Tips for First Time Home Buyers- Making an Offer
- When you're house shopping, you can't pull a number out of a hat. Find out what other homes in the area have sold for, how long ago the sale was and what amenities they have.
- It's the market that determines the value of a house.
- When figuring out the price of a property, sometimes it makes more sense to look at the price of a house in terms of monthly payments instead of focusing on that big number.
- When a renovated house is priced low, it is a good indication that the owners are looking for a bidding war -- they want to get as much money as possible out of the sale.
- Sometimes people think that by starting really low they'll end up with a better price on a house, but actually it usually works the opposite way.
- The three most important matters when it comes to negotiation are information, preparation and realism.
- When you buy a property, you should always have a home inspector come through. You never know what they're going to uncover.
- If the home inspector should find something, then you can use it to your advantage to renegotiate the deal. Or you might have to walk away.
- The key to success when buying a home is to trust the experts.
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