Mistake #1: Failing to Have a Plan (8 Mistakes Home Buyers Make Series)

(This is the first in the 8 Mistakes Home Buyers Make series.)

There are several mistakes some home buyers make, and some of them are huge!

MISTAKE #1: FAILING TO HAVE A PLAN 

Deciding to buy a home is probably the biggest financial decision you will ever make. It is an exciting decision, but it is serious business, too, and you deserve serious advice.

Zig Ziglar, a famous motivational speaker, once said that people don't plan to fail, they fail to plan. With a game plan, you will eliminate many of the headaches involved in this complicated transaction.

You need a clear plan when deciding to buy a house. Evaluate your current situation. Do you currently own a home? If so, will it be necessary to sell before making another purchase? Are you renting? How much time is left on your lease? Do you and your family plan to use the back yard? What is important about the location of your house? Do you want to live within 10 minutes or one hour from the office?

Make a list of features which are important in your home. Write down desirable locations you would consider, an acceptable price range, number of bedrooms and bathrooms, and any other amenities. Be specific. It is unlikely that you will find a home that offers every feature you desire. However, without a wish list, it will be more difficult to recognize a home which meets your expectations.

Provide your list to your Realtor. Your Realtor will look for homes that match your criteria. This will save you time – you won't need to look at homes that do not fit your needs and desires.

A proper game plan will save you time and reduce the hassle of shopping for a home. Spend a little time in advance and save a lot of time and money in the future!

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