Home Buyer's Mistakes

As a Real Estate Broker in the GTA. I feel like I have heard a lot of stories outlining home buyers mistakes. Or how people assume that home inspections aren't necessary in today's market place. Here are a few home buyers mistakes, that hopefully will help you down the road when it's your time to buy.

1) Not knowing your financial status:
Your financial status, is just like you going to the doctor and receiving a check up.  You want to make sure that you have paid down most or all of your debt. Your credit score is updated and that you can afford the types of homes that you have been viewing online or through newspaper ads. Therefore, receiving your pre-qualification should be your first step.

2) Emotionally involved:
The home buying process is fun and exciting. However, it is still a transaction in which you need to know the fine print and remove any type of emotions.  The home that you move into won't be your last. Therefore, start off right on the proper foot. Don't overpay for something that you can find at a lesser price point.

3) Home Inspection:
When faced with the option to include or exclude a home inspection. I advise my clients to include this condition.  Due to the fact, that buying a home is one of life's major financial investments.  If you are willing to get yourself pre-qualified, and you are using a Realtor to search for your right home. You can spend less than $400 dollars on a home inspection (amount depends on size of homes sq ft, condition, and age).

In this line of work, there are many more stories in which I could share. However, these ones are very important from the get go.  Knowing the information ahead of time is more important than the actual home buying.  Due to the fact, there is a home out there in your community just waiting for you. However, if you don't have the knowledge and help from an experience Realtor. You could end up with a story of your own.

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Take care,

MyDaddyHomes