Tuesday, September 25, 2012

What are 5 mistakes buyers make in a HOT market?

1. Don't act out of desperation, work with a good agent that keeps all the newest listings coming to you as soon as they come on the market and view them as quick as possible.


2. Hesitation can be your worst enemy, not only can you miss out on a great home but you could have your loan approval expire right about when you find the home you really want.

3. Ignoring the market entirely is also a bad idea. You should be watching the market to see what properties are listed at and go to open houses to see homes versus prices.

4. Avoid financial fogginess, you need to get approved before you start your search for your new home so that you buy within your means and what you are comfortable with so you don't lose the home down the road and in a hot market it is best to be approved, it may get your offer accepted over one that isn't.

5. The last thing is that you never want to overpay for a home, working with an experienced agent that knows the market and keeps up with the current prices will keep that from happening. It can affect your appraisal and then you may not get the home after all.

Call Sharon Weber for all of your real estate needs  670-6776

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