There are some common mistakes that homebuyers make and Barrie real estate agents see them time and time again. Read through them here so that you can avoid making them and make a smooth purchase.

Common Mistakes Barrie Buys Make

1. Lack of budgeting for insurance. In many instances home buyers opt for insurance deals to save a few dollars. This can cost first time buyers thousands more than the proper insurance if something goes wrong.

2. Not including the proper escape clauses in the initial contract. If you are not careful you could lose your deposit if things go wrong. A Barrie Realtor can assist you in preparing an offer and make sure that all the proper clauses are used to protect you.

3. Making a big purchase just before or during a mortgage application. This can be a big mistake since it may be reflected in your credit score.

3. Failure to have a proper inspection done prior to the purchase. Missing a serious problem with the house can cost thousands in the long run. Make sure to have the property fully inspected by a licensed Barrie home inspector during the condition period of your purchase.

5. Not taking care of your credit score. This is a very common mistake amongst first time homebuyers and can make a very significant difference to the interest rate you are charged. Visit a mortgage specialist before you start your home search to find out what you qualify for and to make sure your credit and finances are in a good standing position to purchase a home.

6. Not using a real estate agent. Many people make the mistake of not working with an experienced Barrie real estate professional on your side. You can count on having problems if you try to make a purchase on your own. It isn’t worth the risk of operating without an agent since you are dealing with thousands of dollars in one transaction. A licensed Realtor can provide advice, assist in offer preparation, refer you to other professionals in the business that you will need to complete your real estate transaction and be there to guide you every step of the way.

These mistakes can be very costly over time and it is worth the effort to make sure that you don’t make them as well. Contact The Hocking Homes Team at Keller Williams Experience Realty for more information about home sales and making a proper purchase in Barrie. We are certainly here to offer our opinions and advice to Barrie Buyers at anytime. Contact us by phone 705-252-7939 or by email team@hockinghomes.com.

Filed under: BarrieBarrie Buyers informationDistrictSimcoe County

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