Moving to a new city can be an exciting and overwhelming experience, especially when it comes to buying a new home. Sherman, TX, is a great place to live, with its friendly community, affordable cost of living, and beautiful homes for sale near Lake Texoma. However, as a home buyer, you need to be aware of some common mistakes that can cost you time, money, and stress. In this blog post, we'll discuss three mistakes home buyers make when moving to Sherman, TX, and how you can avoid them.

1. Not Researching the Neighborhood

One of the biggest mistakes home buyers make is not researching the neighborhood before buying a home. You may fall in love with a house, but if the neighborhood doesn't meet your needs or expectations, you may regret your decision later. When relocating and unfamiliar with the area, we recommend touring the area via google earth, in person during the daytime and again at nighttime if you are unfamiliar with the area. We also recommend researching local schools, restaurants, and businesses so that you can be sure that you the location and neighborhood that you choose will meet your needs. Consulting with a local realtor can be a great way to help clarify your neighborhood criteria and find a match for your needs.

2. Not Getting Pre-Approved for a Mortgage (Or choosing a lender without talking to a realtor ;)

Another mistake home buyers make is not getting pre-approved for a mortgage before they house hunting. Pre-approval gives you an idea of how much you can afford to spend on a home and helps you narrow down your search. It also helps you to be prepared when you need to make an offer immediatley. Most buyers who miss out on homes that they were really interested lose out on them because they viewed the home without being pre approved to buy it. By the time they got an approval (if they got one) the house was sold to a more prepared buyer. If you don’t want to lose the home your heart is set on, show up prepared when you start your home search. (Bonus points if you interview multiple lenders and vet your lenders on factors outside of interest rates alone)

3. Not Hiring a Local Real Estate Agent

Finally, many home buyers make the mistake of not hiring a local real estate agent when buying a home. Local agents know the market, the neighborhoods, and the local laws and regulations. They can help you find the right home, negotiate you the best price, and guide you through the buying process. If you're moving to Sherman, TX, make sure to hire a great local agent. (Bonus points if you hire us!)

Buying a home in Sherman, TX or in the Lake Texoma area, can be a great investment, but it's important to avoid these common mistakes. Research neighborhoods, get pre-approved for a mortgage, and hire a local real estate agent like Spencer McDuffy to make your home buying experience smooth and stress-free. Interested in browing houses for sale in the Sherman area? Click the link below to view homes for sale!