As trusted Flower Mound real estate agents who want to make your home buying experience easier and less stressful, there are a few mistakes we see home buyers make again and again. There are a few myths that potential home buyers tend to believe, which aren’t always true.
At Team Nelson, we hope the debunking of the following myths will help you avoid any potential “pain” in your buying experience!
Myth #1: You love a home you have looked at, but believe that since the housing market has been down it will be there later should you decide to place an offer on it. Big mistake! If you loved it, chances are someone else will too. You may have noticed the home has been on the market for months, or even a year or longer. This does not mean someone won’t come along tomorrow and snatch it out from under you. Believe that the home will still be available in a month, two months, or six months down the road, and what you are really saying is that you are comfortable with losing what may be the “perfect” home. Are you?
Myth #2: The seller can probably be talked down to a lower selling price, since the home has been on the market for a long time. Wrong! Selling price or the condition of the housing market isn’t the only reason a home may stay on the market for an extended period of time. Maybe the seller is staunch on the price and won’t budge, which is why the home has been for sale for so long – which brings us to another point. Because it has been on the market for a while, the seller will probably be in no mood to hear all the reasons why their home should be a bargain, regardless of how rational your reasons are. In other cases, the emotional attachment to a home can actually make a seller a bit reluctant to actually make the sale.
Myth #3: Foreclosed homes should be given a look first; after all, the bank needs to get rid of them and they can be had for a song. Again, this is a myth that isn’t always true. Like sellers, banks don’t always deal in a way that is rational. The bank may reject your offer on a home that is distressed or in foreclosure for no apparent reason, which can be frustrating. The fact is, buying a foreclosed or distressed home can take longer and the process can be a real headache.
At Team Nelson, we feel our job as reputable Flower Mound real estate agents is to represent your interests and protect you from potential disappointment. We understand that you want a beautiful house that your family will feel completely at home in, at a great price. Call us today with any questions about the “myths” above, or if you’re simply in the market for a fabulous Flower Mound, Lantana, or Frisco home.