Current real estate conditions and low interest rates do make for favorable conditions for home buyers, but there are still a few buyer mistakes that turn off home sellers and can kill a real estate deal under any condition. Don’t miss out on the house you love. Avoid these home buyer mistakes that turn off home sellers.
3 Buyer Missteps That Turn Off Home Sellers
Home buyers may feel a false sense that all transactions come down to them, but home sellers can certainly pick and choose who they do business with. Here are the biggest missteps home buyers make that turn off home sellers.
LOW BALL OFFERS. A low ball real estate offer is not only insulting, it’s an easy way to turn off home sellers. Of course home buyers want a good deal on the house they are buying, but offering well under home appraisal probably won’t get you far in the deal.
Solution? Home buyers should work with an experienced Realtor who can compile market comps and current real estate transactions in the area to see how homes are selling in that market. At Capital Residential we work with home buyers to give them a more precise sense of offers that match real estate inventory based on our comprehensive market reports.
CRITICISM. Very rarely does a home buyer love everything about a home, but some home buyers take their criticism of a home a little too far. Buyers with an overly critical eye can turn off home sellers and sour the deal. The mural or backsplash that one home buyer finds horrendous may have been a labor of love for the current homeowner. Hurt feelings are sometimes just enough to turn off home sellers.
Solution? If the home seller or their agent is in earshot refrain from negative comments about décor or taste. These things are subjective, and harsh comments coupled with sensitive home sellers can wreck the transaction. Speak up if there’s a legitimate concern about the property, but keep comments about the home seller’s style to yourself.
LOAN ISSUES. So a home buyer has made an offer, the home seller has accepted, and then the loan falls through. It happens, and when it does it will turn off home sellers, and create dissatisfaction for everyone. Home buyers want to work with qualified home buyers so that when an offer comes in and the home is taken off the market, they can be certain the transaction will take place.
Solution? Get preapproved for your mortgage. This will put your mind and the home sellers you interact with at ease. At Capital Residential we help home buyers through the paper process, and ensure that they aren’t taking missteps that could threaten the deal or turn off the home sellers. Sometimes actions that seem insignificant can have huge implications on the deal. Just buying a refrigerator or washer before the ink is dry can ruin the real estate transaction. Once preapproval occurs, would-be home buyers should refrain from making large purchases on credit, so as to not affect their buying status.
How Working with a Real Estate Agent Can Avoid These Pitfalls
At Capital Residential our goal is to successfully guide home buyers through the home buying process. We are aware of what will turn off home sellers, and help our clients position themselves to be qualified, home buyers that sellers want to work with. If you are looking to buy a home, please contact me, George Jamieson at Capital Residential in Norwell, MA. I can be reached by email at George@capitalresidential.com or call/text me at 617.877.4839.