How to avoid the Five Common First-Time Home-Buyer Mistakes
1. They don’t ask enough questions. If you don’t have answers to all of your questions how can you be sure that you will get the best deal possible. “Knowledge is
power” was coined by Francis Bacon (English lawyer and philosopher), and he was right about that.
2. They don’t act quickly enough to make a decision and someone else buys the house. Yes, if you want it, go for it. “Sleep on it until another head sleeps in it” is a common phrase. Be bold, make a decision and step out of the woods!
4. They don’t do enough to make their offer look good to a seller. Right! If you accompany your offer with a lot of complaints and strings attached the buyer will at best get grumpy. There is no need to love the
seller to death nor is it necessary to act unprofessionally. A sale is always like a poker game. Everybody wants to save face, right? What is wrong about that?
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years. Buying “this unique home” is not a great idea. It has been on the market for 600 days and you think it
is “cool”. Nobody discovered it – what a great chance. But, wait a minute. What will happen when your job gets transferred? Is it still cool to have all your money tied up in a unique home that needs again 600 days until it sells? If that is not a problem – go for it. If not – go with the flow. It will be easier to sell. Unfortunately there are more traps out there, but now you know at least how to avoid the five most common first-time home buyer mistakes.