5 Mistakes in Home Buying. Hiring a Fort Lauderdale Florida agent will help you avoid them

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An average person might not be familiar with all aspects of buying a home. A professional real estate agent’s job is to manage all aspects of the home buying process. Homebuyers are at risk of making costly mistakes, which could endanger the deal or cause them to be left with huge financial debts. These are five home buying mistakes that a Fort Lauderdale Florida professional can help you avoid.

Offering Too Little

Sellers desire the highest price, and buyers want the most profit. Everyone must understand that there is a sweet spot in the market for offers. Sometimes, you can get away without any inspections if you just buy the property “as-is.” You will most likely insult the seller if you advertise the property that way. They won’t even open negotiations with you. You can also offer a listing price that is not considered due to the seller having multiple offers.

A good real estate agent understands the market conditions, property pricing and is able to feel out sellers or the seller’s agent to see what might be considered or not. When agents talk to each other, more information behind the sale is often revealed, helping you the buyer get a better starting point for an offer.

Bypassing Inspections

Unless you know how to fix plumbing, electrical, termite damage and any series of other potential existing or impending problems in a house, you don’t want to bypass inspections. Even a new home might have issues with it that could be costly if discovered after the sale is complete. While there are those who do waive rights to inspections, these are often investors that are either contractors themselves or have access to the best to sweep into a home and whip it into shape.

Once escrow closes, the responsibility is the new owner’s. But if an inspection shows existing and potential problems, the new buyer is able to negotiate to have items fixed or reduce the price of the home based on the problems. Your agent will keenly advise you to pay for at least one general inspection.

Forgetting Contingency Timelines

It is easy to forget about timelines when there are so many things going on during the home-buying process. They are all confusing as they are based upon trigger events. Nineteen days after the opening of escrow… Is that the date you wrote the check or the day escrow received the documents? Or the actual day that the file was opened by escrow? This may not seem to be a big deal, but if you miss a deadline, you forfeit the right of exercising options during that contingency time. You can’t get inspections if you miss an inspection deadline. This is not true. While you can still inspect the property, you will not be able to negotiate if there is any problem. If you walk away, your deposit will be forfeited. Your agent will keep you on track.

Negotiating Incorrectly

Negotiating is a stressful thing for homebuyers. Most homebuyers already envision their kids in the tree swing and backyard bounce houses. Yet the price of a home is the largest purchase most people will ever make. This means a homebuyer is caught between desire and fear.  A real estate agent helps focus the negotiations to what is realistic. By removing the actual buyer from the process of negotiation, the agent is able to remove the fear component which tends to keep things less heated and allow all parties to come to an agreement.

Do not use professional resources

It might seem sensible to call Uncle Joe, a plumber, to inspect the house before you pay for inspections or other costs associated with buying a home. It might work, but it may not. Uncle Joe may not be able to inspect the lines and see if there are any tree roots. A professional inspector will look at a home differently than a repairman. Many service providers that offer inspection services have trained technicians who can inspect a home during the purchase process. This allows buyers to get the right information to make an informed decision. Your realtor will ensure that all information is reviewed, understood, and interpreted in order to help you make an informed decision.

Company

We also have agents who specialize in Rent-to-own, so if for any reason you are unable to own your own home now. We have the solution and have agents ready to assist you on your way to homeownership.

SO, ARE YOU READY TO PURCHASE A HOUSE IN Fort Lauderdale Florida? WE CAN HELP! GIVE US A CALL TODAY! Sellers: 954-281-7487
Buyers: 954-247-4285

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