5 Mistakes To Avoid When Buying A Home In Elkhorn NE

Dated: June 15 2017

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elkhorn ne

5 Mistakes to Avoid When Buying a Home in Elkhorn, NE

Buying a home in Elkhorn, NE is a huge investment. Find out what mistakes homebuyers make that could cost you money.

If you're looking for a new home in Elkhorn NE, first of all, congratulations! Buying a new home is a big deal and it's very exciting. 

And Elkhorn NE is a great place to live. 

But buying a home isn't a small or simple choice. It's a huge investment - with long-term consequences. 

Buying a home has the potential to be an incredible event that improves your life for decades.

But it can be also a stressful process that leads to huge economic stress and strain.

Avoid these 5 mistakes when you're searching for and buying your home in Elkhorn NE. 

1. Moving too fast

Don't jump the gun and shop for a property before you're preapproved for a mortgage loan. Getting your ducks in a row with the banks before you're seriously shopping for a home can save you a lot of headaches down the road. 

Many times sellers in Elkhorn NE won't take your offer seriously without a letter of pre-approval. 

Also, you don't want to find your perfect home and then risk losing the opportunity to make an offer because you're still getting preapproved. 

2. Falling too quickly

Many homebuyers get swept up in the process of searching for their home. 

You know that honeymoon phase of a relationship where their nail biting or drinking habits don't bother you as much because you're in love? Soon, the novelty wears off and you decide the bi-monthly benders are a deal breaker. 

The same thing can happen with a home if you rush into a decision. 

Don't let a house's charm and perfect yard trick you into forgoing important things like inspections and appraisals. It's important to check and see if the property's septic system has been pumped and inspected in the last five years. 

In other words--take it slow and don't fall in love before you've covered your bases!

3. Not saving up for a down payment

There's no magic number that is the perfect amount for a down payment. It's a good idea to have about 20% to put down. This will save you from having to pay for Private Mortage Insurance.

But the best rule of thumb is to just put down as much as possible! It will save you money in the long run. 

4. Expect Perfection

We all love HGTV, but don't expect that level of perfection from every home you look at! Not every house is going to be styled exactly how you want it to be. 

While not every house is going to exactly what you want, there's a solution to everything! Small renovations can be made over time.

Think of your house as a very long term investment. Over time you can make your space more of what you want. 

5. Navigate the Elkhorn NE market alone

As you can see, there are many different factors to consider when you're buying a home.

Some people try to navigate the turbulent real estate market on their own, but they risk missing out on great opportunities and being taking advantage of by sellers.

Your real estate agent is your greatest advocate and ally. Buying a home in Elkhorn NE is a big investment, so make sure you're protected by the knowledge and experience of a trustworthy real estate agent. 

Blog author image

Rachel Tiller

I am the team leader for The Prime Team with Keller Williams Realty and have been a Realtor since 2011. Real estate is my passion, whether it is helping people buy, sell, build, or invest. It doesn't ....

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