Simple Mistakes to avoid when buying or selling real estatePosted on 07/02/2015
- Not knowing how much you can afford: Avoid this issue by getting pre-qualified for a mortgage from a lender.
- Getting the wrong mortgage: The wrong mortgage can cost you thousands of dollars in unnecessary taxes and interest. Before deciding on a mortgage consult with a mortgage consultant, financial planner and/ or account. A good CPA can tell you the effect on your income.
- Missing hidden defects before buying a home: Before buying a home hire an professional to conduct a home inspection.
Not knowing about debt: Meet with a mortgage professional to find out how debt can affect your ability to refinance or buy a home. A mortgage professional will help you review and repair your credit in advance.
- Setting the wrong asking price: A good real estate agent can help you price your home at the correct price. You need to remove your emotions and set a fair price
Not having your home show ready: You want to highlight the homes best features, thoroughly clean and make repairs.
Signing a listing contract without an out: Before signing, ask your agent if you can cancel your listing agreement at any time, no questions asked.
Choosing the wrong agent: Do not choose your agent for the wrong reason , for example because she/ he works for a certain company. Pick the agent with the best track record and marketing plan.
Not knowing the legal rights: Contracts are legally binding, missing details can cost you thousands of dollars. Before signing, consult with a knowledgeable and trustworthy individual who understands real estate contracts.
Any questions about buying or selling real estate, give us a call today!