Mistakes To Avoid On Your First Purchase/Sale

Mistakes To Avoid On Your First Purchase/Sale

If this the first time you’re considering buying a home, or selling your first purchase, there are a lot of possible challenges you can end up facing. Having the right agent can ensure you’re able to get through these challenges, so let’s review some mistakes you want to avoid making.

 

1. THE RIGHT PRICE

Pricing a property is a science of its own. There are a lot of components, factors, and so many small details that ultimately contribute to finding the value of a home. Although there websites with estimates, namely Zillow, the technology used by these online sites to determine property values are simply not accurate. Zillow even states that their numbers can be inaccurate up to a whopping 20%. Alaska is a non-disclosure state, meaning that the sales prices of home are not public information. Without experience as a real estate professional, and access to data on recent comparable home sales, it is virtually impossible to correctly estimate the value of a home. That is one way real estate professionals are here to help! When you’re looking to purchase a home, your Realtor® can help you get the best bang for your buck. They can help determine if a listed home is priced correctly or if it would be appropriate to offer a lower price. If you’re a seller, you may want to sell your home for as much as you can squeeze out of it, but this can lead to unrealistic expectations, and ultimately an overpriced home that takes a long time to sell. So partner with a real estate agent that truly is working for your best interest so you can place an offer, or sell your home, at a price that makes sense.

 

2. REFUSING TO NEGOTIATE

If you go into a sale, or purchase, refusing to negotiate, hard-set on what you want without exception, you’re more than likely going to cause a lot of grief and stress for yourself during the process. When you’re looking to buy or sell a home, you have to have an open mind about negotiations. They are a common practice within the industry, with buyers wanting to spend less and sellers wanting to net more. If neither party is willing to make negotiations, you’ll find yourself in a contract time and time again, only to fall apart before you can finally close on the home. Having a great agent will help you ensure you make negotiations that are reasonable to lead both parties to the closing table, without compromising your best interest.

 

3. REALISTIC EXPECTATIONS

Although we all have a dream home checklist in mind, it is likely the Juneau housing market and your budget may force you to make compromises. Find an agent that helps you prioritize your criteria when looking for a home. Keep an open mind for a home that fits most of your needs, but not necessarily all of them. Having too many expectations for your new home can cause you a lot of stress and frustration. If a home has the major components you are seeking, get creative and see if the other things you want can be added down the road.

 

4. DON’T GO IT ALONE

Don’t make the mistake of trying to handle the sales process all on your own. There is a reason that the real estate profession, and the laws around it, are as strong as ever. Real estate agents are a necessity during the sales process to ensure the right steps are taken to get a home sold. Buying and selling is a complex process that requires knowledge and expertise that comes from a professional within the industry. From legal terms, to finding homes that aren’t even listed on the market, there are a lot of ins and outs that Realtors® know like the back of their hand. Avoid the stress of “learning the hard way” on one of the biggest financial decisions of your life and find a professional that can give you the guidance you need to get the task at hand completed and ensure you’re happy with the outcome.

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