About buying

If you are a first time home buyer, or a seasoned veteran, buying a house a is a big step. First American Properties can help you with this and make the process as transparent for you as possible. In an ideal world, you'd buy a new home, move, and then, and when all the dust settles, deal with the turmoil of selling. But for most people, that's totally unrealistic. Not only does it cost significantly more, since you'll be paying two mortgages, but sellers might be quick to judge if you're holding on to your current home.

Buying guide

Before you start seriously searching for a new home or put your current home on the market, make sure you have a solid understanding of the housing market in your area (and the area where you're planning to buy). Is the market weighted toward buyers or sellers? Only then will you be able to fully strategize. As is so often the case, the best plan of action may differ depending on exactly who has the power. That doesn't mean to find one house you like and call it a day: Find multiple suitable options. That way, you're less likely to find yourself in trouble if your purchase falls through your newly sold home won't leave you stranded. Similarly, make sure to hire an appraiser and price your old home fairly. Now is decidedly not the time for delusions of grandeur: Two extra months on the market because you couldn't humble yourself to lower the price means two months you'll be paying double mortgages. Two very long months... Select Read More to continue reading this article at realtor.com

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Listing price

Bidding for a property below its asking price is very common during a buyer’s market.

Many experts advise against bidding more than 10 percent below the asking price. However, you can sweeten a relatively low offer price by guaranteeing the seller a quick closing and a large earnest money deposit. Or, if you accept the present state of the home without demanding free upgrades and repairs, you could sway the owner in your favor over other bidders.

Best offers

Sometimes sellers or their agents get restless during negotiations and ask you to quote them your highest and best offer for the home, meaning it’s a take it or leave it contract and there won’t be a counteroffer. Don’t go out on a limb if you are not 100 percent sure you want this particular property. You can always reconsider if you feel you made a mistake after researching comparable properties.