Do you have a family goal to move into a new home this year? If you are ready to upgrade your living conditions or you need a bigger space, then right now is a great opportunity to talk to an experienced real estate agent.

There are a few things that you can do to prepare for the move. Make sure that you avoid some of these common mistakes that could make it hard for you buying a home of your dreams:

Mistake #1: Choosing the Wrong Real Estate Agent

Most real estate agents charge a high percentage for their commission, which means that you will need to pay thousands of dollars when the sale is finalized. But, the market has changed, so there is no need to pay these traditional commissions anymore. Instead, consider the benefits of working with a flat-fee real estate agent here at DUFFY Realty. We save our customers an average of $9,000 on real estate commissions! And when you are buying a home, DUFFY splits our commission with you.

Mistake #2: Maxing Out Your Credit

When the lenders are looking at your financial history when you are buying a home, they will see the trends regarding your payments and balances that you have carried. If you max out your credit cards, then it will have a negative impact on your debt-to-income ratio. As a result, you might not be able to qualify for the loan that is needed to buy your dream home. Be cautious about signing up for new credit cards or other lines of credit right before you are ready to begin buying a home.

Mistake #3: Buying a Car or New Furniture

It makes sense that you want new furniture for your home, but wait to make this purchase until after you close on the property. Even though you have been pre-approved for the loan, those numbers will be evaluated again before you close on the property. Spending several thousand dollars on furniture for your home could result in problems because the lender will see a change in your debt-to-income ratio. So, it is better to let the dust settle after closing on the home, and then you can make the investment to get new furniture for your family.

Mistake #4: Skipping an Inspection

Don’t be fooled into thinking that the inspection is an unnecessary expense when buying a home. It is worth it to spend the money so that you can keep your family protected! Bring in an inspector who can help you see if you will need to spend a lot of cash on home repairs or renovations. The property might look good to an untrained eye, but an inspector will be able to tell if there are electrical, plumbing, or roofing issues.

Your family deserves to live in the best home to match your needs. So, you need to make sure that you are working with an experienced real estate team when buying a home to help you maximize your finances when you are moving. For more information about hiring the best team in the Atlanta area, contact us at DUFFY Realty. We are here to help! (678) 318-1700