Date post: | 12-Feb-2017 |
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5 major mistakes when buying a homeThe Real Estate School
Smart investment The majority of real estate agents say that common mistakes are made by homebuyers. Most of the time they let their feelings of ‘the dream home’ take over and overpay. People should really think a lot more into it when buying a home as it will be one of the biggest purchases they will ever make. It is all about making a smart investment!
Overpaying for the ‘dream house’
Falling in love at first sight of the house
Looking for the better deal constantly
Lowballing instead of negotiating Accurately
Associating 'short sale' with 'deal'
5 common mistakes made …
It is true prices drop all the time, but it is not a good idea to play the odds. Every market has its ups and downs. This is where a lot of
homebuyers make a mistake by thinking there is always a better deal just around the corner. We can never predict what will happen in the market, you need to do research the area in which you are buying and be certain it meets
all your needs.
Looking for the better deal
Falling in love at first sight of the house
Love at first site is the most common problem that happens. If you see something that look’s perfect then what’s the problem? The problem
will be the fact you are probably going to overpay. If you find yourself leaping at the first property you see, you will most likely miss out any problems the house has at the time of the
viewing. These problems can cause major upset and loss further down the road when it is too late.
Overpaying for the ‘dream house’Love at first site is the most common problem
that happens. If you see something that look’s perfect then what’s the problem? The problem
will be the fact you are probably going to overpay. If you find yourself leaping at the first property you see, you will most likely miss out any problems the house has at the time of the
viewing. These problems can cause major upset and loss further down the road when it is too late.
Associating 'short sale' with 'deal'Short sale is a word designed for people
who are hunting for bargains. Most people who jump into the trap of buying a foreclosure or short sale think they are getting a great deal, when in fact they are probably paying more than they
should. The historic price of a property is what you need to be looking at.
Lowballing instead of negotiating Accurately
Everyone wants to find themselves the best deal on the market, however there is a big
difference between negotiating and lowballing. Buyers can offer unrealistic offers, when they should place a bid not too far off from where they would like to end up. Buyers who lowball will have a higher risk of losing the property.
For more information please visit
http://realestatelicensenow.com