Description

Top 10 Mistakes Buyers Make to Find Homes for Sale

Barb, buyers seem to have much fewer homes to choose from, what are some of the top mistakes home buyers make and why are there much fewer homes on the market?


 97% of Home Searches Start ONLINE
 Not ALL Sales are posted ONLINE
 Inventory Posted on Online at Record Low

Mistake 1:
 Not Hiring the Right Agent Who Can Help
you find homes NOT ONLINE

Mistake # 2: Waiting to Buy
 The inventory of available homes is Increasing
 619 Properties for Sale
 486 Single Family Homes for Sale  67% LESS

 Currently Interest Rates, ON THE RISE
 Home Prices are INCREASING:

Mistake #3 – Failing to Make Best Offer

 # of Home Sales Monthly at RECORD Highs
 Over 18,259 in 2021, rising 5-8% per year
 Not making your BEST offer when you do find a home!
 When asked – all buyers on home raised offer!
 Story Powers area Home – Best and Highest

Mistake #4 Know What You Can Afford
Most Buyers Buy on Payment Amount

 What Goes Into a House Payment
 They need to Know What Works for them
 How Long they Plan to Keep a Home
 How Much do they Have to Put Down
 What does it cost to Rent vs Owning

 How Long it Takes to Buy a Home
 Great Resource:
 BankRate.com /Mortgage Calculator

Mistake # 5 – Know the Home Buying Process Every state is a little different Not every sale is handled the same way Buyers Need to Know: How to hire the right agent How to make the winning offer How much does a realtor cost Steps to buying a home

Mistake # 6 – Lack of Understanding about the Current Market Conditions

How to KNOW the Market:
How to get the home you want
What to expect when making an offer Pros / Cons of WAITING to make an offer

Mistake # 7 – Hiring a Lazy Agent
 Most buyers don’t know how it works
 “Go look at it at the open house and tell me if you like it”
 Agents that can’t be bothered to be with you during your home buying journey should not deserve your business.
 Most buyers don’t just want to find the home but counsel on moving through the process!

Thinking of Buying a Home?
1. Become a VIP Buyer
2. Exclusive Access to Off Market Homes
3. Be Fully Prepared to Get Dream Home

a. Education about the market, competition,
best lenders

 31% Worried about Affordability
 Zillow predicts more housing price increases!
 Massive generation becoming of Home Buyer Age = 34
 Homes are getting MORE Expensive!
 Rent is getting MORE expensive

You are listening to the Real Estate Voice with Barb Schlinker of Your Home Sold Guaranteed Realty, if you are thinking of making a move call Barb at 719 301 3900 or visit BarbHasTheBuyers.com or if you want a free report the Beat Other Buyers to Hot New Listings visit: www.BarbHasTheBuyers.com and go to the BUYERS GUIDE in the upper right corner that says FREE Reports

When we come back, we will be discussing: 27 Tips to Drive Up the Sales Price of Your Colorado Springs Area Home