For buyers who may have found the home of their dreams, it is critically important to review all of the disclosures, reports and tax records associated with the listing before moving forward with an offer, says the experienced staff at Texas Lending. In this brief Q&A, Texas Lending suggests buyers consider how the seller’s motivations and unique situation may have a significant impact on their pursuit.
Q: Do you see a common mistake made by buyers during the home-buying process?
Texas Lending: Trying to figure out the seller’s intentions can be a losing game. If the sellers seem uninterested in a reasonable offer, it’s likely time to move on and explore other avenues. Unlike most retail businesses that formulate a sales price based on market conditions and inventory levels, home sellers operate on a unique set of motivations and other factors that may be nearly impossible to ascertain. [Continue reading]