Your Home Sold Guaranteed Realty - Reeds Real Estate

Realtor Tips: Avoid 6 Mistakes When Buying a Home in Norfolk, VA

Buying a home in Norfolk is an exciting time that is full of possibilities. As exciting as buying a new home can be, it takes careful planning and execution to make sure the transaction goes smoothly. 

One reason buying a home in Norfolk doesn’t go smoothly is because homebuyers repeat common mistakes that cost them time and money. To help you avoid these common mistakes, we’ve created a free special report that outlines 6 common homebuyer mistakes. We include actionable steps you can take to avoid these mistakes to ensure that your home buying journey goes off without a hitch. With Your Home Sold Guaranteed Realty – Reeds Real Estate by your side you don’t have to worry about making mistakes – just memories in your new home!

Here are just a couple of the common mistakes you should avoid. For a full list, complete the form below. 

Not Getting Pre-approved for a Mortgage

One common mistake is not getting preapproved for a mortgage before you begin house hunting. Even better than verbal preapproval, you can get a written preapproval from the bank that includes your credit application and a certificate that guarantees the amount you are qualified for. 

When multiple homebuyers submit an offer on the same home, all other things being equal, the homebuyer with pre-approval will be chosen. A written preapproval is like money in the bank while an offer conditional on financing is a gamble. 

Having a mortgage pre approval gives you peace of mind when shopping for a home. Plus, the preapproval process is fast, easy and free.

Not Setting a Workable Budget

Another common mistake is not knowing what dollar amount you are comfortable with paying. Instead of setting your budget by what you qualify for, assess your finances to set a budget you are comfortable with. That number may be higher or lower than what you are qualified for. 

Not only will this save you headaches down the road, but it will also save you time by not viewing properties outside of your price range. 

Buy a Home Today with Your Home Sold Guaranteed Realty – Reeds Real Estate

If you’re buying a home in Norfolk, let us help you get a great deal on your dream home. To get started today, call us at (757) 799-4824, contact us here, or fill out the form below to request access to our free special report.

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