Real estate Common mistakes made by buyers of apartments and houses

[greenieS]

1. You do not work with an experienced real estate agency

The biggest mistake that homebuyers make is to go through the whole process of prospecting, searching, viewing, testing, negotiating, and trading on their own, without the help of a specialist. There are a lot of things to keep in mind when choosing to do things on your own. First of all, you lose the advantage of time. Because we all know the saying "time is money", well search, market research and all the steps cost you time in the first place. Why not take care of what you have to do during the day and let those who deal with this (advice and intermediation of real estate transactions) help you?

Bullseye! As soon as we fully understand your needs, we can offer you exactly what you are looking for. We have a huge database, updated daily. We can offer you properties that are not listed on any site, just appeared for sale. The information is the most valuable in this field. It can save you a lot of money. At the same time, the price is determined by the market level, but we can help you in an advantageous negotiation so that all parties are satisfied.



2. You want exactly a property like the one you saw somewhere on the internet

Some stand out harder than others because of the unimproved appearance, but with a convenient investment, you can raise the price of your house or apartment above market level. The most important aspects are location and compartmentalization. An old apartment can be renovated, but it cannot be partitioned as easily. It often happens that people who want to buy houses or apartments lose sight of hundreds of opportunities, focusing only on one aspect.



3. You don't have a set budget

A lot of people who are looking to buy houses or apartments forget about expenses. In addition to the actual purchase of the property, you must keep in mind that there will be other things to pay along the way such as renovation costs, relocation, purchase of new equipment, taxes and duties and more.

4. You are not flexible and you have too many choice criteria

It's perfect when you know what you want and find exactly what you're looking for. Unfortunately, such cases are rarer and most of the time you have to make at least one compromise. You like the location too much, the partitioning, the price is excellent, but the apartment does not have a balcony. You like the design, the chosen furniture, the partitioning and everything, except the location because it's too far from your points of interest. It is true that everyone has different tastes and different styles, but you have to take these compromises into account when searching and prospecting the market, otherwise you will be disappointed.

5. You are distracted by less important aspects and lose sight of the crucial aspects

First of all, it is normal to know what to pay attention to when viewing a home. While you are impressed by the wonder of the exorbitant colors that the light of the chandelier in the living room transmits, do not lose sight of the really important aspects. Check the structure of the house, the roof, any problems with the electrical installation, leaks, etc.

 

[Sotherefore]

It is not really compulsory for you to work with experience real estate agency if you are thinking of buying a property except you are buying property that water so much millions and in this case it is a wise decision for you to make everything official in case there is any problem , most people here that are investing in lands can be able to buy on their own without the need of third-party as long as they are able to do their own personal research about a particular area of land or building that they are investing on. It's depends on how experience you are.

 

[Immilash]

I completely agree with this, this the common mistakes that most business men and women make, not even that most people start up a business without having the idea an they expect success but they ended up getting failure.such kind of people waste their time because they only invest but they will not gain anything in return. Back to our discussion, the biggest mistakes that one can make is starting up a business without having the idea of without having a mentor. This two things are very important especially when starting up a new business. You cannot run a successful business on your own.

 

[Good-Guy]

I have always believed that experience matters a lot when it comes to investing any amount of money in real estate business. The second mistake many people tend to make is that they blindly trust the real estate agent and never analyze the conditions of the market and the value of the property on their own. It is always best to consult several people and think a lot before making an investment in real estate business. Many people also invest the capital that they cannot afford to lose and they end up suffering when the value of the property fluctuates miserably.

 

[LoukiaCharilaou]

1. You do not work with an experienced real estate agency

The biggest mistake that homebuyers make is to go through the whole process of prospecting, searching, viewing, testing, negotiating, and trading on their own, without the help of a specialist. There are a lot of things to keep in mind when choosing to do things on your own. First of all, you lose the advantage of time. Because we all know the saying "time is money", well search, market research and all the steps cost you time in the first place. Why not take care of what you have to do during the day and let those who deal with this (advice and intermediation of real estate transactions) help you?

Bullseye! As soon as we fully understand your needs, we can offer you exactly what you are looking for. We have a huge database, updated daily. We can offer you properties that are not listed on any site, just appeared for sale. The information is the most valuable in this field. It can save you a lot of money. At the same time, the price is determined by the market level, but we can help you in an advantageous negotiation so that all parties are satisfied.



2. You want exactly a property like the one you saw somewhere on the internet

Some stand out harder than others because of the unimproved appearance, but with a convenient investment, you can raise the price of your house or apartment above market level. The most important aspects are location and compartmentalization. An old apartment can be renovated, but it cannot be partitioned as easily. It often happens that people who want to buy houses or apartments lose sight of hundreds of opportunities, focusing only on one aspect.



3. You don't have a set budget

A lot of people who are looking to buy houses or apartments forget about expenses. In addition to the actual purchase of the property, you must keep in mind that there will be other things to pay along the way such as renovation costs, relocation, purchase of new equipment, taxes and duties and more.

4. You are not flexible and you have too many choice criteria

It's perfect when you know what you want and find exactly what you're looking for. Unfortunately, such cases are rarer and most of the time you have to make at least one compromise. You like the location too much, the partitioning, the price is excellent, but the apartment does not have a balcony. You like the design, the chosen furniture, the partitioning and everything, except the location because it's too far from your points of interest. It is true that everyone has different tastes and different styles, but you have to take these compromises into account when searching and prospecting the market, otherwise you will be disappointed.

5. You are distracted by less important aspects and lose sight of the crucial aspects

First of all, it is normal to know what to pay attention to when viewing a home. While you are impressed by the wonder of the exorbitant colors that the light of the chandelier in the living room transmits, do not lose sight of the really important aspects. Check the structure of the house, the roof, any problems with the electrical installation, leaks, etc.

Hi, greenieS. Your post about common mistakes made by buyers of apartments and houses is very informative. I fully agree with everything you mention in your post. Many people who are planning to buy an apartment or a house, I am sure that will find your post very helpful for them.
Thanks for sharing.

​

 

[eldavis]

Most times I don't really blame these customers for not wanting to enlist the help of real estate agents. The charges are usually too much, most customers prefer doing these transactions on their own.

 

[kayode10]

If I can see further than any other man of the same height as me it means I started on the shoulder of giants.

Another mistake is that people don't always engage in due diligence whenever they want to buy real estate property. This usually land them in a bad investment and they are going to claim that real estate investment is a waste of time

You should always do due diligence about the property you want to buy. This will help me to discover the people behind the property which you want to buy. if it happens that they have traces of criminal in their report you should try and avoid them.

 

[sincerem]

An investor or buyer must be straightforward when it comes to making a choice of a housing real estate investment, and not just being too selective. I've come across someone living in my former location here in my country, whose selection issues cost him not setting up the building to completion. He's always in the running of demolishing his building which he has built to an extent due to fine structure he saw elsewhere, being more appealing to him. To be frank, such kind of idea doesn't help. Because, we wouldn't build the finest house on Earth, their will always be others who are ahead of you when it comes to fine structures out there. So, human wants never get satisfied, we only have to do our part base on the choice at hand, and gradually improve the building after completion, and not just downing the one we've accomplished because we want the best. Such can't go down as a wise choice, others will simply look at such owner being unwise and lacking the cutting edge to put a structure down to completion. Even up to this day that man never completed his building due to such selfish mentality of he's that time.

 

[Alexandoy]

I don't believe that you need to be working with an experienced real estate agent when you are buying a house or an apartment. We bought our home by our own devices. We checked the advertisements and when we happened to like a village in a suburban town then we frequented the village to ask around for a house that is for sale. We had inspected about 10 houses before we finally decided to purchase a house. On the first instance the owner did not agree to a bank mortgage. He wanted us to pay in cash. That cannot be so the deal didn't push through. That broke my wife's heart. She cried for days so we went back to the same village and fortunately we chanced upon a poster by the village gate. That ended our search because the house was better, bigger and nearer the village gate. We are now living in that house for 20 years. Well, there is no need for a real estate agent that will only increase the price.

 

[Deleted member 28127]

It is possible that you not work with a real estate agency because many people are afraid of VAT applied and just publish on their Facebook wall or elsewhere in any social media account to get buyers or sellers to prevent paying a lot of VAT for real estate agency looking on your first point at the article.

 

[Setho]

I believe that it is very important that you should have a particular mindset and a goal inside if you want to invest into the real estate industry and not just do it because other people are finding it to be profitable. There are some people who usually do not do any kind of research before they buy a house. It is not every real estate property that you buy that you can be able to sell very easily and as such you should first of all and show that you are paying the right amount of value and it is located in a place that you can easily sell.