Buying your first home is an exciting and fulfilling experience, but one that can turn stressful if you do not follow the right steps. There are numerous factors to consider, such as budget, location, style, size, and amenities. However, there are also some common pitfalls that new home buyers should avoid to make the homebuying process go more smoothly and enjoyable. Here are 5 mistakes you should avoid when purchasing your first home in West Hattiesburg.
- Not Obtaining Mortgage Pre-Approval
Obtaining mortgage pre-approval is one of the first steps to take when looking for a home. This pre-approval will help you determine your budget, potential interest rates, and how much down payment and closing costs you will need.
Obtaining pre-approval will also demonstrate to sellers that you are serious and prepared to buy, giving you an advantage over other buyers in a hot market.
- Skipping the Home Inspection
A home inspection is an important aspect of home buying because it can reveal any hidden defects or issues that might affect the home’s value or safety. A home inspection can also give you the chance to negotiate repairs or a lower price with the seller or back out of the deal if the problems seem extreme.
Overlooking the home inspection may cost you much money and headaches, so do not skimp on it.
- Buying More than You Can Afford
It may be tempting to purchase a fancier or larger home than you can afford or need, particularly if you fall in love with a specific property or feel pressured by your family or agent. Unfortunately, buying more than you can afford can put you in financial jeopardy and narrow your lifestyle choices. Adhere to your budget and buy a home that meets your goals and needs, not your fantasies and desires.
- Not Hiring a Professional Real Estate Agent
Some first-time home buyers believe they can save time or money by not using a professional real estate agent and handling everything themselves. However, this approach can be a huge mistake because West Hattiesburg MS real estate agent Beth Scharwath can provide helpful advice, knowledge, and resources throughout home-buying.
A seasoned agent will help you find the ideal house for your needs, negotiate the best price, handle paperwork, and avoid any ethical or legal issues that might arise.
- Not Thinking About the Future
When purchasing your first home, consider not only your current situation, but also your plans and goals. For instance, do you intend to live in the house for a long time or to sell it soon? Do you plan on starting or expanding your family, or do you want to live alone? Do you plan to work from home or commute to work?
These questions will help you select a house that will match your needs and lifestyle now and in the future.
Explore Homes for Sale in West Hattiesburg Today
Buying a home does not have to be complicated. So is making your dream of homeownership a reality! Talk to Beth Scharwath to help you find the perfect home for you and your family. As a full-time realtor of the Hattiesburg area for over 25 years, Beth possesses an unmatched insight of West Hattiesburg real estate, and can guide you on the best listings available. Set up a consultation with Beth Scharwath today to begin your home search.