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Real Estate Tips: Mistakes to Avoid When Buying Property

Finance Your Next Real Estate Deal with an Idaho Hard Money Loan

Real estate is a great investment. When you make smart choices.

Every real estate investor has the potential for success and return on investment. But not every real estate deal may be what it appears. It takes research, awareness, and sometimes legwork to find the right property.

Follow these tips to avoid common home buyer mistakes – and help guarantee a solid ROI.

Common Home Buyer Mistakes & How to Avoid Them

Time it out: Start by visiting the property you’re interested in at different times of day and days of the week. What might seem peaceful and welcoming at 10 a.m. on Tuesday could be a less-than-friendly vibe at 10 p.m. on a Friday.

School daze: Likewise, if the property you’re looking at is close to a school, pay multiple visits during weekdays, especially mornings and afternoons. Your life could be dictated by traffic patterns and noise throughout the school day.

The neighborhood: You may love the house. But knowing your neighborhood is important too. Meet and greet potential neighbors. Do some research to look for any nearby properties that may be short-term rentals.

Surface beauty: Cosmetic upgrades are nice. But pay attention to the home inspection report and issues related to the foundation, roof, windows, plumbing – the property’s infrastructure. That’s where the big bucks potentially come in.

A bit of insurance: Crime rates, neighborhood claims, flood risks. Avoid potential problems. Get a simple quote or use free online tools to get an idea of insurance rates and insights into the neighborhood and the property you’re considering.

Can you hear me: Clear cell phone service and strong internet reception are a must. Walk through any property you’re interested in with your phone to ensure you get a good signal and that service won’t be an issue.

Invest in Idaho Real Estate with an Easy Qualify Hard Money Loan

We help Idaho investors purchase the perfect property with easy qualify hard money loans. Our loan approval process is simple and streamlined. Unlike conventional lenders, Gregory M. Russell private money loans are asset-based and your credit and employment history are secondary. If you have adequate equity, we can move fast and you can have cash in hand in under two weeks. In today’s competitive housing market, that can enable you to achieve investment deals you’d lose out on with a traditional lender. Give us a call. We’re here to help at any time at 1-888-477-0444. Or complete our online loan request form today.