By Living Room Realty, October 22, 2020
1. Know your own personal motivations and establish your goals and deal breakers.
2. Set expectations up front and stick with them.
-Once a transaction is underway it’s easy to lose sight of what originally motivated you. Look back at your goals and try to keep them relative to price
3. Discuss finances EARLY.
– Being pre-approved is crucial to be affective in our fast pace market. Understanding how your current assets may affect your eligibility is imperative which leads us to #4.
4. Recognizing Contingencies
– Understand how various contingencies affect a transaction.
-The more seamless and streamlined you’re able to make your offer the more competitive you’ll be.
– Making plans for your current residence is a crucial component to this.
5. Understand the Seller’s motivations and adjust your offer accordingly
6. Understand your own commitment level
– Ask yourself critical thinking questions like; “ How would I feel if I lost this house over $5,000.” OR “ At what price would I feel okay with losing this house?”
