How to Avoid Paying Too Much When Buying a Home

Cape Town – buying a home is a major investment no matter which way you look at it. But for many homebuyers, it’s an even more expensive process than it need to be because many fall prey to at least a few of many common and costly mistakes which trap them into either paying too much for the home they want, or losing their dream home to another buyer or, worse, buying the wrong home for their needs.

A systemized approach to the homebuying process can help you steer clear of these common traps, allowing you to not only cut costs, but also buy the home that’s best for you.

Find out if your agent offers a Buyer Profile System or “House Hunting Service”, which takes the guesswork out of finding the right home that matches your needs. This type of program will cross-match your criteria with ALL available homes on the market and supply you with printed information on a on-going basis. A program like this can help you to affordably, move into the home of your dreams.

An industry report has just been released entitled “Nine Buying Traps and How to Avoid Them”. This important report discusses the 9 most common and costly of these homebuyer traps, how to identify them, and what you can do to avoid them.

The buying traps are as follows:

  1. Bidding Blind…. What price should you offer when you put in an Offer to Purchase on a home?
  2. Buying the Wrong Home…. What are you looking for in a home? A simple enough question, but the answer can be quite complex.
  3. Unclear Title…. Make sure very early on in the negotiation that you will own your new home free and clear by having a title search complete.
  4. Inaccurate survey…. As part of your Offer to Purchase, make sure that you request an updated property survey which clearly marks your boundaries.
  5. Undisclosed Fix-ups…. Don’t expect every seller to own up to every physical detail that will need to be attended to.
  6. Not getting Bond Pre-approval… Pre approval is fast, easy and free!
  7. Contract Misses…. If a seller fails to comply to the letter of the contract by neglecting to attend to some repair issues.
  8. Hidden Costs…. Make sure you identify and uncover all costs- large and small.
  9. Rushing the Closing…. Take your time during this critical part of the process.

Full details of all the above will be found in the report.

To hear a brief recorded message about how to order your free copy of this report, phone the Call Free number 0800 448844 and enter ID #1002 . You can call anytime, 24 hours a day, 7 days a week. OR call our office 021 9111150, email ultent@mweb.co.za

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Article by: Durr Plattekloof