Finding
your dream home starts with you understanding your own
personal wants and needs in a house. The more you define your
criteria, the easier it will be to begin the search. What would
you like in your new home? How much can you afford to pay monthly? Do you
prefer a certain neighborhood? Do you want a new home
with new appliances, or are you up for the challenge of a
fixer-upper? All of these things are important to think about when
you first get started.
The
more prepared and clear you are regarding what you do and don't
want in a house and neighborhood, the quicker you should find your
dream home.
Finally,
be prepared to be patient, flexible, and open to compromise in the
negotiation process.
There are
a couple of types of markets
which you may be buying in, a buyers or a sellers
market.
1.
In a buyers market there are
fewer buyers and more sellers, the laws of supply and demand
dictate that the buyer may have the upper hand in negotiations.
Which can translate into; lower purchase prices, sellers
willingness to cooperate with repairs and other
contingencies.
2.
In a sellers market, there
are fewer sellers and more buyers, the laws of supply and demand
dictate that the seller may have the upper hand in negotiations.
Which may translate into; multiple offers, bidding wars, sellers
dictating the terms of the purchase.
A
wise buyer is one who knows which market he/she is in and how to
strategize. I understand the markets and psychological factors
involved in buying a home. I'll educate you and develop a
strategy that works for you.
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