Homebuyers: Avoid These Common Mistakes When Buying a Home

Mistakes Homebuyers Make in the Oshawa Area

So you’re ready to buy a home? Great! Before you make the purchase, let’s examine the common mistakes when buying a home.

Before you sign on the dotted line, you should know that there are common mistakes homebuyers make that waste time and money. These big mistakes homebuyers make can cost you tens of thousands of dollars. They can also waste another one of your valuable resources – your time!

To find out what mistakes to avoid, complete the form below to access our special report “6 Things You Must Know Before You Buy.”

Here are a few examples of homebuyer mistakes when buying a home in Oshawa. 

  1. Not Getting Pre-Approved for a Mortgage
  2. Not Understanding Your Mortgage
  3. Not Using a Real Estate Agent

#1 Mistake When Buying a Home: Not Getting Pre-Approved for a Mortgage

One huge mistake that homebuyers make is to not getting pre-approval for a mortgage.

Pre-approval is easy and free. Your mortgage company can provide you with a written pre-approval with no obligation. This written pre-approval includes a completed credit application and a certificate that guarantees you the mortgage.

#2 Mistake When Buying a Home: Not Understanding Your Mortgage

Mortgages can be complicated. Let’s face it: few people read their mortgage and the accompanying documentation. But not understanding your mortgage can end up costing you thousands of dollars.

For instance, do you know what prepayment options are available to you? These options can save you tens of thousands in interest. 

Do you know whether your mortgage is portable and/or assumable? These options can save you a ton of money or be a powerful bargaining chip when you go to sell the home in the future.

It’s also a good idea to get several mortgage quotes, instead of going with the first bank you come across. Don’t be afraid to shop around to get the best mortgage rate for your new home. 

#3 Mistake When Buying a Home: Not Working With a Real Estate Expert

A real estate expert who specializes in mortgages can help make sure you are on the right track. And, working with a specialist can save you time, which in turn saves you money. 

But don’t just work with any real estate agent in Oshawa. With Your Home Sold Guaranteed Realty of Ontario, we put you first. We’ll help you find the perfect home at just the right price, in your timeframe.

We’re so confident that you’ll love your new home that we offer several Homebuyer Guarantees. One such Homebuyer Guarantee is that if you don’t absolutely love your home after moving in, we’ll sell it for you for free! You won’t be able to get that offer from any other real estate agent in Oshawa!

Call Us Today and Avoid These Mistakes!

Don’t waste time and money on common mistakes homebuyers make. Get access to our free report and start shopping for your new home today!

To access our free report “6 Things You Must Know Before You Buy”, complete the form below. To get started on the purchase of your next home, call us at (905) 440-0505, contact us here, or complete the form below. 

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Matt Cooper, CEO | BROKER OF RECORD, Kendell Attrux, CFO | REALTOR
Matt Cooper is the Owner | CEO | BROKER OF RECORD with Your Home Sold Guaranteed Realty of Ontario and has 35 years of sales & marketing experience. Matt and his wife, Kendell, opened their very own brokerage in 2020 during the pandemic. They are serving more families with every passing year! 20+ years and counting! Being anointed "Official Realtors to The Humane Society of Durham Region" has been an honor for them. Matt, Kendell & team know - When you put others first, you will never be second! You can find Matt's full bio here.
(905) 440-0505