Your Home Sold Guaranteed Realty - Reeds Real Estate

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

Buying a home in Suffolk, VA

Buying a home in Suffolk is a big decision. As your most valuable asset, you’ll want to make sure that every “i” is dotted and every “t” is crossed during your purchase. One way to do that is to be aware of common homebuyer mistakes.

Being on the lookout for common mistakes can make all the difference when buying a home. That’s why at Your Home Sold Guaranteed Realty – Reeds Real Estate we’ve created a special free report that details 6 common mistakes homebuyers make and actionable steps you can take to avoid making the same mistakes. 

If you’re interested in buying a home in Suffolk, beware of these common mistakes that could cost you thousands of dollars and waste valuable time. For a full list of common mistakes, simply 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 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 Suffolk, 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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