In today’s buyer’s market, don’t let the slow economy or unending supply get to you: when you find something you like, get to it. Fast. The mindset of something being the right fit should still apply. But with less recent demand on the market, homebuyers have dragged their feet a bit to see if something they want comes along. Here are a few traps to be aware of when home buying lethargy steps in:
1.) The constant shopper. This is the biggest reasons many homebuyers never quite get what they want is home shopping fatigue. With so many choices, you have to pace yourself for showings. Once a weekend is fine, four in a weekend and you risking wearing yourself thin. There’s also the risk that one may buy too early because the price seems too good to last. In reality, they’re often too good to be true.
2.) Going too low or too high on offers. So while the over-jumping offer can leave you paying more, going too low will cause sellers to walk away. There are other costs associated with the home you’re buying, for example the remainder of the mortgage or so, that the sellers will need. Be reasonable, and be open to negotiate if necessary.
3.) Stressing over the process. It’s the reason why you consulted a real estate agent in the first place. They should be able to find a place for you, however, when you fret over the small stuff, the less likely you will be able to find a place or trap yourself with one that isn’t the fit you were looking for. Be careful not overextend yourself and asks questions as much as possible throughout the process in order to be prepared for the paperwork, the loans, and the move.