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Wednesday, April 22, 2009

Common First Time Buyer Mistakes

#1. Not finding the right person to guide you through the home buying process. A well trained agent will guide you through the process flawlessly and be able to accurately assess your needs finding homes that fit them.

#2. Not checking your credit report and score/getting prequalified.
You need to be prepared should you find the home of your dreams. You have to be pre-approved to be competitive and don’t want to make an offer on a home you cannot afford. Before you choose a lender, visit annualcreditreport.com a free credit report. You can easily dispute errors and don’t have to sign up for a monthly service.

#3. Thinking about resale later. You might find the home of your dreams, but it may not be properly priced or have less than desirable attributes to others. Just because it’s listed as a 3 bedroom, doesn’t necessarily mean that it is. Look to your realtor for guidance.

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