Buying or selling a home can be a stressful process. Connecting with a realtor, scheduling showings, and negotiating with buyers and sellers are all part of the process that most people would rather skip. However, you can ensure a positive buying or selling experience by taking our advice on the top tips for buyers and sellers in 2023.
This article will discuss common mistakes that buyers and sellers make and how you can avoid them to accomplish your real estate goals this year and in the future.
Most common mistakes when buying or selling
Buyers and sellers fall into the trap of common mistakes we’ve seen over the years. Below are the mistakes buyers and sellers make most frequently.
Not working with a realtor
Some sellers believe they can list their home as for sale by owner (FSBO) to save on the 4 to 6 percent that most realtors take home as their commission. However, choosing not to work with an experienced realtor is a decision that could bite you in the end. Realtors know how to negotiate to get the best deal and analyze a binding contract that you’ll need to read thoroughly and sign.
Lackluster photography
It’s never been easier to hire a freelance real estate photographer to take professional photos of your home if you’re selling. Listings with high-quality photographs consistently get more for their homes than houses listed with poor-quality photography. Real estate photographers are affordable and typically run anywhere from $400 to $900, depending on the size of your house and several other factors.
Top tips for buyers
Start saving now. Unless you live in a rural area or qualify for a Veterans Administration (VA) loan, you’ll typically need to come to closing with a down payment. In most cases, this can range from 3.5 percent to 20 or 25 percent, although the buyer can put more money down if they choose to.
Build your credit. Lenders want to see you have a history of on-time payments with your other debt obligations, so the best way to do this is to make timely payments consistently over time.
Top tip for sellers
Use a realtor. We can’t stress it enough; you need to work with an experienced realtor if you want to get the most for your home in the shortest amount of time.
Find out why Kaya Homes is the leader in Long Island real estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Hewlett Harbor, and Freeport area.
Fri, 09 Sep 2022 18:02:16 +0000
