A recent HGTV show hosted a panel of experts that counted down the 25 Biggest Real Estate Mistakes people make. Here’s the list:
- Failing to showcase your property and make small cosmetic changes
- Setting too high of a sales price
- Buying what you want, not what you need
- Overlooking the extra and hidden costs
- Buying a property without a professional inspection
- Falling in love with the first property you see
- Skipping the loan preapproval
- Doing major renovations/remodeling before selling
- Not being proactive at closing
- Visiting the property only once
- Not setting a realistic budget
- Buying the most expensive property on the block
- Not hiring a REALTOR
- Not knowing your REALTOR
- Trusting everything a real estate advertisement says
- Buying without seeing the property
- Not thinking about resale
- Failing to market your property in different ways
- Looking at the real estate market as the stock market
- Waiting until spring to sell your property
- Tyring to make the “hard sell” while showing
- Losing money with auctions
- Not researching the neighborhood
- Not providing easy access for showings
- Buying the property for its decor
