10 deadly mistakes first time buyers make...

Purchasing a home can be a stressful stage in ones life, but with the right information and the right REALTOR it can be a breeze.

Read 10 deadly mistake before your first home purchase.

1. Making an offer on a home without being prequalified.
Prequalification will make your life easier - so take the time to speak with a lender. Their specific questions in regard to income, debt, etc., will help you determine the price range you can afford. It is an important step on the path to home ownership.

2. Not having a home inspection.
Trying to save money today can end up cost- ing you tomorrow. A qualified home inspec- tor will detect issues that many buyers can overlook.

3. Limiting your search to open houses, ads or the internet.
Many homes listed in magazines or on the internet have already been sold. Your best bet is to contact a REALTOR®. They have up -to-date information that is unavailable to the general public and are the best resource to help you find the home you want.

4. Choosing a real estate agent who is no committed to forming a strong relationship with you.
Making a connection with the right REAL- TOR® is crucial. Choose a professional who is dedicated to serving your needs - before, dur- ing and after the sale.

5. Thinking there is only one per- fect house out there.
Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your REALTOR® for a comparative mar- ket analysis. This compares similar homes.

6. Not considering long-term needs.
It is important to thin ahead. Will the home suit your needs 3-5 years from now?

7. Not examining insurance issues.
Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.

8. Not buying a home protection plan.
This is essentially a mini insurance policy that usually lasts one year from the closing of the transaction. It usually covers basic repairs you may encounter and can be pur- chased for a nominal fee. Talk to your agent to help you find the protection plan you need.

9. Not knowing total costs involved.
Early in the buying process, ask your REALTOR® or lender for an estimate of closing costs. Title company and attor- ney fees should be considered. Pre-pay responsibilities such as Homeowner as- sociation fees and insurance must also be taken into account. Remember to examine your settlement statement pri- or to closing.

10. Not following through on due diligence.
Buyers should make a list of any con- cerns they have relating to issues such as; crime rates, schools. Power lines, neighbours, environmental conditions, etc. Ask the important questions be- fore you make an offer on a home. Be diligent so that you can have confi- dence in your purchase.