Avoid These 8 Common Mistakes That Home Buyers Make

Written by Posted On Saturday, 05 October 2019 03:32
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Buying a house is a big decision as many people invest their life savings to purchase their dream house hence you need to be extremely vigilant especially when you are dealing in the real estate market hence we have listed below 8 common mistakes buyers make and how can they avoid making these mistakes;

1.  Not Doing Proper Research:

Buying a house means you need to start researching the market and the current real estate rates so that your agent does not quote you an exorbitant price. You are investing in something huge; you need to learn more about how things work in real estate before investing.

2. Exceeding Your Budget:

You have a budget for a reason because that is what you can afford and expensive houses will obviously look more appealing hence do not even view a house which is over your budget as you may not like other houses that are within your budget after that.

3. Showcasing Your Love for the House:

If you love a house and show your excitement in front of the real estate agent, then the agent may take advantage of your emotions and quote a higher price for the house hence stay neutral whenever you are viewing any house.

4.  Don't Let Market Fluctuation Influence Your Decision:

The market keeps fluctuating and waiting for the right time to buy a house is endless. If buying a house is your priority, do not wait a long time for the market to go down as it is a gamble which you are not sure about.

5. Not Inspecting the House:

Just by looking at how a house looks from the outside is not enough because the house may have serious foundation issues not visible to your eyes. Most houses on the market have issues with the fittings, hinges and doors, especially the garage door which may have become outdated or needs to be repaired. If the seller agrees to let go of the house for a lower price because you will have to spend on repairing it then it is ok because you can get an expert for garage door repair Virginia Beach va. If the seller does not agree for a lower price or get the defects repaired, then do not invest in that house. In fact, we suggest you get an expert to inspect the entire house to find out if the house has any issues.

6. Settling Down for a House Because You are Fed Up:

Buying a house does not happen in a day or two. You may be searching for a house for months not having any luck hence giving up out of frustration and making the wrong decision of buying a house you do not love is not the way to go about it. Do not do this mistake, invest in a house only if you absolutely love it even if it takes you forever to find one.

7. Going Alone to View the House:

When you go alone to see a house for buying, you may miss out a few things hence always take along someone and we would suggest that take as many family members as possible so that everyone gets to inspect the house and if you have overlooked something, they may point that to you.

8. Not Reading the Contract Carefully:

Signing a contract without understanding it completely is the biggest mistake and that too if the investment is this big hence, we suggest you hire a legal expert to understand and explain the contract and clauses to you before you think of signing it off.

In Conclusion- This List is Endless:

These are not the only mistakes you can make while buying a house, there are many others, but we have highlighted the most important ones hoping that you will be able to invest in a house wisely.

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Narendra Sharma

Naren is an interior designer and real estate expert. I’m grateful everyday to my wonderful clients who have entrusted me with their homes.


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