What are some tips for buying a house in the current economy?
Apr.21, 2010 in
House Buying Tips
Just looking for some tips dealing with home loans, realtors, private sale or foreclosed-homes. Have you encountered any bad situations you can share? What are some tips to make home-buying safer?
April 21st, 2010 at 6:23 pm
Do some research of your own on the internet, find a lender, find a real estate agent, a home inspector and a good real estate attorney.
Be practical about what you can afford and don’t look at things above your pre-approval amount.
If you find a house you love, make an appropriate offer and don’t automatically go in with an offer 5% or 10% below – if the house is priced correctly, it might actually sell ABOVE asking price. Don’t nickle and dime the price – if you like a house, bid what you feel is appropriate (based on the info your agent has given you and what you have seen) and be prepared to walk away or be outbid if there are other offers on the table.
Knowledge is key – the more information you have, the better off you are to make a better decision and the more likely you are to get the house you are dreaming of.
April 21st, 2010 at 6:23 pm
Find a lender right now. Get pre-approved before you get an agent. Make sure you tell the agent you work with you house criteria and your expectations, agents are not mind readers. Realize that there is no perfict house, only that there are houses that meet hopefully most of your criteria. Always get the house inspected.
April 21st, 2010 at 6:23 pm
Where can you find tips, try thehomesteadgallery.com