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Neighborhood Information &Maps
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Avoid the 8 most common mistakes made by
most buyers
- Unknowingly participating in a mortgage loan that may not be the most suitable for you. A
professional mortgage officer knows in excess of 50 ways to finance your mortgage. Everyone's
personal situation is a little different. As an example, your mortgage can be designed to reduce
your payoff term and increase your equity with virtually the same monthly payment. Why wouldn't
you choose this type of alternative? Because you simply did not know.
- Waiting until after contract to process their mortgage, or just obtaining a pre-qualification
letter before submitting a contract. Pre-approval benefits you more than you can imagine.
By starting your loan process and obtaining pre-approval, not just pre-qualification, you will
be in a much better position to negotiate with a seller who knows you are financially prepared.
Additionally, you can solve any obstacle, no matter how small, without delaying the closing as
many buyers do by processing their loan after placing a contract on a home.
- Not having a thorough market analysis prepared for the home that you chose. With our computer
capabilities, we as agents have complete information, and you should have all the facts as well.
Knowing details regarding comparable sales and active competition will increase you knowledge when
you are negotiating the price and terms of your home. (Some buyers will choose to pay top dollar
for their home, but it shouldn't be without knowing where they stand.)
- Not having complete estimates of your closing costs based on the specific home contracted for,
not just an estimate done at loan application. Each home has specific costs associated with it,
such as taxes and insurance. These can vary dramatically in different areas.
- Settling for weak negotiating. This can cost you a few hundred or thousands of dollars. Many
buyers and agents settle for that "let's just get a deal done" scenario. Think about it sincerely;
would you rather just make a deal, or do you want your representative to do the very best possible
negotiating on your behalf?
- Not being selective - trying to see everything in and out of their price range, (or being too
selective.) Seeing homes in the proper price range and areas gives you a better feel for the market,
and educates you while you look. Our area has a variety of neighborhoods and property types.
Make sure that you see what you need to be comfortable with your decision. These statements are
not contradictory; you should see all that fits you without wasting time on homes that won't.
- Not previewing schools, shopping, and other neighborhood amenities. Take the time to know the
convenience of your area, and whether the schools, shopping and amenities will help you attract
the next buyer.
- Not requiring the proper inspections. It is money well spent, and paying attention to the
results will let you know the condition of the home that you plan to make yours. In addition,
making sure that a home warranty is in place can save you unexpected expenses.
Dennis Dieter
Your Personal Realtor!!!
Park Place GMAC Real Estate
(951) 545 5735
www.SincereRealEstate.com
www.CoronaHomes4You.com
www.Riverside-Homes-Real-Estate.com
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