from A Heads-Up for Home Buyers on yourvalleyproperty.com
By Setreset (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Be Aware, Be Very Aware
Scope out the territory in advance! Note market conditions before requesting seller concessions. Different market conditions favor different contract terms. In recovering from the infamous downturn, the market has bounced back and forth between the so called “seller’s market” and “buyer’s market” with periods of everything else in between. You need to clearly understand the attitude of the market in both your preferred area, and designated price range. When you are unaware of current trends you risk paying too much by neglecting to request seller contributions, or losing out on the home you really want by demanding concessions that simply won’t fly.
Additional Resources for Home Buyers
- Buyer’s Frequently Asked Questions
- Being Prepared
- For First-Time Buyers
- How Can I Help You?
- Do You Need a Buyer Agent
- Getting Pre-Approved
- Understanding Your Credit Score
- How Much Should I Offer?
- Offers and Purchase Agreements
- Who Pays for What?
