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Charlie Glahe WIN Broomfield

Three things to avoid when shopping for a home

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A home is likely the largest purchase you will make in your lifetime. As a result, you should be thorough in every step of the process. Doing your homework and finding the right help can make all the difference when buying a home. In order to ensure everything runs smoothly, try to avoid these things when shopping for your home:

Skip the home inspection
If you are interested in buying a house, you should always have a home inspection performed by a reputable professional who is also unbiased. A home inspector can provide a comprehensive analysis of the major details of a home. Anything that might need attention on the property - from the foundation to the gutters - will be thoroughly reviewed, accounting for a total of 300 items. This insight provides buyers the confidence they need to find the home of their dreams. Having a home inspected is a critical part of the process, so it's important to find the best help possible. 

Jeopardize credit
Your home loan is not made official until the lender approves it. Therefore, it's important you do not run up lines of credit - like buying furniture or decorations - before you qualify for a mortgage loan. You can negatively affect your credit in a short amount of time by going crazy with purchases, which hold you back from getting a loan. If you want to know where you stand, request your credit score. This will provide you with your credit rating - filling you in on any debts you have - allowing you to know exactly where your finances are.

Co-sign on a loan
As a home is a huge financial commitment, co-signing on a friend or family member's loan can be a mistake. If you co-sign for someone, you are liable for their debt through the life of the loan, so it's probably best just to avoid doing this. Adding more debt could impact your future chances at a major purchase, not to mention your ability to pay your current mortgage.

When buying a home, it's critical be as thorough as possible and to trust your judgment. Buyers will have peace of mind if they are well-prepared for this financial endeavor. Finding the right help and watching credit and savings are surefire ways to not only finding a home, but also making the purchasing process as efficient as possible.