Buy house in New Jersey at discounted rates. Don't let your real estate empire pass you by, with these great discounted properties you can plan your retirement now. – PowerPoint PPT presentation
Youve found your dream house. Now what? These handy checklists will help you get through every step of the processwith less anxiety and expense.
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Making Your Best Offer and Negotiating the Close
Bid smartly. Theres no rule of thumb for what your initial offer should be or how many times you should go back and forth with the seller. Most inexperienced buyers simply make a bid thats a certain percentagesay, 10 or 15 percentoff the listing price, says, the author of Buy, Close, Move In!(15, 855skyhouse.com). But thats not a wise strategy. In this buyers market, you may end up overpaying. The smarter move Ask your real estate agent for prices of com-parable homes in the area that have recently sold. Use those figures to determine the highest amount youre willing to pay, then submit a bid thats a tad lower. Next, start haggling.
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Make clear demands. Be up-front about extras, such as curtains and light fixtures, that you want included with the house. Buyers currently have the upper hand, so its more likely that most of your requests will be met.
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Use the closing date as a negotiating point. Be flexible if you can. As long as you dont need to relocate by a specific date, youll possibly get other concessions from the sellers that wont cost you anything,
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Ask the seller to buy you a home warranty. A good one will run him about 300 to 400 and can cover the cost of repairing or replacing appliances and major systems, such as plumbing, for a year after closing.