So you've decided to buy a home in Rancho Santa Margarita. Whether you're a seasoned investor or a first time buyer, these are 10 mistakes to avoid when buying a house:
- Buying a house that costs more than your budget can comfortably manage
- Neglecting to consult with a tax professional or financial planner
- Using the same agent as the seller in an effort to save money
- Going with an online mortgage broker or a "friend of a friend" without checking references
- Failing to compare rates and terms with at least two mortgage brokers
- Agreeing to take a different type of mortgage than you want without exploring all the options
- Submitting a low-ball offer on a short sale, REO or standard sale when the comps support a much higher value
- Not being prepared to move quickly and make an offer if the ideal property is identified
- Acting out of emotion rather than logic
- Thinking you don't need to spend extra money on a home inspection
Ask me for a detailed the detailed List of Do's and Don'ts for Home Buyers & Sellers
