Common Questions

Avoidable Home Buying Mistakes

1. Not knowing how much you can afford before you make an offer on a home.
HOW TO AVOID: Get pre-qualified for a mortgage from a lender.

2. Not finding out in advance who the real estate agent represents.
HOW TO AVOID: Ask your realtor. Unless the agent is working as your buyer representative, he or she represents the seller.

3. Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest and taxes.
HOW TO AVOID: Consult with a mortgage consultant, accountant or financial planner before choosing your mortgage. A CPA can tell you the long-term effects on your income.

4. Not discovering hidden defects before buying a home.
HOW TO AVOID: Hire a professional to conduct a pre-purchase inspection.

5. Not knowing how debt can affect your ability to buy or refinance a home.
HOW TO AVOID: Ask your mortgage professional to help you review and repair your credit record in advance.


Avoidable Home Selling Mistakes

1. Setting your asking price too high because of personal need or emotion rather than fair market value.
HOW TO AVOID: Consult with a professional real estate agent to help you in pricing your home correctly.

2. Failing to “showcase” your home by highlighting the best features.
HOW TO AVOID: Thoroughly clean, repair and ready your home for showing before you put it on the market.

3. Signing a listing contract with no way out.
HOW TO AVOID: Ask your real estate agent if you can cancel your listing agreement at any time, no questions asked, prior to signing the contract or agreement.

4. Choosing an agent for the wrong reasons. For example, listing a home with the agent who works for the most popular company.
HOW TO AVOID: Select a listing agent with the best marketing plan and track record.

5. Not knowing your legal rights and obligations.
HOW TO AVOID: Consult a knowledgeable, trustworthy professional who understands the technical and legal aspects of a real estate transaction. Contracts are legally binding. Neglected details can wind up costing sellers thousands of dollars.

Contact High Pointe Realty today, your specialists in high integrity, successful real estate transactions.