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.

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