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Are you planning to purchase a home next year? The process of buying a home has many steps along the way. If you are new to purchasing real estate, it is easy to make mistakes throughout your home search because it can be a tricky process. If you are planning on buying a home in 2020, here are a few examples of common home-buying mistakes you will want to avoid. 

Choosing the wrong agent 

In many cases, it is in your best interest to hire a real estate agent to represent you throughout your home buying search. However, it is important that you hire the right agent and not just the first one you come into contact with. This is where many buyers go wrong. Understand that some agents are more qualified than others. Be sure that you thoroughly interview each agent to be sure that they are knowledgable, reputable, and are committed to helping you with your home search.

Not having any cash reserves

There are several factors that you need to take into consideration when determining your home budget. Many buyers do not factor in future maintenance and repairs after they close on a home. This is why it is important to give yourself a cushion by having enough cash in reserves. 

Skipping home inspections 

A home inspection provides the buyer peace of mind that they are making a wise investment. While many cosmetic issues can easily be spotted, many problems are tucked behind walls. This is why home inspections can save you from making a poor decision. They will tell you if there are problems with systems or appliances. With this knowledge, you may realize that a home is a bad buy or factor your home inspection information when calculating your offering price.

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