There is a saying often used in the real estate industry to refer to buyers, it says buyers are liars. That is in fact not case. The perception comes from the fact that buyers often buy on emotion rather than their needs. Buying on emotions often leaves buyers passing over a potential good deal or fit and instead overpaying for their dream home.

Here are some common buyer errors and how to avoid making them.

1: Not using the right agent

Choose an agent that works in the local market and never go it alone. An agent has the skills to negotiate the best deal for one of the biggest purchases of your life. A local agent has the lay of land and knows the area well and will be able to find you the right fit.

2: There usually isn’t a better deal

When buyers keep waiting for a better deal they often miss out. When you find a house that fits your needs go for it. Don’t wait because there is no guarantee that a better deal will come on the market.

3: Overpaying for cosmetics

Look at the structure and the function of the home. Paint colors or décor don’t matter in how much the house is ultimately worth. Often buyers will pay for cosmetics and staging in a home and ignore a better deal that isn’t perfectly decorated or match their taste.

4: Not negotiating realistically

Who doesn’t want to get the lowest possible price when buying a home? Buyers need to understand there is a big difference between negotiating and lowballing. If a buyer truly wants a chance at a sale it is best to make a fair offer. Lowball offers often immediately get rejected or cause the seller to become agitated which often ends negotiations. Buyers must understand a lowball offer comes with a risk of losing the property.

Does your house need a new look? Do you think changing the look will take too much time or money? Using small changes can often have a big effect.

Here are some low-effort and low-cost ideas that can quickly transform your space:

1. Switch out lampshades and/or finials or change a chandelier

2. Reframe or rearrange artwork

3. Have favorite photos printed on canvas and hang them front and center

4. Swap throws and/or pillows

5. Change a rug or pull it up to expose hardwood or tile floors

6. Take out “high-hat” light in living room for a more ambient atmosphere

7. Give your bookcase a makeover

8. Clear the clutter

9. Switch out bar stools

10. Change drawer knobs and/or cabinet handles

11. Put new towels and/or mats in the bathroom

12. Add a hanging pot holder in the kitchen

13. Sew a fabric band to bottom of shower curtain

14. Change the draperies

15. Add flowers or plants

16. Add accessories like vases, sculptures, candles or photos

17. Lean your artwork rather than hanging it for a way to easily move it later

18. Change slipcovers

19. Use sisal rugs, which are inexpensive and in style

20. Put a decorative plate or bowl in the corners of kitchen counters (where tile meets wall) to increase flow and tie a space together

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Buying a home can be a scary and confusing process. It is easy to get confused by all of the homes, locations, and what is truly important to you when buying a home.

First you will want to determine what you can afford. To do that you will want to get preapproved. That means a bank; mortgage broker or credit union will determine how much of loan you qualify for based on your income, debt and credit score. They will give a pre-approval letter stating how much you can afford.

Now it is time to pick a real estate professional to help you find the right home, negotiate on your behalf and help you navigate through the process. It is important that you choose an agent that is reputable; you have interviewed to find a good fit and is willing to listen to your needs.

Many buyers often confuse their needs with their wants. Making a list of what you actually need and what you want or your wish list is very helpful when looking for a home. Buying a home is typically a process of elimination. Many home buyers often dismiss homes that perfectly fit their needs in search for one that has their wants. This doesn’t mean you can have your wish list, but home buying is more often defined by your budget than wish lists.

To help with this process it is typically helpful to make a list of needs and wants.

Examples of NEEDS Examples of WANTS
Reasonable square footage for comfortable living Paint, carpet, counter tops, accessories.
Bedrooms to accommodate your family Pool or Jacuzzi (unless for medical reasons)
Adequate number of bathrooms Wood floors
Eat-in kitchen Bay windows, skylights
Garage or basement for storage needs Entertainment centers,  moldings, decks and patios
Lot size to accommodate children’s play area Upgraded lighting fixtures
Adaptation for Handicapped View
Proximity to a specific school
Single floor living for health reasons

Each individual will have a different list of needs and wants. Your own list will help you evaluate homes as you go through the process. Sharing this list with your real estate professional will also help narrow down your search. The goal is to find a house that includes all of your needs and meets as many of your wants as is practical in your budget.

Colonial style house with private driveway selling AS IS. Needs some work but good starter home for the right buyer. Home has fenced in yard w/deck. deck needs some work but yard has new shed. House also has new water heater and gas range. Kitchen and bedrooms need some work or updating. A little TLC could make this a great little house. property being sold along with extra lot to right of house.

This is a Colonial style home and features 5 total rooms, 1 full bath, 3 bedrooms, 0.07 Acres, and is currently available for $136,300.

For complete details click here.

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