3 things to avoid when buying or selling

posted in: Real Estate | 0

Mood of the Market

By Tara-Nicholle Nelson, Tuesday, December 4, 2012.

Inman News®

Advice on what to do and how to do it is everywhere these days. Whether you want to know what to eat, how much money to save or how to learn a new language, it seems that the answers are a mere Google away.

And that has created its own set of problems, chief among them the issue of information overload. Sorting through the overwhelming inundation of information about how to proceed with any major life endeavor — including real estate matters like buying, selling or refinancing a home — has become a sort of pre-action step.

Often, the most helpful action-sorting, order-creating, overwhelm-abolishing advice turns out not to be advice about what to do, but advice about what not to do. To that end, here are my top three real estate don’ts:

1. Buy too soon. As I see it, the drive to buy a home before your finances, your family and even your personal development are truly ready (and the complicity of lenders who were all too happy to make loans to borrowers, prematurely) is to blame for much of the real estate mayhem we saw in the recent real estate recession.

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