Don't make these mistakes!!


 Costly Mistake #1: Thinking
you can't afford it.

Today, buying the home of your dreams is easier than ever before.

Many people who thought that buying the home they wanted was simply out of

their reach are now enjoying a new lifestyle in their very own new home.

Buying a home is the smartest financial decision you will ever make. In fact,
most American and Canadian home owners would be financially broke at retirement
if it weren't for one saving grace - the equity in their home. Furthermore,
mortgage rates are more flexible today than ever and tax allowances favor home

Real estate values have always risen steadily. Of course there are peaks and
valleys, but the long term the trend is a consistent increase. This means that
every month when you make a mortgage payment the amount that you owe on the
home goes down and the value typically increases. This owe less-worth more
situation is called equity build-up and is the reason you can't afford not to

Even if you have little money for a down payment or credit problems, chances
are that you can still buy that new home. It just comes down to knowing the
right strategies, and working with the right people. See below.
 Costly Mistake #2: Not
hiring a buyer's agent to represent you.

Buying property is a complex and stressful task. In fact, it is often the biggest single

investment you will make in your lifetime. At the same time, real estate transactions

have become increasingly complicated. New technology, laws, procedures and
competition from other buyers require buyer agents to perform at an
ever-increasing level of professionalism. For many homebuyers, the process
turns into a terrible, stressful ordeal. In addition, making the wrong
decisions can end up costing you thousands of dollars. It does not have to be
this way!

Work with a buyer's agent who has a keen understanding of the real estate
business and who is on your side. Buyer's agents have a fiduciary duty to you.
That means they are loyal to only you and are obligated to look out for your
best interests. Buyer's agents can help you find the best home, the best lender
and the best inspector. Best of all, in most cases, the buyer's agent is paid
out of the seller's commission, even though he/she works for you.

Trying to buy a home without an agent at all is, well... unthinkable.
 Costly Mistake #3: Getting
a cheap inspection.

Buying a home is probably
the most expensive purchase you will ever make. This is no time to shop for a
cheap inspection. The cost of a home inspection is very small relative to the
home being inspected. The additional cost of hiring a certified inspector is
almost insignificant. As a homebuyer, you have recently been crunching the
numbers, negotiating offers, adding up closing costs, shopping for mortgages
and trying to get the best deals. Do not stop now. Do not let your real estate
agent, a patty-cake inspector or anyone else talk you into skimping here.

InterNACHI front-ends its membership requirements. InterNACHI turns down more
than 1/2 the inspectors who want to join because they can't fulfill the membership

InterNACHI certified inspectors perform the best inspections by far. InterNACHI
certified inspectors earn their fees many times over. They do more, they
deserve more, and yes they generally charge a little more. Do yourself a
favor...and pay a little more for the quality inspection you deserve.

Copyright 2005 National Association of Certified Home Inspectors

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