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Does Your Real Estate Deal Have A Wiggle Room?
Experienced real estate investors know that you make your deal
when you buy. If you pay too much or have not done your due
diligence research, that's tough, because you're stuck with the
deal after the close.
A buyer still has some wiggle...
Managing the Sales Negotiation Process
How many times have you heard:
"You've got to drop your price by 10% or we will have no choice but to go with your competition."
"You will have to make an exception to your policy if you want our business."
"I know that you...
One Stop Shop for Investment Property
The ‘one stop shop’ for buy to let As the buy to let market continues to go from strength to strength, a unique website has been established for landlords looking to dispose of both residential and commercial buy to let property with the ability...
Pull an elastic band too far - it snaps
Building a resilient workforce to manage pressure effectively
'Resilience' is the new buzzword for the process of adapting
well in the face of adversity, trauma, tragedy, threats or other
'stressors'. It's how we 'bounce back' from...
The Ins and Outs of Credit Card Debt Settlement
Are you a self-confessed shopaholic who buys anything and
everything that you get your shopping addicted hands on? Such
thoughtless and impulsive buying will most likely result in the
accumulation of a bunch of junk that will simply collect...
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First Time Buyer's guide
Buying your first home can be a difficult time, especially in these days of high house prices, and low job security. But don't despair, www.mortgagedown.com have prepared a few top tips to make the process as painless as possible for you!
* Get an agreement in principle from your favorite mortgage company BEFORE you start house hunting. This helps you establish your price range and makes you a better 'bet' as a buyer in the eyes of any sellers you meet.
* Don't just rely on 'realtors' or 'estate agents'. Nowadays, the best place to start a property search is the web. You can also check local papers and even drive around your preferred area looking for private sales boards.
* Make a checklist of teh essentials you MUST have in your new home. If you need a garage, saya so. If outside space is essential, don't go see and house without it.
* Never go alone - take someone with you even if just a friend. Alone, you might miss something.
* Never offer after just one viewing. Two visits minimum is essential, and they should be at different times of the day. Some areas that seem safe during the
day turn dodgy at night!
* Ignore the decoration. Mauve wallpaper can always be taken down! The important thing is space, and the layout of the rooms. Try to see this, not the color scheme used by the current occupier.
* ALWAYS get a survey. You won't be economising if you don't. In fact, it could be the most expensive 'money saving' you ever make! A good surveyor will spot the things you can't, like damp, sloppy roofwork etc.
* Ultimately, the old www.mortgagedown.com cliche about 'the place feels right' is true. If you walk in and you don't get that 'wow' feeling, you probably won't enjoy living there.
Remember, as prices are now falling in most parts of the world, it's a buyer's market and you can take your time. You can also put in lowball offers at times like these, and you might be surprised how little negotiation upwards is needed to secure a sale! Good luck with it, and happy house hunting!
About the Author
Terri consults on mortgages and writes for www.mortgagedown.com the free tips and advice site for first time house buyers.
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Negotiation - Wikipedia, the free encyclopedia |
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Program on Negotiation at Harvard Law School |
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PON: Harvard Negotiations Project |
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:: Negotiations Affairs Department :: |
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