Skip to main content

BUYER BEWARE: 3 HOME BUYING MISCONCEPTIONS


I’m here to save you pain, buyers. There are myths about the home shopping experience that must be addressed. I like to make the home buying experience as stress-free as possible, so please hear me out on these three big myths about home buying:

Myth #1: “That house has been on the market so long I bet we can work the seller down easily.”

Not necessarily. Exceptionally high days on market could mean almost anything. The seller could be bullheaded about their price. The seller may not be particularly motivated to sell for emotional or other personal reasons. Don’t forget: A sales-weary seller isn’t likely to respond to your host of rational reasons why their house should be a bargain.

Myth #2: “I want to look at foreclosed homes because they’re a real bargain and the banks need to unload them.”

Banks, like entrenched sellers, don’t always make decisions which seem rational based on obvious information. You can have a hard time divining the reason a bank chooses to reject an offer for a foreclosed or distressed property, and their decision may be based on financials which seem counterintuitive. The truth is, many distressed sales can be longer and more fraught than regular sales.

Myth #3: “I liked this house a lot, but with this market, I bet it will still be there if I decide to buy it.”

It’s very, very painful to see a client love a home but fail to make a move to purchase that home. If you fell in love with it, why wouldn’t someone else? Just because a property has been on the market a little while doesn’t mean it will stay on the market. The bonus myth in this one? Your “perfect” home is probably going to be a home with some small compromises. If you don’t make an offer on a home, you’re effectively saying, “I’m comfortable losing this home.”

My job as an agent is to represent your interests and do my best to protect you along the way. If you’re pursuing a home purchase in the near future, please get in touch. There are many other ways I can lower your stress and help you find a great home.

For more information, you can contact me

Comments

Post a Comment

Popular posts from this blog

SPRING ROOF INSPECTION

The roof is the one thing between your home and the elements... doesn’t it deserve a little respect?  Here are some roof maintenance tips to preserve your home’s value. Ah, the humble roof. We forget that the single most important structural element in our home is the roof. It provides shelter for those we love and the things we value. It’s easy to let maintenance slide on something we take for granted. With better weather days upon us, now is a good time to inspect the roof and make sure it’s up to the task of protecting your home’s value. Here are some crucial elements you’ll want to look for during a roof inspection: Are the gutters clean and in good shape? Organic debris building up in your gutters can cause water to pool and foster an environment for roof rot. Do you see any curling around the bottom edges? Are there any gaps or holes in the soffit? Are there surface cracks in shingles? Cracks warn you of impending disintegration or sepa...
Post a Comment
Read more

A SPRING SPREAD ANY BUNNY CAN CREATE

  (Culinary.net) With spring in the air, it’s the perfect time to invite guests over for a hopping party. It’s also a great opportunity to tackle that dreadful spring cleaning and spruce up your living spaces with vibrant decor for visitors to enjoy alongside a delicious recipe. With this sweet, colorful table arrangement, your whole family can get into the spring spirit. From festive utensils, a bright centerpiece and cute snacks, your spring setup can be fresh and fabulous. It’s simple to put together and easy on the budget. Pair it with appetizers or even a main dish for a full spring party spread that’s sure to impress. Find more springtime recipes at Culinary.net . Watch video to see how to create this Spring Table Spread! Chick Cheese Balls Recipe adapted from Hallmark.com Yield: 10 chicks 1  package cream cheese 1/4  tablespoon garlic powder 1  tablespoon Worcestershire sauce 1/2  lemon, juice only salt, to taste pepper...
Post a Comment
Read more

BUYING YOUR FIRST HOME: SEVEN TIPS FOR FIRST-TIME HOME BUYERS

Now that you've made the decision to purchase your first home, a hearty congratulations is in order!  Becoming a homeowner, especially for the first time, can stir up some feelings of anxiety and excitement.  With the knowledge that you gain through individual research and the help of your REALTOR®, you will soon begin to feel like a seasoned house hunter. Tip # 1: Do Your Homework Did you know that there are a number of incentives available to first-time home buyers? In Canada, there is the First-Time Homebuyers' (FTHB) Tax Credit. The Government of Canada introduced a FTHB Tax Credit in 2009 — a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief starting in 2009. Another incentive is the Expansion of the Home Buyers' Plan (HBP). To provide first-time homebuyers with greater access to their RRSP savings to purchase or build a...
Post a Comment
Read more