This isn’t necessarily ‘my’ list, but it brings up some interesting points…

RIS Media published their list of the top mistakes that buyers and sellers made in 2005.

Buyers
– Bought properties to flip at top-of-market prices.
– Utilized Interest-Only Mortgages.
– Overlooked Resale Characteristics.
– Skipped Performing a Home Inspection.
– Misinterpreted developers’ giveaways.
– Were represented by the same agent representing the sellers.
– Didn’t Read Homeowners Association Documents.
– Neglected to request rates of state, county or local transfer taxes paid by buyers at closing.

Sellers
– Overpriced homes.
– No Internet property marketing.
– Stop showings too early after contract.
– Refused to pay buyers closing costs.
– Exclusion confusion.
– Knowing your market and competition.
– Paid document fees on top of full-service commissions.

Click on the link for the descriptions of each item.

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