What are people saying?

" Lorraine & Jill did a tremendous job with dedication & support throughout. They give advice but never pressured me. Friendly. Satisfied. Job well done."
Angie Grenier

"Team Jordan was very professional and they did an amazing job on the marketing of our property. We sold for 101% of list price in 14 days. We would highly recommend them to anyone."
T. Contois

Whether you are a first time buyer or a seasoned real estate investor, there are some common Home Buying Mistakes that are necessary to avoid.

Below are 10 common mistakes you need to avoid when buying real estate.

• 1) Looking for a house without getting pre-approved by a lender
  When you are pre-approved, you are effectively a cash buyer. This makes it much easeir to negotiate with the seller. Do not mistake pre-approvel with pre-qualification; pre-qualification is only the first step in gaining pre-approval. Ask Team Jordan for details.
•  
• 2) Failing to check out the neighbourhood thoroughly before buying
  How do traffic patterns change depending on the day, or even the time of day? Are there any future developments in the works?
•  
• 3) Making an offer based upon the asking price, not upon the actual market value.
  Do your homework. What have similar properties sold for in the immediate area? How long were they on the market? How does this one compare? Is it over-priced, under-priced, or fair value? Lorraine can provide you with this information.
•  
• 4) Letting first impressions affect your decision too much
  There are entire books written on how the first impression of a home is the single most decisive factor affecting many purchasers' decision to buy. Don't let bad décor or messy housekeeping scare you away from a structurally solid home that meets all of your needs. Remember, you are buying the house, not the furnishings.
•  
• 5) Buying a home without a professional house inspection
  When buying a house, consider getting a professional property inspection. Not only will you know what you are buying, but these reports will protect you from unforeseen nasty surprises in both the short and long run.
•  
• 6) Assuming that the bank's quoted mortgage rates are written in stone
  Like many industries, banks are experiencing increased competition and are often willing to negotiate mortgage rates. Depending upon your financial situation, you may be eligible for a rate reduction or cash back. Ask Lorraine for details.
•  
• 7) Not shopping for home insurance until you are ready to move
  If you wait until the last minute, you will be rushed in finding insurance. Allow time to shop around and get the best deal.
•  
• 8) Signing documents without reading them
  Do not wait until the last minute before reading the documents;there probably will not be time. Try to get copies of all documents early on in your home search so that you can peruse them at your leisure.
•  
• 9) Making verbal agreements
  Not only are they harder to enforce, but any written contract you sign will override a verbal agreement. Contract law says that verbal agreements are not enforceable when they deal with Real Property. Always get it in writing.
•  
• 10) Not knowing your rights and obligations
  If you do not know your rights, then you can be taken advantage of. If you do not know your obligations, you may inadvertently cause friction between yourself and those with whom you are about to enter into a contract. Both your realtor and lawyer are great sources of information concerning this - make use of their expertise and resources.
•  

• New Listings

  View all new listings in your area >>>

• Search this Site

• VIP Club

• Become a FREE member of our VIP Buyers’ Club and receive the newest listings on the market that match your criteria!
• Get started here >>