4 Common Mistakes in Buying or Selling Property
Buying real estate is an important life decision. Due to the complexity of the process, mistakes can lead to financial loss, stress, and unpleasant situations. Here are the most common mistakes to avoid:
Hiring an unqualified or unlicensed agent
Only agents who have passed the professional exam and are registered in the official brokers’ registry are legally authorized to mediate real estate transactions. Working with an unregistered agent exposes you to risk—you have no right to claim damages, and the agent is not legally obligated to represent you properly. Additionally, you may end up handling all the paperwork, coordination, and negotiations yourself.
Doing business with close friends or relatives
Hiring someone close to you can compromise objectivity and professional distance. Discretion, accurate information, and unbiased advice are essential, and personal relationships often hinder this type of communication. Emotions may cloud judgment and affect the quality of the process.
Choosing an agency at random
Don’t select an agency without doing proper research. Check how they advertise properties, their presence on real estate platforms and social media, and the quality of their listings. A large agency does not guarantee quality—the most important factor is an experienced agent with good references and the support of an efficient team.
Attempting to buy or sell on your own
Many try to handle property transactions themselves to save on commission fees. In practice, this often leads to losses: poor listing visibility, weak negotiation outcomes, unresolved documentation, wasted time, and emotional decisions that can jeopardize the deal. A professional agent knows how to protect your interests, negotiate on your behalf, and guide you through the entire process to a safe and successful transaction.
By making a smart choice when selecting your agent and agency, you protect your money, your time, and yourself. Investing in professional support is often the best decision you can make when buying or selling property.
