Friday Facts October 19, 2012

FRIDAY FACTS
October 19, 2012

From the National Association of Realtors, here are four errors home shoppers should avoid:

1. Unrealistic time tables. The average for a regular, straightforward sale for a pre-approved buyer is 45 days.

2. Ignorance of financing. Buyers should learn the process and the terminology and know what questions to ask in shopping for the best rate.

3. “Trash talking” when negotiating. Buyers should stress what they like about the home and don’t make it adversarial.

4. Getting in over their heads. Buyers shouldn’t stretch the budget and make sure they have reserve funds.

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