Littleton Colorado Real Estate

Ready To Buy? Avoid The Most Common, Painful

The home buying process is full of potential pitfalls. Most of those potential pitfalls result from making poor decisions, including: choosing the wrong type of home, the wrong lender, failing to get a thorough inspection and problems with the title. The last two potential problems can cost you a lot of money and grief!

Do not buy without a Realtor®! First, your Realtor® will help navigate you through the entire home buying process and help you avert many of these mistakes. Secondly, the seller pays your Realtor’s® fees. Buying a home through your agent costs you nothing! Now imagine if our other professionals, including accountants, attorneys and doctors, cost us nothing!

Below are the most common mistakes buyers make, which often costs them thousands of dollars and loads of grief:

1. Not Planning Before Purchasing.

Like buying a car, searching for a home can be impulsive and emotional. Don’t let one aspect of the home (its appearance for instance) be the sole factor in your buying decision. Sit down with your Realtor® and map out a strategy. Answer the following questions before you begin searching: 1.) Where do I want to live? Do I want to commute? What areas have the highest price appreciation according to my agent? 2.) How much can I afford? The first thing you should do is have your Realtor® help you get pre-approved. That way, you’ll save yourself a lot of time by not looking at homes you simply cannot afford. Also, how much do you have as a down payment? 3.) What type of home do you want? Be brutally honest with yourself.

The point of this exercise is to make sure you make the best investment and live in the right area. Also, you don’t want to be over-extended with your mortgage payments!

2. Not Identifying Opportunities.

Before you buy a home at or above market value, find out where the “deals” are. Your agent probably knows of several sellers in your market that are selling due to “special circumstances”. Perhaps one seller in the neighborhood you want to live is getting divorced. Maybe another one is being relocated by his or her company and needs to sell fast. How will you know if a seller in the neighborhood lost his job and is willing to sell for thousands below list? Work with your agent on this!

You can call our team of home selling specialists anytime for advice at 1-888-331-7583 ext. 7, and please remember that you are under no obligation or pressure of any kind.

Alice and Steven Pelikant, The Pelikant Group, Keller Williams Executives Realty, LLC

200 W. Plaza Drive, Suite 200, Highlands Ranch, Colorado, 80129

Direct: 1-888-331-7583 ext 7.

e-mail: pelikantrealty@topproducer.com, Web: www.the.pelikantgroup.com