secret # 2

How to Save Thousands of Dollars When Buying a Home
prepared by David Brown and Melissa Large
licensed Oregon real estate brokers
Prudential Real Estate Professionals

In the best kept secrets series # 1 , “ My Agent Doesn’t Cost Me a Dime” we discussed the benefits of a having representation with a buyers agent, and how that does not cost you anything. In fact, it may help save you thousands of dollars in the purchase of a home.

Besides showing you homes, helping with your online search, when it comes to writing up your offer and negotiating on your behalf, this is where thousands of dollars may be saved. Here’s how:

1. Price – negotiation for price is more than just throwing out a lowball offer. Those can get rejected outright. As your buyer’s agent team we will use some strategies such as using comparable sales of similar properties, researching the current property – days on market, history, title reports, county records of actual square footage, and other research to develop an offering price. Communications with the listing agent can also be revealing, especially if the agent says that “there is flexibility” on the pricing, etc.
   
   
2. Repairs: Once the price is determined, and the offer/ counter offers accepted,  the inspection needs to be done. The repair negotiations can result in additional savings to you as a buyer and negotiations are involved after the inspection is done. A certain strategy to double the inspection period is used by us as buyers agents to extend the negotiation period if necessary. On an actual purchase where this happened and the repair negotiations extended over time with addendums going up all the way to “L” (from A-L), we used this strategy effectively.  The following non-solicited testimonial resulted from the buyer-client: see  http://www.RealEstateSalem.com/testimonials.htm
   ( see more details on inspections >)
   
   
3. Financing: We can work with your loan officer and help determine how money can be saved both in fees , closing costs, and interest rate costs. These may provide additional thousands saved in buying your next home.

Conclusion: By working with an experienced buyers agent team, we can use proven strategies that can help save thousands in the purchase of your next home. And it doesn’t even need to be a foreclosure!

Not Working with an Agent Yet? Our Buyer's Agent team can help you - free!

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