You might be taking longer than you thought or predicted. The process might be exhausting you. As a buyer you might have made mistakes.
Without a budget you may make a grave mistake. You may spend in a house way above the price you might be comfortable I to pay. Also with a fixed budget you will be able to narrow down your list.
Not knowing more about the locality
It is not only the house where you will live but also the locality. You may be stuck in a locality which might not have great prospects. Even transportation to your workplace may become a major concern if you do not pay enough attention to the locality.
Not having a list of non negotiables
A list of non negotiables guides people and forbids them from making any rash decision. A list of extra bed room, garage, guestroom, whichever you may feel is absolutely necessary should be noted down.
Not speaking to a real estate agent
A real estate agent is a professional who understands the market and will be able to guide you. Like you need a doctor who is a professional with formal knowledge, you need an agent who has formal knowledge and experience in the particular field.
Not clarifying your doubts with the seller
As a buyer you might have queries about the house. Raise all the doubts you might be having. Ask about renovations and repairs that had been made in the house.
When you would walk into new houses you would be flooded with emotions. You might buy a house in impulse and by sheer emotions and that will cost you.
Not investigating and researching about the house
You will have to live in that house for forever hence you need to know why the couple is selling the house. Ask your agent to know more about the house and similar other necessary details.
Not clarifying legal clauses and details
Though narrowing down and finding a house is difficult paperwork and other legalities add to your burden. Hence it is better to know the legalities and paper works necessary in making the purchase.
Overstretching your budget and not understanding expenses
You need to understand that your buying your house is not your only expense. If you stretch your initial budget you will be caught up in debt as it is a cycle. You need to understand that stretching your budget beyond your comfort zone is not going to bring you happiness.
Not choosing the right estate agent
In this process of house buying your agent should value your dreams and hopes before his or her own profit. It is a relation based on trust. Hence, honesty and truthfulness should be his core virtue. However, know more about your agent, his or her clients and his reference works.
It is a huge decision hence do not let panic overcome your saner and better part.