Not every mistake in a real estate transaction can be reversed, much less fixed before closing. If buyers goof up and make an innocent mistake, they might very well be stuck with the consequences for a long time or, worse, their deal might not even close. It could fall out of escrow.
Number One Blunder: Refusing to Confide in a Trusted Advisor
You can have confidence in Rogue Sportsman's Realty. Often, people withhold information for a variety of reasons - maybe you are afriad of how you'll be perceived or don't feel like your concern is important enough. Rogue Sportsman's Realty handles a multitude of transactions and personality mixes and there's little we haven't heard before. We are representing your best interests and have a fiduciary responsibility to do so. Talk to us...let us put your fears to rest.
If you have cold feet and have thoughts about backing out of the transaction, talk to us about those feelings. We can help walk you through the anxieties. Our professionals will help you to determine if you really need to cancel and, if so, manage the transaction so you can get your earnest money deposit back.
Number Two Blunder: Altering Financial Pictures Prior to Closing
Do not buy anything on credit and / or with a credit card once you have completed a loan application. Do not purchase large ticket items like cars, appliances, electronics or even furniture for your new home on credit. Slight alterations in your credit ratios could cause an underwriter to throw out your loan and deny it. If your loan contingency has expired or been removed, you could forfeit your earnest money deposit in addition to losing the home.
Number Three Blunder: Buying the Wrong House
The very first thing home buyers should do is make a list of priorities and define home purchase objectives. Figure out what features and benefits are most important and which you can live without. Before you close escrow, review this list. It's easy to overlook a major factor that could come back to haunt you later.
Imagine how you'll feel in a year if you've already outgrown your home (purchased a home which was too small) or if your financial situation changes slightly and you can no longer afford the payments or maintenance (purchased a home outside of your price range).
Buying a home is a practical decision - not an emotional one. So take a deep breath, stand back and examine the purchase logically. If it's still perfect for you....WELCOME HOME!
