Buyers often say and do things when dealing with sellers that can cost them the deal or cause the sellers to dig in their heels and cut off negotiations. You can use the following dos and don’ts as you look at homes and talk to sellers. Don’t badmouth a home as you walk through it. [...]
Archive for October, 2011
Mistake #3: Buying a Home Before You have Sold Your Current One Part (2)
October 24th, 2011
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Unfortunately, their old home needed some work to make it saleable, and Robert and Andrea were unwilling to put time or money into it because they were focused on their new home. But when their new home was finished and ready to close, their other home hadn’t sold—or even had an offer.
Mistake #3: Buying a Home Before You have Sold Your Current One
October 20th, 2011
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If you own a home and sign a purchase or construction agreement on another one before you have sold your current home, things can get sticky. Some homeowners hope they’ll be lucky and sell their house before the deadline.
Mistake #2: Failing to Get Your Ducks in a Row before Committing Part (2)
October 16th, 2011
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In the end, they were unable to cover both the down payment and the remaining lease payments, and as a result they lost both the house and their deposit. In a similar lease situation, rather than have the deal fall through, the sellers offered to pay the buyer’s three months of remaining rent.
Mistake #2: Failing to Get Your Ducks in a Row before Committing
October 12th, 2011
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Many home buyers looking for their first home, and owners moving up to newer homes as well, cause themselves unnecessary stress and financial loss because they haven’t been organized about the process.
