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Despite the fact that home ownership is down a bit as a result of recession, many people are still considering it as a core component. With that said, here are some tips that can help you steer clear of the common errors when buying a house. 

Tip number 1. Make an honest budget - one reason why there are increasing cases of foreclosures during housing crisis is that, there are millions of buyers who have bought homes for sale that they can't afford to pay. To be able to avoid getting over your head, it will be ideal to shop for homes that are based on your budget than the maximum amount you are allowed to borrow from bank. 

Tip number 2. Work with the pros - well as tempting as it might be to cut corners to save some cash, it may come back to bite you down the road. Real estate agents, property lawyers and house inspectors are invaluable service throughout the stage of home buying procedure. Just be sure that they are not representing the seller as well or you may have conflicting interests. 

Tip number 3. Be open for negotiations - believe it or not, many sellers are actually willing to go lower than the asking price for their homes for sale. Placing bids through your real estate agent is totally acceptable but, you must not be swayed by their advice. Keep in mind that your agent will receive a commission from the transaction or in other words, he or she is incentivized to get the deal done ASAP. Don't feel rushed or pressured to send him or her back to negotiate if you believe that you can still get a better pricing. Check it out! 

Tip number 4. Expect for a long search - another typical error that first time buyers make is planning the schedule according on the anticipated house purchase. They may for instance tell the landlord that they are going to move out in 3 or 4 months time. Then when they have not finished their hunt in the given timeframe, they then find themselves without any place to stay. Try to avoid this at all costs by not putting restrictions to your time while searching. To understand more about real estate, visit http://www.huffingtonpost.com/news/homes-for-sale/. 

 

Tip number 5. Work with a realtor - there are roughly 90 percent of buyers who are using the help of a real estate agent to help them find properties that meet their specific requirements, which is totally fine actually. Visit our homepage if you have questions.