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How Not to Buy A House -- By Committee
How Not to Buy A House -- By Committee
One of the common mistakes I see first time home buyers make is involving too many people in their decision making.  Well meaning family, friends, and co-workers can give advice that interferes with the home buying process.  I experienced the worst example of this with a couple who insisted on having their entire extended family and friends view homes with them. The first house I selected met all their criteria and more.  At the time, I had no idea that this home would have to please everyone in their social circle.  This particular home was unique because of its location, size, amenities and price.  Unfortunately, the "buying committee" all had differing points of view.
Some of the committee members felt that the home needed too much repair, others thought that the buyers needed to look at a lot more homes before deciding to buy any home, others felt this home was great but surely something better would appear, and still others wanted them to continue to hunt for the best “deal.”  Of course, it’s easy to shop and shop and shop for a home, when you have a home to go back to at ... more

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