Luxe Key Realty, LLC.
Olga Rodriguez, Luxe Key Realty, LLC.Phone: (786) 217-7347
Email: [email protected]

Common Homebuying Problems and How to Address Them

by Olga Rodriguez 02/18/2019

Buying a home should be a problem-free experience. Yet issues may arise that make it tough to acquire the perfect house at an affordable price.

Common problems that come up during the homebuying journey include:

1. Lack of Home Financing

Before you search for a home, it generally is a good idea to get pre-approved for a mortgage. That way, you can kick off a house search with a budget in hand.

To get pre-approved for a mortgage, you should meet with banks and credit unions. These financial institutions can teach you about a variety of mortgage options and help you get approved for home financing in no time at all.

Of course, if you have questions as you pursue a mortgage, don't hesitate to ask a lender for assistance. Lenders employ courteous, knowledgeable mortgage specialists who are happy to respond to your queries without delay.

2. Temptation to Submit a Lowball Offer to Purchase

Once you find your ideal residence, you may be tempted to submit an offer to purchase at or below a house seller's initial asking price. But doing so may be problematic, particularly for a homebuyer who wants to acquire his or her dream residence as quickly as possible.

If you submit a lowball offer to purchase a house, a seller likely will reject the proposal. Worst of all, a rival homebuyer may swoop in with a competitive offer to purchase this residence – something that may cause you to miss out on the opportunity to buy your ideal home.

Ultimately, it is beneficial to submit a competitive homebuying proposal. If you allocate time and resources to learn about a home's condition and how a residence stacks up against comparable houses in the same city or town, you can craft a competitive offer to purchase. And as a result, a competitive offer to purchase may receive an instant "Yes" from a home seller, leading to a fast, successful homebuying experience.

3. Failure to Identify Problems During a Home Inspection

A home inspection is paramount because it gives you the opportunity to walk through a residence with a property expert and learn about any underlying house issues. Then, if you discover major problems with a house, you can ask a seller to complete property repairs, reduce your initial offer to purchase or walk away from a residence altogether.

Hire a home inspector who possesses comprehensive expertise – you'll be glad you did. With the right house inspector at your side, you can get the help you need to identify problems during a property inspection.

Lastly, as you get ready to search for a house, you may want to hire a real estate agent as well. This housing market professional can provide extensive guidance throughout the property buying journey and ensure you can mitigate homebuying problems before they escalate.

Reach out to a real estate agent today, and you can receive plenty of support as you navigate the homebuying journey.

About the Author
Author

Olga Rodriguez

Olga L. Rodriguez, Realtor I am a customer-service-oriented real estate agent who helps home buyers and sellers in Florida, in the cities of Miami, Kendall, Coral Gables, Hialeah, Palmetto Bay and Miami Beach. If you're looking for an agent with patience, perseverance, and a passion for helping people, you've just found her! My working experience I received my real estate license in 1986. Since that time I have worked in the real estate field both part time and full time. When raising my children I worked as a teacher and part time real estate agent. I have also worked as a real estate paralegal, and appraiser. Working as a teacher I learned the skills of patience, perseverance, and being organized. My paralegal experience allows me to efficiently explain legal documents to my clients. The knowledge that I gained from working as an appraiser allows me accurately price the homes of my sellers and advice my buyers on the price of their purchases. My love for math, negotiating, business and my passion for helping people has led to choose real estate as my preferred profession. As a realtor I can truly say, "I love my job”. What Makes Me Different from Other Agents Service: I strive to exceed my clients' expectations in all aspects of the real estate process by providing excellent customer service and effective negotiating practices. Education: Success in real estate starts with education. You have to understand the nuances of the local market, the dynamics of supply and demand, and how these things affect buyers and sellers. I make sure that my buyers and sellers are well informed at every step of the process, so they can make smart decisions. Contact: Buyers, sellers and renters have a lot of questions during their real estate transaction. I let them know what is happening every step of the way during their real estate transaction. I am available at all times and can be reached by phone, text, or email. A Smoother, Less Stressful Real Estate Experience Buying, selling or renting a home can be exciting, but it can also be stressful. That's why I work extra hard to keep my clients informed, and to make the process as smooth as possible. In my free time I enjoy traveling, visiting new cities, states and countries. I also enjoy swimming, cycling, and boating.