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Buyers Selling Themselves Short
Buyers Selling Themselves Short. I have been showing some buyers qualified for a $200,000 home. Both of them have good stable jobs and they have no monthly payments except their cell phone bills, utility bills and insurance payments. They have been saving money for several years and are ready to buy a home. A perfect buyer, right?
So what is the problem here? They are trying to sell themselves short. They do not want to spend all they are qualified to spend. I have absolutely no problem with that. It is smart to buy on the conservative side but also smart to look into the future a little as to what your needs may be.
They are fixed on payment and have picked an amount that is the “magic number” and this number brings them under their qualified amount by about $50,000. The problem I see is that if they spend just a little bit more they will get so much more and will serve them better if their family should grow (which they are talking about now).
Sure the lower price home will work and meet the bare minimum of their criteria right now. But if they spend just another ... more

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