December 21, 2009

You have decided to buy - don't sell yourself short!

Posted to Stacey Schultz

If you are one of the many folks that have made the big decision to buy, I want to congratulate you on a smart Move! I have been in and around the real estate world all of my adult life (I am 45), and I have never seen the kind of purchase incentives being offered to you today.

In addition to getting your priorities firmed up (number of bedrooms, bathrooms, and location), you will need to select an agent. Choose wisely! The person you decide to work with is going to help bring your dream of home ownership to reality. Here are my top three helpful hints:

  1. Check how long your agent has been in the business – you are entitled to someone that is experienced even if you are not! It cost the seller the same percentage (commission) no matter who sells the house, however, it could cost you more via the purchase price if you do not have your agent working for you. For example, I average 17% off the list price for the buyers I work with ($100,000 – 17% = $83,000).
  2. Do you feel like you can trust this person? Clicking with your agent goes along way to helping you to communicate your true likes and dislikes which will get you a better fit in your new home.
  3. Use their network of service providers! Agents that have been in the business for years have a working relationship with many of the folks you are going to need starting with a lender. You need to establish a rapport with one and get yourself pre-approved for a home you can afford. Being armed with a pre-qualification can be the difference between you getting an acceptance on your dream home with your terms or being shut out.

Remember these incentives are for a limited time, and we have no indications that the $8,000 tax credit will be extended again. Do not sell yourself short by letting the low interest rates nd tax incentives pass you by!

Posted by: Stacey Schultz

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