June 3, 2012
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Homebuyer Mistakes to Avoid in the Current Market
For the past several months I’ve written about the changes in our local market and how the decreasing inventory has affected the market. It’s important that home and condo buyers understand the conditions of the local real estate market so that they can act appropriately when trying to purchase a home or condo or they can find themselves frustrated when being unsuccessful in attempting to buy the home or condo they find that is right for them.
An article about the south Florida area also applies here when it comes to how buyers need to approach a purchase and mistakes they should avoid.
Five mistakes homebuyers make as seller’s market looms
“People come in, and they think the market is 2008 or 2009, when sellers were desperate,” said Jennifer Sommers, an agent with Nestler Poletto Sotheby’sInternational Realty in Boca Raton. “They’re not desperate. Not at all.”…More at Five mistakes homebuyers make as seller’s market looms
That is true to an extent. There are some seller’s that are desparate but it is a much smaller percentage than it was a few years ago.
As a result, some buyers aren’t getting the homes they want. Here are five errors that agents and experts say buyers are making as Broward and Palm Beach counties shift to a seller’s market:…More at Five mistakes homebuyers make as seller’s market looms
They are correct though that there is a shift toward a seller’s market, as I mentioned in my most recent 1 or 2 newsletters, and that there are mistakes that buyers make when they don’t realize this.
In this article they cover 5 mistakes you can make as a buyer in this market and it is a good idea to understand these so that you don’t lose out on a condo or home you really want by making one of these errors.