Buying a New Boston Home – Top Mistakes to Avoid

Resorting to a knee jerk reaction when you are looking to buy a new Boston home is surely the last thing you would want to do. Given the amount of money involved and the fact that you might well live in the property for a considerable time period, it is wise to allow yourself enough time and consider all options so you don’t put yourself under undue stress. Here are some of the mistakes you should avoid when buying a new Boston home.

Buying with no home inspection

While a home inspection costs you some money, it is an expense that can help you avoid problems in future. The inspection involves a detailed review of the house’s cooling, electrical, heating and plumbing systems as well as the property’s structural elements. An inspector’s report provides you enough information about the house to decide if it’s worth buying at the advertised price or if you must negotiate with the seller to resolve any issues.

Buying with existing debt burden

Your home buying experience would not be much enjoyable if you are short on emergency funds and carry a great amount of debt. It is better for you to pay back any debt you owe and save up three to six months of expenses in case of emergencies. Ideally, you should buy the property with cash. If that is not an option, you must save up a down payment of at least 10% and make the remaining payment on time.

Buying without a real estate agent

People who are looking to buy a new Boston home often make the mistake of doing everything on their own. Buying a house can be a tough job, especially if you have not had the experience before. A well-qualified and experienced real estate agent has the skills and expertise to guide you through every step of the home purchase experience. It is a significant expense to incur but it definitely helps you avoid any pitfalls along the way.

Let me help! You can get in touch with me for any assistance or advice about buying or selling a home in Greater Boston. Feel free to call me or send me an email or get in touch on Facebook.

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