Not Having Their Financials In Order
It’s OK to have fun during the process, but not coming prepared can quickly turn the excitement phase into a panic phase if you don’t have your financials in order.
A pre-approval for your home loan and/or proof of funds letter for the downpayment is one of those golden things that sellers look for to let them know you are serious and not wasting their time.
Always have several versions of your proof-of-funds letter and your pre-approval handy at all times. This will put you above the competition when you find a home that you want to go after.
Not Researching The Neighborhood
Knowing a neighborhood by only listening to what your realtor is telling you, as opposed to actually researching the neighborhood, are night-and-day differences. It’s important for you to actually speak to the locals at “Mom-and-Pop” stores, cafes, restaurants, markets, etc.
Immersing yourself into the neighborhood as a “local” will allow you to catch information that will not be disclosed by your realtor. This will give you a clearer picture of your surroundings.
Always, ALWAYS go back to the neighborhood at nighttime. It amazes me how one neighborhood can be in the …Read More