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Top 10 Buyer Mistakes

  1. Searching without an Action Plan
    Buying a home is one of the biggest personal investments you can make. Being organized and in control will significantly contribute to achieving the best deal, with the least amount of stress. It is best to have an action plan and golas before you start looking. Your Sarasota Home Realty REALTOR® can help you lay the groundwork and assist in your decision making process. 

  2. Not being preapproved or securing an interest rate
    Being pre-approved before you begin your home search is an important step in the buying process. An interest rate guarantee protects you in times of rising rates and ensures that your initial projected payments do not suddenly escalate. Your Sarasota Home Realty REALTOR® can help initiate this process. Visit our mortgage provider page or ask for a list of lenders who offer mortgage loans tailored to your unique situation. Avoid Internet lenders, who typically fail to fund the loan in time for your closing, or heap on "junk" fees at the last minute.    

  3. Chosing the wrong location
    Whether you’re moving-up, sizing down or relocating, determine where you want to live and the best location that meets the lifestyle of your family. The most important aspect of buying real estate is Location, Location, Location! Your Sarasota Home Realty REALTOR® can help you achieve your goals by identifying the criteria and process for finding the best location. Some factors to consider are:

        http://www.sarasotahomerealty.com/templates/siteground-j15-71/images/li.jpg
        Type of home: single family, condo, town home, new construction, villa, etc.
        Home or community amenities: recreation, pool, park, etc.
        Convenience: for you, friends, work, family, recreation
        Proximity to: school, shopping, transportation, etc.
        Crime statistics for the neighborhood
        Property taxes, CDD, and other costs
         
  4. Not learning about the neighborhood
    It is impossible to learn everything about all the neighborhoods that might fit your needs. Your Sarasota Home Realty REALTOR® works with a variety of buyers and sellers and works throughout Sarasota and Manatee counties daily. Our agents know the neighborhoods and have the ability to match your lifestyle to neighborhoods in your desired area. Searching for the right neighborhood is one of the most important steps in the home buying process.

  5. Not understanding property value before offering
    Before making an offer to purchase your home, you need an accurate idea of market value to ensure you do not overpay. Everyone would like to achieve the best deal possible, but how do you know what to pay? Your Sarasota Home Realty REALTOR® will prepare a market analysis showing competitive properties. We will inform you about sales of similar homes and the recent price trends. This is the same type of information a seller receives when deciding on the list price. You should have access to the same information as the seller.

  6. Not being effective in negotiations
    Many buyers think that the best way to achieve a fair purchase price is by offering low. This strategy is common amoung uninformed buyers and most often will damage negotiations before they even begin. Knowledge is power in the negotiation process. Having all the facts essential to negotiating the best possible deal. Effective negotiating usually means a better deal with minimum hassles. Your Sarasota Home Realty REALTOR® knows how to properly present offers to maximize the likelihood of acquiring the chosen property with the most favorable terms for you, the buyer.
         
  7. Missing the best deal
    Don't miss the best deal available in the market. Your Sarasota Home Realty REALTOR® knows how to find the perfect home that meets the majority of your needs. But when you find it don’t hesitate. What is available today could be gone tomorrow. If you follow the action plan you devised with your agent, you can make a secure decision and a reasonable offer.
         
  8. Not using a competent home inspector
    Making an offer on a home usually follows time spent viewing the property. We all know something about homes but when you believe you have found your dream home an emotional attachment often follows. By hiring an independent third party to review the property you can take the emotion out of your decision. You also benefit from a better understanding and not being surprised with deficiencies costing thousands. The Sarasota Home Realty website offers several reputable home inspectors that we have worked with. Of course, the contract for purchase includes a contingency for a home inspection. If the inspection report identifies material defects, you will have the option to address the items with the home seller prior to purchase.

  9. Purchasing without a home warranty
    After the down payment, closing costs, cost of the move and all the incidental expenses associated with your new home; the last thing you need are unanticipated costly repairs. At time of negotiation, your Sarasota Home Realty REALTOR® can request that the seller purchase a home warranty for you. Some sellers will gladly pay this cost while others may not. If the property you have under contract does not include a Home Warranty, your agent can add one at time of closing. They are a relatively inexpensive item to add and the benefits can be great.
         
  10. Not using a REALTOR®   
    Your Sarasota Home Realty REALTOR® is committed to using experience from hundreds of successful negotiations to get the best deal for you, the buyer. Many times, buyers avoid using the services of a REALTOR® under the mistaken belief that it costs them money. Actually, our commission is usually paid by the seller, so there is no cost to our buyers for our service. Buyers might also be under the impression that they can negotiate a better deal directly with the seller. Wrong! Sarasota Home Realty agents are highly skilled in real estate contracts and effective negotiations. You should have a professional looking out for your best interests. Considering the importance of your home purchase, do-it-yourself can be an expensive mistake. 
  • Miscellaneous (10)
  • Single Family (6)
  • Luxury Home
  • Miscellaneous (4)
  • Single Family
  • Condo (4)
  • Villas (3)
  • The Oaks 2011 (86)
  • Downtown (5)
  • Condominium
  • Miscellaneous (10)
  • Single Family (6)
  • Luxury Home
  • Miscellaneous (4)
  • Single Family
  • Condo (4)
  • Villas (3)
  • The Oaks 2011 (86)
  • Downtown (5)
  • Condominium
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