Mistakes To Avoid as a First Time Home Buyer/Seller
1. THE RIGHT PRICE
Pricing a property is a science of its own. There are a lot of components and factors that ultimately lead to the value of a home. Although there are a lot of sites that provide estimates, keep in mind property values are simply “not accurate”. Zillow even states that their numbers can be inaccurate up to a whopping 20%. When you’re purchasing a home it is safe to say we all want a good deal. However, stubbornness can fog our decision when we are deciding what you’re willing to pay and what you think a home is worth. The struggle typically is when you WANT the property to be worth a certain amount and the reality is what the market is willing to pay for the house. The Mistakes To Avoid as a First Time Home Buyer/Seller can be minimized drastically if you partner with an experienced real estate agent.
2. REFUSING TO NEGOTIATE
If you go into a sale refusing to make negotiations you’re more than likely going to cause a lot of grief and stress for yourself during the sale process. It is always a better idea to have an open mind about negotiations. It is a common practice within the real estate industry for buyers wanting to spend less and sellers wanting to net more. However, if neither party is willing to make negotiations you may find yourself in a contract time and time again only to fall apart before you can finally close on the home. This is where having a great agent will help you ensure you make realistic negotiations.
3. REALISTIC EXPECTATIONS
Although we all have an idea in our mind what our dream home should be sometimes the market and your budget many not line up realistically. An agent will help with sorting through your expectations and will bring so much value. Buying and selling is a difficult process that requires knowledge and expertise that comes from a professional within the industry. There are also legal terms to consider as well as being informed about potential pocket listings. An inexperienced buyer and seller may not be mindful of the ins and outs of the real estate contractual process.
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