home buying tips for buying first home

Home Buying Tips

Home buying guide for the first time home buyer
 
fsbo tips for selling your own home plus real estate purchase contracts and legal forms.    
Steps to buying first home.
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secrets to buying selling a home: mortgage loan for home buying.
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buying a new home: getting a mortgage loan for home buying.
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home buying tip: negotiating for best price.
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buying a home for sale by owner: closing the deal.
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calculators for buying a new home.
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home buying tips for buying a first home.
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home buying tips for buying a first home.
Sites with home selling tips and other fsbo real estate services.
  In every negotiation a home Buyer must decide:  
 
  • When to concede or
  • How long to hold out for a better home buying deal...
 
 

The following tips should help....

 
     
  Tip 1: 
Size up your Seller by finding out his or her reasons for selling.
 
 
Why ?
Because some reasons for selling a home put more pressure on the Seller than others.
Job transfer Seller has to be at a new location by a definite date.
Death of the owner Most heirs are grieving or in a hurry to get their share. They don't feel like quibbling over details.
Divorce Most couples want to end joint ownership of a home as soon as possible.
Increased income Promotions make Sellers more generous.  Eager to move into new homes, these sellers tend not to quibble over price.
 
     
  Tip 2: 
Find out if your Seller needs a quick sale.   Has he or she:
 
 
Signed a contract to buy another home ?
Already purchased another house ?
A Seller that has committed to another home is more likely to concede to the Buyer's demands.
 
     
  Tip 3:
Don't waste time with Sellers who won't negotiate price.
 
 
Why ?
A Seller who won't discuss his asking price in relation to similar homes in the neighborhood is not a serious Seller.
At best he is ambivalent about selling, or
Just wants to find out how much he can get for his property
 
     
  Tip 4:
The Seller is not the enemy. Engage him or her in negotiations. 
 
 
Talk to them!  If the Counter Offer is $10,000 above your offering price for the home, get an explanation.
Has the Seller checked recent selling prices of similar homes in the neighborhood?
Is there a major disagreement about the condition of the home ? (Might your inspector be wrong about the house needing a new roof ?)
 
     
  Tip 5:
Don't waste time making low-ball offers
to buy a home.
 
 
An Offering Price to buy a home at the low end of selling prices for the neighborhood is okay. 
Anything much below the range of neighborhood selling prices tags the Buyer as "just fishing."
 
     

 

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