Someone asked me the question, "How can I get the best deal when buying a home?" I've already written an entire series of blog posts answering this question, but I offer the following few notes as a more concise answer.
Click here to read the series, How to Buy a House and Get the Best Deal.
First, don't just look at foreclosed properties. They might be the best deal, but you don't know for a fact you won't find something better so keep all the options open.
Second, don't get emotionally attached to a home. You need to be able to make a thoughtful decision about what you would pay, and don't get caught up and end up paying more.
Third, look at several homes. I say this with a caveat - sometimes, your agent will find you the best home the first time out.
You need to work with an agent you trust, and who will give you good advice. If your agent is 'wowed' by what a great deal a house is, even if it's your first time out, pay attention.
However, I feel it is better for buyers to see several homes, so they actually know the market. It's not long before clients can walk through a house and know whether it's a great deal, or overpriced.
Fourth - know what your needs are and stick to it. The buyers who are most likely to miss the best deals are the ones who can't make up their mind. Maybe this week they want one area, next week they want to look elsewhere. One week having four bedrooms is the most important thing, the next week a 3-car garage is the most important thing. If you do that to yourself, you never have the focus you need to find that best deal and grab it.
Finally, be ready to write that offer when you find that best deal possible. Because you won't be the only one who's looking at it, you will need to move quickly. That's why so many of the previous answers advised talking to a lender right away.
* * * * * * * * * * * * * * * * * * * * * * * *
Copyright © 2012 Joetta Fort
Comments (0)Subscribe to CommentsComment