Buying a home isn’t easy. There are plenty of mistakes that can be made throughout the process. Not knowing how much you can afford is a big one.
Additionally, not realizing that the wrong mortgage can cost thousands of dollars in needless expenses is another big mistake. You’ll need to look beyond a standard 30-year mortgage and investigate other options that are available.
One of the biggest mistakes is choosing the wrong real estate agent to represent you. You need someone who can represent your money and interests by making time to investigate your options. You also want someone who has experience in the area you want to live and most importantly, has the experience to discover hidden defects in a home before a purchase is made.
In the Greater Memphis area, the average number of homes sold by a real estate agent is four per year. Would you be surprised to know that 90% of all the homes that are sold in our market are sold by about 12% of the agents? There is a difference.
The next time you’re in a conversation with a friend who’s thinking about buying a home, give me a call or send me an email and I’ll send you a copy of my article that details the five biggest mistakes that homebuyers make.
If you have any other questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.