Buying real estate in Indianapolis, IN is a complicated process and if you are new homebuyer it’s easy to get lost in the shuffle. As with anything, there is a learning curve to making smart real estate decisions, but, learning from those mistakes as you go could end up costing you big time. With an Indianapolis, IN real estate agent by your side through the whole process you will make it through just fine. Here are some of suggestions for rookie real estate mistakes to avoid.
Emotions. Don’t bring your emotions to the table when searching for the most expensive item you’ve ever bought. Try not to get emotionally invested in the one and instead find several homes that you love. If you lose one there is always another home.
Not saving enough. Of course you need to save enough money for a down payment, but, do not overlook the other incidental costs such as closing costs and property taxes. Once you move in you are likely to need household essentials too. Many financial planners suggest having 3-6 months of expenses saved up in an emergency fund for the what if’s of homeownership.
Skipping the home inspection. All homes need inspections, even brand new ones. If the home does have issues you will want to know before you own it. Have the current owner fix any issues before you purchase or have them lower the price so you can fix the issues yourself.
Going it alone. When you are ready to start searching for your home it is pivotal you work with a real estate agent dedicated just to you. Don’t go directly to the listing agent who also represents the sellers of the property. Prior to starting your search, contact an experienced Indianapolis, IN real estate agent. We are committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which we can provide you with. We hope to speak with you soon!
Rodney & Amanda Heard
Heard Real Estate Team