Many homebuyers allow emotional mistakes to affect their homebuying experience. However, simply being aware of what they are can help you avoid them.

Falling in Love

Save the love and romanticism for your significant other. When buying a home, falling in love can cloud your judgement when you should be considering the return of your investment. Sure that massive window seat off the great room is the reading spot you always wanted, but it might not be worth ignoring the potential electrical problems your home inspector found. Furthermore, don’t let a particular dream feature push to to break your budget and price point.

Decisions, Decisions

Indecisiveness is a critical error in the housing market since almost every aspect is time-sensitive. Waiting around for a better home or taking too long to make your move could cause you to miss out on something just right for you, your family, and your wallet. Know what you want before-hand, and be ready to take the next step when you find what you’re looking for.

Not Negotiating Realistically

Good negotiations tactics are encouraged, but constantly lowballing is rarely going to get you anywhere, especially if you know you are more than willing to go much higher. You could risk being rejected from making an offer because you aren’t coming across as a serious buyer.

“Short Sale” Does Not Always Mean a Deal

It’s natural to think that when a home is labeled as a short sale or a foreclosure that it’s going below what it should be on the market. Sometimes, that home can be just as much, if not more, what similar homes are going for. Make sure you do plenty of research as you shop around.

Keep these tips in the back of your mind throughout your home search so that when you feel your emotions getting the best of you, you can take a step back and rely on your best judgement instead. If you ever find yourself needing more advice or the guidance of experts, we are always here at your disposal to help you along the way. Give us a call at 321-265-4000.