By: Jerika P – i-Lead Realty Social Media Manager
The process of buying a home is emotional, and sometimes these feelings can cause you to make poor decisions. Here are some mistakes you should steer clear of when looking for a home.
1. Not Using an Agent
Working with a real estate agent is your best choice if you’re that serious about buying a house. About 88% of buyers bought their house through a real estate agent or broker, according to a National Association of REALTORS® survey. The last thing you would want to do is show up at an open house without a buyer’s agent and start negotiating or transacting with the seller’s agent. It could be that you dont know how much real estate agents do until you’re trying to do their job for yourself.
2. Lacking Vision
You should have a vision in mind before you begin house hunting. You must be able to tell what can be fixed and what cannot. Even if a home may have some minor issues that you believe you can handle on your own, like altering the wallpaper, you should think about staying within your budget. Don’t let tinkering with the design or making superficial adjustments fool you. These are low-cost techniques that salespeople use to appeal to your emotions and command a much higher price. Sellers may spend up to $2,000 on minor upgrades or thousands of dollars on staging.
3. Getting Desperate
If you’ve been looking for a house for a while but haven’t been successful in finding what you want, you may feel desperate and decide to buy a house that you may later regret. Wait a little longer if you still have time. You will undoubtedly find something you can live with if your demands are reasonable given your financial situation. In some locations, new homes are listed for sale every day.
Hope these house-hunting mistakes will help you in finding your next dream house.
We know how hard it can be to house-hunt. Which is why we recommend finding a real estate professional. If you are searching for a Real Estate Professional or would like to learn more, you can contact us here.
Are we in a housing bubble? Here’s what some of the most successful realtors in the country say. Watch the video here