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Help buyers navigate 5 ‘gotchas’

 

CHICAGO – March 20, 2017 – Home shoppers should be mentally prepared to face annoying things. Realtor.com recently spotlighted some of buyers' biggest irritations with the buying process, and agents who get buyers into the right mindset can help them overlook some of the pesky annoyances that can cloud their perception.

Irritation number one: The "purchase diet"
The cost of saving for a downpayment, closing costs, moving expenses and outfitting a new home can really add up. Those in the market to buy tend to have to get very tight with their finances. Help them keep the big picture in mind: One day all the financial tradeoffs will allow them to move into their own home.

Irritation number two: Waiting to decorate
Buyers are often so excited about their new home that they want to immediately furnish every square inch. But it's not smart to overspend on furnishings before you move in. "If you make any major purchases on credit, this can impact your credit score and debt-to-income ratio, causing you to no longer qualify for your loan," warns Cara Ameer, a real estate pro in Ponte Vedra, Fla.

Irritation number three: The seller leaves stuff behind
Buyers can become annoyed when they go to move in and find the home hasn't been totally cleared of the seller's belongings – on occasion, the home looks like an episode from "Hoarders." Sellers are to leave the home clean and free of debris, but that doesn't mean buyers don't occasionally find half-used bags of potting soil or old milk crates lying around.

Irritation number four: Sellers who take too much
Certain fixtures stay with the home when it's sold, but that doesn't stop some sellers from occasionally trying to take even more than they should. "I had an angry seller who removed all of the lightbulbs from the house just before closing … and the buyer had to purchase all new lightbulbs for the house," says Wendy Flynn, a real estate pro with Keller Williams in College Station, Texas.

Irritation number five: Not knowing how everything works
After moving in, buyers may realize the sprinkler system and the appliances aren't so easy to operate. But there's a way to combat this: "Have your agent coordinate a time where you can meet with the seller prior to closing to go over how everything works, or ask for a list of instructions on how certain things operate in the house," says Ameer.

Source: "7 Most Annoying Things About Buying a Home," realtor.com® (March 7, 2017)

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Related Topics: Buyer services