Follow simple 5 easy steps to not be worst buyer. We all understand, buying a home is a long, drawn out and stressful process. You have to put down roots, and you don’t want to take a decision lightly. You might have heard that real estate agents are evil, and that they have goblin-like laughs which they exhibit every time they walk to the bank after they’ve sold a new property. We understand.
However, believe it or not, most real estate agents are there to help you through one of the more difficult decisions of your life. And some buyers end up doing things that make them part of real estate agent nightmares. Let’s look at a few of these things.
1. You demand to see a property multiple times, bring your friends, family and even your entire yoga class, but don’t commit in any way.
It’s customary for people who are buying houses to want to see the property multiple times. However, some people take this idea to the extreme by showing up with different people each time, even some so-called ‘experts’ who have inside information about the buying process. This is just a huge waste of time for both you and your agent. You don’t need to get the approval of every single person in your social circle about the house that you want to buy. Have some confidence in your own opinions and make sure you leave the detailed inspections for the time when you’ve made a serious decision to buy the property.
2. You bargain, and after you’ve finished bargaining, you bargain again.
It’s understood that there is a little bit of wiggle room when you go to buy a property. There are various commissions and overheads involved, and your agent can make a few adjustments to lower the cost of buying the apartment slightly. The operative word being ‘slightly’. If your agent tells you his best price is Rs. 50L, and you counter with 35L, you’ve just put yourself in an awkward position.
3. You aren’t upfront about what you want.
You might have some plans to get your agent to reduce the selling price midway through the process of buying your property. While this might work in some rare cases, usually it involves a lot of unnecessary ill-will and sneakiness that isn’t the best way to proceed in a transaction of this magnitude.
4. You waste hours of your agent’s time, but you aren’t really looking to buy.
Don’t be the person in the store who will look at every single piece of clothing and then leave because you have to make a ‘phone call’. Your time, and your agent’s time, is precious. Even if you are having cold feet because you haven’t purchased a property before, you need to be realistic about how much your agent can help. If you ask them to perform extensive canvassing and research for an area or locality where you aren’t really looking to buy, you can be pretty sure they won’t be sending you birthday cards any time soon.
5. You change your mind every time you walk down the street.
Look, it is tough being a home buyer. Sometimes, you aren’t even sure what you want yourself, before you’ve seen a bunch of properties. If you are confused, make sure you let your agent know so that they can facilitate your buying process accordingly. It’s OK to be picky, just be honest about it.
In summation, if you find yourself doing any or all of the above, you need to reevaluate your options and figure out what it is that you really want. You need to value your time, and that of other people. So if you’re looking to buy a home, make sure you are letting your agent help you, instead of just getting in the way.