- Online house pictures are fake!
What one sees online and what one sees in person are two vastly different things. It’s a bit like supermodels who, in the pages of a magazine, shimmer with perfection, but in real life, are unrecognizable in a grocery store with a ponytail and make up-less face.
House photos get a similar treatment with fish eye & wide-angle lenses which make rooms look more spacious than they really are…not to mention the place is scrubbed within an inch of its life for staged for photos.
- Decide ahead of time what you need in a home
House hunting is like an endless scroll – if you don’t know what you’re looking for!
A common mistake people make is not planning for what they need and or want in a house. Listing lifestyle aspects like a place to work out or a play area for kids is helpful because seeing tons of pictures & open houses doesn’t help focus your search, it actually does the opposite & confuses the original wish list.
- Get mortgage approval before you start looking at houses!
Here’s a painful way to shop: look at houses in a community you would like to live in. Accidentally and unexpectedly fall in love with that perfect home, then talk to a lender and realize you need to be shopping thousands of dollars below that price.
How does getting pre-approved work? Hint: it’s not an app or an online calculator. It’s personally going to a bank or mortgage broker to get the approval letter!
- Involve parents right from the beginning
Once you’ve found that perfect home, do you plan on getting the “final yes” from your parents or co-signer or whoever)? The biggest mistake people make with this is involving them only at that final moment.
If they had been involved from the beginning, they would be on the same page with you about what you’d learned and seen until that point. They would know that prices aren’t what they were 20-plus years ago when they bought, and so would not be shocked.
- Taking a friend’s advice is a bad idea!
Friends mean well, but there’s a lot they don’t know. And what they don’t know can hurt you!
Most of the time, friends share what worked for them or “heard” worked for someone else. The thing is, that may have been fine in their particular situation, but it’s not necessarily applicable in your situation. Take non-professional advice with a grain of salt.
- Hired a licensed property inspector
Two big mistakes for home buyers happen with property inspections. Either the buyer foregoes the inspection to save a few hundred bucks on a purchase, or they “hire” handy randy to “inspect” the house.
Here’s the trouble those buyers wish they could have avoided. Those who opted for no inspection sometimes get surprises with big price tags that an inspection would have warned them about.
Bonded professionals carry Errors and Omissions Insurance, so in light of something missed, you can file a claim against that professional, but if randy missed it…you have to eat it.
All of this is easy to avoid. Hire a professional, certified home inspector!
- Followed your brain instead of your heart!
The biggest mistake when deciding on location, many buyers will tell you, is that they followed their heart and not their brain. The idea of living in the country can be intoxicating until you consider added costs of commuting, septic tank maintenance, water-well testing and road & grounds upkeep.
The bottom line, when you’re looking to buy a home, is to involve a knowledgeable YYC Real Estate Club professional. Yes, from the beginning. You are not “bothering” a YYC agent by asking to see houses … WE WANT to help you! Home buying is a team endeavor & assembling a team of the right people and in the right way will save you a lot of time and money and hassle…
Need more info or have questions…join the YYC Real Estate Club!