Buying a home is an exciting milestone, but its also stressful for first-time home buyers attempting to navigate the unfamiliar housing market. While it’s natural to make mistakes, the friendly real estate agents at Amber Lube, Keller Williams Realty Concord/Kannapolis in North Carolina, say there are many you can and should avoid.
3 Common Mistakes Made By First-Time Home Buyers
1. Not Hiring a Real Estate Agent
Many first-time home buyers wish to save money by attempting the process on their own; however, this can cost you more in the long run. Not only does a real estate agent have a wealth of knowledge about the local housing market, but they are also there to guide you through every step. They save you time by scheduling tours for homes that match your needs, and handle every aspect of negotiations and paperwork. And because they work off commission, it is in their interest to land you the best deal on a home.
2. Failing to Determine Your Needs
Before you begin hunting for a home, you must first do some research, create a budget, and make a list of features you are looking for. For example, you may love a home, but you should also know information about the neighborhood, such as the school district ranking, crime statistics, and amenities. Creating a budget will also prevent you from looking at homes that don’t fall within your financial parameters.
3. Settling on the First Lender
Pre-approval is an important step in the home buying process; however, some people are so eager to get started hunting for a home that they settle on the first lender who gives them an offer. This is a mistake that could cost you thousands of dollars. It’s recommended that you apply for loans with four or five different lenders so you can compare rates.
Whether this is your first or third time buying a home, it’s always important to have a knowledgeable real estate agent in your corner who can guide you through the process. For the best agents in Kannapolis, NC, turn to the team at Amber Lube, Keller Williams Realty Concord/Kannapolis. Amber and Leaurel will assess your needs and budget to help you land the home of your dreams. Reach Amber via email, or give her a call at (704) 577- 5966. You can also contact Leaurel via email or at (704) 577-5966. Visit the website to browse their current selection of real estate listings.