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The 10 Dumbest Mistakes Smart People Make When Buying Or Selling A Home... And How To Avoid Them
Home Buyers
Mistake #1:
Not knowing how much they can afford before
they make an offer. Get pre-approved by a lender so you
know how much you can afford.
Mistake #2:
Not realizing whom the real estate agent
represents. Most people think that the agent they are working
with is working for them. But unless they are working as
your buyer-broker, they represent the seller.
Mistake #3:
Not realizing that the wrong mortgage can
cost thousands of dollars in needless interest and taxes.
Mistake #4:
Not discovering hidden defects before they
buy a home. Get a professional home inspection.
Mistake #5:
Not knowing how much credit can affect their
ability to buy a home. Your mortgage professional can help
you prepare your credit file in advance.
Home Sellers
Mistake #6:
Basing their asking price on needs or emotion
rather than market value. Many times, people make their
pricing decisions based on how much they paid or invested
into their home. This can be an expensive mistake. Overpriced
homes take longer to sell and eventually net the seller
less money. A Realtor can assist you in pricing your home
correctly.
Mistake #7:
Failing to "showcase" their home.
First impressions are most important. First, thoroughly
clean your home for top dollar.
Mistake #8:
Most traditional real estate agents want
you to sign a long listing contract with no way out. With
me, you may cancel at any time, no questions asked.
Mistake #9:
Choosing the wrong agent. Don’t be
afraid to check out referrals of an agent. Ask for our free
report.
Mistake #10:
Not knowing all of their legal rights and
obligations. Real estate law is complex. The contract that
you will sign is legally binding. Small items that are neglected
in a contract can wind up costing you thousands of dollars.
Consult a knowledgeable broker who understands the many
details that could save you money.
Copyright © 2001 By Referral Only, Inc.
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