Home Buying Tips

Home buying guide for the first time home buyer


CUSTOMER LOG-IN CHECKLIST FOR BUYING A HOME FORMS & CONTRACTS TO BUY A HOUSE AGENTS & BROKERS: LIST HOMES FOR SALE


DOWN PAYMENT OR NO MONEY DOWN MORTGAGE LOAN TO BUY A HOME PRICE RANGE


NEIGHBORHOOD CHECKLIST CRIME RATES SCHOOL COMPARISONS PRICE TRENDS


MORTGAGE BASICS CREDIT RECORD & BUYING A HOME MORTGAGE LENDERS MORTGAGE BROKERS MORTGAGE SIZE


BUYING A NEW HOMES PRE-OWNED HOMES RELATIVE HOME PRICES BUY HOME TO SELL AT A PROFIT SELECTING A REAL ESTATE AGENT HOME BUYING INSPECTIONS VIEWING HOMES WORKING WITH AGENTS


EVALUATING ASKING PRICE NEIGHBORHOOD SELLING PRICES NEGOTIATNG POSITION SAMPLE OFFER COUNTER OFFER NEGOTIATING TIPS


COMPLETING THE HOME BUYING PROCESS CLOSING DETAILS THE SETTELEMENT STATEMENT


CLOSING COST MONTHLY MORTGAGE PAYMENTS MONTHLY COST OF INCREASING LOAN AMOUNTS PRE-QUALIFICATION OF LOAN AMOUNTS AFTER TAX COST OF OWNING A HOME LENDER'S VIEW OF MONTHLY MORTGAGE PAYMENTS




MANAGING THE MOVE HIRING A MOVER THE MOVING CONTRACT INSURING YOUR STUFF LOADING AND UNLOADING

ABOUT US CONTACT US PRIVACY STATEMENT USEFUL RESOURCES MORE REAL ESTATE LINKS ADD A LINK SITE MAP

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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Home Buying Tips

Bargaining to buy the best home: Negotiating tips