Having said that, he next advises buyers to spend a little time getting educated before leaping into the market. That means knowing the market rates for different styles of homes in different neighbourhoods and understanding the merits and drawbacks of both resale and new homes. Beware of fraudsters. According to Turk, this is one of the great unspoken pitfalls of the real-estate game. They skip town and the unwary buyer is out a lot of money with nothing to show for it.
Nobody asks to see photo ID when they're dealing with a vendor.
Only fools buy houses without hiring an inspector. And don't use the one recommended by your agent. Understand the terms of your mortgage before signing on. If you plan to sell your home within two years, don't choose a five-year term because you'll have to pay a penalty to break the mortgage agreement. Don't be a mortgage shopper.