Tip #3 - Make an Impression on the SellerBe more than just Buyer #2. Meet the seller and make sure they know what you love about the house. They usually love their house as well and want to sell to someone who'll love it just as much. If you can't meet then writing short personal letter about your family and how much you love the house to be included with your offer can be helpful.Have the seller know who you are. Even if your bid is slightly lower, a seller may sell you the property just because they like … (0 comments)
home buying: How to Win a Bidding War Part I
- 02/02/10 11:59 PM
Although multiple offer situations are almost non existent in most markets, here in Memphis we do occasionally see a property, usually an REO, that is priced well below the current market that attracts several buyers at once. One of the worst things that can happen during the home buying process is to finally find your dream home, only to discover that someone else is already bidding on it. When this happens, how can you win your dream house without losing your shirt in the process? In this article, weíll cover some of the more important points to winning a multiple offer … (1 comments)
home buying: Five Things You Must Absolutely Know BEFORE You Buy (Part 5)
- 10/11/08 01:16 PM
5. Stop Calling Ads! A word of caution - agents create ads solely to make the phone ring! Many of the homes have some drawback that's not mentioned in the ad, such as traffic noise, power lines, or litigation in the community. What's not mentioned in the ad is usually more important than what is. For this reason, We want you to be very careful when reading ads. Remember that the person writing the ad is representing the seller and not you! The most important thing you can do is have someone on your side looking out for your best interests. … (1 comments)
home buying: Five Things You Must Absolutely Know BEFORE You Buy (Part 4)
- 10/11/08 01:11 PM
4. Don't Be Pushed Into Any House Your agent should show you everything available that meets your requirements. Don't make a decision on a house until you feel that you've seen enough to pick the best one. Go to the Multiple Listing computer with your agent to make sure that you are getting a COMPLETE list of homes for sale and not just the home that the agent "wants" to show you. In the late 1980's, homes were selling quickly, usually a few days after listing. In that kind of market, agents advised their clients to make an offer ON THE … (0 comments)
home buying: Five Things You Must Absolutely Know BEFORE You Buy (Part 3)
- 10/11/08 01:09 PM
3. Play the Game of Nines Before house hunting, make a list of nine things you want in the new place. Then make a list of the nine things you don't want. I call this "NINE OF THIS AND NONE OF THAT". You can use this list as a scorecard to rate each property that you see. The one with the biggest score wins! This helps avoid confusion and keeps things in perspective when you're comparing dozens of homes. When house hunting, keep in mind the difference between "SKIN AND BONES". The BONES are things that cannot be changed such as … (0 comments)
home buying: Five Things You Must Absolutely Know BEFORE You Buy (Part 2)
- 07/21/06 01:37 AM
2. Sell First, Then Buy If you have a house to sell, sell it before selecting a house to buy! As the market heats up you don't see many contingent sales work for a buyer, unless it’s with a new home builder who has other houses to sell and can afford to put one on a contingency. Let’s pretend that we go out looking for the perfect house for you. We find it and you love it! Now you have to go make an offer to the seller. You want the seller to reduce the price and wait until you sell … (1 comments)
home buying: Five Things You Must Absolutely Know BEFORE You Buy (Part 1)
- 07/21/06 01:34 AM
1. Don’t Get “Pre-Qualified! Do you want to get the best house you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Price is only one bargaining chip in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller. In years past, some always recommended that buyers get “pre-qualified” by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on … (2 comments)
home buying: Common Real Estate Myths
- 07/20/06 04:58 AM
MYTH:A “discount” broker can do just as well and save me money. TRUTH:Successfully marketing a property in the competitive marketplace takes skill and resources. All of the promotional costs such as photos, brochures, printing, signs, advertisements, MLS fees, direct mail, etc. are paid for by Your Agent. How will a discount broker offer such a complete marketing campaign? Does the discount broker have a staff to personally tend to your specific needs? Do they have a proven track record of success, or are they just using the lower commission to try to win your business? Do they have the expertise to guide … (3 comments)
continued...
;)
;)
