Best Practice Real Estate ©
Comfortable Living in Westport Connecticut and Surrounding Towns
If you would like to hear how we can help you find and purchase your ideal home please call 203-246-7372 or email email@example.com.
Tips for Buyers
1. Buy fringe (Have no fear, be a pioneer. Emerging neighborhoods are where the real money is made).
2. Look at short sales, foreclosures and estate sales.
3. Over priced homes, overstuffed homes, empty homes and those on the market for more than three months always sell for less.
4. Don't be afraid of a WRECK. Few people want them, but why pay for someone else's renovation that may not be your taste? Wrap cost of renovation in mortgage.
5. Look for the worst house on the best block.
6. Time your search: The best buys are found between Thanksgiving and the Super Bowl when few people look and every seller is anxious. The second best time is July and August when everyone's at the beach
7. Finally, search the web! You can know more than your broker does. One third of all buyers find their dream home online
MONEY ISN'T EVERYTHING
1.. Find out why the owners are selling.
2. Say you love it! Sellers are subject to flattery.
3. Be ready to pounce! Five minutes makes a difference (Everybody wants what everybody wants and nobody wants what nobody wants).
4. Offer "all cash" with a pre-approved mortgage already in your pocket. Have a no frills contract, be flexible on closing dates and have your lawyer ready.
BID TO WIN
1.. Don't low-ball on a well-priced property. (Don't insult the seller; they'll want to sell to anyone else).
2. Don't be too shy to make a low offer on an over-priced property (It may be your lucky day).
3. Always offer more than asked on an under-priced property. It prevents a bidding war.
4. Make a strong initial offer.
5. Bid an unusual number-it will get attention.
6. Regret buster: Know your limits, but make your highest bid so that if someone else bids over that, you won't regret it.
7. Put your offer in writing.
8. Don't be afraid to offer more for charisma and charm.
9. Go the extra mile (Don't let a small difference break the deal. Convert the difference into a monthly cost; it might be less than taking the family out to the movies!).
MISTAKES EVEN THE PROS MAKE
1. Don't bring in your in-laws.
2. Never ever rent.
3. Don't listen to buyer's remorse (You'll always feel you've made the worst mistake in your life the minute the contract is signed).
Resources for Buyers
Consumer booklet for home buyers http://ctrealtor.com/unprotected/ConsumerBookletFINAL.pdf
Ten steps to prepare for home ownership http://ctrealtor.com/unprotected/ConsumerBookletFINAL.pdf
The ten things to take the trauma out of home buying http://ctrealtor.com/unprotected/10ThingsToTakeTheTraumaOutOfHomebuying.pdf
Ten tips for first time home buyers http://ctrealtor.com/unprotected/10TipsForFirst-TimeHomebuyers.pdf
Common first time home buyer mistakes http://ctrealtor.com/unprotected/5CommonFirst-TimeHomebuyerMistakes.pdf
Thoughts about finding the perfect neighborhood http://ctrealtor.com/unprotected/TipsForFindingThePerfectNeighborhood.pdf
Developing your property wish list http://ctrealtor.com/unprotected/YourPropertyWishList.pdf
Steps to get your finances in order http://ctrealtor.com/unprotected/8StepsToGettingYourFinancesInOrder.pdf
Questions to ask a home inspector http://ctrealtor.com/unprotected/10QuestionsToAskAHomeInspector.pdf
What your inspections should cover http://ctrealtor.com/unprotected/WhatYourHomeInspectionShouldCover.pdf
Hidden defects to look for http://ctrealtor.com/unprotected/HiddenHomeDefectsToWatchFor.pdf
Pros and cons of condos http://ctrealtor.com/unprotected/TheProsAndConsOfCondos.pdf
What to ask the condo board http://ctrealtor.com/unprotected/10QuestionsToAskYourCondoBoard.pdf
Questions to ask your lender http://ctrealtor.com/unprotected/10QuestionsToAskYourLender.pdf
Short sales and REO properties - Please call. This area is a moving target.