5 Top Home Buying Mistakes!
Posted by True Siesta Key on
Home buying may be one of most weighty decisions you make. Feel the pressure? You're not alone. The home buying process can be an emotional roller-coaster wrought with mistakes - if you don't have the right exclusive buyer agent at your side.
Top 5 Mistakes in Buying Real Estate in Florida & Beyond
(1) Love at first sight
Don't fall too fast for a home for sale, before you've determined if you can truly have a long-term relationship with this particular house. The right exclusive buyer agent will recommend that you view at least three properties before coming to a decision.
(2) Biting off more than you can chew
You've fallen in love with a beautiful home for sale, but it's more pricey than you can comfortably afford. The right exclusive buyer agent will determine your budget before showing you homes, reminding you that you still need to eat, and maybe even send your kids to college. Make sure you're realistic with your agent from the start on how much home you can afford. Don't just consider monthly mortgage payments, but also maintenance, repairs, etc.
(3) Too good to be true
With so many houses going into foreclosure, particularly in Florida, it's often tempting to think you'll get a real deal on your dream home. There are deals out there, but usually they come with hidden price tags for repairs and more. The right exclusive buyer agent will make sure you add up all the "hidden expenses" of buying a short sale, foreclosure or "bargain property."
(4) Lowball offers
Lowball offers rarely work out the way you want. Firstly, they can really tick off a seller. Secondly, the real estate marketing is currently rebounding, and even if the seller doesn't have multiple offers on the house yet, they make be willing to wait it out rather than acknowledge low offers. The right exclusive buyer agent would never encourage a lowball offer unless you're willing to lose the property.
(5) Poor representation
When you see a house for sale while surfing the web or driving through a neighborhood, you might be tempted to call the number advertised. Beware! This is the number of the seller's representation; the real estate agent who works on behalf of the seller's interests. As a buyer, you deserve representation with 100% allegiance to your success. Make sure you contact an Exclusive Buyer Agent with expertise in your area. If you have never before experienced the services of an Exclusive Buyer Agent, you are in for a very pleasant surprise. Exclusive Buyer Agents act as both your real and virtual tour guide; your research professional, previewing and evaluating properties; and your negotiator and champion when it comes to determining the terms of the purchase.
If you're ready to tour homes or condos for sale in Siesta Key or Sarasota, Florida, contact us today. As Exclusive Buyer Agents and experts on Siesta Key and Sarasota real estate, we enjoy nothing more than showing prospective buyers and investors the exceptional real estate in Florida's Southwest.