Common Mistakes When Purchasing a Home

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Below are a few of the common mistakes people sometimes make when buying a home in Frisco, TX.

Not working with a licensed real estate agent:
When looking for a home it is always a good idea to work with a buyers agent. You have to remember that the agent who’s face is on the sign outside a house you may be interested in works for the seller and will not have your best interests in mind. Also a buyers agent will have experience and knowledge in your local housing market.

Establish a Budget:
Remember it’s not use the mortgage payment that you need to make each month. Ensure you also budget for taxes, utilities, insurance and repairs.

Skipping the home inspection:
Aways go into a real estate transaction with your eyes open. It is very important that you get a home inspection performed even if you are purchasing a new construction. Hire your own inspector ( you realtor can give you recommendations) to be sure that you are not surprised by any costly repairs that will break the bank.

Rushing the home-buying process:
The home buying process requires patience and time. Your agent will be able to advise you if it’s prudent to put in a back-up offer on a property that you really like but has received other offers. Also remember there are closing costs associated with the purchase of a house so make sure you get an estimate from your realtor or title company.

We are Frisco, TX home specialists. If you have any questions about real estate in Frisco, or any neighboring DFW communities, please fill out our contact form, or call 469-556-2393 for assistance.

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Nick Walton
JP And Associates REALTORS