Mistakes to Avoid When Buying a Columbus Home - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Mistakes to Avoid When Buying a Columbus Home

A new home buyer survey reported by CNBC shows that buyer’s remorse has been on the upswing. One reason is the limited inventory of affordable homes facing buyers around the country. With little to choose from for the money, some buyers purchased homes that they quickly outgrew. Others purchased homes that needed more repairs than expected.

Yet there is simple, significant reason for home buyer remorse: uninformed decisions.

For example, the survey found that 40% of buyers accepted the first mortgage offer they received, because they had no idea what options were available to them. This means they likely overpaid for mortgage fees, and could have possibly received a better interest rate elsewhere.

About two-thirds of surveyed buyers said they regretted not having a larger down payment. While it’s possible to obtain a mortgage with only 3% down, the resulting mortgage insurance premiums can be a pricey addition to the mortgage payment.

Not surprisingly, 52% of respondents said their total mortgage payment was too high for their budget.

Despite these issues, home ownership was still seen as a positive achievement by 59% of respondents, who identify home ownership as part of the “American dream.”

What the survey does not address is the quality – or lack thereof – in the home buyer’s representation! When you become a Buyer-Client of Buyer’s Resource Realty Services, you receive true fiduciary representation. This means we can help you screen your mortgage offers for the most advantageous financing. We also negotiate exclusively on your behalf for the best possible price and terms for your home purchase.

Typical real estate agents do not provide the level of home buying guidance and protections that we deliver. In short, the easiest way to avoid buyer’s remorse is to use an Exclusive Buyer’s Broker!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

Previous post:

Next post: