Homebuyers: Don’t Make These 3 Common Mistakes

By Desi Williams

I'm a Real Estate Broker. I'm good at what I do, and I'll be there with you every step of the way, because I don't know any other way. I'm more than just a buying and selling agent, I'm somebody who wants to help you create your next paradise with everything that means – to you.

Buying a home is a major decision that a person can make in their life. That’s why, as a home buyer, every decision you make is important. Avoid these three common buyer mistakes that cost you time, energy, and money:

1. Waiting for more inventory. Buyers often wait to see if more homes will be available. While more inventory is entering the market, waiting too long can lead to missing out on well-priced properties since they are often the ones that go quickly. If you find a house that checks most of your boxes, don’t wait; the next perfect house may never come.

2. Waiting for lower interest rates. We are seeing a steady decline in interest rates recently, which is good. However, a significant drop to the lower sixes to five percent will lead to more buyers flooding the market. When this happens, buyers will no longer be in a better position to negotiate a bit more and get good deals on homes, like covering their closing costs.

3. Assuming sellers are desperate. Homes staying on the market for over 30 days don’t necessarily mean the seller is desperate. In today’s market, sellers know that their homes can remain on the market for 60, 90, or even 100 days. And so when buyers give a lowball offer, there’s a low chance that sellers will accept it.

The best thing to do is listen to your agent’s opinion, stay informed about market trends, and be prepared to act quickly when you find a house you like. If you have questions about these mistakes or anything else related to buying and selling, reach out to me at (208) 675-9798 or Desi@RevistaRealty.com. I’m happy to help you with your real estate needs.