There are many common mistakes that can be made by both buyers and sellers in the real estate industry. Here are a few things to look out for to help avoid wasting your precious time and money:
- Too high of an asking price. This is a typical mistake made by sellers. Check out the listings around you, and take note of the asking prices.
- Forgetting to hire a house inspector. It is perfectly legal to sell a house without an inspector. However, if you are a buyer, you will be unable to receive a loan for a house that hasn’t been inspected. This will decrease the number of buyers able to buy your home.
- Skimping on improvements. As a seller, you need to make necessary renovations to your home before showing to buyers.
- Viewing homes before figuring out your finances. You need to know how much you are allowed to spend before you fall in love with a home you can’t afford.
For any questions regarding real estate, please contact The Barr Team, located in Irvine!