We have now covered 6 of the Mistakes Buyers make when Purchasing a Home. Making and offer without being pre-qualified, Not having a home inspection, Limiting Searches to Open Houses, ads and the Internet, Choosing the right Real Estate Agent,Thinking there is only One Perfect House and Not Considering Long term needs. Today we will discuss a couple of more.
7. Not examining insurance needs: Purchasing adequate insurance is a must. Advice from your insurance agent can help determine what type of coverage is needed and they can help determine replacement value so you are not at a loss in the event something happens.
8. Not Buying a Home protection Plan: This is essentially a mini insurance plan that lasts one year from the closing date. It usually covers basic repairs you may encounter such as heating and air conditioning systems, plumbing and electrical issues. Your Realtor can help you determine the best plan available and the cost is minimal.
We will cover the final two Mistakes in our next post. If you have any questions on these let me know. Thanks
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