Oak Park, MI – Locally based real estate Company Conquest
Real Estate Group publicly divulged the frequent errs of a first time
home buyer Oak Park MI. Buying a home, whether it is for the first time or
done with experience, is always a great investment, says the firm.
However, it can
turn out to be more expensive than it should be when one does not understand
the buying process. Unfortunately, many buyers are lured in the costly traps
that results in home buyers paying too much, losing their dream house to
another shopper, or buying a home which does not fit their needs.
It is important
therefore, to use a systematic approach towards buying a home, and this is
especially crucial especially for the first time buyer Oak Park MI.
This is to avoid many of the types of purchasing mistakes too often made by
excited shoppers, who fail to see many of the key details of buying a home.
Conquest Real Estate, through their Trulia account http://www.trulia.com/profile/Conquestrealestate,
aims to help the interested Oak Park MI buyers to gain the best
investment by evading the errors, as listed below:
1.
Being Unaware of the Credit Rating. Financial establishments allows
a first time home buyer Oak Park MI to apply for their mortgage, but these
companies use one’s credit rating to verify an individual’s credit history and
assess the risks involved in the loan. Credit ratings are scores, which are
taken from one’s repayment history. These scores can be affected by the
purchases done through credit cards, loans, and payment of bills on schedule.
2.
Unrealistic Purchases. A first time home buyer Oak Park MI may have
the tendency to overestimate, or underestimate, the entire value they can
afford for a home. When this happens, they are trapped in a contract which lets
them suffer greater costs or living in homes which are less than their expectations.
Conquest Real Estate says
that the solution is getting pre-approved by a lender, for it gives one the
idea of what they can afford.
3.
Ignoring the closing costs. Often, it is easy for the first
time buyer Oak Park MI to budget for the down payment, but many of these
people forget about many of the additional expenses involved with buying a
home. Some of these are Property Transfer tax, Appraisal Fee, Property
Insurance, Moving Costs, etc.
When buying a
home, especially for the first time, it will be helpful to have an expert by
one’s side. Conquest Real Estate’s expertise is within Michigan’s communities.
Learn about their services at http://www.ConquestRealEstateGroup.com.
About Conquest
Real Estate Group: The
Conquest Real Estate Group helps people looking to purchase real estate within
the City of Detroit and the surrounding Metro Detroit suburbs. The group helps first time home buyers and
experienced real estate investors.
Currently, they provide service for real estate properties in Detroit,
Southfield, Lathrup Village, Oak Park MI, Farmington Hills, Livonia, Redford,
Eastpointe, Harper Woods, and Warren MI.
Conquest Real Estate
has different divisions, which helps investors with the entire real estate
investing process, including identifying investment properties, rehabbing
properties, marketing and tenant placement, and property management. They have people who understand the entire
local Section 8 process, including helping real estate investors pass their
Section 8 property inspection and selecting the right tenants with Section 8
payment vouchers.
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Contact Information:
Nakia Muhammad
Conquest Real Estate
(248) 809-4372
Southfield, Michigan 48075
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