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The Common Mistakes When Buying a House

The Common Mistakes When Buying a House

The Common Mistakes When Buying a House – Buying a house is a very exciting experience for us. It is one of the most awaited and anticipated experiences we have as an adult. But owing to that anticipation, the majority of people make some really risky mistakes when they tend to buy a house. These mistakes are avoidable though, but this is only possible if you first know the mistakes.

So what are these mistakes?

Well, to assist you with that, the Sanford Florida Realtors tell us the following mistakes that can totally ruin your exciting experience if not instantly, then after some time of closing your real estate deal.

Let’s have a look!

Inadequate Market Research

We all want to buy a house that is good as well as cheap. However, before you make your final move of closing a house’s deal, it is imperative to research the market for better options. The reason why many people lack proper market research is that they believe that their current choice is the best option and if they let go or delay in finalizing the deal, they might lose the current option as well.

As per Lake Marry Realtors, this thought is usually injected by the sellers as well as some dishonest realtors whose sole interest lies in getting away with the deal and receiving their share of the profit. So unless you know all the inside out, and have done the required market research, you must not fall prey to the undue pressure of closing the deal which is not in your favor.

Improper House Inspection

Getting enticed by the curb appeal of a house is not enough or wise unless you inspect the house thoroughly inside out – says Lake Mary Realtors. Being a home buyer, it is alright if you fall in love with the house aesthetics but with that, you must look for the problems that commonly arise later. These frequent problems may include leaky walls or roof, a plumbing issue, drainage issues, broken windows or doors etc.

One thing that you must keep in mind is that, in the case you inspect the house roughly and later on come across all such problems, your seller will no longer be responsible to fix such issues. Therefore, the best time to discuss all these fixing issues is before closing the deal with the seller. But if you fail to inspect and discuss the matters in time, you will end up with the much more additional cost of repair than you would have budgeted for, initially.

Measure Your Affordability

As per the Sanford Florida Realtors, the major mistake made by many people is that they fail to assess their affordability and what they are actually looking for. Since the experience of a new house is quite thrilling, it does not mean that one should spend more than what they can afford.

This mistake usually causes people to skip their loan repayments and to face more financial burden later on. Hence, before you decide to spend some extra bucks on your home purchase, have a look at your budget, think of your house requirements and count the money that you actually have. This will help you in closing the deal without being hard in your pocket.

If you need more information about your real estate affairs, head over to Megan Dowdy right away.

Megan Dowdy

Megan Dowdy is a seasoned real estate broker, educator, and entrepreneur. A native of Orlando, she is one of its biggest promoters and is familiar with all that Orlando has to offer. She attended Lake Highland Preparatory School, obtained a business degree from The Calloway School of Business at Wake Forest University, and then obtained her Masters in Hospitality and Tourism Management from The University of Central Florida’s Rosen College of Hospitality Management.

Her passion for bringing hospitality and service to real estate is a rare find in the industry. Building relationships that begin with the first transaction and carry on over years is what Megan thrives on. Communication and accessibility are of the utmost importance to providing a high level of service – and Megan prides herself on those!

When she isn’t representing clients in the purchase of real estate, Megan is teaching, as an Adjunct Instructor, at The University of Central Florida’s Rosen College of Hospitality Management. She teaches the future leaders of the industry numerous courses ranging from Guest Services Management, to Marketing, to Hospitality Communications.

Giving back is also a major theme in Megan’s life. Megan is a Founder, Board of Directors President, and Hospitality Committee Chair of The AutoNation Cure Bowl; Orlando’s newest NCAA post season college football game set to kickoff on December 19, 2015. All proceeds from the game go directly to the Breast Cancer Research Foundation where ninety-one cents of every dollar raised goes directly to research, and finding a cure for cancer. She also maintains strong relationships with each of her alma maters, even holding a position on the Alumni Board of Directors at Lake Highland Preparatory School in downtown Orlando.

Megan is also a licensed Real Estate Instructor and holds two designations: Accredited Buyer’s Representative and Graduate Realtor Institute; also, two certifications: Florida Military Specialist and Military Relocation Professional.