real estate

7 ways homebuyers overpay

7 ways homebuyers overpay
7 ways homebuyers overpay © Andy Dean Photography/Shutterstock.com

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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Home prices rise at slower pace

Home price growth has slowed significantly. Should you be concerned?  ... Read more

advertisement
Partner Center
advertisement

Connect with us