The Things REALTORS® Wish You Knew
Whether you’re buying or selling, working with a REALTOR® can make the process easier and help you avoid many common real estate mistakes. The following are NUMBER things REALTORS® wish you knew about the buying and selling process.
- Looking at homes you can’t afford leads to disappointment
For potential buyers, it can be extremely tempting to use the home shopping experience as an excuse to look at million dollar listings or tour their dream home – even if they know they can’t afford it. Unfortunately, looking at homes significantly out of your budget can lead to unrealistic expectations and disappointment; a cute but compact kitchen in a $200,000 listing just can’t compare to a sleek and stainless kitchen in a $500,000 home.
To avoid this mistake, make sure to focus on homes with a mortgage you can afford. Getting preapproved for a mortgage before you start looking for homes can ensure you focus in on a price range that you can comfortably afford; by avoiding looking at houses you can’t afford you’ll be less likely to be disappointed when shopping for a new home.
- Turning away a showing could be turning away a buyer
When selling a home, it is important that everything from the baseboards to the ceilings is neat and tidy. Unfortunately, this can make for difficult living conditions for homeowners while they wait for the house to sell. This can lead to owners refusing a showing. When your home is on the market it is important to keep it show ready at all times; every showing could be your home’s potential buyer. While it is a hassle to keep a home “tour ready” at all times, it can help your home sell faster.
- Don’t be insulted by low offers
Lowball offers are annoying, and depending on how low the offer is they can be downright insulting. However, it is important not to take a low offer personally. Likewise, they shouldn’t be ignored completely; instead of rejecting a low offer, make a reasonable counter. While it may be tempting to reject an annoyingly low offer outright, it prevents them from making a counter offer that is closer to asking price. If you cut off negotiations too quickly – even if the first offer is insultingly low – you might miss the offer that could sell your house.