We want you to have the best possible experience when buying your dream home. Unfortunately, there are usually a few unanticipated bumps in the road. Here are some common mistakes for you to avoid in order to have a smooth home purchasing process.
Financial ignorance. Being a smart shopper is very important, especially when it comes to real estate. Be sure to learn some of the basics of financing before you start looking at homes for sale in Yakima WA. Explore your options, and ask questions. It’s also a good idea to get pre-approved by a lender, which is a simple step that helps you figure out a budget that suits your needs and lifestyle.
Impulsive shopping. You don’t want to realize you don’t like the home or that it’s in bad condition, after you’ve closed the deal. Take some time to think about what you are looking for in a home. Consider your commute, size, repairs, etc. Also be sure an inspection of the home is done before you close the deal. Your agent can help you find Yakima real estate listings that fit your needs.
Acquiring high debt. Don't make any large-scale purchases until after you buy your home. Try to lower your credit card bill, and refrain from applying for new ones. Keep in mind that financial institutions assess your financial situation based on your monthly income. Your monthly house expenses shouldn’t surpass 28% of your monthly income.
Submitting a weak offer. Sellers are looking for serious buyers and a fair price. Putting in an offer that’s too low could potentially offend the seller. Furthermore, you want to have some contingencies in your offer, but not too many. Less contingencies make a stronger offer. Learn about the current trends in the Yakima Real Estate Market here.
Avoiding the details. Before you close on your new home, be sure you know what you’re getting. Make sure that the home is in adequate condition and hire a professional inspector or appraiser, check zoning regulations and be sure they fit you and your families needs, request an up to date property survey, etc.
Be clear about what is being left behind such as appliances, furniture, etc. These should be written in the contract, as well as any verbal agreements.