Mistakes To Avoid On Your First Purchase/Sale

You’re considering buying a home, or selling your first purchase. But there are a lot of possible challenges you may face. Having the right agent is the best tool to get through these challenges, so let’s review some mistakes you want to avoid.

1. THE RIGHT PRICE

Pricing property is a science. There are a lot of factors that go into finding the value of a home. Although some websites provide estimates, they admit their numbers can be inaccurate. Alaska is a non-disclosure state, those websites don’t have access to sales prices. Without that information, it is impossible to correctly estimate the value of a home. Local real estate professionals are here to help! When you’re looking to purchase a home, your Realtor® can help you negotiate the best bang for your buck.  If you’re a seller, you may want to sell your home for as much as you can get. But overpricing your home is a big mistake resulting in many days on market. So, partner with a real estate agent so you can place an offer, or sell your home, at a price that makes sense.

2. REFUSING TO NEGOTIATE

If you go into a sale, or purchase, refusing to negotiate, hard-set on what you want without exception, you’re more than likely going to experience a lot of grief and stress during the process. When you’re looking to buy or sell a home, you have to have an open mind about negotiations. Buyers want to spend less and sellers want to net more. If neither party is willing to negotiate, neither party will be able close on the home in the end. Having a great agent will help you ensure you make negotiations that are reasonable to lead both parties to the closing table, without compromising your best interest.

3. REALISTIC EXPECTATIONS

Although we all have a dream home checklist in mind, it is likely the Juneau housing market and your budget may force you to make compromises. Find an agent that helps you prioritize your criteria when looking for a home. Keep an open mind for a home that fits most of your needs, but not necessarily all of them. Having too many expectations for your new home can cause you a lot of stress and frustration. If a home has the major components you are seeking, get creative and see if the other things you want can be added down the road.

4. DON’T GO IT ALONE

Don’t make the mistake of trying to handle the sales process all on your own. There is a reason that the real estate profession, and the laws around it, are as strong as ever. Real estate agents are a necessity during the sales process to ensure the right steps are taken to get a home sold. Buying and selling is a complex process that requires knowledge and expertise that comes from a professional within the industry. From legal terms, to finding homes that aren’t even listed on the market, there are a lot of ins and outs that Realtors® know like the back of their hand. Avoid the stress of “learning the hard way” on one of the biggest financial decisions of your life and find a professional that can give you the guidance you need to get the task at hand completed and ensure you’re happy with the outcome.