Whether you are a first-time homebuyer or you’ve purchased houses in the past, it is important to be prepared before going into your home search. As you look for homes for sale in Colorado Springs, using your realtor will help to make everything a seamless process. However, there are some top mistakes to avoid as you complete your search. Learn why you should not make choices on aspects that can be changed, handling your finances improperly, and the importance of maintaining the home’s structure by completing an inspection.
Making Choices Based on Aesthetics
When you begin your home search, it is easy to look at everything at face value. You might walk through rooms and be completely turned off by the existing homeowner’s decorating style. You might see painted walls that you don’t like or wallpaper that you know will have to be removed. It is items like this that can be changed. While it will be some work, in the grand scheme of things, if you like everything else about the house, do not make your decision based on things that can be changed. This can be a variety of things from door knobs and cabinet color to carpeting and landscaping. You can always talk to your realtor on resources that will help you make some of these aesthetic changes.
There are a variety of mistakes some homebuyers make when it comes to finances. It is important to save for your down payment, but then the additional costs, too. It is important to work with your realtor and lending agent on additional costs. These can include closing costs, inspection, or homeowner’s insurance. In addition, you need to be prepared financially to make any fixes in case anything breaks upon purchasing the home, or anything that comes up in the inspection that the seller will not fix. Last, as you are in the home buying process, do not make any major purchases or do anything drastic with your finances. It can become a red flag to your lender and you may not get the mortgage.
Skipping the Home Inspection
The home inspection is a very important part of the home buying process. Before sealing the deal on a home, an inspector will go in and review the quality of it. They will find any issues that could pose as a risk or that you as the future owner will need to know and fix. In some cases, you can also work with the seller to see if they will cover costs. The home inspection
, explained by Investopedia, is different from the appraisal and specifically reviews the quality. This is not something to skip out on. With the risk of structural issues, it is important to have this done. To help you prepare for your inspection, you can work with your realtor on costs.
To help make your home buying process seamless, you can count on realtor Marianne Farrell. With over 30 years of experience in the industry, you can trust her to help you through the process to ensure you do not make any of these top mistakes to avoid. As you finalize a sale, be sure to read Marianne’s overview on who pays closing costs on homes for sale in Colorado Springs
. To get started, call her office today at 303-638-6115.