Real
Estate is a business where a small mistake can cost you thousands of dollars
whether you are a seller or a buyer. In our real estate career, we all are
sometimes sellers and sometimes buyers. Therefore, it is very necessary that we
must understand how to avoid most costly, slight yet most common real estate
mistakes.
Dean Graziosi believes that although almost all of us know what kind of
mistakes we did in past, we are bound to repeat them again.
For a
good realtor, it is very necessary that we must learn lessons from past
mistakes. Dean Graziosi is a realtor with more than two decades of experience. He
is a bestselling author and designs courses for real
estate aspirants.
Dean is also famous for his infomercial series. His infomercial Motor Millions
is running since 1998.
Dean
started his career with auto parts and gradually turned to real estate. A
run-down apartment building was his first real estate deal. The deal went
successful and opened new paths of success and fame for Dean. Today he signs
more than 50 real
estate deals
every day. There are a number of agents working for him. He conducts live
seminars on real estate and teaches aspirants how to get most out of the real
estate deals.
In the light
of Dean's teachings, let us have a look on common real estate mistakes that we
often repeat.
A Lavishly Decorated House-A
Neglected Entry:
Number
one mistake that most of the sellers repeat is neglecting your entry, lawn and
outdoors. When a buyer enters a house, the first thing that grabs his attention
is lawn and outdoors. If there is a messy lawn and neglected outdoor than your
interior will not put any impact.
A Very High Sale Price:
Often
sellers put a very high sale price for their property. A sales price higher
than market rate acts as a repellent for buyers. No one is willing to pay extra
in an area where larger houses are available in lower rates than yours is.
Money Matters:
Most of
the buyers overlook expenses related with purchase of a property. They think
that it is upfront, all that they have to pay for their home. Contrary to this
misconception, the expenses start after paying upfront. There are bills, taxes,
agent's commissions and possible repair, maintenance and staging expenses, to
name just a few.
Neglecting Importance of a Home
Inspection:
There
are various factors why buyers as well as sellers neglect inspection of the
house. No matter what the reasons may be, skipping a professional inspection
can create trouble for both sellers as well as buyers. There are some hidden
repair and maintenance works for buyers. Whereas for sellers, the buyers might
plot some falsified repair maintenance charges.
Home Staging and Extra Costs:
Dean
Graziosi suggests that although staging is a very important and essential part
of your home selling, shelling too much money on staging and interior
decoration is not going to pay off. You can go for necessary modifications but
investing on huge alterations is no more than a big mistake and a loss of
money.
Visiting House Just One:
Before
making final decision, it is essential to visit prospect property more than
once. You must visit the property at daytime as well as at nighttime. Think thoroughly
before finalizing the deal.
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