Dianne Moscrip New Westminster Real Estate
    
   Thinking real estate? Call Dianne




Avoid The Most Common Buyer Errors


AgentSold01.jpgShopping for a new home is an emotional experience. It’s also time consuming and  comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:

  • Paying too much
  • Losing a dream home to another buyer
  • Buying the wrong home

When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.


Thinking of making a move? Call Dianne at 604-518-0573


Dianne Moscrip
Realtor, Associate Broker (Agent 9.15)
Direct line: 604-518-0573 | Office: 604-526-2888
Email: dmoscrip@moscrip.net | Website: www.moscrip.net

Let me be... your FIRST REAL ESTATE RESOURCE!
Thinking of making a move? Call me...Dianne Moscrip 604-518-0573

Dianne Moscrip
604-526-2888(Office)
604-518-0573(Cell)
604-520-5766(Fax)

#102 - 321 Sixth Street
New Westminster, British Columbia, V3L 3A7
Canada


Home Buying Errors


Have you made an error when buying a home? Choose the one that best describes your situation...
Dianne Moscrip New Westminster realtor, specialist  |  Featured Listings  |  For Rent  |  Home Search  |  Home Evaluation  |  Calculators  |  Buying  |  Selling   |  Lifestyle   |  Home Improvement  |  Contact Me  |  British Columbia  |  About RE/MAX  |  For Buyers  |  For Sellers  |  Resources  |  Neighborhood  |  House and Home  |  About Me
 
Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: