Most homeowners have lots of questions about real estate agent commissions… Why should I pay 6% to sell my home? Because that’s what agents are charging? Because that’s the way it’s always been? Hasn’t technology helped agents to work more efficiently? Shouldn’t that reduce their costs? Why don’t they lower their prices? ANSWER: Technology HAS […]
#7: Closing Time! The seventh common mistake that most home buyers make is forgetting some of the final steps required in order to close the deal and move in without any extra stress. When the closing is just around the corner, here’s what you need to do: schedule movers call utility companies to start service on […]
#6: Request Repairs. The sixth common mistake that most home buyers make is either not requesting repairs or requesting too many repairs. If you have an inspection contingency in your purchase contract, you have the right to request that the sellers make repairs as recommended by your home inspector. These repair requests are supposed to be limited to […]
#5. Call Your Lender. The fifth common mistake that most home buyers make is not staying in touch with their lenders. Although your agent should remind you about contract deadlines related to your financing contingency, it’s your responsibility to make sure that your lender has all the information they need in order to process your loan. Here are a few […]
#4: Do Your Research. The fourth common mistake that most home buyers make is forgetting to do their research. Although most home buyers hire a home inspector to evaluate the home, they often overlook external factors in the neighborhood that effect the use of the property, resale value, and the home owners’ quality of life. Here […]
#3: Make An Offer. The third common mistake that most home buyers make is not knowing the home’s value before making an offer. The “Let’s Try This and See What They Say” method of negotiating with sellers can quickly result in losing the home of your dreams. Before you make an offer, ask your agent to complete […]
#2: Select Your Criteria. The second common mistake that most home buyers make is being too specific when selecting their search criteria. The old rule of thumb – “Less Is More” – definitely applies here. Start with your basic needs: number of bedrooms number of bathrooms maximum price your favorite suburb(s) or school district(s) Although it’s important to […]
#1: Pick Your Team. The first common mistake that most home buyers make is searching for houses before picking their team. When they ask for more information about a home they see online, buyers are contacted by a few different agents. Then the buyers decide which of those agents they want to help them. What’s wrong with that? The […]
Some homeowners try to save money by selling their homes on their own. They think, “The market is hot, right? Why not do it myself and save thousands of dollars?” On the surface, this seems like a no-brainer. Who wants to pay commissions to real estate agents if they don’t have to? Although most FSBO […]