According to the National Association of Realtors, their agents continue to see home buyers making the same 4 mistakes in the process of purchasing their new home. Read these carefully so you do not make the same mistakes when purchases your Boston home.

1.    Don’t have an unrealistic time table on closing the deal. If you are preapproved and everything is fairly straightforward, you can probably close in 30 days, however you are better off using 45 days for the closing, maybe even as much as 60 days to be safe.

2.    Ignorance about the types of financing available and whats involved in the financing process.  Buyers should become aware of the terminology for example. Also, buyers should be careful about what they say in front of lenders and lenders agents. Example: Dont ever tell a lender that “this is my first time and I really dont know how this process works and hope you can guide me through it”. You might as well tell the lender to “sock it to me” and charge me all you  can.

3    Don’t trash the home you are trying to buy in front of the seller. If you like the house and the color is pink, just keep quiet about the color and dont keep talking about how you hate the color or could the seller repaint the house a different color. Stress what you do like about the house..all the good things.

4    Forth and probably the worst of all: buyers continue to get in over their heads, and spend more than they anticipated or planned on. Keep on track!  Dont forget that you must  be able to have a reserve fund for things that will come up like unplanned repairs and fixes you will have to take care of from time to time.

VN:F [1.9.22_1171]
Rating: 10.0/10 (1 vote cast)
VN:F [1.9.22_1171]
Rating: +1 (from 1 vote)
MISTAKES BOSTON HOME BUYERS KEEP MAKING, 10.0 out of 10 based on 1 rating
This entry was posted in Purchase And Rental Advice, Real Estate and tagged , , by Maxwell. Bookmark the permalink.

About Maxwell

MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google

Leave a Reply