10 Most Common Mistakes Buyers Make

1. They don't choose or select an Agent before rushing out and looking at open houses.

2. They don't make use of services Financial Institutions make available to them especially by obtaining a formal pre-qualifying certificate.

3. They are not aware of the additional costs to register a bond or the property in their name.

4. If the agent represents the Seller, the Buyer fails to question the Agent on who represents them, and what choices they have regarding representation. After all would you feel comfortable dealing with an Attorney who was representing the other party?

5. They fail to view a property because of the kerb appeal or outside appearance.

6. They fail to start negotiations in writing when they find the right home. Many buyers have been totally distressed because they lost the home they really wanted. It's also strange how you tend to want it more when you know you cannot have it.

7. They neglect to check out competing homes. Buyers must buy and learn by comparison.

8. They sign an offer to purchase without checking it out or being aware of the commitment involved. Many purchases fail to understand legal implications of the offer and that it becomes a contract which is binding the moment the Seller accepts it without alterations.

9. They fail to establish a checklist and work through it to check the home is sound and in order. Eg.: taps loose, damp, electrics, pool etc...

10. They are not aware of the concept of occupational interest, Mora Clauses and "out" clauses in purchasing subject to the sale of a property.