1.  Not getting Pre-Approved first
 
Pre-qualification is simply guesswork. Until you have met with a lender, had your credit analyzed and given them the required documentation, you are not ready to look for your new home. If you are PRE-APPROVED, you are as good as a cash buyer. This places you in a position of strength when negotiating with the seller. Sellers and their agents know that a pre-approved buyer is serious and has the ability  to close.

2.  Calling REALTORS from house ads or yard signs

Think of it like this: Would you talk to the apposing lawyer in a large legal case by yourself? Most likely, you would not. But consumers make this mistake daily. The agent with the sign in the yard represents the seller and their job and legal responsibility is to get the seller the best possible deal. When you call the listing agent EVERYTHING you say can and will be used against you during the negotiation. It is irrelevant to the listing agent if you can afford the home.  Their job is to sell it to you. In fact, they will most likely have some "special" loan that gets you in the property, even if it is bad for you in the long run.

 Myth #1 "I can save money by calling the listing agent directly3; that way they don´t have to pay my REALTOR." 

 Fact:  The total commission paid was negotiated and put in writing long before the buyers ever arrived. This contract is binding and the buyer CAN NOT negotiate a lower commission paid.

---

3.  Visiting Open Houses

Simply put, driving around and looking at open houses is a waste of your time. Only a small fraction of homes for sale ever have an "Open House." Typically, the open house is held after the third week on the market. Why? Because a lot of homes sell in the first thirty days. Agents want to make sure they are not going to have a quick sale before they hold their listings open.  So, you are limiting the homes you have access to when you look for opens. Typically, homes held open are the slow sellers. If you are looking to buy a new home, don´t you want the opportunity to see the nicest homes available?

A home can look nice but have hidden problems. A certified,  trained home inspector will conduct an  extremely  thorough     inspection of the home.  They are going to check out things such as plumbing, electrical systems, heating and cooling   systems, roofing, structure, windows and more. The time to learn your home needs a new roof is not after you move in! Have the home inspected and don´t let your cousin Freddy who knows a lot about houses... conduct the inspection.  Do your research and hire someone with the proper credentials.  We recommend ASHI, NACHI or NAHI certifications.

  Not buying a home protection plan

A home protection plan is like a warranty on your home. It covers most major systems in your new home. It is important to note that once you sign the settlement papers, the home is yours3; along with the responsibility if something breaks.  A home protection plan is very affordable and will most likely pay for itself with the first service call. Your buyer´s agent may even be able to get the seller to buy the warranty for you! There are several different companies and plans that offer home warranties.

---