1. Failing to use the services of a REALTOR®
Many times buyers avoid using the services of a REALTOR® under the mistaken belief that it costs them money-or that they will be able to negotiate a better deal directly with the seller or seller’s agent. This can be an expensive mistake. If you are negotiating directly with the seller or seller’s agent, you many not be taking advantage of the best deal available in the marketplace today! I will work as your Buyer Agent-committed to using my experience and knowledge for your benefit-at no charge to you, helping you avoid costly mistakes and make your home buying experience an enjoyable, stress-free one!
2. Failing to have a Comparative Market Analysis prepared before offering
Before you make an offer to purchase that special home, you must have a good idea what the market value is to ensure you do not overpay. Your agent can prepare a Comparative Market Analysis showing what similar homes have recently sold for, and the difference between the asking and selling prices. This is the same type of report the seller receives when deciding on an asking price. Wouldn’t you like to have access to the same information as the seller?
3. Failing to recognize different negotiating styles and strategies
It is common for buyers to think that the way to achieve a fair purchase price is by offering low. This is the strategy of the buyer who is not in possession of all the facts essential to negotiating the best possible deal. Many times that type of strategy will polarize negotiations and lead to inflexibility on part of the seller-or worse yet-failed negotiations!
4. Failing to utilize a Certified Home Inspector
Buying a home is a major purchase and is usually made after spending just half an hour looking at the home. Isn’t it worth ensuring you will not be later surprised with deficiencies costing thousands? We can give you a list of reputable companies from which to choose your home inspector.
5. Not knowing and understanding your rights and obligations set out in the Offer To Purchase
It is important to understand completely the terms of the Offer to Purchase. Wrong assumptions, poorly written or missing clauses, and not understanding how the clauses affect the purchase, can lead to increased costs or a void contract. We can thoroughly explain the agreement to you and help you to fulfill your contractual obligations.
6. Letting emotion blind reason
Buying a home is an exciting time and is an emotional decision. It is important that those emotions be validated by facts and reason. As your buyer’s agent, I will help to remove the emotion from the negotiating process and provide you with the information you need to make the right decisions.
7. Failing to take the steps to be financially pre-qualified
Knowing how much you can comfortably afford will ensure you are looking in the right price range and prevent you from buying a home that will strain you financially and emotionally. Having an interest rate guarantee will protect you in times of fluctuating rates and ensure that your initial projected payments do not suddenly escalate, resulting in extra interest charges. I can help you initiate this process and can also recommend alternative sources of financing.