Buying a House? 3 Costly Emotional Mistakes to Avoid

For most home buyers, buying a house can be an overly emotional experience. While this cannot be avoided, it becomes a major problem when buyers allow their feelings to cloud their judgement. Don't fall into the same trap. You can avoid overpaying for your dream home by knowing how to deal with the most common emotional mistakes home buyers usually make.

Common Emotional Mistakes When Buying a Home

Falling in love at first sight

When buying a home, do your best not to fall in love at first sight since this can be your downfall. Some buyers often overlook the flaws or overextend themselves financially just because they get so infatuated with the property the moment they see it. Get a hold of your emotions, practice due diligence and make sure you have the strength to walk away, if needed. Keep in mind that buying a home is one of life’s biggest investments, so treat it accordingly.   

Believing that a short sale is a good deal

Some people think that buying a short sale or a foreclosure can give them more value for their money when in reality, it can be the exact opposite. To reduce your chances of committing this costly mistake, consider working with a professional who has an extensive knowledge of the local market.

Not negotiating realistically

All home buyers are looking for the best deal they can get but keep in mind that there is a world of difference between negotiating and lowballing. If you want to increase your chances of getting your dream home, make a realistic bid. A lowball offer can only annoy the sellers and increase your chances of getting your bid rejected and losing the property.

For more valuable tips on selling or buying a home, please visit my site at http://www.pamsantoro.bhhsgeorgia.com/. You can also contact me at 678-656-6627 if you have any questions about local market conditions, financing or anything that can help you with in your search for real estate. Remember, no one sells a home like a Mom!

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