FOR THE BEST DEAL
GIVE AND TAKE IDEAS FOR OBTAINING A BETTER PURCHASE AGREEMENT
Some say negotiation is an art form best kept to the skilled negotiators.
We say that arming yourself with good information can never hurt! The following
is a list of some great suggestions for getting a super deal once you have selected
the home of your dreams.
is the Homes Fair Market Value?
You can determine this by looking at the sales prices of similar houses in
the neighborhood. A good Realtor will be more than happy to research this information
for you. After looking at a few properties currently for sale, you’ll be
able to determine what a home will sell for in the area.
are the Sellers Prefernces?
Try to determine what is important to the seller of each home. Perhaps they
need to be out of the home by a particular date due to a job transfer or non-contingent
purchase they have already made.
are a Homes Pros and Cons?
Find out everything you can about the home, neighborhood, and community. Everything
from how old the furnace is, to whether the mortgage is assumable or not will
effect the seller’s position.
Active is the Market?
If your housing needs require you to look for a home during a hot market,
you may need to adjust your thinking. A quick decision and offer can make all
the difference in a sellers’ market. Ultimately you must make an offer
that reflects what you are willing to pay, the market, and the value you place
on a particular home. If there are plenty of similar homes on the markets that
are not selling right away, you can take more time and be more bargain savvy.
do not Have to Purchase!
A whooping point to attempt to follow when searching for a home is, do not
have to buy any one particular home! This is the number one reason people pay
too much and loose any negotiating edge.
Patient Can Pay Off Big!
Taking your time to get to know the market, and to consider how specific homes
may fit your particular needs, will enable you to make a better deal on a home
you can enjoy for years.
Creating the right offer to purchase can be a trying situation. However, making
your offer contingent on a thorough home inspection should not adversely affect
your offer. Should you find a seller who balks at this type of offer, they may
be trying to hide something!
Financing Terms are Available?
Nothing could more negatively affect an offer to purchase more than not providing
a pre-qualified letter of approval from a qualified lending institution. Be prepared.
See a financial lender before you begin to shop.
With The Right Realtor!
No one can force you to use a Realtor. However, the right Realtor will ease
your home purchasing, financing, and closing affairs. Further, a skilled Realtor
can easily save you enough in negotiating the price to more than pay for any
commission you might pay.
The Right Realtor?
There is only one-way to find the right real estate agent, and that way
is through an interview. During a personal interview, ask questions concerning
credentials, and customer referrals.
Overton Factor Articles
Information provided by this website is general and is not a substitute for professional
advice. Please consult your investment advisor and/or attorney before entering
into any transaction.