There are a ton of mistakes that people make when buying a home. Something that people do maybe an handful of times in their entire life and yet they assume they know what to do. It’s like that for most things
Not getting an inspection
I don’t care, new construction, resale even Mom’s house (buying from family). Get it inspected… the piece of mind alone is worth it. For less than $500 in many cases, you will have a detailed report of what’s wrong with the home even if you’re buying it as is. Even in the case of new construction, it’s worthwhile. Many inspection reports include appliances make and ages.
Not shopping / interviewing
(HUGE!!!) Most buyers choose the first vendor they interact with, whether that’s a real estate agent, attorney, inspector, the list goes on. It’s
Not working with a budget.
If you’ve been renting it makes sense to buy, but a lot of buyers just see what they can get vs what they can afford. It’s very common to see
Not driving the neighborhood
Not driving from the neighborhood to work, or shopping, etc. Nothing worse than buying a dream home only to hate your new commute! Many home buyers think very little about their new commute. Falsely assuming they will adjust to it.
Not interviewing the schools!
This one is HUGE too. Stats only give a small sliver of the school picture. Go and visit the schools, how do they handle visitors, how about how you are treated? Got a question about diversity? Seeing it in person is so much better than just an online survey. Even if you don’t have children, the way a school is run can often give you a glimpse into the future.
Including “advice givers” at the last minute.
This one is common with first-timers. They go see 10 homes (after eliminating 50 on the internet) and then invite the parents or Uncle Joe to see the home. The “advisor” does what they think is in the best interest of the house buyers and tries to protect the buyer and usually slams the home. Unfortunately, they don’t have the education in seeing the other 10 homes or understanding the market. They are basing their decisions on their current perspective of their own living situation and a sample size of 1 house! If you’re going to rely on advice, then make the person go through as much as the process as you can, if not then only rely on that person the percentage of their involvement. Getting your family’s opinion is a great idea, but you know what my Grandpa used to say about opinions… there are a lot like… everyone has one. 😉