Watch out for these all too easy to miss buyer pitfalls
- Save time and energy down the road by getting pre-approved before house hunting
- Tardiness isn't appreciated in the world of real estate (is it anywhere?)—be on time
- Showing a little bit of respect to the home and courtesy to its seller can go a long way
- Use Home Savi to make sure your offers are organized and complete (and to save big!)
There's no doubt that buying a home can be hectic (both mentally and physically). However, through it all, keep in mind that agents and sellers are human, too. Remember to treat others like you'd want to be treated and strive to be courteous from the beginning to the end of all your interactions. Here are four other unwritten rules you should follow when going through the home buying process.
1) Get pre-approved
This should be one of the first things, if not the very first thing, you should do as soon as you're ready to actively start looking for a home to buy. We talk about it a lot for many reasons. Getting pre-approved will identify a realistic home cost, save you (and the seller) time down the road, improve your image as a buyer and even enhance your negotiating power. It really is a no-brainer! Don't get pre-approved too many times, though, as doing so requires a "hard pull" on your credit, and too many of those can hurt your credit score.
2) Be punctual
Call us old school, but being on time is important. If you're running late or need to reschedule, let the listing agent or seller know in advance as soon as possible. Try to keep last minute changes to a minimum. Everyone knows things come up unexpectedly, but remember that the listing agent has taken time out of their day to show you the home. Be respectful of that—after all, nobody likes having their time wasted.
3) Respect the home...
What is acceptable in your own home is irrelevant. Here are some tips:
- Offer to take off your shoes
- Ask for permission before taking photos or videos
- Don't bring too many people with you on your first visit
Adding onto that last point: avoid visiting the home too many times. Generally, you don't want to schedule more than three showings—you should have all the info you need after your third visit. Any more visits would signal that you're very interested in the property, which could decrease your negotiating power should you decide to make an offer.
4) ...And the seller
It should go without saying, but you'd be surprised how often buyers forget that buying a home (despite being a business transaction) is still highly personal. Sellers often are very much attached to the home they're selling. For that reason, don't offend them—or it could just put you out of the running (especially if there are multiple offers on the seller's table). Refrain from making overly negative comments about the home and its intrinsic features. You may want to switch out the tiles for something more your taste, but don't call the current ones hideous at the showing. Make mental notes instead of letting the seller know.
That being said, don't gush about how much you love the home either. This is an easy way to compromise your leverage in negotiations down the road. Lastly, avoid submitting low-ball offers, as this is almost a surefire way to offend the seller. Your offer should reflect a reasonable market value for the property, even if you think the seller is asking too much.
How Home Savi can help!
When surveyed in an Inman News Special Report, listing agents cited their number one pain point as being disorganized paperwork, missed deadlines and an inconsistent communication chain with the buyer's agent. All Home Savi offers are professionally packaged and checked for completeness before they can be sent, so you'll never need to worry about that. As far as choppy communication with a buyer's agent goes, Home Savi eliminates that completely. Since you're representing yourself, you won't need to get your bidding done through a middleman. Home Savi streamlines the entire process while saving you big.