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home buyers murfreesboro tn

Here are Three Most Common Mistakes Every Home Buyer Should Avoid


Common Mistake #1: Thinking you can’t afford it.

Many people who thought that buying the home of their dreams was simply out of their budget are now enjoying a wonderful lifestyle in their very own homes.

Buying a home is one of the smartest financial decisions you will ever make. As a matter of fact, most homeowners would be broke at retirement if it wasn’t for one saving grace, the equity in their homes. In addition, tax allowances favor home ownership.

History shows, real estate values have always risen steadily. Of course, there are highs and lows, but the long-term trend is a consistent increase. This means that every month when you make a mortgage payment, the amount that you owe on the home goes down and the value typically increases. This “owe less, worth more” model is called equity build-up, and is the reason you can’t afford not to buy.

Even if you have little money for a down payment or credit problems, chances are that you can still buy that new home. It all comes down to working with the right people, and knowing the right strategies.

Common Mistake #2: Not hiring a buyer’s agent to represent you.

Buying property can be a complex and stressful endeavor. In fact, it is most often the biggest, single investment you will ever make in your lifetime. At the same time, real estate transactions have become increasingly complicated. New technology, laws, procedures, and competition from other buyers require buyer agents to perform at an ever-increasing level of professionalism and competence. Plus, making the wrong decisions can end up costing you thousands of dollars. This is not the way that it has to be!

Find and work with a buyer’s agent that has a keen understanding of the real estate business and the local market. A buyer’s agent has a fiduciary duty to you. That means that they are loyal only to you, and are obligated to look out for your best interests. A buyer’s agent can help you find the best home, the best lender, and the best home inspector in your area. That inspector should be an InterNACHI certified home inspector because InterNACHI inspectors are the most qualified and best-trained inspectors in the world.

Trying to buy a home without an agent or a qualified inspector is, well… unfathomable.

Common Mistake #3: Getting a cheap inspection.

Buying a home is more than likely the most expensive purchase you will ever make. This is no time to shop for a cheap inspection or the cheapest home inspector. The cost of a home inspection is relativity small compared to the value of the home being inspected. The additional cost of hiring a certified home inspector is almost insignificant by comparison. As a home buyer, you have been number crunching, negotiating offers, adding up closing costs, shopping for mortgages, and trying to get the overall best deals. Don’t stop now! Don’t let your real estate agent or anyone else talk you into skimping here.

Smith & Smith Home Inspections provides inspection services throughout Middle Tennessee. Contact us today to schedule your inspection!
real estate inspections: what matters

Real Estate Inspections: What Matters?

Are you in the process of buying or selling a home in Murfreesboro or Middle Tennessee area, and you are stressed out? Home inspections or real estate inspections are expected to give people peace of mind, but often have the opposite effect. You’ll be asked to absorb a lot of information in a short amount of time. This will often include a written report, a checklist, photographs, environmental reports, and what the inspector himself says during a walk through of the inspection. All this, combined with the seller’s disclosure and what you notice yourself, can make your experience even more overwhelming. What should you do?

Relax. Most real estate inspections will be maintenance recommendations, life expectancies for various systems and components, plus minor defects and imperfections. These are useful to know about. However, the main issues that really matter will fall into four categories:

  • Major Defects.  Example would be a structural failure;
  • Things that lead to Major Defects, such as a small roof-flashing leak;
  • Things that may hinder your ability to finance, legally occupy, or insure the home; and
  • Safety Hazards, such as an exposed, live buss bar at the electrical panel.
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Anything in these categories should be addressed. Often, serious problems can be corrected inexpensively, protecting both life and property.
Most sellers are honest and are often surprised to learn of defects uncovered during an inspection. Realize that sellers are under no obligation to repair everything mentioned in the report. No home is perfect. Keep things in perspective.

To lower stress and make the buying selling process smoother, sellers may want to have an inspection performed before placing a house on the market. With a home inspection prior to placing the property on the market, the seller can better assess the home’s value, correct any defects that might impair a sell, and avoid problems at closing.

Smith & Smith Home Inspections provides inspection services throughout Middle Tennessee. Contact us today to schedule your inspection!