If you are scoping the Markham real estate market for your next property, you may have a sense of hope and excitement that could end up clouding your judgment. It’s easy to adore some of the houses you find as they look visually appealing and seem to have everything you need. However, if you fail to look close enough, you may miss some significant flaws.
Purchasing a home that’s damaged or not quite what you imagined, you may have to invest a fortune into repairs. These costs will add to your lengthy bill of homeownership costs that follow a home sale.
These are some common home buyer mistakes to avoid when house hunting on the Markham real estate market:
Falling In Love Too Fast
You may believe in the concept of “love at first sight,” which may guide your intuition to like individual homes over others. While this can assist with your decision making, it shouldn’t be your only reference for choosing a home. Make sure to use critical analysis to look at appliance placement, yard size, bedroom numbers, basement conditions, and more. Have a list of essential questions about recent repairs, quality of living in the neighbourhood, etc. Once you’ve looked at everything analytically and you’re still pleased, you’ll be sure this is the best choice for your next home buy.
Forgetting That Most Decor Won’t Come With the Sale
Many home sellers will have their property professionally staged with furniture and accents to highlight their home features and make it more appealing to buyers. You may end up distracted by all the decor rather than focusing on the home foundation and whether its features suit your needs.
Failing to Compare
If you find one property and are pleased with your investigation of its quality, you may believe that’s enough to submit the requested price from the seller. Without looking at the property’s competition’s pricing or the value of the neighbouring properties, you may end up overpaying. This could cost you thousands of dollars that could have been shaved off your payment. Other overlooked negotiation opportunities, like whether you’re shopping in a buyer’s market or if the property has been on the market for months, could leave you paying way more than you should have.
Considering these mistakes and many others, you must be prepared when buying your next home. Analyze the properties you are visiting with a keen eye for detail as you search for flaws that could make owning the property a challenge. You need to have the necessary insights into the Markham real estate market conditions and other listings, so you have possible leverage in your price offer.
Martin MacFarlane understands Markham real estate and will offer all the details you need for ensuring a property that you like is perfect for you. He will share his expert knowledge and help you navigate the home buying process, so you end up with the home of your dreams. Contact Martin today to get started.