Nick, & Cindy Davis

The way to Miss out on a Home in 10 Ways

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Buying a home might be simply probably the most stressful purchasing experiences in life. Exactly why is it so draining? Unfortunately, you’ll find numerous conditions that can make a deal fall through – specifically if you aren’t using a professional agent. We have 10 ways you could possibly miss out on the home of your dreams and just how working with Nick, Cindy & Nicholas Davis will help you avoid them:

 

The way to Miss out on a Home in 10 ways

The way to Miss out on a Home in 10 Ways

 

1. You don’t have sufficient funds in the bank for the down payment
Surprise! Homes are costly. Over and above closing costs, there could also be unexpected fees around every corner. Ensure that you have significant cushion savings in combination with whatever you plan on putting down for your house-you can’t predict how these things may play out.

2. You don’t have your ducks in a row
Staying organized is critical when you’re house hunting. Are you serious about the bid you’re putting down? Ensure that you’re fully informed about all deadlines, contingencies and paperwork associated with moving forward with your home purchase.

3. You’re shopping way out of your budget
As Andie Anderson puts it in How to Lose a Guy in 10 Days, “You can’t lose something you never had.” Trying to find houses that are priced beyond your price range is the first way to “lose a house” – you’ll lose out on a home that you didn’t have a possibility of buying. Pre-plan for the strong chance of putting in an offer over the asking price. This could mean considering homes listed a few thousand under your budget to produce padding in your budget to make a higher offer.

4. You lose a bidding war
Quick, decisive, assertive-these tend to be necessary traits to win a bidding war. Working with Nick, Cindy & Nicholas Davis who will negotiate as your representative is an effective way to make certain you play your cards right. Remember, all is fair in love and [a bidding] war.

5. You come down with a bad case of buyer’s remorse
What’s the most apparent sign of buyer’s remorse? Cold feet. Sales contracts fall through on a regular basis because buyers back out at the last second, succumbing to the concern with this kind of life-altering decision. Keep your wits about you and rely on your gut.

6. You close too slowly
Sellers are hoping to get sales contracts through as swiftly as possible. In this particular climate of popular demand and limited inventory, residential real estate is actually a hot market. There is almost always be somebody behind you, vying for your potential future home – if you truly want it, give your very best to satisfy the seller and make things official as fast as possible.

7. Your inspections aren’t timely
Talking about closing quickly-inspections will certainly take some time. If you’re lucky, all you’ll require is one inspection. If an inspector discovers any problems, you’ll need to start making appointments with specialists to check further into the house’s issues. This is often a race against the clock, restricted by the timeframe established in the sales contract. Don’t waste a moment getting the inspections going or you may find yourself without a house to inspect.

8. Your seller isn’t pleased about their appraisal
An appraisal that comes in less than anticipated is usually taken by the seller as a personal blow. This turns out to be an issue for the buyer, too. Either the seller may become difficult or, even worse, you’ll be forced to pay the difference between the appraisal and the sales price out of pocket. Ensure that you keep communication with the seller open and diplomatic when frustrations are running high.

9. You can’t secure financing
You’re so close to the finish line-and then your mortgage application is declined. Submit an application for pre-approval so the seller recognizes that you’ll have the ability to buy their house. If you are proactive throughout the purchasing process the odds of you losing the home are significantly slimmed.

10. You don’t have an agent in your corner
Not one of the above issues are simple. Having someone in your corner who is familiar with the ropes of the home purchasing process is considered the most valuable tool in your home-buying box. Don’t go it alone-let a professional assist you with the most significant purchase of your life.

Going agent-less can leave you more susceptible to losing a home you have your eye on. Without an agent you’ll end up drowning in the details. Don’t make a bet or pick someone random-hire Nick, Cindy & Nicholas Davis with RE/MAX Premier Group. The cost of our services is $0.00 to you!

Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116.

Ways Our Family Can Help Your Family

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