Old and outdated advice can be harmful when buying or selling your home.
The Lawhead Team would like to share the latest One Cool Thing about outdated advice you want to make sure you don’t follow when it comes to buying or selling a home.
People who’ve gone through the homebuying process are often eager to give advice. Unfortunately, sometimes that advice is outdated.
Check out some of the most common advice you may hear, which no longer applies given the current market:
- Wait For Spring – Waiting for the busiest season in real estate won’t always give you an advantage. Yes there may be more houses available but there’s also going to be more competition. Instead, buy when you find the right property that will meet your needs for the day – and the next five to ten years!
- Wait For Home Prices To Come Down – Some buyers may be told to wait until home prices come down before jumping into the market. But it’s important to remember that rents are likely also high. Paying high rent now and hoping you’ll find a better deal later won’t work.
- Make A Lower Offer So You Have Room To Negotiate – You may hear to make an offer that’s less than what you’re actually willing to pay so you can negotiate. A truly motivated seller is less inclined to engage in the back and forth. Instead base your offer on sales of similar homes in the area.
Be sure to talk to your REALTOR about the best approach to buying a house in today’s market.