Prevent buyer’s remorse and score the best deal possible on a new home with these expert tips.
To prevent that, before you do anything, get pre-approved for a mortgage.
And while a bank will usually pre-approve you for a higher amount, you dont want to overextend yourself.
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Be realistic about what you’ve got the option to actually afford.
You’re a stronger buyer if you’re already pre-approved when you make an offer on a house.
“And we can give valuable insights into the neighborhoods youre looking at.”
An added bonus: Sometimes real estate agents have access to a propertybeforeit goes on the market.
As Rigione points out: “Youre going to be spending a lot of time together throughout the process!
Not Making an Informed Offer
A common home-buying mistake is letting your emotions dictate the offer.
Ultimately the price should reflect the market value of the home.
The ideal negotiation is when the buyer and seller both feel like theyve won,” says Rigione.
This first scenario is finding a house updated with beautiful finishes, fixtures, and decor.
We call it eye candy, explains Ihlefeld.
That can lead to buyers remorse and feeling like you didnt get the best deal.
Weve seen deals fall apart from something as small as a missing light fixture!
Speak to an experienced loan officer who’ll find the best rates and mortgage products.
Your credit score gets dinged when you open a new line of credit.
“It can even delay your closing.
Once youve closed on the house, then make your next buying decision.”
