The Biggest Mistakes Home Buyers and Sellers Make
Posted by The Cobb Group on
It’s the largest investment many people will ever make—and the most emotional one. That can be a bad combination.
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…
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