Common Real Estate Mistakes

  • Rohn Boyd
  • 04/4/22

The practice and process of real estate can definitely be a tricky situation to navigate and it’s for sure not always easy to make the right move. There’s also not really a “right” move to make, but it is possible for an agent like me to point you in the right direction.

Because so many mistakes or misguided moves have been made in the world of real estate, there are a lot of examples to learn from and try to make better decisions after.

Here are a few of those common mistakes that you can now use to your benefit and educate yourself on.

Failing to Research the Area
It's absolutely critical that you explore the neighborhood the listing you love is in before you buy. Check out the area, amenities, and the school system to be sure that your address corresponds with the correct school district. Also attend a community meeting, if possible. You're not just buying a house; you're buying a piece of that real estate and the land around it.

Treating Real Estate Like the Stock Market
When the real estate market is very active and is cycling really fast, people tend to look at it like it's the stock market. But playing real estate is nothing like the stock market; when you invest in real estate, you really need to take a long-term approach.

Falling in Love With the First Property You See
Many homebuyers, particularly first-time homebuyers, tend to fall in love with the very first house that they see. It’s crucial that you seek many homes and keep your list long. You want your real estate agent to show you listings comparable to what you saw. Because we know how quickly the market moves, you don’t want to get your hopes up.

Not Hiring an Agent
There's a lot more to selling a house than just putting a sign on the front lawn. If you don't have an agent, you will not get on the multiple listing service (MLS). That means that other agents are not going to know that your property is for sale. If you’re looking to sell in Kaua’i I can definitely help your listing get eyes on it.

BOTTOM LINE: Real estate is a tricky game and seeking advice and counsel on the listing you’re selling or listings you may want to buy is definitely a good idea. 

And if you want to start that journey of buying in Kaua’i or looking at Kaua’i real estate, I am always willing to give guidance based on my many decades of experience.

To start your life of luxury, contact me at (808) 652-0530. Mahalo!

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