Wednesday, January 07, 2009

Sound Advice from a fellow EBA: How to Get The Best Deal in a Buyers Market

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I came across a blog post today written by an EBA peer in Nashville entitled "Buying Real Estate - How to Get The Best Deal in a Buyers Market." The blog post presented some good and very helpful advice for buyers in today's buying environment, so I decided to blog about it and point the way! :)

Here is a sneak-peak:

"First and foremost...decide how you will pay for it! Do you have cash...or you will be looking for financing? If financing is in your sure to arrange for it ahead of time. Be sure to obtain a copy of your credit report and correct any mistakes...NOW! If you plan to live in the home as your primary residence, it will require a smaller down payment. But, if this is an should plan on at least 20% down. AND always have a pre-approval letter from your lender in hand when you make your offer! It will greatly help your agent negotiate the best possible price for you.

Then, when it's time to start house-hunting...look for a good Exclusive Buyer's Agent who will help you find the right property...and buy it at the best possible price. A few tips to consider when buying real estate..."

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