5 Home Buying Mistakes To Avoid
Buying a home is a very exciting event, but it unfortunately comes with its fair share of pitfalls. Inexperienced home buyers may fall victim to common mistakes that can create added stress and frustration down the road. If you're getting ready to buy your first home at the Lake of the Ozarks , the team at Gattermeir Davidson Real Estate can help you avoid these pitfalls. Mistake #1: Not Getting Preapproved It's very common for first time home buyers to want to jump straight into touring different homes, before talking to a mortgage lender. When they do this, though, home buyers can get their hearts set on a certain property before they know for sure if they will be able to afford it. Do yourself (and your agent) a favor by getting preapproved for a home loan first so you will only visit homes you know you will be able to realistically consider buying. Mistake #2: Spending Beyond Your Means There can be a big difference between the size of loan you can qualify for and...