A lot can go wrong when buying a house. Your seller, the lender, the appraiser or your real estate agent could do something to sabotage the purchase of your new home. In today’s home buying market, where demand is high and supply isn’t, you will do well to avoid any mistake to minimize loss.

• Not Having Your Finances Ready When You Make An Offer

If you want a house and you love it, do not waste any more time. A chief executive of a real company says that when you  make your offer, you shouldn’t suggest you pay less than what the homeowner is asking for.

In his own words, he said “In today’s sellers market, we’re often in multiple offer situations, and sellers have little patience for low offers.

• Not Looking At Homes Before You Are Ready To Make An Offer

This is the period of home buying you are window shopping and learning about buying a house. Many Kansas City homebuyers skip this stage. It is recommended that going to open houses as soon as you know you are in need of buying a house, just be aware that even if you like any of the house, you won’t make an offer since you haven’t lined up the financing yet.

By looking at a lot of homes early in the process, it will help you learn what you are looking for and gives you practice evaluating potential homes with some emotional detachment.

• Skipping On Home Inspection

Many real estate agents say this is happening more and more especially in a climate where home buyers are striving to close a deal before anyone else. A realtor said that some buyers want to save a few hundred dollars by not having an inspection done by having their family members who aren’t licensed inspectors do the inspection for them. 

If there are roof leaks you are not aware of, foundation problems, mold issues, etc, an inspector will help you detect these or you will eventually and that is increasing the cost of maintenance.

• Listening To Advice From Family Blindly

Listening to advice from family and friends regarding a house can be a bad move. This is often common with first-timers. They go see 10 homes after eliminating 50 others they’ve seen previously and they go one to invite their family members to see the 10.

Because these family members care about you, any potential problem that they spot, they will share with you. While this is quite admirable, they didn’t look over the 50 other houses which you’ve gone over. They will then base their judgement on the current perspective of their living condition.

• Buying An Expensive House

You should be thinking about not just those monthly mortgage payments but the cost of owning a home. You also need to be thinking about how much it'll set you back when you buy a lawn mower or pay a service to cut your grass. You'll want to keep in mind that when you buy a home, you'll soon be making the owner of a local furniture store very happy