6 mistakes homebuyers make when buying a home
1 – Know your credit score – The lower your score, the more it will cost to borrow money from the bank.
2 – Buy a car before you buy a house – Purchasing a car or other big ticket item can affect your credit score.
3 – Skimping on a home inspection – Never buy a home without a home inspection! You want to know what kind of costs you may be facing.
4 – Not hiring an attorney – Hiring an attorney to make sure your interests are protected is always a good idea.
5 – No contingencies – As a buyer you always want to keep your options open in case costs of repairs exceed more than you can afford.
6 – Not budgeting for insurance – You should know how much and what kind of coverage you may need. It is also a good idea to find out what is not covered.
Source: CNNMoney.com
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