Home buying mistakes to avoid.  Common real estate buying mistakes


For most of us the home buying is the largest investment and liability we will ever make, so here are some home buying mistakes to avoid. If you consider the size of loan (mortgage loan) you will be committed to pay back and the effort of finding the home you like, there is a lot involved.  If you are lucky enough to narrow your home search, negotiate an acceptable price  and enter a contract agreement, you have entered the "danger zone".  If you already prepared yourself prior to those steps using this How To Save On Home Buying, here is a short list of items to be aware of.


Home Inspection

Never skip or wave a home inspection.  A professional home inspection service will provide you with all the "good, bad and ugly".  There are so many hidden and unforeseen conditions that your inspection report will provide you, here are some:

  • Roof age and condition, are there any current or prior leaks which caused damage to roof structure such as decking or beams.  Even the smallest leaks or drips can cause wood rot, mold and weakened structure.
  • Mechanical (Electrical, Plumbing and HVAC) inspection will allow you to seek the comfort knowing that you will not need a new AC unit, Water Heater or Plumbing for years to come.  If those items have aged and are past their life expectancies, you should reconsider your offer or account for additional funds for repairs after closing. Electrical that is not up to code or that which uses aluminum wiring may cause insurance companies to drop or refuse coverage on your home.

If you are buying a "fixer upper" the above is even more important and as the cost of improving the home may exceed your funds.



Be sure to review a current survey of the property to insure that what you think you are buying is actually what you will be entitled to after closing.  Sometimes walking the property is deceiving or there maybe easements with restriction that may cause you to change your mind.


Neighbors & Neighborhood

Often buyers regret their purchase when learning about the neighbor or neighborhood.  You just never know who lives next door, remember this movie?  https://youtu.be/4zEUuzj3a2g 



Do living in the home provide you all the amenities you need both short term and long term, here are some amenities to consider:

  • Conveniences such as grocery store, gas station, pharmacy
  • Services such as medical, dental and healthy & beauty
  • Social & Entertainment such as restaurants, movie theater, library, musem, parks
  • Schools & Education such as public school or a college  


Unless your new home gets the check marks for the above, chances are you will be ready to move again shortly after.  You should also consider seeking the help of a local real estate agent, realtors typically can help your with resources and advise you on the neighborhood and nearby amenities.  If you doute the value a realtor or agent can provide we suggest you read Benefits Of Real Estate Agent