Home Buying – Low Offer Price
The initiation into understanding how to ‘home buy’ comes with a fair set of home buying rules. And they are all for your protection.Here they are:
- You are pre-approved to buy at a certain price by a lender prior to looking at homes
- You have enough money to put down, preferably 10-20% and you have an emergency fund
- You have enough money to buy a home (closing costs)
- You understand that location is an important part of the home buying equation
My time and your time is worth money so I like to do it right. There is still a real sense out there, in buyer land, that all offers should be low ball offers when home buying.
Why you ask? Well I didn’t come up with the template but buyers are reading and listening to news that tell them to do it. It is not the right way and it does not work in the current real estate market. The reason being there are many buyers looking to buy. They are ready to make the right, good offer with that first offer. Sometimes you do not get a second chance. And you lose out on the house.