Buying or selling a home is one of the most exciting—and significant—transactions you'll ever make. At The Smallbone Team, we’ve seen firsthand how small mistakes can lead to costly delays, stress, or even lost deals. Whether you're a first-time homebuyer, a seasoned investor, or preparing to sell your family home, avoiding these common real estate mishaps can save you time, money, and unnecessary frustration.
1. Skipping Mortgage Pre-Approval
The Mistake:
Many buyers start browsing listings or booking showings without understanding their actual budget.
How to Avoid It:
Get pre-approved for a mortgage before beginning your home search. This strengthens your offer, ensures you're shopping within your means, and helps you act quickly in competitive markets like Burlington, Oakville, or Waterdown.
2. Pricing a Home Too High (or Too Low)
The Mistake:
Overpricing can leave your home sitting on the market, while underpricing might mean leaving money on the table.
How to Avoid It:
Work with a local real estate team that understands the market and provides a comparative market analysis (CMA). The Smallbone Team uses local data and proven pricing strategies to ensure your listing attracts serious buyers.
3. Neglecting Home Staging
The Mistake:
Many sellers underestimate how presentation can influence buyer perception and offer amounts.
How to Avoid It:
Invest in professional staging or consult your real estate agent for cost-effective improvements. From lighting to furniture placement, first impressions matter.
4. Skipping the Home Inspection
The Mistake:
Waiving an inspection may help win a bidding war, but it can hide serious (and costly) issues.
How to Avoid It:
Always prioritize a home inspection—even if you're considering an “as-is” property. It’s your best protection against future surprises.
5. Not Understanding the Closing Process
The Mistake:
Missing deadlines or paperwork errors can delay your closing or even void a deal.
How to Avoid It:
Partner with a team that keeps you informed every step of the way. The Smallbone Team coordinates with lenders, lawyers, and inspectors to ensure a smooth transaction from offer to closing.
6. Letting Emotions Drive the Deal
The Mistake:
Whether it’s falling in love with a home or over-negotiating on the sale, emotions can cloud your judgment.
How to Avoid It:
Lean on your realtor to provide objective advice and guide you through emotional moments. Our team acts as your voice of reason to help you make informed decisions.
Work with the Experts at The Smallbone Team
At sandysmallbone.com, we believe education and preparation are key to a successful real estate journey. Whether you're buying, selling, or investing in Burlington or surrounding areas, our experienced agents are here to guide you every step of the way—avoiding costly pitfalls before they happen.
