AVOIDING THE 5 MOST COMMON BUYER ERRORS

Discover how to avoid 5 common buyer errors when buying Hout Bay houses.

Buyer Error 1: Making an Offer without Sufficient Information

What price do you offer a seller?

Is the seller's asking price too high?

Is it a bargain?

Without research on the market and comparable Hout Bay properties, you could lose thousands of Rands. Before you make that offer, be sure you have researched the market.

A professional agent can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighbourhood.

Without knowledge of the market, your offer could be too much.

Or worse, you could miss out on a great buying opportunity.

Buyer Error 2: Buying a Mis-matched Home

What do you need and want in a home? Sounds simple.

Yet, clearly identifying your needs and bringing an objective view to home shopping leaves you in a better position.

Sometimes, home buyers buy a home that is too large or too small.

Perhaps they didn't consider the drive to work, the distance to school, or the many repair jobs waiting for completion.

Plan ahead. Use your needs list as a guideline for every Hout Bay property you view.

Buyer Error 3: Unclear Title

Before you sign any document, be sure the Hout Bay real estate you are considering is free of all encumbrances.

As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or servitudes.

Buyer Error 4: Shopping without Pre-approval

It only takes a few days to get financing affordability.

Know what you can afford. When you a shopping for a Hout Bay houses, this gives you more power.

A seller is more likely to consider an offer from a serious buyer.

Buyer Error 5: Remember Additional Costs

Besides the funds for the purchase of a home, you'll need funds for items such as transfer duty, insurance, legal fees, inspections, etc. Ensure you know all these.