Kim Lee

5 Costly Mistakes Home Buyers Make

Costly Mistakes Home Buyers - Kim Lee
Table of Contents

Mistake #1: Not knowing what they can afford before making an offer.

The optimal strategy to prevent this situation is to secure pre-approval for a mortgage to precisely understand your affordable price range. Typically, there is no cost for pre-approvals.

Mistake #2: Not knowing who the agent represents.

Unless an agent is working as your buyer representative, they represent the seller. Many people don’t realize this.

Mistake #3: Choosing the wrong mortgage.

A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.


Costly Mistakes Home Buyers (2)

Mistake #4: Not finding problems with the home before buying it.

You should always have a professional inspector look at the home before buying it. Otherwise, you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.

Mistake #5: Not understanding how their credit can impact their ability to purchase or refinance a home.

Get a mortgage professional to help you go over and prepare your credit file before you buy a home.

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Kim Lee (Vancouver Realtor)

As a Vancouver realtor, Kim Lee combines her love for people with her passion for real estate to provide guidance throughout the process and to building lasting relationships.