No matter how good your real estate agent is, if you are not doing the right things as a buyer, the house hunting process could stretch out to several weeks or months. Cooperating with your agent and being logical about your choices can shorten this process. To make sure you are being a good client, here are a few things you should avoid doing:
Lowballing All Offers
If every offer you submit is being rejected by sellers, the problem is likely not them, but you. Everyone wants to get a good deal on a home, but lowballing every offer is not the way to go. When you submit a lowball offer, the seller could take offense and refuse to review any future offers.
To avoid this, take your real estate agent's advice. He or she will likely suggest an amount that you should offer. If you are not entirely sure you agree with the suggested amount, ask the agent to explain why he or she feels it is warranted.
Since you are spending your money and must live in the home ultimately selected, you probably feel as if all your needs and wants should be met. However, finding a home that meets all your requirements could be challenging. Therefore, it is important to prioritize your must-haves and wants.
Knowing what is most important to you can help the agent focus on those amenities first and then look for a home that has some of your wants. Create a list that starts with your must-haves and give it to the realtor.
Not Being Ready
Even though you might believe that you are ready to buy a home, you might not be. For instance, if you are planning to switch jobs in the next few weeks, this could impact your ability to secure financing for a home loan. Your real estate agent could spend time looking for a home that you could not ultimately buy.
To avoid a problem that could cost you and your agent time, make sure you are ready to buy the home. Every aspect of your life needs to be assessed, including your financial well-being and your relationship with your partner. If there is anything that could lead to backing out of the purchase of a home later, consider waiting to shop for a new home.
When you meet with your agent, talk to him or her about other things that could increase the house hunting process and what you can do to prevent it. Contact a company like Infinity Living for more information and assistance.