Buying a house can be very exciting, and it’s easy to become overwhelmed and get caught up in that excitement, especially for first time home buyers. However, it’s also a serious business, and as such, something you want to accomplish with as few mistakes as possible. Here are a few common mistakes that home buyers make that you should try to avoid:
Don’t make an offer on a house that will cause you to become over-extended financially. You may have qualified for the mortgage, but think about whether or not making such an offer would end up putting too much pressure on you financially. Your monthly mortgage payment should be something you can comfortably afford, not something you have to struggle to make every month.
Don’t make any big financial changes before closing on a home. This is a mistake home buyers commit surprisingly often. Your mortgage approval is based on the financial information you provided to your lender. If you suddenly switch jobs or make any big purchases such as buying a car, it could affect your ability to qualify for the loan you need. Try not to make any big career changes or purchases before you close on your new home–after all, buying a house is enough to deal with for the moment.
Lastly, don’t forget the little details. There are so many important things to remember when buying a home that some people forget to do the little things like having all their mail and bills sent over to their new address or changing their phone or cable. Write these down so you won’t forget once it’s time to move into your new home.
If you are planning to buy a home, let The Incorvaia Team make the process as easy as possible for you. Call us at 440-879-7130 today!
