Mistake # 1: Buying real estate unprepared because you lack the right knowledge

Mistake # 1: Buying real estate unprepared because you lack the right knowledge

Though we encourage you to seek professional guidance throughout the real estate purchasing process, we’ll also tell you not to depend solely on these professionals. They’re human, and humans make mistakes! By all means, establish a good relationship with a professional, but do your own research too, so you understand what he or she is recommending. You can start by reading this reference guide and noting the real estate mistakes we’ve covered. You might also follow up with a seminar to further educate or refresh your memory on the buying process. It’s not every day you purchase real estate!

Throughout the Make No Mistakes About...Buying Real Estate reference guide you’ll find descriptions and explanations about the mistakes other buyers have made. You’ll also find the tools and checklists to help you Make No Mistakes™ About…Buying Real Estate, even when you work with professionals. We provide this information because it’s our goal to level the playing field between the haves and the have not’s – the people with real estate knowledge and those who have little or none. Here are just a few examples of what you’ll gain from this reference guide:

· Examine your present and future financial goals to ensure you don’t buy too much house even when a loan officer says you can afford more
· Determine which mortgage loan is best for you when you’re presented with more than one option
· Choose the best property based on your budget, “must haves” and desires in a home
· Learn the specific contractual language you should have in your earnest money contract (which isn’t included in the standard contracts)
· Know which elements will help you negotiate the best deal
· Read and understand the HUD-1 (Settlement Statement), which itemizes the financial details at closing
· Know what to do after you close in order to best protect your investment

In reality, YOU are the only one who can truly look out for your best interest. And when the transaction is complete, you are the one who is ultimately responsible for the property and for paying the mortgage loan! Go to www.MakeNoMistakes.com for more info or follow us on http://twitter.com/MakeNoMistakes.