Imperial Valley REO

Avoid Common Buyer Errors when considering Imperial Valley Real estate with these Buyer Success Tips

The purpose is to help open your eyes to common buyer errors and learn how to avoid them. As you are shopping for a new home there’s an air of excitement and emotion running through you at the same time. It is my goal and objective to make you a successful home buyer.

By going about the process the wrong way, it can be a time consuming experience with a bunch of details to think about. Some buyers who get caught up in the excitement may overlook important items and this could turn their home purchase into an expensive lesson.

The buyer errors typically fall into three categories:

Paying too much for the home

Buying the wrong home

It is said to get somewhere you have to know where you’re going, therefore having a plan in place before you approach the home buying is important and can save you time and money. Here are some tips to use so you can make the most of your home buying experience and refer me to all of your home buying friends, family members, and co-workers.

Making An Offer With Sufficient Information

What price do you offer? Is the seller’s asking price too high? Is this home the right deal? Without doing your homework and researching the market and comparable home prices, you could pay thousands of dollars too much. Before you even think about making an offer make sure you know your market. A professional REALTOR(r) can provide unbiased information for you on the value of the home based on market conditions, conditions of the home, and condition of the neighborhood. Without market knowledge, your offer could be out of range and may end up paying too much. You may even think to price it lower than realistic and miss out on a good bargain regardless. I can help you navigate Imperial Valley real estate conditions, ask me about the state of Imperial Valley housing market today.

Buying The Right Home For Your Needs

Determining what needs and wants in a home are some of the most important aspects of the home buying process. Sounds simple, right? Having a clear picture of your needs and wants in connection with your budget is vital in bringing an objective view into buying your home, which in the long run will leave you in a much stronger and better position. Some buyers may purchase a home that is too large or perhaps too small for them. Maybe they didn’t consider the drive time to work, the distance to school, or home repairs needing attention. It’s important to plan ahead and by using a needs list, you can narrow down looking only at homes that truly fit your lifestyle, needs, and wants.
I can help you put a plan together to find the right home for your needs, ask me about the state of Imperial Valley housing market today.

Title issues

Before you sign any document, ensure the home you’re buying is free from all liens and encumberances. As part of their services, a REALTOR(r) can supply you a copy of the title report to make sure there are no hidden suprises such as liens, debts, undisclosed owners, leases, or easements.

Repair, Replace, Preparation

No home is perfect and all homes have something that needs attention, unless your buying brand new and even new homes need things, however unexpected repairs can be avoided by early detection. For around $300 to $400, a professional home inspector will perform a thorough inspection of the home. The report will outline any repairs that need to be addressed so you will have idea of the costs assoicated with them. Have your REALTOR(r) make a favorable home inspection report as part of the final contract. If you’re buying a bank owned or foreclosure home, the seller may not agree to paying any repairs, however you can always ask, the worse they can say is no.

Get Pre-Approved for a Home Loan

It takes just a few moments of your time as you begin to think about making the largest purchase of your life. Spending hundreds of thousands of dollars deserves your attention, therefore take the time to get pre-approved for a home loan. Being pre-approved is a requirement before making an offer on a home as banks will take your offer seriously as opposed to others who have not taken this step.

Remember Closing Costs and Incidentals

While many sellers are open to pay some or all of a home buyers closing costs, not all sellers are willing to do so, therefore you should remember to keep some money for costs that are not covered as part of your purchase. They could be loan fees, insurance, inspection, title fees, and repairs, etc.

Rushing to Close

Once again, I have to be clear, before you sign any document make sure you completely understand all of the terms and conditions of your transaction. Are things in order? Did you forget anything? Don’t rush, you could lose financing, money, or even the sale.

How can I help you? There are currently over 500 homes on the market today with a median sales price of $150,000, how do you know which home is right for you? Ask a professional, ask a REALTOR(r) today, ask me to help you buy a home today.

Bank Owned, California Foreclosure, California short sale, Foreclosure, Home buying, REO, Real Estate