Are these costly real estate traps draining your savings
Overpaying for Properties
One of the most significant traps in real estate is overpaying for a property. This often happens when buyers get caught up in bidding wars or fail to conduct proper market research. According to Zillow, the median home price in the U.S. has been steadily increasing, reaching $348,000 in 20231. Without a clear understanding of the market value, you might end up paying more than necessary, which can significantly impact your return on investment.