7 ways homebuyers overpay
Homebuyers often undermine their own best interests and end up overpaying, many real estate agents say.
First-time homebuyers, as well as those looking in a hot market, are susceptible to overpaying because they have a hard time exercising discipline when it comes to price, according to Herman Chan, a real estate broker in San Francisco.
"Any buyer can make a mistake, and if they don't keep a level head, that mistake can end up costing them a lot of money," Chan says.
Buyers should familiarize themselves with some of the common ways that end up causing them to overpay.
Check mortgage interest rates available in your area.