In today’s blog, our Los Feliz Buyers Agents talk about the top 5 Los Feliz homebuyer mistakes and how to avoid them. We’re sure you’ll agree with me when it’s time for you to embark on the path of home ownership, the best recommendation is to offer what you can expect about the process so you know what to expect along the way from an experienced local Los Feliz Real Estate Agent.
Clearly Understand Your Credit
Our Los Feliz Real Estate Agents say not knowing your past credit history, your current credit score or how to make your credit score better is a big mistake homebuyer should make. Our Los Feliz Realtors suggest that you speak with a local mortgage broker or banker about how your credit score to help you determine your mortgage rate.
Get A Pre-Approval
Our Los Feliz Real Estate Agents say a pre-approval should be the very first thing on your list as a homebuyer. Not only will a pre-approval display to home sellers that you are a serious buyer, but you will know how many homes you can actually afford.
Hire A Professional Los Feliz Buyer’s Agent
A reputable Los Feliz Buyer’s Agent represents you, the buyer and NOT necessarily the seller. This is typically in your best interest as a homebuyer because we are working specifically for you, so there won’t be a disagreement with the interest.
Look Around For A Mortgage
Not all mortgages are created equally, or mortgage brokers for that matter! Our Los Feliz Buyers Agents say even a difference of a quarter percent can end up costing you thousands more over the life of the loan.
Get A Professional Home Inspection Completed
One of the most general mistakes homebuyers make is foregoing the home inspection – which is a part of the physical contingency period. Ultimately, you need the inspection to uncover hidden defects that a professional is trained to seek out.
Our Los Feliz Realtors suggest that you never advise our clients to waive this contingency unless they’re planning to tear down the structure and build from the ground up or are doing a seriously deep rehab.