When someone needs dental work, they make sure they find a skilled dentist who they have confidence in. When one needs an attorney, they seek one who has the proper expertise to truly represent their best interests.
However, when people decide to purchase real estate, especially first time buyers, they are too ofter duped into a false sense of security when they meet a “high volume” agent.
Many “top producers” care much more about their image and income, than they do their clients! This leads to all too common breach of fiduciary responsibility to protect their clients best interests, resulting in innocent purchasers getting stuck with not such great deals.
The good news is that there are also some really great, caring, humanistic agents who care deeply about their clients and make sure that they get the best possible property and terms for their budget.
I wanted to share a few first time buyer mistakes I found in Realtor Magazine that I thought were important to share.
Common first time buyer mistakes [courtesy of Realtor Magazine]:
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.