4 Tips For Getting A Great Deal On a Selling House
By: We Buy Houses
LOOK AT FORECLOSURES
When it comes to checking out bank-foreclosed properties, you can foresee seeing a bunch of disrepairing homes that are being sold "as-is" with lots of upgrades needed.
Banks have in some cases foreclosed on perfectly nice, gorgeous homes because their owners ran into financial trouble and couldn't keep up with it. The homes are still in good condition and may be bigger and bigger than on the regular market you might afford.
Don't rule out looking at a foreclosed property at once when shopping for homes. If the location appears right up your alley, and all other factors, it might be worth taking a look and keeping that property on your list.
BE FIRST OR LAST
The person ending up with a home isn't always the one bidding the most. Often, it comes down to timing. If you're the first to make an offer on a home, even if it's lower than the price of the list, the seller might be willing to sell it to you if they really want to move it.
The same applies to homes that have been abandoned for quite a while. If they have had other buyers back out, or if they haven't had a lot of serious offers, your bid that comes in 10 percent below their list price could help you get a lot on a house.
APPROACH OWNERS YOURSELF
If you have an eye on a particular neighborhood, consider driving around it to look for signs of homes with absentee owners, whether they are tenants or property owners who inherited it. You can also search public records and try to identify these types of homes and contact the owner privately if you like the property and see if they are willing to sell.
HIRE YOUR OWN INSPECTOR
A home inspection is a vital part of the home-buying process, and before you can close, your lender will probably require you to have an inspection. Supported home inspectors, however, aren't always a trusted source of comprehensive, independent control.