Beth DeCarbo has made available for download her article, “The Biggest Mistakes Home Buyers and Sellers Make”, published in the Wall Street Journal. The article begins as follows:
When people say they “fell in love with a house,” they would do well to remember another common saying: Love is blind.
Overcome by strong emotions, potential buyers of the biggest investments of their lives overlook things like a lousy view, choppy floor plan or ancient mechanical systems. Likewise, would-be sellers are often so eager to sell—or so in love with the homes they’re leaving—that they are blind to the house’s fixable flaws, or to the need to plan for capital-gains taxes.
And that’s how it goes in normal times. The current frenzied real-estate market is only exacerbating those emotion-driven mistakes—with buyers feeling they need to do anything to get a house, and sellers cutting corners to take advantage of a hot market. The result is that some buyers are overpaying for the house they’re buying, while some sellers are leaving money on the table.
Click here to view the full article: “The Biggest Mistakes Home Buyers and Sellers Make”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.