Home buying, especially in Carillon Lakes community can be such a thrill. But sometimes, buyers tend to rush and make mistakes that can cause unpleasant experiences. If you are a first-time home buyer, knowing the common errors others made can help you avoid going down the same wrong path. So read on and learn these 5 most common home buying mistakes you should avoid.
- Not carefully planning the budget (including other costs)
One of the most common failures of home buyers is not calculating how much they can really afford before they dive into home buying and choose a mortgage plan. If you are currently renting and has no problems meeting your monthly payment, then that can be a good assessment of your future financial capabilities. Also, do not bank on possible changes that could make your financial situation better, like a promotion. Things can always change right? So it’s better to be on the safer side.
Lastly, never forget to consider other costs in home buying like HOA, closing costs, insurance and property taxes. So to make sure you don’t lose that Carillon Lakes community homes for sale you are eyeing, start assessing if you can really afford it given all the necessary considerations.
- Thinking pre-approval is final
Yes, pre-approval is crucial to get a home. But that’s not everything. Besides, it doesn’t necessarily mean the loan is granted to you. Know that banks can still decline in giving you the mortgage, especially when huge changes happen that could put your finances in question. Be prepared to supply information and back up your claim with facts.
- Not considering the location
Don’t we all get all dreamy when we see a home we absolutely adore? I know I do. But hey, remember that the home photographs you’ve seen in http://www.LakelandFloridaLiving.com should not be the sole basis for your purchase. Check the neighborhood and be 100 percent sure that it has everything you need. Find out if the resale value of the home will be negatively affected by its location and take this into account. To be certain, visit the area more than once so you can see things for yourself.
- Disregarding inspections
Skipping home inspection is not a good idea. If you want to make a wise purchase, you have to know all the flaws of the home you are buying. Home inspection would cost you a lot less than potentially huge repairs and renovations which you won’t be aware of otherwise. So contact your agent in Carillon Lakes community and ask for referrals on trusted home inspectors before you make your purchase.
- Working with the wrong agent
If you are buying a home for the first time, it is so easy to get lost and overwhelmed by all the processes, terms, and documents. Have a seasoned local agent by your side to avoid headache and avoidable mistakes. Ask for recommendations, do online research, and conduct interviews to choose the best agent who would help you buy your first home.
Knowing these things doesn’t mean your Carillon Lakes community home buying experience will be flawless. We cannot predict the future but learning the mistakes others had in the past can help us avoid travelling through the same path.
Call me, Petra Norris, at (863) 619-6918 or send me an email at petra@petranorris.com if you’re looking for a Lakeland Florida real estate agent with superior local knowledge, experience, professionalism, integrity, and personal service to help you sell or buy Carillon Lakes Community homes for sale.
Petra Norris, REALTOR®…
Going The Extra Mile For You!