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Critical Home Buying Mistake - #1 Time-Waster Buyers Make! - YouTube
Channel: Tampa Real Estate Expert
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Hi everybody, your real estate expert, Lance
Mohr, and I'm going over how to buy a house.
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Today, I'm going to talk about the number
one mistake that virtually all homebuyers
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make.
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So what is the number one mistake?
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Well it's getting on all these websites; all
these sites like Zillow, Trulia, realtor.com,
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Redfin etc.
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The problem with most of these sites is they're
data mining companies.
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They are there to get your information and
sell it, they are not non-profit organizations.
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That's why when you go on these websites,
you're going to notice a lot of the information
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on there is inaccurate.
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You're going to be calling real estate agents
wanting to look at home and the home already
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has a contract on it or maybe it sold a couple
of months ago.
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Or who knows what?
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Maybe it was never even for sale but they
are manipulating everything to make it look
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like it's for sale.
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So you really have to stop getting off those
websites and I understand why people are on
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them, I really do.
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These sites, a lot of them are very nice,
they're very user-friendly, they have great
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mapping, they have great information on schools,
locations.
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There's a whole bunch of really valuable information
on there, but the problem is, the data is
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just so inaccurate.
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And if you have been on these sites at all
for very long, probably over a couple of weeks,
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you're going to probably start to get very,
very frustrated.
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And if you're not already, you're going to
be because you're going to start feeling like
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a gerbil in a treadmill where you're just
going around and around and around and around
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looking at home after home.
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Now here is one thing that most people don't
realize, and I am going to use our MLS for
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an example.
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Our MLS out here covers the whole Central
Florida.
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So what happens, is they sell the data, they
sell the exact same data to every single company
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in what's called a feed, it's actually a RETS
feed.
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So they sell the data and everybody gets the
same exact data at the same exact time.
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So everybody's saying oh, we get information
every 15 minutes and we get this.
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Well, all these MLSs, they don't have all
these individual agreements with all these
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thousands of little companies out there that
buy the data.
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They just push everything out at one time;
the same thing to all of them.
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It's just what that company wants to do.
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Now if you get on some of these websites,
what they do is they manipulate the data.
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They let maybe people input their own listings
or agents input their own listings in, what
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happens when they never remove it?
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So it's actually floating out there for years
and maybe it sold years ago for the home was
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taken off the market.
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So you got to get off those websites or you're
just going to be going around and around and
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around.
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And a lot of people don't know that.
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What you really need to do is you need to
get together with a real estate agent and
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have that agent put you on a game plan.
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And I always say to buyers that come into
my office, and when I'm talking to them I
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say let me ask you a question, if you're in
Tampa, Florida and you want to drive to Los
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Angeles, how are you going to get there?
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Are you just going to get in your car and
just drive around?
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Well, you will just eventually get there.
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You might not get there in a week, it might
take you a couple of weeks.
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Or are you going to have a game plan or are
you going to have a roadmap or GPS that takes
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you right to Los Angeles?
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Well of course you are.
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You want to have a game plan and you want
to get a real estate agent.
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This is what is so important about hiring
the right real estate agent and someone who
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is really, really knowledgeable because you
should be able to just go into the real estate
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agent's office, sit down and tell them what
you are looking for and they should be able
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to just go boom, boom, boom, boom and put
you on a game plan and tell you what you need
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to be doing so you have a plan of action.
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Too many times I see buyers and I worked with
buyers, I've worked with thousands and thousands
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of buyers and sellers, and I don't care if
someone's never bought a home before, I have
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worked with people that have bought 5, 10
homes before and they are continually doing
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the same thing over and over again.
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Just because you've bought a number of homes,
doesn't mean you are doing it in the most
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efficient way.
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Now, in my later YouTube videos about this
subject, how to buy a house, I'm going to
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start breaking down some really, really easy
things that you could do to get into a home
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very quickly.
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On average, most buyers that I work with,
actually get into a home from start to finish
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in hours, not weeks, not months and not years,
but literally hours.
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And even my wife and I, when we moved to Florida,
from start to finish, not even knowing the
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area, we were pretty much in our house in
less than six hours.
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So you have to have a roadmap.
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I hope this helped you.
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If you have any questions at all, please leave
me a comment.
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If you like my video, subscribe and give me
a thumbs up.
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Alright, have a wonderful day and I wish you
the best of luck in buying your house.
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