Have you ever been to a theme park with someone who’s been there before and knows how to avoid the long lines? Just like at a theme park, having insider knowledge when you’re out house hunting can help tremendously as this can help in avoiding many of the common pitfalls or annoyances that first timers are forced to learn the hard way.
One thing you should keep an eye out for that often goes overlooked is the foundation. Look for cracks in the walls, yards with a lack of proper water drainage and unleveled floors, all of which should be taken into account if they haven’t already been mentioned in a home inspection report.
When you’re trying to find a house in a market that’s hot, it may be wise to devise a strategy in order to gain an advantage. You could for example have your real estate agent obtain a seller’s public tax records that you can use to write the seller a personal note. Using social media, you can also have an agent find properties for you that have yet to be listed on the MLS.
Determining a competitive price for the offer you intend to make is one of the toughest steps in a seller’s market. The psychology behind numbers like five, nine, and zero can help you out in this scenario. When buying products at a store a price of $69 will sound a lot more appealing than if the price was $70 despite the minimal difference. With an offer, if you’re willing to go a number over five or zero to have the highest bid you could give yourself an advantage.
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