When homeowners decide to sell, they may find themselves justifying their choice to anyone who'll listen. But, as the old saying goes, "Loose lips sink ships."
In today's world where sharing is the norm, sometimes keeping your rationale for making a move all to yourself is the right move. Though sellers would never intentionally want to harm their chances of securing the best deal possible, by being a little too honest, they can ultimately lose leverage when it comes to negotiating.
The following are 8 things home sellers should never reveal (except to their Realtor).
1. "These taxes are killing me!"
No one enjoys paying property taxes, but watching them spike over time can be a huge turnoff for some homeowners — particularly those who
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How about a house that’s already underpriced, and is being overlooked by every buyer in the market? And the owner is super motivated. Desperate even. And would probably take even less than they are asking already.
Just by buying it at such a low price you’re going to make money. But, if you put a few bucks in, you’ll make way more money. And quickly.
So, what’s the secret? How do you get in on such a hot deal!?
Apparently, a lot of people think the road to riches is paved with one carefully worded question…
“Got any hot deals?”
If real estate agents had a dime for every time they hear that question…
You can certainly try that approach. Ask every real estate agent you meet that
If you’re like most people, you’re probably concerned about selling your house before having one lined up to buy.
You don’t want to sell your house first, not having somewhere to go.
But, at the same time, you know you can’t buy another house, without selling the house you already own.
Ideally, you want to time the sale and closing of the house you have to sell, with the purchase of the house you’re moving to. Ideally…
But, it isn’t always easy, or even possible. You certainly can’t bank on it. So, it’ll help you to have a few tips to up the chances of timing the sale and purchase as much as possible, or at least have a plan just in case it doesn’t…
1. Negotiate time to find a home.
Probably the easiest solution is to sell your home to a
Buying a home is one of the biggest investments you’ll ever make. And while a mortgage is obviously a large financial commitment, before you even get to your mortgage, you’ll be required to come up with a down payment.
Typically, lenders want buyers to contribute a down payment of 20% of the purchase price of the home. So, if a home is on the market for $500,000, most lenders want a down payment of at least $100,000. Being able to contribute the down payment shows lenders you’re financially secure and can take on the cost and commitment of a 15 or 30 year mortgage.
But if you’re like most people, you probably don’t have $100,000 at your disposal and will need to save for your down payment. Coming up with that large of a sum can be a challenge, but
HAVE YOU EVER WALKED INTO AN OPEN HOUSE, OR CALLED A REAL ESTATE AGENT ABOUT A LISTING, AND WITHIN MINUTES, THEY’RE ASKING YOU IF YOU ARE “PRE-APPROVED” FOR A MORTGAGE? IF YOU HAVEN’T, THEN YOU HAVE NEVER WALKED INTO AN OPEN HOUSE OR CALLED AN AGENT. OR AT LEAST ENOUGH OF THEM…JUST WAIT. IT’LL HAPPEN. AND YOU’RE GOING TO FEEL LIKE IT’S PRETTY PUSHY FOR THEM TO ASK THAT.
IT MAKES YOU FEEL LIKE TELLING REAL ESTATE AGENTS THIS KNOCK-KNOCK JOKE…
YOU: KNOCK-KNOCK. REAL ESTATE AGENT: WHO’S THERE? YOU: NUNYA. REAL ESTATE AGENT: NUNYA WHO!? YOU: NUNYA BUSINESS IF I’M PRE-APPROVED OR NOT! JUST SHOW ME THE HOUSE, AND I’LL GET PRE-APPROVED IF I EVEN LIKE THE HOUSE. I CAN DEFINITELY GET APPROVED FOR A MORTGAGE. PROBABLY WAY MORE THAN THIS STUPID HOUSE
Why would someone write an article on buying versus renting a home? What’s in it for the author of the article? Why would you read one? What is it you want to hear? Do you just want confirmation and justification for what you already believe and want to do? Or, are you looking to be convinced otherwise? These are all good questions to ask yourself if you find yourself reading an article on whether it makes more sense to buy a home, or rent a house.
There are “reasons” to buy, and “reasons” to rent.
People want to make choices based upon reason. So, if you start reading about whether to buy versus rent a home, you’ll certainly be given “reasons”, like:
When renting you’re just paying someone else’s mortgage.