Don't Listen to This HomeBuying Advice

If you're getting ready to buy a home, it's likely that everyone around you will be excited to share homebuying advice. While this is nice, there are some pieces of advice you should ignore.

The Worst Home-Buying Advice

As you search for the perfect home for you and your family, you may realize that the real estate world is actually quite complicated. If you're a first-time buyer, your friends and family may be eager to give you some advice to help you during your search. While they may mean well, their advice may not always be the best. Luckily, Advanced Title Company is here to help you weed out the bad advice you'll be better off passing on.

Buy the Biggest Home You Can Afford

Once you've set a budget for your new home, you can go ahead and start looking at homes that fall under that budget. You may be tempted to only look at the biggest homes you can find that won't make you break the bank, but this may not be the best way to go unless you really need all the extra space. The most important things to consider are your lifestyle and whether or not a home will fit that. Space may seem like a great idea, but think about how much extra cleaning, maintenance, and spending that will also lead to. Unless you need the space for your growing family or any other valid reason, don't focus all your attention on how much space you can get.

You Don't Need a Buyer's Agent

As a buyer, you may think that hiring a buyer's agent is a luxury you don't really need. In reality, a buyer's agent can make a huge difference in your home search. Since agents are connected to other agents, they will be able to help you even more homes that fit your needs and wants. They may even have access to homes that aren't even on the market yet, giving you a better chance at snagging a great home. For first time buyers, an agent can also be super helpful when it comes to dealing with legal paperwork and even when you decide to put in an offer on a home. Their experience is invaluable, so don't decide to skip hiring an agent just yet.

Start With a Lowball Offer

When you're ready to make an offer on a home, you'll definitely want to get a great deal for your money. In some cases, this leads buyers to make a lowball offer with the idea of then being able to negotiate the price up while still saving money off the asking price. This, however, doesn't always work out. In fact, a seller may be insulted by a lowball offer and ignore your bid altogether. If they can't take your offer seriously, they'll move on to other buyers who have made more serious bids. If your offer gets accepted and you're moving forward in the buying process, don't forget about the importance of title insurance at closing. To understand just how important title insurance is when buying a home, contact the title insurance experts at Advanced Title Company today by calling (970) 255-7677.

Skip the Home Inspection

A home inspection is an absolute must that shouldn't be skipped under any conditions. Even if the home looks brand new, this doesn't mean it's in the best condition. Instead of taking the seller's word for it, hire an inspector to take a serious look at the home and its systems. You may be surprised to find that this perfect looking home is actually hiding some serious and pricey issues. Avoid getting this type of surprise after moving into the home by getting a home inspection before deciding the home is right for you.

Buying a Fixer-Upper Is a Great Deal

A fixer-upper may sound like a great deal because you can get a home at a lower price. However, this doesn't always mean you're getting a deal. If you don't have experience with fixer-uppers, you may be better off just buying a home that you can move into right away. Some fixer-uppers may be too expensive for all the repairs they need, so you'll need to get a good understanding of the condition of the home and how much all of the repairs and cosmetic fixes will run you.

Get Title Insurance in Grand Junction

Purchasing title insurance is advice you should definitely take. Since title insurance can protect your rights to ownership should any title issues come up, it will definitely be a great investment. To learn more about it, contact the title insurance pros at Advanced Title Company. Give them a call at (970) 255-7677 to learn more!