Buying a home is both, exciting and terrifying. It is one of the biggest financial move most people will ever make in their lives. As such, there is a lot of room for error and even tiny mistakes translate to bigger losses.
Even the most well informed home buyer should get some guidance not only on what to do, but also on what not to do. Look no further than this list, which highlights the most common mistakes a buyer can make to avoid them:
1. Don’t Shop for Homes without an Agent
By all means, start out by looking online for houses that match your requirement, the more the better. It is a useful way to get started on house hunting but when it comes to get serious about buying a house, you should find a professional to help you out.
An honest and dedicated agent will work hard on turning your homeownership dreams to reality. This person will guide you through every step of the home buying process, from finding the right property and writing a winning offer to negotiating home inspection repairs and helping you close the perfect home for you.
2. DO NOT Understate you Budget
As strange as it sounds, a number of home buyers make the mistake of hiding their true budgets from their Real Estate Agents. However, if you are not upfront and completely honest with your Real Estate Agent about your price range and budget, there are chances that you miss out on a great house.
3. DO NOT make Ridiculously Lowball Offers
Everybody wants to get a bargain, but chances are you could lose out on a home that you love by making an absurdly low offer. In fact, a recent survey completed by agents says that one of the largest mistake buyers make when purchasing a home is offering too little for a property.
When you overlook the market data and make a ridiculously low offer, you’re pretty much slapping the seller on the face with it. If you offend the seller, there is a high chance the seller will not be willing to make a counteroffer.
If you are looking to buy or rent in Dubai, we have the best Realty Experts who will guide you through the entire process including securing a mortgage at the lowest rate. Get in touch with Range International Property Investments by calling us on 800 72 888.