Three Mistakes Buyer's Make in a Competitive Market
Wednesday, November 28, 2012
The THREE Biggest mistake buyers make in a competitive market:
- Procrastination - Don’t procrastinate looking at what might be the perfect home! The Jones Team looks daily and sometimes hourly for homes that meet our buyer’s specific needs. Many times new buyer clients respond with, ”set up a time next week to see it!” Mistake Number One! Don’t procrastinate when the right property hits the market! The good ones wont be available a week from the time they are listed in a competitive market. If you are just starting to look you will learn this fast!
- Find an agent you trust then listen to the information and advise they give you. An agent’s fiduciary responsibility is to look after your best interest, to have full disclosure and to be honest with you. If you think your agent is just trying to sell you a home so they can earn a commission find a different agent! The client’s best interest should always be the agent’s number one priority. A good agent should never tell you what to do but should give you the options, information and let you make the decisions! Like with other professionals you hire for instance Dr’s, Lawyer or accountant ask questions and find one you trust then listen to the advise they give you so they can help you.
- Tripping over Dollars to chase pennies! Every buyer wants the best possible deal. As a buyer in a competitive market look at the big picture. Too many times buyers miss out on making tens of thousands of dollars in equity over repairs that would cost $100. Also buyers in multiple offer situations always put your best foot forward. You will be upset with yourself if you miss the perfect home for your family because your offer was beat by $100. Keep your eye on the dollars and overlook some of the pennies in a competitive real estate market!
Don’t make these three mistakes while shopping for your perfect home or investment property! If you would like to schedule a no obligation interview with the Jones team to see if we are the right professionals to help you find that perfect home or if you have real estate questions feel free to call, text or email Mark Jones or Monte Jones anytime.
