Simply, to deal with the seller’s agent! But it goes beyond that of course. A good buyer’s agent with experience and market knowledge is indispensable. Think of them like a Batman with a utility belt full of useful tools. I realize you have the internet-Zillow and Realtor.com on your side, but do you really think [...]
The perfect house does not exist. Don’t look for it. I’ve tried on many occasions. Every house, old or new, has it’s problems no matter the price, size, style or location. When buying a home, concessions will have to be made. Buying a home is like a marriage; it’s all about compromise. Everything can’t and [...]
In real estate it is assumed that the highest bid to purchase a home will win the battle. And in most cases this assumption will hold true. A couple of years back when the banks were giving money away to any one that said they made $5/week in gross income, the highest offer always won. Unfortunately in [...]
Yes, it’s true. This situation happens more often than I would like to reminisce about. I realize it’s a buyer’s market, but well priced homes are still highly coveted. Let’s setup a scenario: You and your agent have been looking at homes for the last 3 months and nothing has really caught your attention. You’ve [...]
In one of my previous articles I wrote about a seller’s concession. A tool used quite frequently by banks to allow the buyer to borrow the money to cover closing costs. The seller is basically permitting the buyer to inflate the loan amount by up to 6% of the purchase price. The difference between the [...]
A while back I wrote on Closing on a house in Westchester County. After reading it I realized that I should take the process to its infancy. I should take it to the point where you’re actually deciding to buy a home. Therefore, I updated the previous article to be less assumptive and more detailed. [...]
That answer, my friend, is completely up to you. Only you can decided how much you can afford or are willing to pay. The market determines what the home is worth (demand). However, what the house is worth and what you can afford are usually not the same- or even close. If you can only [...]
