Eight Mistakes to Avoid When Buying a Home (#1)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#1)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

You've been saving for awhile now, weighing your options, and casually looking around. You've finally decided to do it...you are ready to buy a home. The process of buying a hew home can be incredibly exciting but a bit stressful at the same time. Where do you start? It is essential that you do your homework before you begin. Learn from the experience of others and do some research. Learn...Read More

Eight Mistakes to Avoid When Buying a Home (#2)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#2)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

2. Allowing 'First Impressions' to Overly Influence Your Decision The first impression a buyer has of a home has been named as the single most influential factor guiding them in their choice to purchase. Ensure you make a conscious effort to examine a house as objectively as you can. Do not let the current owner's style or lifestyle impact your judgement to a positive or negative effe...Read More

Eight Mistakes to Avoid When Buying a Home (#3)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#3)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

3. Failing to have the home inspected before you buy: Buying a home is a major financial decision that is sometimes made after spent only a short time viewing the property. A home inspection performed by a competent company can assist you in entering the negotiation process with your eyes wide open, offering you added reassurance that the choice you’re making is a sound one, or perhaps aler...Read More

Eight Mistakes to Avoid When Buying a Home (#4)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#4)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

4. Not knowing and understanding your rights and obligation as listed in the MLS Contract of Purchase and Sale: Make it a priority to know your rights and obligations inside and out. A lack of understanding about your obligations may, at the very least, cause friction between yourself and the seller. Wrong assumptions, poorly written or missing clauses, or a lack of awareness of how the clauses a...Read More

Eight Mistakes to Avoid When Buying a Home (#5)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#5)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value. Neighbourhood, Home Insurance, Negotiation

5. Making an offer based on the asking price, not the market value:   I can provide you with a current Comparative Market Analysis (CMA) of the property you are thinking about purchasing.  A CMA will give you the information necessary to gauge the market value of a home and will help you avoid overpaying by answering some very important questions. What have similar homes sold for in the ...Read More

Eight Mistakes to Avoid When Buying a Home (#6)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#6)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

6. Failure to familiarize yourself with the neighbourhood before buying: Check out the neighbourhood you’re considering and if possible talk to some of the neighbours. What amenities and services does the area have to offer? Are there schools, churches, parks, grocery stores, etc. nearby? If you have children or are planning on having some, consider visiting the schools in the area and chec...Read More

Eight Mistakes to Avoid When Buying a Home (#7)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#7)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, Neighbourhood, Home Insurance, Negotiation

7. Not looking for home insurance until you are about to move: If you wait until the last minute, you may not have enough time to find an insurance policy that ideally fits you and the home that you purchased. Make sure you give yourself enough time to shop around in order to get the best deal.  ...Read More

Eight Mistakes to Avoid When Buying a Home (#8)

By: Paul McDaniel

Eight Mistakes to Avoid When Buying a Home (#8)

Tags: Buying, Home Inspection, Contract of Purchase and Sale, Asking Price, Market Value, neighbourhood, Home Insurance, Negotiation

8. Not recognizing different styles and strategies of negotiation:   Some buyers thing that the best way to negotiate their way to a fair price is by offering low. However, in reality this strategy may actually result in the seller becoming more inflexible and polarizing negotiations. Employ the knowledge and skills of an experienced realtor like myself. I know what strategies of negotiation ...Read More

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