Mistake No. 3
3) Not Using a Buyers Agent. Trying to negotiate without professional help or advice.
Sadly this is a mistake most smart buyers make every day and it can cost you literally thousands of dollars. When trying to negotiate to buy a property you are forced to deal with the sellers agent who is a seasoned professional negotiator, who knows all the intricacies of the property market and real estate negotiating because that’s what they do every day to put food on their table. The sellers agent has been contracted to negotiate the very best deal for the seller, that’s how they earn their living.
Many buyers make the mistake of thinking they are just the person in the middle who passes on the offers for both parties. Wrong, make no mistake, the selling agent is working for the seller to negotiate as much money out of your pocket as humanly possible.
This is why. If you really think you can out negotiate an experienced seasoned trained professional like a real estate agent, then you must be really on your game, or it most definitely will cost you thousands more to buy the property. How to avoid loosing thousands? Hire a Buyers Agent or a Buyers Advocate who can more than match it with their negotiating skills with the sellers agent. For the modest cost involved it really can be a great investment and save you thousands.