What not to do when searching for your next home!!

Have you been preapproved and are ready to start looking at properties? In this video, I’m going to walk you through what not to do during your home search. We’ll look at six main things to avoid so you can find the right house for you.

Don’t Fall In Love With The House 

Doing this day in and day out, I have seen hundreds of loans—many of which have hiccups along the way. However, the problem is almost always traced back to one of these six things. The first one is don’t fall in love with the house. 

Of course, you want to love your home. However, allowing your feelings to overcome a rational decision is a mistake that you do not want to make. You want to look through several homes before settling on one of them. Even if you end up picking the first home you found, you’re going to know that you made the right decision. 

Be aware of seller’s agents playing into your emotions to sell you on the home. Remember, that’s why they get paid the big bucks.

Don’t Lose Control

Number two, don’t lose control. It’s your home and you need to make the decisions. Your family and friends are going to have opinions, and the real estate agent may persuade you to buy the home they’re representing. But ultimately, it is your decision alone. 

You also want to pick an agent and a brokerage that suits your personality to avoid unnecessary conflicts. Don’t forget, you’re the one making that mortgage payment and nobody else. 

Don’t Be Indecisive

Number three, don’t be indecisive. Making concrete decisions is inevitable, but if you’re having problems deciding, take into considerations why you’re having reservations. Evaluate what is most important to you. 

Bad Timing

Number four is bad timing. Is it the right time for you to purchase a home? When you’re ready, you are going to know. If you can’t decide on a budget, a location, or what you want in a home, maybe you’re not ready right now. 

That’s okay. Take your time. Consult with a financial advisor, mortgage lender, and your realtor—and then move forward when you are ready. 

Don’t Use Your Credit

Number five, please do not use your credit for anything when you are shopping for our home. If you open a new credit for a car, a lawnmower, or a student loan, this affects how much you can afford on your new mortgage. This alone can knock you out of qualifying for a loan.

Don’t even allow somebody else to pull your credit report, as your credit report does get monitored the entire time that you are shopping for a house. 

Don’t Change Your Job

Number six, do not change your job. I know this seems like common sense, but don’t change your job or how you get paid without talking to your mortgage advisor first. We are using your income from your current job to qualify you for your new home. 

If you change your job, quit your job, or change how you’re getting paid, we may not be able to use any of your income. You then suddenly may not qualify for your new mortgage. I don’t care how much you hate your boss or how much you hate your job; change it after you close on your home. 

Finding The Right Property

I hope this helped answer some of the common things we tell you not to do during your home search. Regardless of what kind of property you’re purchasing, knowing what not to do is the most important part of your home search.

It’s never too early to begin getting your finances in order. So whether you’re buying a house next month or six months from now, feel free to reach out to me or my team and we’ll walk you through the home buying process. We would love to help you get your foot in the door of your new home. 

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