Real Estate Minute Blog

Are you looking to sell (and/or buy) a home in or around Mississauga?

Buying a Home & signing papers

5 COSTLY MISTAKES HOME BUYERS MAKE AND HOW TO AVOID THEM

Mistake #1 – Not knowing what they can afford before making an offer. The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free. Mistake #2 – Not knowing who the agent represents. Unless an agent is working as your buyer representative, they represent the seller. Many people don’t realize this. Mistake #3 – Choosing the wrong mortgage. A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage. Mistake #4 – Not finding problems with the home before buying it.

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