Below are some common mistakes made
by homebuyers. Keep these items in mind while you look for a home. By realizing
what to avoid, you should have a more successful experience. Transferees should
pay special attention. Typically, transferees move more often than other
homebuyers and purchase mistakes cannot always be overcome by appreciation over
time.
Working with a real estate
professional who does not possess adequate knowledge of the area and relative
property values.
Working with a real estate
professional who is unable to identify customer needs, recognize when those
needs change and identify a sensible process for reaching decisions.
Purchasing without considering
issues of resale.
Purchasing the largest, most
expensive or over-improved home for the neighborhood.
Purchasing emotionally for such
things as personalized decor or status, ignoring the consequences of buying an
overpriced property.
Purchasing new construction in an
area that is less than 80 percent developed.
Purchasing in an area inconvenient
to employment centers.
Purchasing a home that does not
have adequate features for the price range or has an unpopular floor plan.
Purchasing with the intent of
remodeling, extensively redecorating or reconditioning a poorly maintained
property.
Purchasing in an area that is
experiencing declining value.