What are some surprises that first-time buyers encounter when purchasing a home?

Asked by Trulia, San Francisco, CA Thu Mar 1, 2012

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Lisa and Greg…, Agent, Danville, CA
Thu Mar 8, 2012
In our current market some buyers are shocked at the activity level here in San Ramon. We have seen an incredible shift in our market. Our inventory of homes is now about 50% of what it was and our demand is stronger. I think you need to be prepared with what is currently happening. Many first timers begin looking for their firist home thinking it is still a "buyers market". Once you really understand how to approach your search and really being prepared for competing with other buyers it's all about asking a lot of questions so you understand the condition of the home you want to buy and resist the temptation to buy more home than you are really compforitable with.
Good Luck!
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Denise Dauph…, Agent, Danville, CA
Mon Mar 5, 2012
Usually the surprises come up at inspection time. It is difficult to see the flaws of a property at first glance or visit. After the home and pest inspection buyers are faced with the reality of what it means to own a home. The reality is that a property takes maintenance and care. Many homeowners don't have the time or inclination to maintain a home properly and the issues that they ignored come up in home inspections and pest inspections. I always recommend that buyers attend these inspections and they find out upfront what needs to be corrected now or can be attended to after they own. Depending on the severity of the problem, sellers may or may not fix the problem. With the bank owned properties and short sales it is difficult to get repairs done before close of escrow. With a little bit of luck many of the repairs are minor and can be taken care of easily. Good luck and I hope you find a well maintained property. Denise Dauphinais, RE Broker,
#00797696. Better Homes and Gardens, Mason McDuffie, 925-200-0073. "In your neighborhood since 1980"
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