Costly Emotional Mistakes that Homebuyers Make

by HOMESEARCH Realty & Investments, LLC 04/21/2019

For most homeowners, a home is not just a property with four walls and a roof over their head. Over time, it becomes a place that reminds them of sweet memories spent with family and friends. Buying a home is expensive, and as a result, it is essential that you relegate any form of emotions and apply business-minded strategies in making good decisions. With this in mind, here are some costly emotional mistakes home buyers make and how you can avoid making them.

Falling in love too quickly

Buying a home can play with your emotions. But you must balance your dreams with the realities of your budget. Turn a deaf ear when the agent tells you "Oh, this house was made for you," or "It suits you perfectly," Focus on what you want in terms of space, location, maintenance, and the price. If you are buying a house, buy the one you need rather than what you want.

Allowing others to "steer" the process 

Agents and family members can be assertive in attempting to "tell" you what home to buy. What's more, friends who won't even live in the house will aggressively offer opinions about the subject. In an attempt to please others, some homeowners get highly emotional and buy a house they never liked. It is your house, and you will be the one living in it. Friends and loved ones only visit. So put yourself in charge of the buying process. 

Overpaying for a property 

Another common emotional mistake homebuyers make is paying too much for a property. Buyers—especially new ones—always tend to become desperate to buy a house or buy a house in a popular area, and most time, they end up paying far too much for the property. To avoid overpaying for a home, keep your emotional side locked and check the prices of similar houses in the area to avoid being ripped off. 

Putting the pen on paper too soon 

Generally, before you purchase a house, you need to sign a contract and pay a deposit. However, don't get too excited and sign the contract immediately you make the decision. Take your time to read through every line of the agreement. Also, get a seasoned lawyer or property professional to guide you, to ensure your interest comes first and insert any needed clauses. It is tough to make changes once you sign a contract.

Although buying a house can be an emotional experience, it is also an exciting time. Avoiding emotional mistakes, doing your research and keeping a calm head should help you to get a good home that meets all your needs.

About the Author

Author
HOMESEARCH Realty & Investments, LLC

Serving the Englewood, Rotonda West, Port Charlotte, North Port, Venice, Osprey, Nokomis and Sarasota, Florida Real Estate Market

Welcome! Bienvenue! Contact me anytime in English or French. Vous parlez Français? Contactez moi c'est ma langue maternelle!

Our Realtors services that go far beyond just listing and selling. Because each Real Estate transaction is unique, we simplify what could be a complex process into a smooth experience. We accomplish this by using the best professionals in multifaceted expertise, such as financial and public institutions, attorneys, appraisers, closing companies, insurance companies, and more. Whether you are Locally, National or Internationally located, our multilingual and multicultural Agents are focused to convey the specific knowledge needed for a successful investment. How do we make this possible for you? International networking, designated certifications and licenses, use of the latest technologies, experts forum, webinars, and much more.

Come and meet with us at our new Floridian style office, conveniently located in Englewood Florida, only a short distance away from Port Charlotte, Rotonda West, Venice and Sarasota. 

We look forward to meeting you soon,

Genevieve Poulain

     Broker/Owner

QUALIFICATIONS:

  • Geneviève Poulain is member of the National Association of Realtors since 1999
  • Member of local board EABOR Englewood Area Board or Realtor
  • Member of Englewood Chamber of Commerce
  • NAR-CIPS Certified International Property Specialist
  • NAR-TRC Transnational Referral Certified
  • NAR-SFR Short Sales & Foreclosure Certified
  • NAR-AHWDD At Home With Diversity designation
  • REALTOR of the Year 2010
  • Multi-Million Dollars Producer since 2000
  • CAM Community association management licensed in 2001

These skills added to her Associate Degree in computer science and a Bachelor’s Degree in Business Administration with a concentration in Marketing, are without any doubt the key of successful real estate career! 

Genevieve is Homesearch Broker of Record since 2008. In 2010 she become Broker/Owner.

In November 2012, she has decided to relocate her office to offer customers an easy access and a better exposure for walk in buyers. Her strategy is and has always been "a small team of experts to answer local, national and international customers needs"

Looking to buy a new home now? Looking for an experienced Homesearch agent to complete smoothly and successfully this road with you? Call Geneviève now to answer all your real estate questions, and show you the way to a stress free real estate experience.

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