00:00 Experts say there are a ton of dumb mistakes that people make when buying a home that cost
00:05 them in the long run.
00:06 We've gathered some tips to help you avoid them.
00:09 Money Talks News notes that the worst thing you can do is ignore your credit score.
00:14 Lenders save their best interest rates for homebuyers with the best credit scores.
00:18 So if your score is hovering somewhere in the 600s or below, it's best to work on boosting
00:23 it before buying property.
00:26 The site also says homeowners should avoid falling for an expensive loan.
00:30 Consider shaving at least 10% off the bank-approved loan amount and use that as your maximum price
00:36 when house hunting.
00:37 Real estate group Wellington suggests that all new homeowners budget for repairs and
00:42 replacements and make sure you have the funds available in case of emergency.
00:47 And finally, experts say it's important that you do not skip out on an inspection.
00:51 Regardless of whether you're buying new construction or a historic home, you need to have it in
00:56 inspected before finalizing the sale if you want to avoid costly or dangerous problems.
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