Oleg
Potiomkin (RA) Coldwell Banker Pacific Properties
Tel:
(808) 398-9987 Fax: (808) 949-6862 Email:
oleg@hawaii-realty.com
The
Seven Most Costly Mistakes Made by Home Buyers
1)
Not getting pre-qualified for a loan before you search for a
home.
Getting pre-qualified
for a loan by a professional lender will let you know in advance
how much mortgage you can afford. This allows you to make an
offer on your home with confidence
funding is available.
2)
Not being honest with your realtor or lender up front about
your credit.
Your credit-- whether
good, bad, or limited--affects everything from
your down payment to interest rates. Your realtor or a professional
mortgage consultant can often advise you
as to how you can get credit problems
cleared up or completely eliminated from your credit report before
you apply for financing or make an offer on your home.
3)
Not negotiating with the owner to provide a home warranty.
A home warranty
can save you thousands of dollars in repairs, and often be obtained
for as little as $350.00 for one year. A typical home warranty
covers the electrical, plumbing
and heating systems as well as major
home appliances.
4)
Not requesting a market analysis of the home, in comparison to
similar homes in the neighborhood
from your realtor before you make
an offer.
A home is not just a
place to live—it’s an investment in
your future. View several homes before you make an offer so you know
what’s available on the market.
Be certain you’re making a wise investment by asking your Realtor
to provide comparable sales of similar homes in the same
neighborhood.
5)
Not inspecting a home before you buy it.
Hire a professional
to inspect every aspect of the
home thoroughly. This can save you thousands of
dollars in costly repairs and hundreds of headaches in the future. A
thorough home inspection can also allow
you to negotiate for any repairs prior to
closing.
6)
Not working with a Professional Buyer’s Agent.
The agent you are
working with does not necessarily work
for you. Unless your agent is working
as your buyer representative, they are working for the seller.
Usually, a buyer agent’s service is
free, since their commission is paid by
the seller or homebuilder. Be sure to select a real estate
professional who has your best interest
at heart.
7)
Not taking into account your present homeowner or renter
status.
If you
already own a home and must sell this home before you buy a new one,
it’s best to get a realtor to do a
complete market analysis on your present
home. This allows you to know how much you can sell your
current home for, before you make
an offer on a new one. If you are leasing or renting,
the lease’s expiration date will give you a timetable for your
new purchase.
To avoid making these
costly mistakes, call me today, at
808-398-9987 for a free consultation. I look forward to helping you
become a satisfied homeowner.
I invite you to browse through my
Hawaii real estate site and feel free to call me anytime at (808) 398-9987 or email me with any questions you may have about buying or selling real estate in beautiful Hawaii. I look forward to hearing from you and helping you with your all Hawaii real estate needs.
Your Hawaii
Luxury Real Estate Specialist
Oleg
Potiomkin (RA) Coldwell Banker Pacific Properties
1909 Ala Wai
Boulevard, #C-2,
Honolulu, Hawaii 96815 USA
Direct: (808) 398-9987 Fax:
(808) 949-6862 Email: oleg@hawaii-realty.com
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