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5 Negotiating Tips for First Time Home Buyers
Homeownership is a big step and it is important to make sure that you approach it wisely. When you do find the home that you are looking for, there is often the opportunity to negotiate a price that is lower than the list price. You need to know what you are doing, however, because negotiating poorly can cause you to lose the home that you truly want. Here are five important negotiating tips for first time homebuyers.
Try not to get emotional. It can be extremely tempting to bid top dollar for a place that has everything you have ever wanted, but you could end up setting the negotiating standard so high that you can't afford the house. You need to set your limits before you put in an offer and don't compromise. If you become too emotionally attached to a particular property, you might feel unwilling to pass on an offer that might be unreasonable or simply too much for your budget. Many first time homebuyers are scared to end negotiations and move on when they probably should. Be as objective as possible, and don't compromise your standards just to jump into a home. Get a Comparable Market Analyses ... more
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