Buyers
Stop Paying Rent Forever, Buy a Home Instead
As you know, renting has two big problems - the rent can go up, and you don’t have anything to show for it except a pile of rent receipts. In this article, I will show you in real dollars how you can benefit by owning a home. Maybe no one’s ever explained it to you in detail before, or you didn’t “get it”. Well, if you stick with me though this discussion, I think the light will go on for you.
One of the facts of life is that if you want to have a roof over your head, you have to pay somebody for that roof. In real estate we have a saying, ”Whether you rent or whether you buy, you pay for the space you occupy.”
You might be thinking, “I can barely make the rent, how in the world can I afford to buy?” There’s an answer to that, and I’ll get to it later on. But first, let’s start with why it’s to your advantage to own your own home, then we’ll figure out how to make it happen.
5 Secrets to Buying the Best House for Your Money
Do you want to get the best property you can for the least amount of money? Then make sure you are in the strongest negotiating position possible. Price is only one element in the negotiations, and not necessarily the most important one. Often other terms, such as the strength of the buyer or the length of escrow, are critical to a seller.
In years past, I always recommended that buyers get “pre-qualified” by a lender. This means that you spend a few minutes on the phone with a lender who asks you a few questions. Based on the answers, the lender pronounces you “pre-qualified” and issues a certificate that you can show to a seller. Sellers are aware that such certificates are WORTHLESS, and here’s why! None of the information has been verified!
