Arguably one of the biggest purchases you will ever make in your life is a house. With such a high cost, you would want to make sure that you are making the right buying decision. Nothing is more inconvenient than finding out the house you bought has a plethora of issues.
To keep the house-buying process smooth and easy, here are the critical buying mistakes you would want to avoid:
Mistake #1: Not getting a mortgage pre-approval first.
You might have heard of people saying to get a mortgage pre-approval first. This is important because it helps you see your financial standing in a clearer light. You will be able to know how much you can afford to spend on a house. Additionally, sellers will see you more as a serious buyer if you have obtained a mortgage pre-approval first.
Mistake #2: Not factoring in closing costs in the overall budget.
More often than not, you will have to shoulder the closing costs. But the closing costs can set you back by thousands of dollars. That can put you in a difficult position if you are not prepared for it. Make sure you include the closing costs in your budget. This can include lawyer fees, appraisal fees, and insurance fees.
Mistake #3: Not considering getting the home inspected first.
Never skip the home inspection. You would want to make sure that you are buying a property in sound condition. You don’t want to move into a house that is in danger of falling on your head. Although it can be an added expense at first, it will give you more bargaining power in the end. It also helps you determine how much more you need to spend to make the home livable.
Mistake #4: Not prioritizing location.
It’s easier to make changes to the house than it is to change its location. This is why in between a house with the right location and a house that ticks off everything on your must-have list, better go for the one with the right location.
In addition to all these, never buy a house without consulting the top Burnaby real estate agents. Buying a house is already overwhelming and daunting, which is why you need the help of top Burnaby real estate agents who can steer you in the right direction.
Looking for top real estate agents in Burnaby, go check out Brandon Gee-Moore Personal Real Estate Corporation.