From Deseret News archives:

Tips for a homebuyer's market

Published: Thursday, Feb. 14, 2008 12:02 a.m. MST
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.
• 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

About this ad

View Comments

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.

– About Comments

rss icon

Recommended in Business

Story

AT&T has started cutting their data speeds as part of an attempt to manage data usage on its network.

Story

The company, EyeGuardian, allows parents to keep tabs on all of their children's Facebook activity.

Story

I believe that the best office environment is one in which people are both productive and happy.

In Business Across Site