Many first time homebuyers will rush into a Bothell real estate purchase without thinking things through and this can end up being disastrous. Without properly assessing the residence or property first you could lose a significant amount of money. It is very common to see homebuyers simply fall in love with a house and purchase it without getting it properly inspected. In some cases the new homeowner may end up being stuck with a house that is beautiful on the outside but failing apart behind the walls.
Here are some of the other common mistakes that many buyers make when purchasing a new Bothell home.
Not finding the right mortgage
Having the right financial institution to back you up financially can save you thousands of dollars over the course of years of payments. Most Bothell homebuyers do not have the means to make a purchase on their own, which means that they will have to obtain a mortgage and pay it off over a certain number of years with interest. Never take the first mortgage offer you encounter. Always compare mortgages from different lenders.
Failure to get the home inspected
This can be a very big mistake for first time and experienced homebuyers alike. Home inspections will reveal the good and the bad aspects of the house. You have to know the state of the Bothell home before putting any money down. There is always the chance that there is underlying structural damage.
You need to learn about the property taxes you are going to have to pay once you own the home. There are a lot of costs involved in owning and maintaining a home and Bothell property tax is one of them. You’ll need to make sure that your budget can accommodate these extras.
These are the common mistakes many people make when searching for Bothell real estate. Take the time to learn about your taxes, get a home inspection done and shop around for the best mortgage. All of these things can end up saving you thousands of dollars in the long run.
For more information about buying or selling a home in Bothell contact Adrian Willanger 206 909-7536
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