CHAPTER14 Common Buyer Mistak er Mistakes
At this point, you should have a pretty good idea of your needs vs. wants when it comes to your next home, as well as a basic understanding of the home-search process. Now it’s time to take a look at common buyer mistakes. Just as homeowners make mistakes when they’re trying to sell their homes, so too do buyers when they’re looking for homes, and this applies to home shoppers across the spectrum of age and experience, including downsizers. It has likely been a long time since you’ve looked for and made an offer on and purchased a home, so it’s a good idea to learn (or relearn) some common buyer mistakes. Some buyers get caught up in the excitement of moving into a new home. And it should be an exciting time, whether it’s a first-time buyer or a more seasoned buyer who is looking to downsize. After all, you’re looking forward to enjoying a new stage in life, so it’s natural to feel some excitement. The problem comes when you start seeing through rose-colored glasses and clouded judgment. Your emotions tend to take over, and instead of remaining calm, cool, collected, and rational, you could end up making some easily avoidable mistakes — mistakes that could cost you dearly, in terms of both money as well as your goal of moving into that perfect smaller-sized home that meets your needs and most of your wants. So, yes, be excited for this next season of your life, for what lies ahead, for your new lifestyle, and your new home — but keep that
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