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Diane Beekler
RE/MAX on the
River
50 Water
Street,
The Tannery Mill #3
Newburyport, MA 01950
(978) 499-8808
– office
(978)
992-4028 – VM
(978) 992-4028
– fax
Luxury Home Search
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Home Buying Tip - Use A Buyers Agent
There
currently are more homes for sale than there are eligible buyers, making now a
good time to purchase a house or condominium. To avoid overpaying for that
purchase, borrowers should be certain to obtain written mortgage pre-approval
from a lender. Taking this step will ensure that the house-hunters are
considering only those properties that they can afford.
Prospective
homebuyers also should visit many other homes in a neighborhood before making a
decision to buy a house there. One good way to accomplish this is by visiting
as many Sunday open houses as possible.
While many
homebuyers launch their search for property online, the Internet still is merely
a starting point. For this reason, the assistance of a savvy buyer's agent –
who represents the interests of the buyer alone – who is familiar with the
targeted community is critical. This professional also will prove invaluable in
finding out the seller's motivation for unloading the property as well as what
price the owners paid for the residence – information that will give the buyer
leverage for negotiations.
Also with
the help of the buyer's agent, home bidders should craft an initial bid that is
fair but not their best offer. Buyers must remember that they can always
increase their purchase offer later, but they cannot lower it.
"Five Rules to Avoid Overpaying for Your
Next House or Condo," Inman News Features Online (01/04/02); Bruss, Robert J.
Abstracts Copyright © 2002; Information
Inc.
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