1. Not asking enough questions.
When home buyers don't ask their lender enough questions, they miss out on the best deal. In order to get the most out of the lending process, ask your lender...
2. Hesitating to decide.
It can be tough to decide on a home when there are so many factors to think about; However, when a home buyer hesitates to make a decision, someone else could buy the house they are looking to buy. Act fast by knowing exactly what you want in a home and how much home you can afford.
3. Choosing the wrong agent.
The best real estate agent for any home buyer is one who will be willing to help them through the home buying process, from beginning to end. If your agent is not educating you on the home buying process, even before you sign a brokerage agreement, he or she is probably not the best agent for for you.
4. Submitting unappealing offers.
A seller may receive multiple offers from many different buyers, so when submitting an offer it is important to add some sort of incentive that would to make your offer stand out amongst the rest. Try raising the offer price or including closing costs in your offer to bag the deal.
5. Not thinking about resale before buying.
The average home buyer only stays in a home for four years. During this period, most have some equity that can be applied to the purchase of a new home. Look into selling your existing home before buying another.
Lisa W. Jefferson is a Georgia Real Estate Broker with 20 years of experience under her belt. She is "blessed to be a blessing" and dedicated to helping the community stay educated on home buying, home selling, and investing. You can get the guide Take Charge! Buying & Selling Real Estate.