{"id":11864,"date":"2017-07-13T10:53:36","date_gmt":"2017-07-13T10:53:36","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=11864"},"modified":"2017-07-13T10:53:37","modified_gmt":"2017-07-13T10:53:37","slug":"common-home-buyer-slip-ups","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/common-home-buyer-slip-ups\/","title":{"rendered":"Common Home Buyer Slip-Ups"},"content":{"rendered":"

Common Home Buyer Slip-Ups<\/h1>\n

 <\/p>\n

\"Common<\/a>

Common Home Buyer Slip-Ups<\/p><\/div>\n

Real estate professionals see a lot of dumb reasons why home buyers ultimately end up losing out on a deal. Practitioners recently shared some of the more common mistakes with realtor.com\u00ae, including ways to correct the situation:<\/p>\n

1. Shopping outside their price range.<\/strong><\/p>\n

\u201cIt sounds obvious, but some home buyers just have trouble sticking to a budget,\u201d says Benny Kang, a real estate professional in Irvine, Calif. Shopping online may increase the\u00a0temptation\u00a0to bump up the price range. One way to avoid this situation is to encourage your buyers to\u00a0get preapproved for a loan so they know what they can truly afford and stay within their limits.<\/p>\n

2. Submitting lowball offers in a hot market.<\/strong><\/p>\n

\u201cIf you\u2019re in a seller\u2019s market, making a crazy lowball offer can piss off the seller,\u201d says Kang. Buyers would be smart to offer full price when homes are priced well. Help buyers understand how a comparative market analysis can offer insight into pricing.<\/p>\n

3. Making a big purchase while in escrow.<\/strong><\/p>\n

Buyers often don’t realize they will need to delay big purchases and opening new credit lines while in the process of buying a home.\u00a0\u201cEven buying a fridge can throw off your credit or debt-to-income ratio,\u201d says Kathy Conway, a Philadelphia real estate professional. If a big purchase is made, the mortgage lender\u2019s underwriter will need to re-evaluate the buyer\u2019s finances and recheck her credit report before closing to ensure the buyer still qualifies for the mortgage, so be sure to warn buyers when they’re approaching this period.<\/p>\n

4. Forgetting to budget closing costs.<\/strong><\/p>\n

Buyers don\u2019t just need money for the down payment. There are a lot of extra fees at settlement, too. Buyers can receive an estimate from their mortgage lender of what the closing costs will be before even making an offer on a property. Make sure they review that information carefully. Closing costs can vary drastically but typically cost 2 to 7 percent of the home\u2019s purchase price.<\/p>\n

Source: \u201c8 Dumb Reasons People Can\u2019t Buy a Home,\u201d realtor.com\u00ae (July 11, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Common Home Buyer Slip-Ups   Real estate professionals see a lot of dumb reasons why home buyers ultimately end up losing out on a deal. Practitioners recently shared some of the more common mistakes with realtor.com\u00ae, including ways to correct the situation: 1. Shopping outside their price range. \u201cIt sounds obvious, but some home buyers … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-11864","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nCommon Home Buyer Slip-Ups - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/common-home-buyer-slip-ups\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Common Home Buyer Slip-Ups\",\"datePublished\":\"2017-07-13T10:53:36+00:00\",\"dateModified\":\"2017-07-13T10:53:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/\"},\"wordCount\":365,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/07\\\/07132017.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/common-home-buyer-slip-ups\\\/\",\"name\":\"Common Home Buyer Slip-Ups - 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