OfflineIf you are a buyer, that's fabulous news! You're in the driver's seat. You call the shots. When you say "jump," sellers ask "how high?" Sellers bow down before you and strew rose petals under your feet. You can make out like a champ if you negotiate like a chess wizard, and here are strategies to help you capitalize on a softened market:
· Buying in a Down Market
How to figure out if it makes financial sense for you to buy when prices are falling. If prices haven't hit bottom yet, how do you know where the bottom is likely to rest?
· When is the Best Time to Buy?
If you could pick a day, any day of the year in a softening market, which day would you choose? Which makes the most sense and gives you the best advantage?
· Homeshopping Tips for Serious Home Buyers
Just because home prices are falling doesn't mean you don't have to watch out for every dime you spend. Every dollar you can put into your pocket should mean more money for you when the time comes to move up. But everybody has to start somewhere.
· Buying Homes that Others Pass By
In depressed markets, it's not unusual for some sellers to price their home too high. If you spot a home that's been languishing on the market, it might warrant a second look.
· Writing Winning Buyer's Offers
How to ask for everything but the kitchen sink and get it! In a buyer's market, applying specific buyer's market strategy and carefully analyzing each situation before writing an offer will definitely work to your advantage.
· Signing Buyer's Broker Agreements
A buying agent can make or break your deal. Before you sign an agreement, understand what you are signing and ask for clarification if you have questions. We answer a few of the most commonly asked questions.
· Why Title Insurance Policies Are Your Friend
In a down market, you have the power to make the seller clear liens, payoff assessments and deliver absolutely clear title, without question. A title policy gives you the power to demand that protection.
Although many government officials reiterate that this is the start of a major recession. Most savvy investors you'll talk to say there is NO better time to buy buy buy!
Elena
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
http://elenashomeownervideos.com/
http://webuyhouses24-7.com
Good one Elena, those are all excellent points. Surprised I'm the first one to reply here.
Thanks, Elena, for the morale booster and the information on Title insurance. Is title insurance something you request in your purchase agreement and who handles implementing it on behalf of the buyer? Does the buyer initiate it or is it an automatic when you go to closing through a title company? Not sure where in the process this takes place.
HEIDE
Yeah, some of my posts got lost in the sea of others, but that's ok, someone will revise them when they need them... LOL!
Heide, it's my pleasure to help boost your morale. When the buyer takes the contract to the title company to open escrow he usually requests title insurance because it benefits him to find out if there are any liens on the property he's interested in purchasing, if he doesn't do that it will cause problems and prolong the closing even stop it all together if the issue can't be cleared up. Hope that clarifies it for you, if not feel free to ask myself or any of the other lovely people here.
Psalms 118:23 "This is the LORD's doing; it is marvelous in our eyes."
http://elenashomeownervideos.com/
http://webuyhouses24-7.com
"Buying Homes that Others Pass By
In depressed markets, it's not unusual for some sellers to price their home too high. If you spot a home that's been languishing on the market, it might warrant a second look."
How true. There are many homes passed by just because of financing or "another good deal" elsewhere..