|
|
Buying a Home: The 5 Biggest Mistakes that a Home Buyer Makes
|
| Saturday, December 27, 2008 |
As a Professional Real Estate Inspector I get to see and hear the good and bad things people do when buying a house. These 5 tips will help you choose the right real estate agent first.
Error # 1: Do not use an agent with any agent or listing your "agent". Not smart at all. Under the law, the agent is required to keep the best sellers interest at stake, not yours! Why connect disabled like that?
I am not aware of any State which charges a buyer for their agent. The buyers agent is normally paid by a reduction of listing fees or commissions are divided.
If you choose wisely, you can put a real estate professional at your side for you! A true buyers agent can help you negotiate a contract, fly through the mountain of paperwork, help you find the house and help you plan the necessary inspections and appointments necessary when you find your dream home.
Error # 2: Drawing on the page for your agent recommends Inspector: I am always amazed at how many people will blindly take the advice and recommendation of their agent or agent registration in When choosing an inspector.
The officials have a financial interest to have the case proceed. Why take the risk of conflict of interests by relying solely by their choice of inspectors? With a little research you can find your own home inspector who will be your best interests at stake You do not know where to start? The American Society of Home Inspectors (ASHI) has an easy to use search tool on their website. You can choose by zip code or city and state. You can find it here: http://www.ashi.org
Error No. 3: Develop non-refundable "serious money. It's like vendors to give a check, saying: "Here, you keep it. Even if we do not buy your house, you can keep our money. "It's just stupid. If your agent recommends, find another agent because they do not have your interests at stake
I have seen sellers claim to 20,000 dollars non-refundable check serious money. Fortunately, my client has a good agent and she told the listing agent "This is the most ridiculous thing I've ever heard. We'll give you the standard $ 1,000 refundable check seriously. Take or find another buyer. " The seller accepted fairly rapidly since his home had been sitting on the market for 5 months.
Error # 4: Falling in Love with the home: "Land of love struck to the original purchaser, they're building more houses every day!" The only group of consumers, I will take benefit most are those who "fall in love with a house.
They accept the terms set by a seller. They will buy the house and say "Just a little work, I can do it myself." Even if they never picked up a hammer in their lives. They left their "love" cloud their vision and their trial and end up paying heavy "stupid tax".
Error # 5: Buy more home than they can afford. It is a rule of thumb that says you should not buy a house that cost you more per month that 20 to 25% of your salary at home. I rarely see anyone following that rule of thumb today.
What I see are the consumers to buy houses which take a significant part of their monthly income. This leaves little room in their finances in an emergency, furniture, vacations, investment, etc. With the relaxed lending requirements, people buy more house than they can really afford. If you go in this direction, chances are you will pass hate this house. You must own a house, the house should not yourself.
I am not an estate agent, broker or a lawyer, nor am I a financial advisor nor do I claim to be an expert in any of these areas. The views above are my own and were obtained from experiments in the field of home inspection. Always consult with your financial planner and / or real estate agent before making decisions.
Donald Lawson is a professional real estate inspector authorized in Oklahoma (454) and Texas (# 5824) and currently owns VIP Home Inspections in Houston, Texas. VIP Home Inspections is a multi-company inspector who inspects both commercial and residential inspections. You can learn more by clicking on this link: http://www.best2inspect.com |
posted by neptunus @ 5:29 PM
 |
|
|
|
|
