Luis Cano's Monterey County Real Estate Blog

MISTAKE NO. 8 … Not having a home inspection.

HERE’S HOW TO AVOID IT… Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.

MISTAKE NO. 3  Not knowing the cost involved.

 HERE’S HOW TO AVOID IT  …  Early in the buying process, ask your real estate agent or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered. Pre-pay responsibilities such as homeowner’s association fees and insurance must also be taken into account.                                                                                                                                                                                                                         

Remember to examine your settlement statement prior to closing.

MISTAKE NUMBER 2. Making an offer on a home without being pre-qualified.

HERE’S HOW TO AVOID IT. Pre-qualification will make your life easier-take the time to talk with yor bank or mortgage representatives. Their specific questions with regard to income, debt and other factors will help you determine the price range that you can afford. It is one of the most important steps on the path to home ownership.

There are several steps to take prior to listing your home that will make the transaction smoother and quicker. 

STEP ONE. Hire a real estate agent. It may be tempting to list your home on your own to avoid paying a sales commission, but selling your own home is a full time job itself, A real estate professional represents the best opportunity to earn the maximum amount from your home’s sale. An agent will recommend the best listing price, market your home effectively and show your home to buyers. An agent also recognizes what buyers are looking for in a new home.

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• Average Cost of a Real Estate Agent (brighthub.com)