Mistakes to Avoid When Buying Property Today

Homebuyers today face a unique set of challenges trying to navigate the ever-fluctuating conditions of mortgage rates. Here are some important aspects to keep in mind while you pursue your search: 

  • Trying to time the market. Waiting for the perfect moment and delaying a purchase can mean missing out on opportunities to build equity. 
  • Focusing only on mortgage payments. Besides the mortgage payments, remember to factor in other expenses, like insurance, taxes, and maintenance costs. 
  • Buying rushed or sight unseen. Take the time to assess properties carefully before deciding. 
  • Falling in love with a house you can’t afford. Stay within your budget to avoid financial strain and ensure a sustainable investment. 
  • Not securing a mortgage pre-approval. Get pre-approved to establish a realistic budget and strengthen your negotiating power. 
  • Assuming you can’t afford a new-construction home. Explore all options before ruling out new builds. 
  • Waiving inspections or thinking ‘I can fix that’. Consider all options, including what if you spent the money up front? It’s important to realistically assess renovation projects. 
  • Failing to understand the Seller’s motivation for listing. Look for clues and talk with your experience real estate agent to see where you could leverage opportunities to secure a favorable deal. 

Best,   

Ken & Ari Walker - Your Direct Private Money Source   

  

Husband & Wife Team   

Phone: 707-708-0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401  
Ken: CA DRE Broker #01858042 / NMLS #1221130  
Ari: CA DRE #01858152 / NMLS #2170867  

Bio: Ken & Ari are a husband & wife team with over 30 years of combined real estate and private money lending experience.   They like working with buyers & borrowers, as well as directly with other licensed individuals who have clients in need of fast & alternative financing, and who can benefit from Private Money mortgages. (Qualify for our financing despite DTI ratios, credit score, property condition, difficult to prove income, etc. on purchases and refinances for owner occupied & investment properties.) 

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