Home Buyer Pitfalls – Part 1

By
Real Estate Agent with Amanda Davidson Real Estate Group Brokered By eXp Realty 0225221517

Home Buyer Pitfalls – Part 1

Buying a home is one of, if not the biggest investment most people make during their lifetime. It can be a process with many unknowns because the majority of home buyers purchase between 1 and 4 homes throughout their lives. Planning ahead and preparing for your home purchase will save you a lot of time and stress. Emotional mistakes are common among home buyers because they let feelings cloud their judgment. Buyers shouldn't beat themselves up for getting emotional though, buying a home is a big deal! That said avoiding these pitfalls can save you a lot of time and a lot of stress.

 

Home Buyer Pitfalls

 

 

Not Using A Realtor®
Sure, it's possible to buy a home without the guidance of a professional real estate agent but, stop and think about how much time and stress a good agent can save you. A top agent will take the time to consult with you and learn about your wants and needs. They can sift through listings, make appointments for the homes you’re interested in, and when you find the right home pull comparable past sales to guide you on an offer. Then the negotiations begin – most people don’t negotiate every day and it’s an art form. You need someone who is experienced in negotiation and who is capable of bringing parties together for a win-win outcome. Real estate agents also can help navigate a complex purchase contract and all the addendums that come with it. With most buyers purchasing just a handful of homes in a lifetime it’s impossible to be an expert and know all the ins and outs. An experienced agent represents 1,000’s of buyers and sellers throughout their career, you need their expertise serving you from start to finish.

 

Not Getting Pre-Approved 

Most home buyers start their search online and after seeing homes that are appealing it’s very common to want to jump in the car and go tour them but, not so fast – are you pre-approved? If the answer is no save yourself the heartache of seeing homes and then finding out you can’t qualify for them or worse, having to wait to get your pre-approval and watching the home of your dreams go under contract in the meantime. Getting pre-approved is the first step you’ll want to accomplish once you commit to wanting to purchase a home.

 

Not Considering The Resale Value Of Your Home
You've just started the home buying process and the thought of selling probably hasn’t even crossed your mind. Many buyers might think they’ll live in their home forever but, life changes and you never know when a job transfer could come up or if a change just needs to be made to meet your needs. When the time comes to put your house on the market you need to ask yourself will your home be easy or difficult to sell? Just because you love the pink bathroom doesn’t mean the next buyer will. While you're house hunting consult with you agent and take into account what the preferences of the typical homebuyer are. Resale is always something to keep in mind when purchasing a home.

 

 

 

Stay tuned next week for part 2 of home buyer pitfalls, we’ll go over 3 more topics to keep in mind when considering purchasing a home.

 

 

Have questions about the home buying process? Reach out to us – we are always happy to help. Amanda Davidson Real Estate Group 703-988-3151.

 

 

Posted by

 

Amanda Davidson Real Estate Group

 exp realty

 

 

      

 

AMANDA DAVIDSON  
l ASSOCIATE BROKER l  
l AMANDA DAVIDSON REAL ESTATE GROUP BROKERED BY eXp REALTY l

C  703.431.3755   |   O  703.988.3151  |   W  www.amandadavidson.com

A  20130 Lakeview Center Plaza #400 Ashburn, Va 20147




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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Ginger Harper 01/24/2017 12:28 PM
  2. Kasey & John Boles 01/24/2017 02:07 PM
Topic:
Home Buying
Location:
Virginia Fairfax County Alexandria Kingstowne
Tags:
buying a home
alexandria
home buyers
kingstowne
home buyer pitfalls
home buyers in northern virginia

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Rainmaker
3,881,476
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good afternoon Amanda S. Davidson ,

Bravo!! Love the video and great job with your post! I like how you have divided these out into different parts.

Jan 24, 2017 12:30 PM #1
Rainmaker
1,524,944
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Amanda S. Davidson, excellent advice for all buyers and a great video!

Jan 24, 2017 12:35 PM #2
Rainmaker
2,539,890
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Excellent post and series, Amanda. Buyers and sellers are in good hands when they hire you.

Jan 24, 2017 01:33 PM #3
Rainmaker
3,503,298
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Amanda -- I like the way you have organized this post -- clear and concise. I'm looking forward to next week's installment.   I'm sure those interested in buying in Northern Virginia will be quite interested in the advice you have shared.  

Jan 24, 2017 01:36 PM #4
Rainmaker
782,196
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Here via Ginger Harper's reblog.  I like that there are going to be several parts and that it's short and sweet - not too much info at once - and great advice. -Kasey

Jan 24, 2017 02:02 PM #5
Ambassador
3,984,458
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Sellers don't have to go through the pitfalls if they select the right agent at the beginning. This is a very informative post, Amanda.

Jan 24, 2017 03:10 PM #6
Rainmaker
2,736,010
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

This is a great series and prospective buyers will really appreciate your advice!  I make sure to remind my prospective buyers of these things too!

Jan 25, 2017 05:47 AM #7
Rainmaker
1,529,244
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you everyone! I really appreciate your feedback. It's a tight market here with low inventory so we wanted to give buyers a little advice before they dive into purchasing their next home. 

Jan 25, 2017 08:26 AM #8
Rainmaker
2,112,544
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Amanda - the video is terrific. You are a poised and graceful, most educated Broker who I know on ActiveRain. I'm sure in your area, everyone knows your name and those who don't, soon will! 

Jan 25, 2017 08:50 AM #9
Rainmaker
4,798,020
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Amanda.  Excellent tips and advice for those looking to buy a home.

Jan 26, 2017 05:50 AM #10
Ambassador
4,122,829
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Amanda

These are great tips for buyers who can often go astray without the right guidance and advice. Love your video!

Jeff

Jan 26, 2017 08:12 AM #11
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