What are the basics of buying a house? Learn the details in this great video and article from Mark Ferguson, owner of The Ferguson Team and InvestFourMore.
I have been a real estate agent and investor for over 15 years, and I have seen many real estate deals killed because of silly mistakes. Many times the deal could have been saved if the buyer or seller knew the basic concepts of buying or selling a house. In some cases the buyer had no idea a simple purchase could cause them not to qualify for a loan. In other cases the buyer and seller let their egos get in the way of the deal. There are some simple guidelines that buyers and sellers can use to prevent a deal from going south. Real estate agents and lenders should inform their clients about what to and not to do, but that does not always happen. The more proactive a buyer or seller can be, the better chance they have of selling their home for the most money or getting the best deal on a house they are buying.