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Louisville Kentucky Real Estate – 3 Mistakes First Time Home Buyers Should Avoid

By Family Realty, LLC

It’s hard to believe that summer is right around the corner and with the change in the weather there will be more people searching for Louisville Kentucky Real Estate, especially first time home buyers.

If you’re thinking about buying a Louisville Kentucky home for the first time here are 3 mistakes you should AVOID making at call costs.

Mistake #1 – Not Getting Pre-Approved For a Mortgage Loan

Although most agents will tell you to get pre-qualified for a mortgage loan, you should actually get pre-approved instead.

Mortgage loan pre-approval is more important since it will show any seller that you’re very serious about buying their home and this will also help your offer to carry more “weight” since they will know that your financing has been confirmed.

Mistake #2 – Being Too Picky When It Comes To Finding the Right Home

Yes, you may have the perfect home in mind but don’t let that stop you from buying a fixer upper which has a great foundation and the potential to be the home you’ve been dreaming about.

Sometimes you have to keep an open mind when buying Real Estate and remember that just because a home doesn’t have everything you’re searching for right away, that doesn’t mean that you can’t transform the fixer upper home into the home of your dreams.

Mistake #3 – Taking the First Mortgage You Are Offered

Last of all, but most important, make sure you don’t take the first mortgage loan you’re offered for buying Louisville Kentucky Real Estate.

A mortgage loan is the key component to buying a home but you also have to remember that depending on your credit you may be able to find a mortgage loan which is well below 4 percent so it pays off to keep searching for a mortgage loan until you’ve found the right one.

Buy Louisville Kentucky Real Estate

For more tips on the mistakes you should avoid when buying Louisville Kentucky Real Estate, or to view the latest Louisville Kentucky Homes for Sale, contact Family Realty, LLC today by clicking here to connect with us through our website or by calling (502) 458-4100.

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