In a challenging market, it’s essential to help our clients make informed decisions to avoid common regrets when purchasing a home. Here are valuable insights from surveyed buyers, compiled into 7 tips to help you communicate and set better expectations in this market.

1. Don’t Delay House Hunting Until the Last Minute: starting the search early to find the right property without feeling rushed. When you’re rushed, you make irrational decisions based off FOMO and deadlines.
2. Location Matters : Consider factors like proximity to work, schools, amenities, and future growth potential. Don’t overlook the needs of future buyers when it’s time to sell this property.
3. Budget Wisely: Establish a realistic budget early in the process. Consider all costs, including property taxes, maintenance, and insurance. Stay within their financial comfort zone, and to be crystal clear on their budget so you’re all aligned.
4. Embrace Home Inspections: Never skip a professional home inspection. It can reveal
   hidden issues and potentially save from costly surprises down the road.
5. Think Resale Value: Discuss the long-term resale potential of the property . Look for
   homes with timeless features and in neighborhoods with a strong history of appreciation.
6. Beware of Overbidding: overbidding in competitive markets. Overextending your budget can lead to financial strain and future regrets. Nothing worse than buyer’s remorse.
7. Seller Credits: If you are rate sensitive, you can negotiate a 1-point
   seller credit into the deal to buy down your rate and lower their payment. A savvy lender, Like ME can help with the payment breakdowns to make sure the buyers feel good about the numbers.