3 Things many buyers do…that COST THEM A TON OF MONEY…when looking for a home. 3 things to avoid this cost.

Posted by Help Now on Wednesday, May 7th, 2008 at 1:46am.

Looking for a home? 3 things that people naturally do that end up making you pay more money for your home!

You drive by a home, you are excited, it is in the right neighborhood, so you call the sign or the homeowner at the property. Can we see it? We are right here? You go inside the home. Wow, honey, it is great. We've seen alot of homes and not many look like this. Wow..this is incredible. You leave the home. You want to come back and show your friends or family before you write an offer. You come back. Isnt it great everyone? What do you think? Think we should do it? Then you write an offer. While you write an offer you drive by it...honey lets drive by our house. So this is the natural process that people go through. Its emotional and exciting and this is why people do it.

I can't hear what you are saying because your actions are so loud!

Everytime this happens and I represent the seller selling the home, our asking price just went up. Why? Because the people arent negotiating at all. Actions show louder than words. It doesnt matter what people say anymore during the offer process. The buyer might try, "We like it but only if we can get a good deal." The seller doesnt believe that line anymore.

3 things that people do that cost them money:

The 3 things that people do wrong are the following. 1. Looking at the home..How you do it..how many times. 2. Talking too much! What are you saying? 3. Drive Bys - Your feeding your emotions! Emotional purchases cost you more money!

First, when looking at a home, avoid calling the homeowner johnny on the spot in front of the house. Call your real estate agent and make an appointment. Have your agent make the appointment. When you are calling in front of the home....its stating that you cant wait. The second part of this is don't keep going back to look at the home. Only look once! When you bring back multiple people and see the home multiple times, every time you visit the sellers home the seller wins an extra $1000 minimum in negotiating. Thats 10x more expensive than visiting Disneyland! And if you are buying your house you dont need to pay that much for a ride. Whats the solution? Make an appointment and only visit the home once. When we write contracts we give you a way to back out if your family and friends dont like it. They can come look at the home after we negotiate. This puts money in your pocket and gives you a couple weeks to think about it. Would you rather have a couple weeks to think about the offer or 1 night?

Second, Stop talking! It costs you too much. I cant count how many times Ive heard this. "We have looked at so many houses for months and we havent found anything like this home!" Bingo...you just gave my seller $5,000 in his pocket extra than what he would have taken for the house. Thanks! When walking through homes we should just be nice and neutral. Hide that excitement for later! The greatest negotiators in the world have a hard time when buying their own home even. Ive seen them cave like a 10.0 earthquake. Thats why agents buying their own home need another agent to help them. :)

Third, No Drive Bys! This is simply amazing. You would think no one would see you driving by. I cant tell you how many calls I get that the neighbors or the homewoners saw the person driving by that likes their home. Every time this happens..its like another $5,000 increase in price. What do you do? After having your agent show you the home, you stay home! :) You can have plenty of drive bys when you own it! And those ones wont cost you money!

Thats it, the three most natural tendencies people do when buying a home! Buy a home and make money everybody! Good luck!

About the Author:

Utah Dave - Neighborhood ExpertUtah Dave - Daybreak Neighboorhood Expert and Local Resident

My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.

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