You also run risk of not getting best mortgage deal possible if you are forced to rush into accepting first offer that you get.

6. Failure to get it all in writing

Buyers who accept verbal agreements or promises made on a handshake often find that no one remembers that conversation at closing time. If it’s important to you then get it in writing.

7. Not finding defects before you buy.

While new homes come with specific warranties and guarantees, you’re usually on your own when you’re not buying new. Don’t rely on word of seller or agent when it comes to ascertaining physical condition of home. Protect yourself by writing “Subject to satisfactory property inspection results” on any offer you make and then hire a professional property inspection company.

Another word of advice is to find your own property inspector and do not reply on one that is recommended by seller or agent. Make sure you are there when inspector arrives and don’t let agent or seller have any conversations with inspector outside of your presence.

8. Losing control of transaction.

This is going to be your home and buying it is your decision. When you let agents, friends or family persuade you for or against a particular piece of property then you are losing control of transaction. Just stop, relax, take a deep breath and remember who is in control. It’s you.

9. Failure to do your own due diligence

The chances are your visit to home of your dreams occurred during best time of day, but you’ll be living in that home 24/7. Visit neighborhood during rush hour, late at night and at other random times. Can you deal with getting in and out of your neighborhood during your commuting times? Does sound of nearby NASCAR track drown out backyard conversation on Sunday afternoons?

Also make sure that schools and community amenities suit your needs and lifestyles. Check property taxes and utility bills to make sure that you can afford cost of living in your chosen community. If you are subject to deed restrictions or homeowner/condo rules then make sure you can live with them. Even automobile insurance rates are affected by zip code so more you know about a community better off you are.

10. Buying more house than you can afford.

Just because lender approved you for a certain amount doesn’t mean that you can handle payments. This is especially true if you have a life-changing event on horizon such as having a baby or changing jobs. Be especially wary of your payment thresholds if you have an Adjustable Rate Mortgage because you can bet those payments will be going up a lot sooner that you want them to. Don’t forget to factor condo fees or homeowner association dues into your monthly expenses.

© Copyright 2005 by Best-Internet-Mortgage-Loans.com. Please visit Best Internet Mortgage Loans for more on mortgage basics and tips on finding the mortgage you seek. This article may be freely posted as is on the Web as long as this message and the live link remain intact.

Own 3 utility companies and 3 gas or energy companies, using same investment strategy. Build those stock positions while you are employed to ease monetary burdens when you retire.

Build a stock market portfolio that will provide you a dividend check every week of year. All it takes is twelve companies that pay a dividend. Twelve companies to receive dividend checks every week of year, for rest of your life. Whether you find that goal worth effort, bare in mind only thing that comes without effort is old age.

Spend time it takes to learn from others and take advantage of experience of others. Make every investment dollar spent bring value in form of cash dividends. You will find that investing in those companies that raise their dividend every year, coupled with stock appreciation to be a very powerful and effective wealth creating formula.

Web Site: http://www.thestockopolyplan.com