10 common mistakes made by buyers – as seen by buyers themselves. The issues
are all covered in my buyers step by step guide, but once again, they are worth
looking through as a quick check.
They don't choose or select an
Agent to act in their interests before rushing out and looking at open
houses. This is so critical and if you have not yet read why appointing
an agent is important go here Mistake #2 They don't make use of services
Financial Institutions make available to them especially by obtaining pre-qualification
Mistake #3 They are not aware of the
additional costs to register a bond or the property in their name.
Mistake #4 They sign an offer to purchase
without checking it out or being aware of the commitment involved. Many
purchases fail to understand legal implications of the offer and that it
becomes a contract which is binding the moment the Seller accepts it without
Mistake #5 They are also not aware of the
concepts of “occupational interest”, “subject to”, and other clauses included in
Mistake #6 They fail to view a property just because
of the kerb appeal or outside appearance.
Mistake #7 They fail to start negotiations in
writing when they find the right home. Many buyers have been totally distressed
because they lost the home they really wanted. It's also strange how you tend
to want it more when you know you cannot have it.
Mistake #8 They neglect to carefully consider
exactly what they are looking for when beginning their search. This means
wasted time and lost opportunities.
Mistake #9 They fail to establish a checklist
and work through it to check the home is sound and in order. Eg.: taps loose,
damp, electrics, pool etc...
Mistake #10 They do not use as their agents when buying in Port
Elizabeth But seriously, go here to see a little bit about what makes us special
For more detailed information on Finance issues go here Go back to Buyers main page