Real estate buyers and sellers make some sure shot real estate mistakes. These are to be solved by using the guidance of an expert real estate agent. There are also many articles on the web and magazines which have compiled together these flaws. Zack Childress, the owner of REI success academy which promotes automated wholesaling systems gives us a general overview about the common real estate mistakes that are made in this article. So let’s read this to learn about it.
Buying a house for its decorations
We are not buying the objects inside the home but the home itself. The decorations should not be considered above the home. We should give more importance to the square footage and the floor plan. We can also measure the dimensions and plan on how our belongings will fit in with the new home.
Don’t blindly believe what is seen on the internet
We cannot afford to blindly believe what is there on the internet. The internet is full of cheats who will fleece us into paying for a property which is not theirs. Also the property may be different when we see it in person. The pictures that we see on the internet do not reveal everything. For example: We may have not seen in the pictures that a house is backed up by train tracks and dustbin areas. So, we should always ascertain what we read or see on the internet.
Give easy access to the home
We should give easy access to the home. Our home must have a nice parking facility and it must be easier to get into the home. If buyers don’t find it comfortable, then it is a put off factor. They will start looking for alternate properties if this happens.
An owner’s title insurance should be brought
When we buy homes, we must buy an owner’s title insurance. The owner’s title insurance must be brought along with the lender’s title insurance. Otherwise if something goes wrong, the lender will be made responsible wholly financially. If we buy with cash, then we must order our own owner’s title insurance. There can be so many things that can go wrong with the title. A former owner will pop out from nowhere and claim his right to the house and so can tax liabilities.
Doing everything on our own
It’s not good to do everything on our own when we sell or buy a home. We should take the help of a real estate agent. We should select a good real estate agent who has deep knowledge on the subject. He will direct us on the market trends and a few other crucial aspects of the sale or the buy.
The above compilation of some of the real estate mistakes by Zack Childress is most vital for every real estate seller and buyer. We can benefit greatly from this reading. There are plenty of other real estate mistakes too. We must be really careful while making a real estate buy or sell since it is the most coveted purchase or sell of our life.