Professional real estate agents have extensive experience navigating the home-buying process and are all too familiar with the most common homebuyer mistakes. For example, home buyers who make these mistakes may face extensive unexpected repairs or learn they’ve overpaid, meaning they’re paying more for the mortgage than they should be and have less equity available to pull out of the home if needed. They may also experience difficulty selling down the road and recouping the investment.
Neglecting to perform due diligence before signing a contract can have devastating financial, legal, or personal consequences. To help, we’ve gathered their expertise to guide buyers and help them avoid these pitfalls. Read on as we explore five homebuyer mistakes we often see in Oklahoma City.
Window Shopping
The first in our list of homebuyer mistakes we often see in Oklahoma City is not going window shopping before you’re ready to buy. Looking at properties can help you understand what you want in your home and what you can afford. However, you must remember that you are only looking so you don’t get your heart set on a property that may sell before you buy. At Kelly Kingston Homes, our real estate agents
No Pre-Approval
Among the top homebuyer mistakes we often see in Oklahoma City are buyers who bypass a pre-approval, only to learn their dream home is out of their budget. Pre-approval provides buyers with an accurate financial picture. In addition, sellers often consider multiple offers, so another benefit of going through the pre-approval process is the impression it makes; they will know you’re serious.
Must Haves
A lack of focus on what features and amenities will best meet their needs is another of the homebuyer mistakes we often see in Oklahoma City. However, by focusing on your priorities and clearly understanding your expectations from your next home, you can zero in on properties best suited to your needs. For example, more buyers are looking for remote work or school space and larger backyards with more recreational features for a home-centered lifestyle.
Rushing the Process
Yet another of the homebuyer mistakes we often see in Oklahoma City is hurrying the process. While your excitement is understandable, comparing and exploring all available options is vital. Slowing down and taking your time will help ensure you’ll be happy in your new home for years.
Emotional Decisions
And lastly, among the homebuyer mistakes we often see in Oklahoma City are buyers who decide based on their gut instinct or a good feeling about the property. Due diligence means taking steps to verify the soundness of the structure and understand the potential for the property to hold its value and increase in value over time.
When making such a significant investment, it’s advisable to seek the input of experts, like the real estate agents at Kelly Kingston Homes. Working with top professional real estate agents like those at Kelly Kingston Homes gives you access to the best houses available on the Oklahoma City real estate market while avoiding costly, time-consuming, and possible legal issues arising from these common homebuyer mistakes. At Kelly Kingston Homes, our real estate agents stay on top of the market factors that influence property values, with a mid and long-term overview of all the aspects of a property that add up to the property appreciating over time, increasing your equity.
The highly seasoned agents at Kelly Kingston Homes can help you pinpoint your priorities and target the perfect home. And don’t forget to ask about the current inventory at Kelly Kingston Homes of the best homes available in Oklahoma City, and let us help you get started. Our goal is to help you find a great deal. Contact Kelly Kingston Homes at (405) 521-1817.