Your Home Sold Guaranteed Realty - Reeds Real Estate

Realtor Tips: Avoid 6 Mistakes When Buying a Home in Portsmouth

Buying a home in Portsmouth, VA

Are you buying a home in Portsmouth but aren’t sure which mistakes to avoid?

Every year, thousands of homebuyers just like you make the same mistakes over and over again when buying a home in Portsmouth. These mistakes can cost you time and money, as well as headaches down the road. 

That’s why Your Home Sold Guaranteed Realty – Reeds Real Estate has created a free special report that details 6 common mistakes homeowners make. Armed with this list, you’ll be able to make the right decisions when purchasing a home and avoid costly mistakes. We’ve included simple, effective and actionable steps you can take to make sure your home buying experience is a success. With our list, you can start making memories – not mistakes – when buying your next home. 

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

Not Saving Time and Money With a Mortgage Pre Approval 

One common mistake is not getting pre-approved for a mortgage before you begin house hunting. Even better than verbal pre-approval, you can get a written pre-approval 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 pre-approval 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 Portsmouth, 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.

Request your copy of this report here.

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