CHAPTER 4 Real Estate Horror Stories
You’ve probably seen frightening stories like this on TV. Perhaps you’ve heard about them from neighbors or co-workers, but you still haven’t witnessed anything like them yourself. Be warned. The first time is one time too many. Now that you’re in the market for your first home, or maybe a second or
third, congratulations! Buying a new home is one of the biggest achievements for many people. Unfortunately, homebuyers — especially first-time buyers — can be the victims of real estate horror stories. Absolute horror, from the buyer’s perspective. Here are a few examples. Some of these stories come from agents from around the country and some are my own.
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Alex was excited about making her first home purchase in 2016. Being in the Washington, D.C., area, she was limited with pricing options, with many of the lower-cost homes around $250,000. Her agent recommended several trusted mortgage lenders to her however she preferred to do her own shopping. She went to several banks and got pre-approved for different amounts at various lower interest rates. She found her dream condo, and, after some deliberating, she decided to put in an offer. She also 44
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