2006-09-26 03:33:24 · 6 answers · asked by Michael W 1 in Business & Finance ➔ Renting & Real Estate
Make a low offer and if your real estate agent refuses to write it up and calls it "insulting" , type up your own offer, attach a cheque and ask your agent to present the offer to the owner. The agent can not refuse. Explain that you love the property but can only afford what you offered. Never trash the place. Some home owners are not up-to date on the current prices and are talked into a higher price by the eager agents (who work on commission). An owner might accept a lot less than the asking price if you can get it past the agent. I did it 16 years ago and saved $16,500 because I did not get intimidated.
2006-09-26 06:52:24 · answer #1 · answered by customtecfire 2 · 0⤊ 0⤋
Look at foreclosures. They are listed in the newspaper. Also look at auctions. They are usually being sold by people who sold to a company for cash because of a financial situation. All of these homes are bid type of buys though. So have your down payment method on you and make sure that you are pre-approved for the remaining amount. Good luck!
2006-09-26 10:50:59 · answer #2 · answered by jdecorse25 5 · 0⤊ 0⤋
Go out and make offers for less than market value. In today's market, you are likely to find someone (out of desparation) willing to accept if you are persistent.
2006-09-26 10:38:42 · answer #3 · answered by budget strapped 3 · 0⤊ 0⤋
Look at foreclose houses. These houses are owned by the bank and usually sell them for whats left on the loan. Some forecloses, by the time you buy them will already have equity in them.
2006-09-26 10:42:38 · answer #4 · answered by Blue Eyes 4 · 0⤊ 0⤋
Yes, just wait until last quarter of 2007 or early 2008. And most important "save your money, low debt, good credit"
2006-09-26 10:53:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
foreclosures + good real estate agent
2006-09-26 12:08:21 · answer #6 · answered by daniel r 4 · 0⤊ 0⤋