3 Common Mistakes When Buying a Home in Prairieville, Louisiana
Looking to buy a home in Prairieville, Louisiana? You're not alone! The market is booming right now and there are plenty of great homes available. However, if you're not careful, you could end up making some common mistakes in the home buying process. Let's discuss each of these mistakes in detail and provide some tips on how to avoid them.
Starting Home-Hunting Without Getting Pre-Approved for Mortgage
The first and most common mistake people make is starting to look for a home without getting pre-approved for a mortgage. Getting pre-approved will give you an idea of how much you can realistically afford to spend on a home, and it will also show sellers that you’re serious about buying.
If you’re not pre-approved, you may end up falling in love with a home that you can not afford, or you may waste time looking at homes that are out of your price range. To avoid this mistake, make sure to get pre-approved for a mortgage before starting your home search!
Buying a Home Without It Being Inspected
Another common mistake people make is buying a home without getting it inspected first. Just because a home looks perfect on the surface does not mean that no major problems lurk beneath.
It’s vital to have a professional home inspector look at the property before buying it to avoid any costly surprises. The cost of a home inspection ranges between $300 to $450, so it’s really a small price to pay for peace of mind. Often, home inspections show if there are problems that need to be fixed, and the sellers are then obligated to do so or offer a price reduction.
Not Negotiating the Home Price
Many home buyers are afraid to negotiate about the price of a home for fear that they will offend the sellers or lose the deal entirely. However, in most cases, the sellers expect buyers to negotiate and will be open to haggling about the price. A good rule of thumb is to offer 5-10% lower than the asking price. You can also negotiate the price based on comparable homes sold in the area. The key is to do your research beforehand and have a realistic idea of what the home is worth. This way, you can make a strong offer without offending the seller. Remember, the goal is to get the best deal possible on your new home - and the best way to do that is to partner with an experienced real estate agent.
Buying a Home in Prairieville, Louisiana?
If you're in the market for a new home, avoid making these common mistakes, and you'll be sure to have a smooth and successful transaction. And if you need help in looking for the perfect home to buy in Prairieville, contact us today at 225-304-6363!