Ferrari-Lund Real Estate South
Ferrari-Lund Real Estate South
Sheri Barnes, Ferrari-Lund Real Estate SouthPhone: (775) 745-6425
Email: [email protected]

Costly Mistakes that Homebuyers Make

by Sheri Barnes 07/10/2019

For most homeowners, a home is not just a property with four walls and a roof over their head. Over time, it becomes a place that reminds them of sweet memories spent with family and friends. Buying a home is expensive, and as a result, it is essential that you relegate any form of emotions and apply business-minded strategies in making good decisions. With this in mind, here are some costly emotional mistakes home buyers make and how you can avoid making them.

Falling in love too quickly

Buying a home can play with your emotions. But you must balance your dreams with the realities of your budget. Turn a deaf ear when the agent tells you "Oh, this house was made for you," or "It suits you perfectly," Focus on what you want in terms of space, location, maintenance, and the price. If you are buying a house, buy the one you need rather than what you want.

Allowing others to "steer" the process 

Agents and family members can be assertive in attempting to "tell" you what home to buy. What's more, friends who won't even live in the house will aggressively offer opinions about the subject. In an attempt to please others, some homeowners get highly emotional and buy a house they never liked. It is your house, and you will be the one living in it. Friends and loved ones only visit. So put yourself in charge of the buying process. 

Overpaying for a property 

Another common emotional mistake homebuyers make is paying too much for a property. Buyers—especially new ones—always tend to become desperate to buy a house or buy a house in a popular area, and most time, they end up paying far too much for the property. To avoid overpaying for a home, keep your emotional side locked and check the prices of similar houses in the area to avoid being ripped off. 

Putting the pen on paper too soon 

Generally, before you purchase a house, you need to sign a contract and pay a deposit. However, don't get too excited and sign the contract immediately you make the decision. Take your time to read through every line of the agreement. Also, get a seasoned lawyer or property professional to guide you, to ensure your interest comes first and insert any needed clauses. It is tough to make changes once you sign a contract.

Although buying a house can be an emotional experience, it is also an exciting time. Avoiding emotional mistakes, doing your research and keeping a calm head should help you to get a good home that meets all your needs.

About the Author
Author

Sheri Barnes

Buyer & Seller Agent

PERSONAL

Born and raised in the Sacramento area (Fair Oaks), real estate has always been "in my blood" perhaps, due in part to growing up in a builder family. I graduated from Bella Vista High School, attended California Lutheran College, later graduated from CSUS (Sacramento) with a degree in Communications and a minor in Business Administration. In 1993, I moved to Reno to work for a Fortune 500 company and obtained formal sales training. I've always been involved with some sort of extra-curricular activities including sports, music, dance and theatre. My current hobbies include spending time with my family, gardening, an occasional game of golf and volunteering with various youth programs and organizations. I'm Past Chairman of the Board of Trustees of Mountain View Montessori School. 

PROFESSIONAL

Real Estate is my business, my only business. I have been a full service realtor with over 24 years of experience. My focus is helping my client achieve their real estate goals, whether they are first-time homebuyers, Seniors, buyers/sellers, investors, short sales or relocation. I specialize in new construction communities and residential resale in Washoe County.

I truly love this area and take great pride to know much more, than that which is expected. Every transaction is unique and can often require a creative solution to get results. I'm a customer driven Realtor dedicated to achieving results and providing exceptional service. I feel that this is the reason I receive an abundance of referrals from past clients.

As a buyer’s agent, I listen to my client’s goals so I can find the perfect home and NEGOTIATE the best price and terms that fits their needs. As a seller agent, I know that pricing, location and condition are key factors in selling homes for the highest price possible. With this in mind, I create a customized marketing plan specifically for your home.

Please feel free to call, text, or email me with any questions, anytime.  

CERTIFICATIONS AND RECOGNITIONS

REALTOR® Certification

CDPE Certified Distressed Property Expert

SFR Short Sale And Foreclosure Resource Certification

GreenRE Certified

Member National Association of Realtors

Member Northern Nevada Regional MLS

Consistently in the Top 10% of Producing Realtors in Northern Nevada