From Deseret News archives:

Tips for a homebuyer's market

Published: Thursday, Feb. 14, 2008 12:02 a.m. MST
 |  E-MAIL | PRINT | FONT + - 
Do:

• Negotiate your best price to avoid paying too much.
• Ask for concessions or home warranties. Motivated sellers will often consider your requests if they are reasonable.
• Work with professionals who understand the market area and know the recent comparable sales in that area.
• Do your homework. Consumers should do their own online research to be better educated.
• Shop around for favorable financing from a reputable lender.
• Know and understand your needs and wants and make sure they are being met. If a home is not what you need, then it's not a good buy.
• Check the inventory available in your target area — it should be high. Job growth should also be good, and foreclosures should be low.

Don't:

• Expect to get a steal — there are very few out there. Have reasonable expectations.
• Get caught in a buying frenzy. In a multiple-offer situation, step back and look at the whole picture before making an offer.

Story continues below
• Assume local trends mirror national trends. Get the facts about your local economic situation.
• Buy outside your means.
• Buy because of an emotional attachment. Make sure it is a good business decision.


Source: Deseret Morning News reporting

Recent comments

Another thing to note is that unemployment in Utah is creaping upward...

Anonymous | Feb. 14, 2008 at 8:00 p.m.

It is good to not to assume that the local market mirrors the...

Don't assume | Feb. 14, 2008 at 10:34 a.m.

previousnext

Latest comments

GO South Sevier! We love you guys!!

Sorry your wrong, Utes beat a then ranked Illinois team a week ago. Best win...

The unnatural outcast

I think each mother should be free to choose what she feels is best for...

re: George Clooney. Am I supprised about this? no! Anyone remember about 15...

It's amazing how Max wants to move on so quickly after making a fool of...

I love this rivalry. I love it even more since I don't live in Utah and don't...

He scored that many because he hardly passed the ball. JT had a good game,...

"Scientists came out in Nature magazine and stated that they were wrong about...

It appears to me that there are a lots of "ASSUMED" foul calls being made...

Cougars send ASU home with a loss

Kind of makes up for last season's heartbreaking last second loss. Could...

Advertisements