Five Costly mistakes
Mistake #1
Not knowing what they can afford before making an offer.
The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.
Here are some Pre-Approval Choice:
Mistake #2
DONT GO UN-REPRESENTED!
In this litigious society, you are only setting yourself up for problems.
Bodin Home Partners will only work with 1 client at a time during a single transaaction (We dont practice dual agency) We must have a SIGNED Exclusive Listing agreement if we are representing the seller.
We also must have a signed Exclusive Buyers Rep. agreement when representing the buyer. This creates agency and forms a fiduciary relationship between us. We will always work in our clients best interest.
Mistake #3
Choosing the wrong mortgage.
A bad mortgage can cost you thousands in taxes and interest.
We will always give you some options, but always do your research & consult an accountant or financial person before you choose your mortgage.
Mistake #4
Not finding problems with the home before buying it.
You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on.
Mistake #5
Not understanding how their credit can impact their ability to purchase or a home.
Get a mortgage professional to help you go over and prepare your credit file before you buy a home. Bodin Home Partners will not go shopping without a
Pre-approval letter.