4 Common Mistakes Homebuyers Can Avoid

Buying a house is a very demanding process. Although you can hire various advisers like real estate agents, lawyers, attorneys and mortgage brokers you have to do a lot of work by yourself. Get the most out of your money with these home buying tips.

1.    Avoid Border Dispute

Even though you can check the land records in the county’s records department it is better to carry out a professional survey of the property you are buying. Dream Equities is one of the leading real estate firms in California who insists that it’s clients should get a survey done on the property, it’s the best way to know what you are buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up. Further it will prove helpful when you go for resale.

2.    Timing Property Market is a Myth

The property market is cyclic, it goes up and then it goes down. Trying to anticipate housing market is simply impossible, even expert firms like Dream Equities face difficulties in doing so. So don’t obsess with trying to time the market, chances are you will lose precious time because there is no best time to buy a house.

3.    Sleeper Costs Can Slap Your Budget

Sleeper cost is the difference between renting and home ownership. Buying a property comes with baggage, you will need to pay property tax, car tax, parking tax, home owner association tax/fee, repairs and maintenance and utilities. New home buyers mostly think only about their mortgage payment, you need to plan a separate budget for sleeper costs. If you don’t, you will lose your house.

4.    Don’t Be Emotional

There is no such thing as a perfect house so stop looking for one. The truth is you can only try to get the best out of your budget so select the best property from your list that suits your budget. Dream Equities always advises its clients not to get emotionally involved in a property while buying it. You need to go with your instincts and not your emotions because only instincts can tell you if you are getting a great house for good value.