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10 Common Mistakes Homebuyers Make

So, you're ready to take the plunge and have decided to buy a new home. Don't be a confident buyer. Here are five common mistakes that first time home buyers should watch out for.
1.    Sharing your buying needs, financial abilities and negotiating strategies to the sellers and their agents.
2.    Not knowing the ups and downs of the real estate market, especially the real estate licensees.
3.    Thinking that mortgage companies and appraisers always take the buyer's side.
4.    Thinking that sellers pay real estate agents commissions, including other closing costs and seller concessions.
5.    Neglecting the importance of realtors and other service providers.
6.    Failing to understand how contracting designs and strategies can help in negotiating for better deals.
7.    Skipping the inspection.
8.    Reducing the effect of competing buyers when preparing or negotiating for offers.
9.    Overlooking the importance of real estate agent and buyer relationship.
10.  Failing to recognize the value of preserving and enhancing of the buyer's equity status.
Purchasing a home is indeed exciting. But if you make the wrong choices and decisions during the purchasing part, you may not be able to fully enjoy your home. Investigate thoroughly to avoid a very costly mistake.


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