Thinking about buying real estate in today's market? Here are 12 Don'ts to keep in mind when looking for that new home or investment.
1. Don’t wait to shop for a home loan. Having a pre-approval letter will help you establish your price range and make your offer appear better to the sellers.
2. Don’t buy until you shop and compare. This is very important if you’re moving into a new area.
3. Don’t think you need to negotiate if the property has few days on the market and is priced at market value. Well priced properties tend to sell quickly and for near or above the asking price.
4. Don’t be afraid to offer what you think the property is worth to you.
5. Don’t work with any one less than a full service agent. One that has access to lenders, title companies, inspectors etc. Look for value added services.
6. Don’t wait for the perfect house for you. It doesn’t exist! Prioritize what is important to you in a home and search for the top priorities.
7. Don’t wait for the perfect conditions to buy. The best time to buy is when you found a home that meets most of your priorities.
8. Don’t write an unrealistic purchase offer. This will help another parties offer look more attractive to the Seller than yours.
9. Don’t work with more than one agent. Find one that listens to what you have to say, offers a Buyer’s Consultation and offers full service.
10. Don’t think all real estate agents and companies are the same. They are NOT. Find an real estate agent and company with a proven track record.
11. Don’t get too many friends and family involved in your decision. The well meaning advice will make you CRAZY!
12. Don’t be surprised if you get buyer’s remorse at some time during the process. Most buyers do. It is normal and will pass. Think about moving into your new home instead
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