Avoid These Home-Buying and Selling Mistakes at All Costs

Here’s a closer look at mistakes that all buyers and sellers should avoid.

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If you’ve been paying attention to the market at all lately, we’ve had a strong seller’s market for the past 18 months. Sellers remain in the driver's seat with respect to the transaction.

In many situations, we’re seeing multiple offers, and homeowners are picking and choosing their buyers. There are mistakes that these homebuyers and sellers are making in this competitive market, and we’re going through the top three that each side needs to avoid.

Feel free to watch the full interview, or use these timestamps to browse specific topics at your leisure:

1:15—Buyer mistake No. 1: Not showing up with a pre-qualification letter

2:05—Buyer mistake No. 2: Waiving too many contingencies

3:30—Buyer mistake No. 3: Disregarding the market value when submitting offers

5:15—Seller mistake No. 1: Not getting a pre-listing home inspection

6:35—Seller mistake No. 2: Not preparing for the tax implications of the sale

8:15—Seller mistake No. 3: Accepting sight-unseen offers

9:43—Wrapping things up

If you have any questions about these mistakes, buying or selling a home, or anything else related to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you.