Let’s face it, sometimes the home-buying process can be overwhelming and all you want is to make sure that you aren’t making any terrible mistakes. Brookside Real Estate understands; with that in mind we have put together a list of the most common errors people make when buying a home – and how to avoid them.
- Do not shop for a home without an agent.
Since we are Real Estate Agents, this may sound a bit self-serving – but read along and you’ll see our point. First, remember as a Buyer with Brookside Real Estate Company: You don’t pay for the Realtor’s service! The Realtor’s compensation comes from the seller. (And unlike some other local brokerages Brookside Real Estate Company charges no transaction fees to buyers.) Buyer’s Agents are solely there to make all your home-owning dreams come true, and guide you through what can be a complex legal process.Brookside Managing Broker Jim Kraus compares the process of home buying to a court case, “Just like you wouldn’t go into a court of law without proper representation, attempting to buy a home without proper professional representation from an experienced Realtor is risky. And truly, it just makes good sense to use a Realtor to protect your personal interests when making what is generally the largest purchase of your life!”
- Don’t hold out for a more perfect house.
Drive around, gather ideas of what you want, the neighborhoods you like, even make a Pinterest board – all of this is helpful. But do not shop for a home without a trusted Realtor.If you aren’t designing and building your house, then chances are there isn’t going to be one that’s perfect in every way. That’s why it is important to make a list of your “would be nice” features versus your “must haves” features. This helps keep priorities straight and may help you find the home that is truly a great match for your needs – and simplify the decision process.
- Don’t forget to budget for Closing Costs.
Closing Costs are the third-party fees associated with the transactions process of buying your new home. These include appraisals, credit reports, underwriters, inspections, etc. Your Realtor will be able to give you a rough estimate of closing costs once the seller accepts your offer – but you can expect anywhere from 2% to 7% of the cost of the house for closing fees. While the sellers may sometimes contribute funds to cover some of these costs (fees), the majority will be paid by the buyer (and rolled into your total home loan). Brace yourself, and don’t forget to add Closing Costs into your budget.
So, there you have it – now you’re well on your way to avoiding the most common mistakes of the home-buying process. And, especially don’t forget Step #1: Find a great Real Estate Agent you can trust – one who’ll listen to your needs, be an expert on the neighborhood, and look out for your very best interests. Look no further than Brookside Real Estate! Give us a call at 816-333-3330, or stop in and say “Hello” at 9 W 63rd Street – located in the heart of Brookside.
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