3 Common Mistakes When Buying a Property
The process of selecting and buying a property can sometimes be complex.
There are three very common mistakes that you should be aware of, so that your process of buying a property is simple and correct.
The first mistake is to start looking at properties without having a credit pre-approval. This is actually a very common mistake.
It’s very important to be prepared with your bank, so that you understand what you can count on, according to your financial possibilities. Once you’ve been pre-approved, you can move on to the next step, looking for your house within the budget you’ve been given.
The second mistake is seeing properties that are beyond your means, known as the mistake of creating the wrong expectation. For example, you might be looking at properties for €200,000, when in reality you can only get a property for €150,000.
This process generates demotivation, and may cause you to give up on buying the property.
The third and most important mistake to watch out for is contacting too many real estate agencies.
Nowadays, there’s an assumption that working with many is better, because the idea is that you’ll have access to more houses. In reality, this won’t be as effective as you think. If you only concentrate on working with one real estate agency, it will have the job of contacting all the other agencies that have properties that could meet your needs.
