I was browsing one of my favorite real estate information websites, HGTV.com and came across a list compiling the 25 biggest mistakes buyers and sellers make. I found the article very accurate and insightful, only I wish I’d read it 10 years earlier. Hopefully you can avoid some of these pitfalls.
25 biggest real estate mistakes:
- Failing to showcase your home and make small cosmetic changes
- Setting too high of a sale price
- Buying what you want, not what you need
- Overlooking the extra and hidden costs
- Buying a home without a professional inspection
- Falling in love with the first property you see
- Skipping the loan pre-approval
- Doing major renovations/remodeling before selling
- Not being pro-active at closing
- Visiting the house only once
- Not setting a realistic budget
- Buying the most expensive home on the block
- Not hiring an agent
- Not knowing your agent
- Trusting everything a real estate advertisement says
- Buying without actually seeing the property
- Not thinking about resale
- Failing to market your home in different ways
- Looking at the real estate market as the stock market
- Waiting until spring to sell your house
- Trying to make the “hard sell” while showing
- Losing money with auctions
- Not researching the neighborhood
- Not providing easy access for showings
- Buying the house for its decor
The article gives a brief summary for each item, click here for the link.
If you’ve got one that they missed, I’d like to hear from you. Share it by commenting to this post.
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