In today’s unique market, a Buyer should consider worrying less about price and focus more on what the interest rates are doing. It could save them literaly tens of thousands of dollars at closing and even more money over the life of their loan, here is how…
In previous articles, I have talked about the fact that, as a buyer, it is impossible to purposefully buy at the very bottom of the market. We will not know that the bottom has actually hit until we are at least six months down the road and prices are already on their way back up or they have at least flat-lined. When seller’s realize the market has stabilized, they are less likely to accept an offer below their asking price, give up concessions such as closing costs, or perform seller paid home repairs prior to closing. Closing costs and repairs alone could easily cost a buyer $15,000 to $20,000 out of pocket, a buyer needs to know the facts and be in the best position to negotiate from the start.
