Monique Hailer your Southern Maryland Realtor The Best of Southern Maryland!
Monique Hailer

Avoid The Most Common Buyer Errors

 

CENTURY 21 New Millennium Ranked #1 Real Estate Company in The Nation!

 

Buying Southern Maryland  Homes?
When there are a lot of homes for sale and it takes a long time to sell them, that's a "buyer's market." In most of the country, that's the current situation, even though it's a buyers market finding the perfect new, golf course and gated communities, condos, land, vacation homes, investment property, foreclosures, bank owned property, etc., in Calvert County and surrounding areas in Maryland can sometimes be a challenge. You will be able to find it here on my website, though. You can make your home search easier by becoming a VIP Buyer. You will receive immediate information on ALL new listings that match your criteria emailed directly to you. Click on "VIP Buyer's Program" now! You'll be able to find all kinds of homes for sale and property listings in Southern Maryland easily as a VIP BUYER. If you need help with military relocation or are looking for waterfront property please let me know.As always, if you have any questions about the real estate market, or finding that perfect home here in Maryland, please let me know!


Shopping for a new home is an emotional experience. It’s also time consuming and  comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:

  • Paying too much
  • Losing a dream home to another buyer
  • Buying the wrong home

When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:

Bidding without sufficient information
What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.

Unclear title
Before you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.

Outdated survey
Before the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.

Shopping without pre-approval
It only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Serving: Southern Maryland, Calvert County - Solomons, Lusby, Cove Point, Saint Leonard, Prince Frederick, Broomes Island, Owings, Huntingtown, Sunderland, Dunkirk, Chesapeake Beach, North Beach, Drum Point, Chesapeake Ranch Estate, Cove Point Woods, Cove Point West, Brian's Way, Harbor Point, Patuxent Point, Long Beach, Dares Beach, White Sands, Drum Point, Chesapeake Ranch Estates, Lusby Commons, Lusby Town Center, Solomons Island Waterfront, Solomons Landing, Harbor Point, St. Mary's County: California,  Hollywood, Leonardtown, Lexington Park, Dameron, Ridge, Piney Point, St. Clements, Hollywood Shores, Hughsville, Mechanicsville, Cedar Point, Wildewood, Hilton Ridge, Cedar Cove, Hunting Quarters, Breton Bay,Charles County: Waldorf, Laplata, Welcome,


 

 

Solomons, MD real estate professionals on ActiveRain.com


Home Buying Errors


Have you made an error when buying a home? Choose the one that best describes your situation...


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