Ten Home Buying Mistakes to Avoid in Stephenville Real Estate

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There are a number of common mistakes made by both first-time home buyers as well as experienced property owners. Shannon Petrie at FrontDoor.com has outlined ten mistakes routinely made by prospective home buyers. We’ve provided them here because they apply particularly well to buying a home in Stephenville:

  1. Not Getting Pre-Approved: Know ahead of time how much house you can afford. Also, you should know the difference between pre-qualified and pre-approved.
  2. Thinking Short-Term: You should be looking for a home but you should also be taking into consideration home improvements and location, factors which will help build value for a future sale and provide a solid return on your investment.
  3. Not Considering Location: It is the golden rule of real estate and ignoring it because you’ve fallen in love with the home itself is a common pitfall.
  4. Buying a Fixer-Upper Without Research: There is a lot of money and effort required to fix up a house or acquire a foreclosure. Do your research before buying a distressed property.
  5. Spending More Than You Can Afford: There are a number of expenses associated with home ownership beyond the mortgage. Make sure you crunch your numbers for all possible expenses and maintenance before buying a home.
  6. Love At First Sight: Don’t grab the first home you see; shop around so that you can establish points of comparison for a number of viable houses.
  7. Neglecting Home Inspection: Money pits are lurking; get a home inspection to make sure there are no unexpected surprises.
  8. Not Reading the Fine Print: Make sure you read every document and solicit the help of an attorney before signing on the dotted line.
  9. Making a Blind Offer: Always have a back-up plan and contingencies for backing out of the deal if not all of your stipulations are met.
  10. Analysis Paralysis: Waiting to purchase a property in hopes of a market dip is a nearly impossible scenario.

Of course, there is one protection against all of these mistakes and that is partnering up with an experienced real estate broker. We have been assisting home buyers and home owners in Stephenville and Erath County for years. We will help you avoid these mistakes. All you have to do is pick up the phone and dial our number.

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“Jamie Stockstill held my hand through the entire process. Being a first time home buyer I had a million questions but she was always there, no matter what time of day, to answer my calls or texts. I always felt like she was working for my best interest. I will recommend her to anyone I come across looking to buy or sell.”
Paula