We’re going to review some of the common mistakes that first-time buyers make, and we’re going to show you how they can ruin your opportunity to buy your first home. How to avoid those types of blunders? You'll find out in our HousePro Academy online course, Home Buying 101.
MISTAKE #7: Trying too hard to get a bargain
The seventh mistake some buyers make, is trying too hard to get a bargain. You want a bargain, don’t you? So do I! Who doesn’t want a bargain? We all like bargains! But we don’t want to try too hard by offering the seller an extremely low offer price. That can spoil the deal for you. Sellers often are particular about their house, and when they get a low offer, the seller is offended and ignores the offer. They won’t even reply back to your offer and because they take it personal, they’ll probably reject any future offers you make. Remember that the sellers have probably lived in their home for many years, raised their family in the house, and they are proud of it. So we don’t want to insult the seller by making a low-ball offer. When you write your offer, make sure that you’re fair to all parties and most importantly, you want everyone to feel like it’s win-win. And that’s really the best way to get a bargain. When you offer a fair price and treat everyone with respect, I guarantee you’ll get a great deal and you’ll be happy with it.
Here's other common mistakes that you DON'T want to make:
- Mistake #1: Not checking credit report in advance
- Mistake #2: Mis-calculating budget / housing costs
- Mistake #3: Skipping the home inspection
- Mistake #4: Not doing your "due diligence" research
- Mistake #5: Buying furniture or car before closing
- Mistake #6: Not understanding the process
Stay tuned for our 7-part series!
Regina P. Brown
Broker / Trainer
California Coast & Country Homes, Inc.
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