Buying a home is an incredibly complex process, requiring coordination between you and a variety of other people and agencies. Mistakes are bound to happen, but many of the most common home buying mistakes are completely avoidable if you know to look out for them.
Henry A. Leist Realtors®, one of Cincinnati's best real estate agents, lists some common mistakes which can potentially cost home buyers thousands of dollars:
- Dealing directly with the listing agent. In most cases, the agent who firsts shows you the property earns the commission; so if you deal directly with the seller's agent, you may give up the opportunity to have an expert advocate for your interests.
- Going to open houses without an agent. This mistake is closely related to the first. Again, it's best to work with a buyer's agent to protect your interests in the transaction.
- Assuming you'll save money by dealing with agents yourself. Actually, since a buyer's agent splits the commission with the seller's agent, there's no cost difference to the seller, so there's no savings to pass on to you.
- Buying a house you can't afford. Just because you qualify for a loan doesn't mean you should accept it. Before you even go house hunting, take a good, hard look at your finances, set a budget, and stick to it.
With more than 50 years of experience in the real estate industry, Henry A. Leist Realtors® provides a variety of real estate services to suit any need. Visit their website to browse their wide inventory of homes for sale, or call (513) 794-7444 to speak directly with an agent now.