Ep184 “It’s the Most Wonderful Time of the Year…To Possibly Save Money on the Purchase of Your New Home!”
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Manage episode 408215905 series 3564174
- Introduction
- Stress that when we say “saving money,” we not necessarily talking $50-75K on the purchase of a home, but definitely $5K, $10, or even $15K on a home!
- Discuss market conditions we see every winter:
- This time of the year is slower because of the weather and the holidays
- Fewer sellers but fewer buyers as well
- Discuss the types of homes you are going to see on the market this time of year
- Estates
- Older people who can no longer take care of their home
- Discuss market conditions we are seeing right now:
- Homes are currently sitting on the market
- Higher interest rates
- Homes are currently sitting on the market
- Discuss why now is a good time to buy a home!
- Fewer multiple bid situations
- Negotiate!
- Get your inspections!
- Remember, refinancing when interest rates drop is always a possibility
- Higher home prices could negate any potential reduction in interest rate decrease
- Fewer multiple bid situations
- How can I save money when buying a home?
- Offer less than asking price
- Ask for seller assist
- Negotiate a lower interest rate
- The inspection and appraisal offer additional opportunities to receive additional concessions from the seller(s)
- This could include repair work being completed prior to closing rather than reducing the sales price or asking for seller assist!
- Ask for a home warranty at closing
- Final thoughts
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