Top 8 Mistakes of New Buyers


1 - Taking the time to review your budget to determine what you can afford will save you a ton of time in the long run.  Sure it is tedious and not the most fun, but if you don't know what you can afford, how do you expect to make good decisions when looking at what homes are available.

2 - Sure...you know someone that knows someone that got a home in perfect shape for 50% of the value because they bought a foreclosed home...right??  As much as a foreclosed home may provide some opportunity, it will also create some hurdles as well.  Such as condition, cost of repairs, and a lack of the bank to do very much to accommodate the buyers needs. 

3 - Finding an experienced, knowledgeable, honest Realtor is very important when buying a home.  In most states, there is not charge to the buyer to use a buyer's agent.  Take your time and interview a few good agents that you find online or you have been referred to.  Here are a few good questions.

4 - Run the numbers!  Have your agent run the numbers!  Have your lender run the numbers!  Make sure you ask questions.  Discuss the cost of utilities, upkeep, landscaping, repairs, taxes, HOA dues.  Understand what could be a big cost and what could be a small cost.  Talk to everyone involved in the transaction....from your agent to your handyman to your insurance guy.

5 - I know I know...everyone wants the steak home on the burger budget.  But use your head!  It is your first house, trust me...it is not going to be a mansion.  Stick to your budget.  Don't get too big for your britches.  Just because your lender says you qualify for the mansion, doesn't mean it makes sense in round 1.  Think long term.  No one wants to be in debt for the rest of their life.  If you make smart decisions today, then maybe round 2 you can afford a slightly larger home with have the debt included. 

6 - Your first offer will never be accepted.  Period.  Next question.  Trust me...you are a master negotiator...right?

7 - Never skip a home inspection. Period. Next question.  Why don't you just buy things sight unseen.  You wouldn't.  So why would you ever buy a home...the largest investment of your LIFE...without having a professional home inspector do a thorough inside and outside inspection of the property?  You wouldn't make that mistake...I won't let you.

8 - This may go without saying, but I will anyways....not reading all closing documentation could cost you big bucks and major stress in the long run.  Sure you trust your lender...sure you trust your agent...sure you trust your sister's husband's brother's uncle that is giving you this sweet deal on a condo at a killer price using a lender that was referred by him and turns out to be his chum from elementary school.  Just saying....the more you know bro....Read all docs and make sure you understand everything from your real estate agents agreement with you, to what the lender charges you to what the closing cost amount is going to be.  

FOR OTHER GREAT TIPS TO A HEALTHY AND WEALTHY LIFE PLEASE CALL/TEXT ME DIRECT AND VISIT MY WIFE RACHAEL ROBART'S BLOG AT WWW.COACHRACHAELSFITNESS.COM

NATHAN ROBART


ROBART REALTY GROUP


CALL/TEXT: 702-328-4583


EMAIL: NATHAN@NATHANROBART.COM



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