Biggest Mistakes to Avoid When You’re Buying a House
May 13, 2022
Sure, everyone gives free advice and shares what buyers should be doing when they’re searching for a house. But does anyone ever mention what not to do? What to bypass altogether?
Business Insider interviewed a slew of real estate agents to gain their insights and advice on common mistakes to avoid in the housing market. We’ve captured the essence of this advice, below. For the full Business Insider piece, find it here.
- Don’t assume every home price is negotiable – Sometimes, homes are simply well priced to sell, as-is. If you come in with a lowball offer, you could risk missing out on a home you love — especially in the current seller’s market. (For more tips to help you survive, check out this post.)
- Don’t get sidetracked by “flashy” home details and ignore the quality of the home – Focus on the bones and the overall structure. In other words, try not to be too captivated by things like all new countertops in a sub-par location. It’s also important to look for the overall potential of the home.
- Don’t skimp on the down payment – Unless you’re paying cash, you’ll want to put down the largest down payment you strategically can in order to reduce your total expenses over the life of a loan.
- Don’t just focus on one style of home – This could potentially limit your search, so steer clear of fixating on only one type of a house. Your home is about the lifestyle of living in it, not merely seeing it from the outside.
- Don’t overlook key details – Maybe it doesn’t need replacing right away, but double-check details of the home such as the roof or a hot water heater. If not managed in a timely manner, these can be costly repair items or lead to bigger problems down the road.
- Don’t pass on a great home just because it’s early in the search – Butch Haze, a San Francisco-based realtor, notes that buyers should trust their instincts, even if they find something they love right off the bat. “Love is hard to find and should be cherished when it happens,” Haze said.
- Don’t focus too much on online listings – Sometimes doing our homework is fruitful. Other times, it’s frustrating if we’re obsessed with one listing that just didn’t look the same in person or already is off the market once there’s time to actually take a look. Trust your gut, and trust your realtor to find the most suitable place for your likes and budget.
Contact Beltmann Moving and Storage
If you’re considering a future move locally, across the country, or even overseas, Beltmann offers relocation and storage services for any size house or budget, with multiple locations across the USA. Simply call us at (866) 252-2383, or visit our website for your free estimate today.
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