Buying a home is exciting and terrifying. After all, this is the biggest financial move most people ever make. As such, there’s a lot of room for error, and even tiny mistakes can translate to tens of thousands of dollars.
The lesson here: Even the most intrepid home buyer should get some guidance not only on what to do, but also what not to do. Look no further than this list, which highlights the most common mistakes buyers make so you can avoid the same fate.
Buying a home—especially if it’s your first—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment, misguided home buyers could be doing far more serious damage—like undermining their ability to purchase a house at all. Don’t be one of them! Realtor.com asked real estate agents to shed light on some of the dumbest reasons people can’t buy a home. The good news? These flubs are easily avoidable. Read on and beware…
You’ve seen every house on the market and you’ve finally found the spot you can’t wait to call home. In fact, you’ve mentally decorated it and planned your new life, down to the barbecues and block parties you’ll have with your awesome new neighbors. Sweet!
Slow down there, dear buyer. As you know, you still have one giant hurdle to overcome: You’ve got to make the offer that wins the house. And in a highly competitive housing market, that can be easier said than done. Don’t blow your chances with any of these common home offer mistakes.
When you hire a real estate professional to help buy or sell a home, they can help free up time you would otherwise spend on sorting through listings, scheduling showings, or trying to figure out paperwork. You might even have time to focus on the fun parts of moving, such as:
- Building a Pinterest board of décor inspiration
Don’t have a particular design style in mind? No problem. Check out the RE/MAX Pinterest page for ideas.
- Clearing out the clutter with a yard sale
Remember, each thing you sell is one less thing you’ll have to pack – and unpack. Here are some top yard sale tips.
- Planning your housewarming party
You’ll want to show off the new place – especially after you’ve made it Pinterest perfect. Put together a Facebook event and start thinking about party favors to thank friends who helped you move in.
- Bargain shopping for furniture
There are plenty of options for you to furnish your new nest without breaking the bank. Here are six places to find furniture within your budget.
It’s easier to find time to prepare for your move if your agent does the heavy lifting. I’ll be happy to help; contact me today!
The internet may have entered more aspects of a real estate transaction over the past decade, but consumers haven’t abandoned their desire for a real estate professional’s assistance, according to Steve Murray, president of the consulting firm Real Trends, who has been tracking for 40 years how real estate agents conduct their jobs. In fact, consumers are willing to pay even more for real estate agents’ services. The average real estate commission paid to real estate agents has risen slightly since 2005, according to Murray.
Real estate agent jobs have stayed firm, while the internet has disrupted other industries, like travel agents and stock brokers.
“There’s not a shred of evidence that the internet is having an impact,” Murray says.
The internet may have changed how agents work—like in automating several tasks–but it hasn’t taken their jobs, he adds. The number of real estate professionals has increased 60 percent in the past two decades, Murray notes.
It’s the opposite of what so many predicted.
Planning to buy a home this spring? Then right now—yes, during these last days of winter—is the time to get rolling.
Follow these steps and you’ll be way ahead of the pack once the spring home-buying season heats up.
Buying a house in 2017 will feel kind of like you’ve jumped onto the subway just as the doors were closing. Your heart’s pounding and you’re winded from the race, but you made it—just in time.
OK, so maybe that’s a little exaggerated. But here’s the thing: Interest rates have begun to rise and will likely climb higher. Inventory is low and could shrink more. And home prices? Well, home prices are increasing—and they’re not predicted to fall any time soon.
If you don’t jump aboard the real estate train now, you might be too late.
Read more on realtor.com®…