Common Mistakes

Preparing to buy or sell a property is no simple task. There's many mistakes a buyer or seller could make before they have even begun working with a real estate agent. Mistakes generally cost time, money, and patience. Here are just a few of the common mistakes that have come up recently: 
 

- Poor Budgeting when making improvements or renovations 

- Functional Obsolescence 

- Poor Decision Making on Style 

- Prioritizing Projects 

- Avoiding Permits to have money & time

- Unaware of potential loan options

- Loan to Value Ratios 

- Understanding Insurance 

- The main differences between condo's, co-ops, fee simple, multifamily, and single family homes

- Negotiating Listing Agreements

- Negotiating Buyer Broker Agreements 

- Negotiating Sales Contracts 

- Types of Sales Contracts 

- Inspections 

- Flood Zones

- WDO

- The difference between a Licensed Agent & Broker 

- Realtor Code of Ethics 

- Photography & Copyright 

- Lifetime Listing Replication

- Maintaining a fresh listing 

- Chasing The Market 

- Structural Engineering Reports

- Condo Associations & Home Owner Associations

- Budget Reviews

- Current Taxes verses Future Taxes on Purchase Price 

- Home Owner Exemptions 

- Portability

- Commissions 

- Update Property Records 

- Permits 

- Qualifying for a Mortgage 

- Buyer vs Seller Market

- Inflation - Real Estate 

- FIRPTA 

- Property Taxes Referendum 

- Advalorem & Non-Advalorem Taxes

- Mortgage for Investment Purchases

- Survey

- Permeable vs non-permeable 

- Seller's Disclosure 

- Condo Documents & Rules 

- Listing inaccuracies 

- Probate 

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These are just a few of the wide number things most buyers and sellers are unaware of. Often times they must rely on their agent during a transaction with little insight and risk of ramifications. Our goal is to educate, inform, and prepare our clients for their future transaction.