So you heard its a buyers market, and areas such as Roseville that would be true. I would like to share a few tips for buyers that might help you get that home.
1. Ask for the seller to buy down a point on the loan. That might help lower the monthly payment and make the home more affordable.
2. Ask the seller to contribute to non reoccurring closing costs. Non reoccurring closing costs are things like title insurance, notary fees, escrow fees. This may give you the buyer more money to contribute to your down payment.
3. You like the house but think it would be better if it had an extra window in the back room. Instead of asking for a reduction in the price of the home. Ask for the seller to have one installed. The seller may have some ties to the community and could get it at a reduced price.
4. In some cases a seller may be able to finance your down payment. A good Realtor would be able to help negotiate seller financing in the contract. This could be a great tool if the seller has a lot of equity in the home. This allows them to get the home sold, and be able to reinvest some of their equity.
5. You like the house, its in a great area, but. Communicate your concerns, let your Realtor help find the solution. Especially if you think the home is over priced, offer what you and your Realtor feel is a good respectable price.
Happy House Hunting, there is some great deals to be had in Placer County.
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