Wednesday, June 27, 2012

7 Negotiating Tips for First-Time Home Buyers

You can admit it: buying a home is a scary task. You’re about to make the biggest financial commitment of your life and you want to make sure you don’t get taken for every penny you have. Just the thought of it can make you want to keep renting forever, but take a breath and take these tips to heart. With just a little advice on getting the home price you want, you can walk into negotiations full of confidence and hopefully walk out with the keys to your dream home.

1. Listen to your realtor:

If this is your first home-buying rodeo, you really need to get a realtor. As long as you’re confident that your real estate agent has your best interest at heart, listen to their advice on what price to start at and how to proceed in your negotiations. They’ve done this before and have a better idea of how a seller will react. The ultimate decision is up to you, but take their advice into consideration as you figure out what you want to do.

2. Look at other prices nearby:

Your realtor can help you determine the appropriate value of the home you want to buy by looking at prices of similar homes in the neighborhood or you can find some on your own online. Knowing the prices nearby, and whether there are reasons those could be lower or higher than the one you’re looking at, can give you a good idea of a fair asking price or starting offer since prices vary by location. Read more......

17 comments:

  1. BUY A HOUSE??? Come on get real. We are looking down the barrel of a loaded shotgun (COLLAPSE).
    Rent, save 6mos. cash, buy water filters,storable food, and with any other money buy gold and silver. Oh, #1 love your God!!!

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  2. Buying home is very difficult situation for every one. We should take care of many things when buying home like location, facility, budget and so on. Its too good and useful post.

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  3. Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. That’s why it is imperative that you work with a specialist and someone with a track record, an experienced Realtors would be a great help. If you follow some simple steps, you can make sure that the process runs smoothly

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  4. Homeownership certainly comes with financial responsibilities. Some people forget to take that into account and that could spell trouble. If your mortgage payments are going up faster than your income, you're just going to rack up a bigger debt or even lose the property in the event of default or foreclosure. So make sure you can afford what you buy.

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  5. It is also important for a first time home buyers to have a good negotiation with the real estate company that's why it is recommendable for them hire a good Realtor which guide and help them in buying a good housing property.

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  6. Buying a home is really hard, there's so many things to consider. The following tips here are very useful because having a good negotiations are helping you to buy any property with a good one. Thanks for sharing this info.

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  7. I agree...real estate and property price hugely varies by location. So to make a good deal it is always good to find registered and experienced RE agent. Before making any investment, doing complete web research is also very much recommended.
    House Buyers Of America

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  8. Asking help from a qualified and experienced realtor will definitely provide you with the right information and good help that you need.

    - Carmen Monrovia -

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  9. I am glad I visit this blog. I am planning to buy a properties but as of I can't decide on it. Those information is really a big help on me. Thanks for sharing it.

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  10. Buying home is such a scary task indeed! Especially for those who don't have experience and first time in this kind of field. I agree with your tips and guides above, those list will truly help home buyers a lot!

    Find your dream home here-->http://www.avidaland.com/Philippine-properties.php

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  11. Buying a property is probably one of the biggest purchases you can ever make. you should take real estate expert advice..and yes one more point you need to keep in mind is that legally property should be clear.
    Newbuy

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  12. Way cool! Some very valid points! I appreciate you penning this
    article and the rest of the site is extremely good.


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  13. Great post! I want to buy a new home for me and for my future family. This post will surely help me to buy home when I have my own family. Thank you for sharing!

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  14. Hello everyone, it's my first pay a visit at this web site, and piece of writing is truly fruitful in support of me, keep up posting such articles.

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  15. Great information for those in search of home ownership. Thanks for sharing, and if you need additional information/resources, I recommend checking out HouseLogic.com!
    -Jon

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  16. I live an apartment currently, and I'm glad I've found this information, as I'm moving into a home soon. I think I'd like to broaden our search but our finances are limited! Do you have any further advice in widening a search?
    http://oakvillerealestatelaw.com/about-us/

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Everyone is encouraged to participate with civilized comments.