Don’t Make These 5 Mistakes in This Market

Here are five common mistakes we see people making in this market.

We’ve helped a lot of folks during this challenging market, and people have made the same five mistakes time and time again:

1. Overpricing your home. Even in a hot market, overpricing your home leads to longer days on market and buyers not making offers on your home. People start to wonder what’s wrong with this house and you won’t net the highest price.

2. Underbidding on a home. When you’re buying, you need to make your highest and best offer. If you don’t, you could be losing out on what would have been your dream home.

3. Not structuring your offer properly. We see a lot of people removing contingencies like inspections or waiving appraisals, but not understanding that you can structure your offer to still give you that advantage and keep the ability to do an inspection.

4. Waiting too long. People are waiting too long to make their decision and get their financing together. When their dream house comes along, they don’t have the ability to make the offer.

5. Not aligning yourself with a real estate team. An experienced team that can give you educated advice on how to navigate this rapidly changing market is invaluable.