The Top Five BIGGEST Mistakes when Buying Real Estate

Guest post is provided by Jerry Armen, a leading Realtor of the Glendale real estate market. Jerry Armen can help you with all of your real estate needs. Check out his website for more information.

Buying a home is no small feat. There are many, many details involved in the process and for some, it can be a drawn out process. It is often a stressful and highly emotional time, but there are ways to avoid too much frustration. This article will give you some tips on making it an easier and quicker process.
Here is tried and true advice on what to avoid when looking to buy a home:

1) Choosing the wrong real estate agent.
Choosing the right real estate agent is crucial for successfully finding the right home. Your real estate agent represents you to sellers and handles most of the negotiations and contracts. Part of the reason many people become unsatisfied with their real estate agent is that they don’t interview enough people before selecting one. It’s very important to find someone that you trust and that knows how to play the real estate game.

2) Giving up too soon.
Another common issue is that many buyers become discouraged when they don’t find their dream home right away. Finding the right home can take some time, especially if you have a long list of particulars. Don’t get discouraged or settle for less than what you deserve. Many times, the most important ingredients in finding a home are patience and flexibility.

3) Making a rash decision.
It is a huge mistake to buy real estate on a whim. It’s very easy to walk into a seemingly perfect house and make a decision to buy it right then and there. Unfortunately, you may have overlooked details such as the commute to work or all of the expensive landscaping that will need to be done. It’s great to trust your instincts; however, it’s important to give this momentous decision a little time.

4) Getting into a bidding war.
Okay, I’m not saying that you should absolutely never bid against someone for a house. Perhaps, you found a home that’s truly worth raising the cost. However, in many cases, bidding wars simply cause you to lose focus. Bidding wars can become more about winning than the value of the actual prize.

5) Getting in too deep financially.
This one goes along with number 4. Many people make the mistake of spending way too much on their home. While it’s great to have your dream home, if it’s completely out of your budget, it will lead to some real problems. Buy a home within your budget and you will have much less stress to deal with in the long run.