3 Common Home Buyer Mistakes in Apopka FL
Home buying can be a confusing process. It’s impossible to know everything, but that’s why you hire a professional to assist you. However, some mistakes occur long before you actually contact a real estate agent or don’t directly involve your agent or the buying process. If you are thinking about buying a home this year, avoid these 3 common home buyer mistakes in Apopka FL.
Not Checking Your Credit Score
Credit report errors are very common. Unfortunately, it can take months to have them corrected by the 3 major credit bureaus. Don’t wait until you’re ready to buy to learn about any issues with your report. That could lead to unwanted and stressful delays in your home buying plans. If you’re planning to buy at any point in the future, request a free copy of your credit report now at sites like CreditKarma.com. This will give you ample time to review and address any concerns.
Not Getting Pre-approved Before Viewing Homes
Imagine spending months monitoring the market, visiting open houses, and scheduling showings with you real estate agent before you find that perfect home that you absolutely love. And then imagine learning that you can’t actually afford to buy that home. It can be emotionally devastating! Mortgage programs and interest rates are always changing. Contact a local loan officer to determine what programs you qualify for and what price range you can afford. This will make better use of your time and avoid heart break.
Making Big Purchases Before Closing
There is normally a waiting period after you have been fully approved for your mortgage and before the actual closing. Much of this time is spent in anticipation of the big day. You will start packing and planning your move into your new home. If you’re like most buyers, you may start making furniture purchases and other arrangements during this time. This can actually create problems with your closing! Your mortgage approval is based upon your financial situation, including your income and debts. Making big purchases can skew the numbers and disqualify you for the mortgage. Believe it or not, lenders will recheck your credit before closing. So, play it safe and don’t incur any additional debts until after paperwork is signed and you receive the keys to your new home.
More Common Home Buyer Mistakes in Apopka FL
Most common home buyer mistakes in Apopka FL are seemingly simple things that can create big problems. For this reason, it may be a good idea to connect with a real estate agent or loan officer early in the process so that you can be educated on what you should or shouldn’t do. Check with professionals regarding anything that involves your credit report, financial standing, or home purchase plans. This can help thwart potential issues and ensure a much smoother home buying experience. For assistance with your home buying needs, contact our team today!