Real Estate Today Don't Do That! Real Estate Mistakes to Avoid
May 9, 2025
In this engaging discussion, Tom Cronkright, a real estate broker and CEO of SunTitle, dives into the alarming rise of wire fraud in real estate. He reveals how scammers employ advanced tools, including AI, to prey on vulnerable buyers. The conversation also touches on vital strategies for first-time homebuyers to navigate a competitive market successfully. Additionally, industry experts outline common mistakes in luxury home purchases and the essentials of smart bidding. Listeners are armed with insights to make informed decisions in their homebuying journeys.
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First-Time Buyer Prep Tips
- Prepare by obtaining an underwritten pre-approval and showing proof of funds.
- Act quickly on new listings to compete in a fast, low inventory market.
Spot Major Repair Red Flags
- Focus on identifying major costly repairs during home showings.
- Check roof, windows, and for signs of water damage to avoid expensive surprises.
Avoid Overextending Budget
- Do not overextend your budget to win a bidding war.
- Stick to your monthly budget considering future expenses and keep comfortable.