Mortgage Minute - Buying mistakes from Doug

Financial Residency

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

This week with Doug Crouse, we're discussing common mistakes people make when buying a house, especially their first one. The biggest mistake is shopping for homes without securing financing. Getting a pre-approval is crucial as it gives sellers confidence in your offer. It’s not a quick process, so plan ahead.

Another common error is neglecting to thoroughly research the neighborhood. Location is vital; a great house in a bad area can lead to regret. Also, remember that no house is perfect. Focus on finding a home that meets most of your needs, and be open to making improvements over time.

Lastly, when viewing multiple houses, use a process of elimination to narrow down your choices. Compare each new house to your favorite so far, making it easier to decide.

For more details, reach out to me at www.dougcrouse.com or www.dougcrousephysicianloans.com