#1. Don't be in a hurry to buy. One of the mistakes a new home owner can make is to try and rush into a deal. Make sure the house you are buying is the right one for you and your family. You want it to have enough features to be useful to you.
#2. Don't be afraid to place a bid. One of the mistake many people make is that they only decide to pay whatever the realtor has the house listed for. If you actually approve the realtor for slightly more you're more likely to get the house. Often, the realtor will have more than 1 person place a bid on a house. You can still counter bid but you want to make sure you win the war. So place a bid just a couple thousand over the asking price.
#3. Don't fear negotiation. In Ohio the housing market is slightly down while writing this article. So if you see a house you like and it's a bit more expensive than you'd like just ask for a lower price. I know this seems somewhat contradictory to the last point I made but you can work out a deal price with the realtor if you want a better bargain.
#4. Shop around. I know, sometimes it seems like you've found the one 'perfect' house but trust me there are always more. One of the easiest mistakes to make is to decide to early on that one house is the perfect place to settle. Doing this could lead to overpaying for a house that probably isn't worth it.
#5. Have it inspected. Never buy a house that you do not have inspected. House inspectors inspect the house for safety measures, county compliance and all around things that may have been missed buy the builder. I've heard the nightmare stories of families who've bought houses without having them inspected, only to find serious flaws with the house. One of the most common problems found in slightly older houses is poor wiring and foundation problems.
Even though this list is specifically created for those buying real estate in Knox County Ohio it's a list that can be used just about anywhere. It really doesn't matter where you live all of these tips can be used as a basic guide for things to look out for. Most of all when you purchase any real estate be cautious and make sure it's a place that makes sense for you.
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