{"id":2917,"date":"2016-08-05T15:15:23","date_gmt":"2016-08-05T22:15:23","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=2917"},"modified":"2016-08-04T11:01:11","modified_gmt":"2016-08-04T18:01:11","slug":"common-home-buyer-oversights","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/08\/common-home-buyer-oversights\/","title":{"rendered":"Common Home Buyer Oversights"},"content":{"rendered":"<p style=\"text-align: justify;\">Buyers on the hunt for the perfect home often overlook common issues that could cost them thousands of dollars and give them buyer&#8217;s remorse later on.<\/p>\n<p style=\"text-align: justify;\">As their real estate professional, your guidance can help clients focus on these four often-forgettable things during their house hunt :<\/p>\n<p style=\"text-align: justify;\"><strong>Not taking into account all of the expenses of home ownership.<\/strong><\/p>\n<p style=\"text-align: justify;\">\u201cPeople focus so much on mortgage payments and closing costs,\u201d says Brendon DeSimone, author of \u201cNext Generation Real Estate. \u201cWhat they don\u2019t realize, until after the fact, is that there are expenses like oil or propane and landscaping that are built into home ownership.\u201d Home buyers should ask sellers for a property expense list to get a better gauge of what they\u2019ll be paying each month. Also, financing experts often suggest setting aside 1 percent of the home\u2019s total value annually for repairs and maintenance.<\/p>\n<p style=\"text-align: justify;\"><strong>Failing to consider a home\u2019s resale value.<\/strong><\/p>\n<p style=\"text-align: justify;\">Few buyers actually stay in their home for decades. Buyers should talk to their real estate agent about trends in the neighborhood and the likelihood that the home would sell for the same amount two years, five years, or 10 years down the road, Avery Boyce, a real estate professional with Compass Real Estate in Washington, D.C., told realtor.com\u00ae. \u201cBuying a home should make financial sense now, but if circumstances make this home no longer the right one within a few years, you don\u2019t want to be in a tricky financial situation while trying to sell,\u201d Boyce says.<\/p>\n<p style=\"text-align: justify;\"><strong>Not investigating the neighborhood more closely.<\/strong><\/p>\n<p style=\"text-align: justify;\">Make sure your home buyers also closely inspect the neighborhood too. DeSimone suggests that home buyers walk around the neighborhood at different times of the day. Talk with the neighbors too.<\/p>\n<p style=\"text-align: justify;\"><strong>Failing to look into the homeowners association.<\/strong><\/p>\n<p style=\"text-align: justify;\">\u201cNever close on a home without doing serious due diligence on the homeowners association,\u201d says DeSimone. Many HOAs can be supportive, but there have been reports of a few cases where home owners have clashed. Also, it\u2019s important to note if there are a lot of delinquent home owners in the neighborhood because \u201cif there is an upcoming assessment, or there are delinquent home owners, the HOA and you will have to cough up the money to cover it,\u201d DeSimone says.<\/p>\n<p><a href=\"http:\/\/www.realtormag.realtor.org\/daily-news\/2016\/08\/02\/4-common-home-buyer-oversights\" target=\"_blank\">4 Common Home Buyer Oversights<\/a> by RealtorMag<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buyers on the hunt for the perfect home often overlook common issues that could cost them thousands of dollars and give them buyer&#8217;s remorse later on. As their real estate &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/08\/common-home-buyer-oversights\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2917","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Common Home Buyer Oversights &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/08\/common-home-buyer-oversights\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Common Home Buyer Oversights &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Buyers on the hunt for the perfect home often overlook common issues that could cost them thousands of dollars and give them buyer&#8217;s remorse later on. 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