Whether you have experience in Real Estate or you are a First Time Homebuyer, it can be easy to rush in and make some simple mistakes that will cost you time and money. Here are the Top 3 Mistakes Homebuyers Make:
#1 Not hiring the correct Realtor - it is important to hire a Real Estate Agent that knows the local market, all necessary information, and is a master negotiator. Starting with the correct representation to help guide you through the Real Estate market and will save you from making simple mistakes.
#2 Not Obtaining Pre-Approval - how do you what home you can afford if you are not pre-approved from a lender? Be sure to obtain a pre-approval letter before you start home shopping. Your Real Estate Agent should recommend you to multiple lenders to help you find a loan that fits your budget and your needs.
#3 Buying the house, over the neighborhood - make sure that you look beyond the home, and choose a neighborhood that has great schools, great location, and great amenities so that the home keeps value long term. Homes in areas such as The Woodlands, TX and other well established communities will retain value and offer much more to your lifestyle and attract prospective future buyers.
Pro-tip: Don't buy the most expensive house in the neighborhood - find a neighborhood that has multiple price ranges. If you purchase the most expensive home, re-selling that home in the future will be more difficult, and the home will often remain 'Priced Out' of the market.
Make sure to always have good representation from a local Real Estate Agent a first time home buyer to avoid major mistakes! If you are looking to Buy or Sell a Home in Houston TX, or The Woodlands, TX reach out to Michelle Marek Team.