Welcome back to another episode of Suburban Snacks, your ultimate destination for bite-sized insights on all things real estate. I’m Cheri, and today we’re talking about the biggest mistakes buyers are making in today’s market. And I’ll also be giving my reactions to our new treat!
Buying a home is challenging with higher mortgage rates, rising prices, and limited supply. Here are some common pitfalls to avoid:
First, don’t put off pre-approval. It’s essential to know what you can afford before house hunting. If you wait to get preapproved until the last minute, you might miss the opportunity to put a bid on a home.
Next, don’t hold out for perfection. Limited inventory means you might need to compromise. Holding out for the perfect home can prolong the process or lead to paying more. Look for a home with most of your must-haves and potential for improvements down the line.
Avoid buying more house than you can afford. Focus on what monthly payment you can afford rather than the maximum loan amount you qualify for. Just because you can get a big loan doesn’t mean you should. Stay within a comfortable budget.
Lastly, work with a local real estate agent, like us. Attempting to buy a home without an agent makes the process more difficult. An agent provides legal guidance, market expertise, and support. Having a pro on your side can make all the difference.
All of these mistakes can cost you time, frustration, and money. Connect with us to help you avoid these missteps!
Now it’s time to review our snack!
That’s all for today’s “Suburban Snack”! If you found this video helpful, like, subscribe, and hit the notification bell. Are you ready to start your homebuying journey? Give us a call. Thanks for watching, and happy house hunting!
CONTACT SUBURBAN REAL ESTATE GROUP about Buying, Selling, Investing, And Renting Real Estate in Southern Arizona, or Contact them about Becoming A Real Estate Agent:
▻ CALL: 520-232-3888
(Please leave a message if there is no answer; we will respond quickly).
▻ EMAIL: office@suburbgroup.com
