Buying a home may seem easy enough, but it can take some time and effort. If your friends and family are giving you home buying advice to help out, you’re better off ignoring some of this advice.
Advice to Ignore When You’re Buying a Home
You may feel like you’re ready to buy a home, but if you’re a first-time buyer, you may hit a lot of roadblocks along the way. Luckily, your friends and family will be happy to share homebuying advice with you. Some of it will be great advice, but other recommendations are best ignored. Below are some examples of common but bad home buying advice you should ignore.
You Don’t Need a Buyer’s Agent
You may be quick to think that a buyer’s agent is just a luxury that you don’t really need. In reality, a buyer’s agent can make the home buying process much easier and even enjoyable. On top of that, they can help ensure that the entire process takes a fraction of the time than it would if you were looking for a home all on your own. A buyer’s agent can help with everything from finding homes that are for sale and that meet all of your needs. Thanks to their connections in the real estate world, they can even get leads on homes before they’re even listed. This will give you a great advantage over other buyers. When it comes to legal paperwork and things like making an offer or negotiating, they’ll be by your side ensuring it all goes well.
Look for the Biggest Home Possible
Bigger may seem like it’s always better, but it’s not always true when buying a home. Yes, living in a huge mansion may sound great, but if you don’t need all of that space it may not be as exciting. In fact, a home that is way too big for your needs can turn into a nuisance. You’ll end up having to do much more cleaning and maintenance just to keep your home in good shape. During the summer, your utility bills may skyrocket because it takes a lot more power to cool a larger home. The same goes for the winter when you want to heat your home. Instead of opting for bigger simply because you can afford it, save your money and buy a home that makes sense for your family’s needs.
Save Money By Skipping the Home Inspection
You may be tempted to skip the home inspection because it seems like the home is in great shape. No matter what the home looks like, it can still be hiding serious issues just beneath the surface. A home inspection will alert you to any issues or fixes the house needs so that you can make a better-informed decision when it comes time to decide if you want to make an offer on the home or not. If the home has some serious issues that need fixing, get estimates on the repairs and use this to decide if the home is worth the asking price or negotiate the price with the seller. Purchasing title insurance in Northborough is a must if you want to ensure your home investment is protected. If you’re not sure what the benefits of title insurance are, contact the title insurance experts at Home Key Title at (508) 475- 5502 to learn more.
Lowball Your First Offer
Lowballing your first offer may seem like a smart way to start negotiating the selling price with the seller, but this can quickly go wrong. If the seller gets other offers for the home, your lowball offer will definitely get ignore as they move on in the process with someone who made a serious offer. In some cases, a seller may even get offended by your offer and they may think you’re not serious about wanting to buy their home. In these cases, they’ll ignore your offer altogether and won’t pay attention to any follow-up offers you make. This will essentially cause you to lose out on a house you really wanted. Instead, make serious offers that are competitive and that will get the attention of the seller for the right reasons.
Protect Your Investment With Title Insurance in Northborough
When you’re ready to buy a home, be sure you understand why title insurance in Northborough is so important. If you don’t know how you can benefit from buying a title insurance policy, contact the title insurance experts at Home Key Title. Give them a call at (508) 475- 5502 to get all of your questions answered.