Things To Avoid When Buying Real Estate In Orange County

Are you thinking about buying real estate in Orange County? In our latest post, we offer a few things to avoid when you are buying a house!

Buying a house can be stressful. There are many questions involved, and it can be difficult to know when you have found the right property. There are a few common things many people do when buying that can end up costing a lot of time or money. We can help you avoid these things so you can purchase the property that is right for you! Give us a call to learn more! 949-625-4533

Picking The Wrong Mortgage

You might be shooting to pay only 3.5% down, however, if you can save up the 20% for a conventional loan or even consider buying in cash, you will save yourself a fortune in mortgage and mortgage insurance costs. There are many mortgage options out there. It is important to not only look at what can get you into a house right away, but what your numbers will look like long-term.

Buying From Emotion

The color of the walls in the living room remind you of your Grandma’s house growing up. Or the garden is just so pretty. These aren’t necessarily reasons to buy a house. You will need to separate the emotion from your decision to buy. How does the house look on paper? Are the numbers right? What about repairs? Don’t make an offer on a house purely on the good feeling it gives you. Make sure it is a practical choice as well.

Many sellers rush into a purchase out of desperation. If you have been looking for a house for 8 months and finally find one that is just ok, you might be more tempted to make an offer. Before you do, make sure it is a property you really want and that you would have made the same offer even if it was your first day of home searching.

Choosing An Agent or Lender Blindly

Sure you can look at reviews online, but how do you know those reviews weren’t written by the agent’s friends? Try to speak to people directly who have used your agent or lender. Get the inside scoop on how it is to work with them. Don’t just pick a 4-star agent. Pick someone who you will see eye to eye with too!

Not Exploring Your Options

You don’t have to buy a house off the MLS or hire a buyers agent. There are many ways to buy properties in Orange County. You could choose to buy a house from a professional investor such as H&M Realty Group. When you buy from a professional, you will always know what you are getting. There are many ways to buy, don’t get discouraged if you aren’t finding the right property on the MLS! Explore your options and we will help you find what you have been looking for!

Letting An Agent Talk You Into A Property

As agent gets their commission at the closing. That said, if you don’t close, they don’t get paid. They ultimately want to see you buy a house, sometimes any house so that they are able to put some cash into the bank. Never let an agent talk you into a property. A good agent will present the facts, leaving it up to you whether or not you want to make an offer.

Don’t Wait For The “Perfect” House

There’s honestly no such thing. Yes, you will want to cross off as many things from your “must-have” list as possible, but it isn’t likely you will find your ultimate dream home, at the price you want, at the moment you start looking. Be open-minded, think of possibilities and keep in mind, you can always do some renovations down the road. By dragging your feet, you could miss out on what could be the perfect home.

Put Your Needs First

You heard from your mechanic, that his sister said prices in your neighborhood were going to drop drastically in 6 months. People try to predict, but if you need a house, now is the time to get a house. Not 6 months down the road, when you don’t know what the market will look like. Don’t buy out of future speculation. But because you need a house right now.

Are you ready to buy a property in Orange County? We can help! Send us a message or give us a call today! 949-625-4533

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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