Nine Expensive Mistakes Smart People Make

New industry insiders reports will help you avoid critical small mistakes that cost homeowners thousands.

Whether buying or selling, it is crucial that you inform yourself about the factors involved altogether and the expensive mistakes that can be avoided all  together.

Home Buyers:

Mistake #1: Not knowing how much they can afford before they make an offer

The easiest way to avoid this mistake is to get pre-approved for a mortgage by a lender so you know in advance exactly how much you can afford. Ask the lender not to just pre-qualify you, but also give you a rate hold. They will verify your income, credit history, down payment, and affordability factors.

Mistake #2: Not realizing in advance who the real estate agent represents

Most people think that the Realtor they are looking at homes with is working for them. But unless they are working as your Buyer’s Agent and you  have hired them, in writing, they represent the seller. Hire a Buyer’s  Agent to represent you!

Mistake #3: Not realizing that the wrong mortgage can cost thousands of dollars in needless interest

Mortgage brokers can offer up to 300 different types of mortgages.  Be sure you ask what the final interest rate is after all is said and done in writing.  Also, find out what works best for you as for payments– monthly payments versus bi-weekly payments.

Mistake #4: Not discovering hidden defects before they buy a home

One of the most expensive mistakes is also one of the easiest to avoid, by having a professional home inspection done. Call us for a list of the top inspection services in the area and the 4 "loaded" questions to ask prior to hiring an inspection service.

Mistake #5: Not knowing how much their credit can affect their ability to buy or refinance a home

Before you buy a home, many of the clouds on your credit history can be cleared up or even eliminated. Your mortgage professional can help you review and prepare your credit file in advance prior to making an offer.

Home Sellers:

Mistake #6: Basing their asking price on needs or emotion rather than market value

Many times, people make their pricing decision based on how much they paid  for or invested into their home. This can be an expensive mistake.  Overpriced homes take longer to sell and eventually net the seller less money. Our Free Market Evaluation will give you the information you need. Find out what similar homes are selling for in your area, as well as what your competition is doing.

Mistake #7: Failing to "Showcase" their home

First  impressions are the most important.  Experience shows that for every  $100 in repairs that your home needs, a buyer will deduct $300-$500 from their offer.

Thoroughly clean and prepare your home before you put it on the market if you want top dollar.

Mistake #8: Signing a listing contract with no way out

Most traditional real estate agents want you to sign a listing contract with no way out. When you list your home with me, you can cancel your listing agreement at any time.

Mistake #9: Choosing the wrong agent or choosing them for the wrong reasons

Many homeowners list their home with the Listing Agent who tells them the highest price, or the Realtor who advertises the most.

You need to choose the agent with the best marketing plan and track record to sell your home. Find out why 80% of our business is from introductions and how The Banderas Team has consistently helped many buyers & sellers with their move for the past 12 years.

Ask for your Free Buyer's or Seller’s Consultation. My team and I will coach you through the process and prevent you from losing thousands.

Call us at 305.992.5947 or email us at ufirstregroup@gmail.com