Common First time home buyer mistakes.

Typically, completing a real estate transaction in today's market involves multiple steps. Some of the most common mistakes Home Buyers make occur because there's little awareness of the common pitfalls. Learn more about what's necessary to prevent potential negative situations:

Stay within a real estate market you can afford. Don't out-price yourself. Remember to factor in association dues, homeowners insurance, taxes at the new rate (after it is re-asccessed) and your house payment.

Opening more debt lines such as buying a car, buying furniture, or spending on a credit car before your home loan is closed.  This will change your debt ratio and may disqualify you from buying a home.  Don't do it.

Decide which real estate professional is right for you. Choosing an agent is smart for several reasons. Agents can quickly target your buying interests, and you reap the bulk of the benefits from their services as the buyer.

Conduct sufficient research to find the best mortgage rates and mortgage options.

Don't assume you can't negotiate closing costs when parties decide the final asking price of the home. You might be paying extra fees you could have saved by simply asking the sellers to include them in the home price.

Be careful when examining homes that need to be fixed up. You might end up pouring more money and time into it in the long run than you think.   Have a contractor give you an estimate of repair costs even if you are planning on doing them yourself

Not making your offer look good enough to the seller.   Be sure to send a pre-approval letter with the offer.  Be sure to put down a good earnest money deposit.

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Woodhull Lake and all you need to know about buying a lake home here!

$1,375.00

14201 PROSPECT Street

Dearborn, MI

Beds: 0 • Baths: 0

$239,000

1701 MARYLESTONE Drive

West Bloomfield Township, MI

Beds: 2 • Baths: 1 full

$600,000

921 Kyle Court

White Lake Township, MI

Beds: 4 • Baths: 3 full/2 partial

$2,500.00

880 Hemingway Road

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Beds: 3 • Baths: 2 full

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0000 Burgess Drive

White Lake Township, MI

Beds: 0 • Baths: 0

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