buying a home? get the answers to your questions

« Back to Home

Don't Mention These 3 Things While Buying a Home

Posted on

Buying a house is a complicated and challenging process, especially for first-time buyers. It's easy to make a mistake and derail your purchase process. With that in mind, here are a few things you should never mention if you don't want to shoot yourself in the foot while shopping for property:

The Real Amount You Are Willing to Spend

Negotiating a property price is just like any other form of negotiation: reveal your hand, and you are out of the game. You should know how much you are willing to cough up, but you shouldn't reveal it to the seller. Put yourself in the seller's shoes: would you lower your price if a buyer already quoted "reasonable" price? You probably wouldn't do that, and neither would the seller. If you indicate that you are willing to go as high as $235,000, then that is what the seller will have even if would have taken $215,000 without your mishap.

Your Dislike for the Seller's Taste

Criticism can make you look bad, and once you have made a person look bad, it will be difficult to get them to do you any favors. Therefore, don't voice your disdain for the couch, chandeliers, or bedroom color. Even if you are sure you will be changing those things once you own the house, keep your thoughts to yourself. If you trash the fond memories the seller has with their "hideous" bedroom or kitchen cabinets, it will be difficult to negotiate with them or get them to shoulder some of the closing costs.

Your Exuberance for the House

The seller needs to know that you like their house to get them motivated to sell it to you. However, they shouldn't know that you have found the house of your dreams and would sell and kidney and an arm for it. Once the seller knows that you are practically willing to sell your soul for the house, don't expect them to lower their price or throw in some incentives for you.

It's good that you have found a three-bedroom house with a mature yard, white picket fence, and excellent proximity to work, but that information isn't for the seller.

Hopefully, your property purchase price will be uneventful, and you will find your dream home. Don't forget to seek advice and assistance from a real estate agent or realtor who can help you find your ideal home at the ideal price.