- What kind of development plans are in the works for this neighborhood?
- Is there a chance that a highway will be built in the home’s backyard five years from now?
- Is this street likely to become a major street or a popular rush-hour shortcut?
- What are the zoning laws in this area?
Mistake 9: Failing to hire your own agent.
Mistake 8: Being swept away.
Mistake 7: Neglecting to inspect.
Mistake 6: Lacking Vision.
Mistake 5: Compromising on the important things.
Mistake 4: Acting too picky.
Mistake 3: Failing to consider additional expenses.
Mistake 2: Skipping mortgage qualification.
Before you place an offer on a house, obtain a pre-approved loan. This way, you won’t agree to something before knowing you will be able to pay for it. Also, understand that even after you’ve been pre-approved, the loan can still fall through if you do something to dramatically alter your credit score, like buying a car.
Therefore, when buying a house, it’s important to not only receive a pre-approved loan, but to also hold off on other large expenses for a while. If you really can’t wait to get that new car, perhaps you should hold the home purchasing process until later. After all, only you can determine what’s most important for yourself and your family.