1. Buyer’s Who Keep Looking And Avoid Getting Preapproved
Danger: When the aggressively priced home comes on the market, you are behind the game because the other buyers are going to have do all of their research and already have a working relationship with a lender.
2. Buyer’s Who Are Afraid To Make An Offer
Danger: You never know the motivation of a seller. Maybe they have their eye on their replacement home and would take a lower offer today knowing that they can have the house they want!
3. Buyer’s Who Waste Time With LOW BALL Offers
Danger: Of course negotiation is part of this market…but within reason. No seller will come down 20% off their asking price…would you?
4. Buyer’s Who Think They Will Find The Perfect Home Because There Is A Lot Of Choices
Danger: Looking for the perfect home can be tiring….that is because you may never find something that meets all your needs. And your needs will change over time. So make sure you find a home that has all of the major aspects you are looking for such as neighborhood, square footage, floor plan, etc. Don’t sweat the small stuff, you can change it in time.
5. Buyer’s Who Think The Market Will Never Bounce Back And Don’t Get In
Danger: Just like stocks, real estate values are cyclical and will go through ups and downs. In the short run, it is never a good time to buy. When prices are going up like crazy….you think, I will wait until things slow down. When things slow down, you think, I will wait until things pick up.
