Not sure what to avoid when buying a house in Houston, Texas? There are several common mistakes that buyers make during the home-buying process, especially if they’ve never been through it before.
In this post, our team at Your Home Sold Guaranteed Realty - Chris Schmidt Team will discuss nine mistakes to avoid when buying a house. By taking the time to understand potential pitfalls and how to avoid them, you’ll set yourself up for success.
Key Takeaways:
- Consider things like family growth or lifestyle changes and how they could impact your home choice.
- It’s important to budget for closing costs, property taxes, private mortgage insurance, homeowners insurance, ongoing maintenance expenses, and HOA fees.
- When deciding which home to buy, it’s important to consider the potential resale value if you ever plan to sell it in the future.
What to Avoid When Buying a House? – 9 Common Mistakes
- Not Making a List of Homeownership Goals: It’s important to take a minute and think about what you’re looking for in a home. Consider things like family growth or lifestyle changes and how they could impact your home choice. Otherwise, you might end up in the wrong home and have to sell sooner than you expected.
- Not Budgeting Properly: After you know what your goals are, it’s important to establish a clear budget and plan for major expenses like the down payment and monthly mortgage payments.
- Not Planning for Additional Costs: It’s important to budget for closing costs, property taxes, private mortgage insurance, homeowners insurance, ongoing maintenance expenses, and HOA fees. Considering all possible expenses will help you avoid financial strain.
- Not Researching Neighborhoods: Before you start looking at homes, make sure you research neighborhoods you’re interested in. Consider schools, parks, crime rates, commute times, and other factors that are important to you.
- Not Working with a Realtor: Buying a home without a realtor doesn’t save you any time and money. In fact, it likely does the opposite. Without a realtor, you’ll miss out on the latest listings, won’t benefit from negotiation skills, and won’t have anyone to advocate for your interests against the seller and their agent.
- Not Getting Pre-Approval Before House-Hunting: Pre-approval not only helps your offers look more appealing to sellers, but it also serves as a guide so you know exactly how much of a home you can afford.
- Not Factoring in Resale Value: When deciding which home to buy, it’s important to consider the potential resale value if you ever plan to sell it in the future.
- Not Getting a Home Inspection: Even if the seller has already done a pre-inspection, it’s still important to hire your own inspector to make sure there are no hidden issues with the home.
- Rushing into a Decision: Not fully considering all your options or making hasty decisions based on emotion can lead to regret later on. Be sure to take your time and avoid impulsive choices.
Avoid Any Mistakes When You Work With Chris Schmidt
Making informed decisions and taking proactive steps to avoid common home buyer mistakes is easy when you have a trustworthy realtor at your side. At Your Home Sold Guaranteed Realty - Chris Schmidt Team, Chris Schmidt and our team have been continually ranked as the best realtor in Houston.
We’ve helped many buyers find homes that match their budget and preferences thanks to our in-depth knowledge of the local housing market and unique buyer guarantees, including our Buy it Back Guarantee.
If you are interested in working with our team to buy a home, call or text today at 713-322-5604. You can also use the form below. Don’t have to wait to find your dream home in Houston!
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