real estate

7 ways homebuyers overpay

7 ways homebuyers overpay
7 ways homebuyers overpay © Andy Dean Photography/

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.

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