10 Deadly Home Buying Pitfalls to Avoid
Buying a home is one of the biggest financial decisions you will most likely make. Take your time and pay attention to the details. Here are 10 of the most common home buying pitfalls that many buyers will make.
Pitfall #1 Not Understanding Agency- Real Estate Agency
is a misunderstood topic by many and can create many problems.
Basically, agency is, how a real estate agent works for you and treats
you in a transaction. One mistake many buyers make, is buying a home
at an open house directly from the listing agent. The listing agent or
sellers agent, owes the seller fiduciary responsibility..... their job
is to secure the highest and best offer possible on the property...
their duty is to the seller, not you the home buyer. A Buyer's agent
in most cases are free and represents the home buyer in the
transaction. The Buyers Agents duty is to secure the right property for the right price for the buyer.
Read the other 9 Deadly Home Buying Pitfalls to Avoid