TOOLS AND TIPS FOR HOME BUYERS
Buying a home is an important step toward financial security whether it is your first house, a condo or for your dream home. And with the right help, home buying is easier than you think. Get tips on buying a home including what you should look for, how to negotiate a great deal, how to protect yourself along the way, and more.
At any time feel free to contact Gabriel for help.
Negotiating The Best Deal
One of the most frequently asked questions about buying a home is related to negotiating a fair price. Buyers - especially first-time home buyers - want home buying tips, particularly about negotiating.
While some people feel uncomfortable bargaining even at a garage sale or farmer's market, in real estate, negotiating is part of the home buying process. Here are proven tips for becoming a successful negotiator when it comes to buying a home:
Tip #1:
Know your seller's motivation. A seller who needs to move quickly because of a job transfer, divorce, or contract on another home is more likely to accept a lower price. In this case, the seller is motivated by closing the sale quickly.
Tip #2:
The "listing" or "asking" price is what the seller ideally would like to receive. However, it's not necessarily what he or she will settle for.
Tip #3:
Before you make an offer, know the market value of the home. Your agent can help you determine this by checking recent sales and listing prices of comparable homes in the neighborhood where you're looking.
Tip #4:
Be flexible. Never say, "Take it or leave it." An attitude like this can ruin the potential for making a deal.
Tip #5:
Each time you increase your offer price, ask for something in return such as repairs, appliances, even lawn furniture or the riding lawn mower.
Tip #6:
Take a tip from poker players and never show your hand -- or reveal your next step.
Tip #7:
If you plan to pay cash or have a tentative commitment for a mortgage loan, use your strong financial position as a bargaining tool.
Tip #8:
Don't let your emotions (or those of your spouse) get in the way of negotiating the best deal. Leave your pride, fear, anger, and emotional attachments at home.
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