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FIND YOUR DREAM HOME OR APARTMENT
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Anyone looking to buy a home should educate themselves, because this will likely be the biggest purchases of your life! To avoid becoming a future, foreclosure statistic, set a price that you are comfortable with, not what the bank, broker or agent says you "can qualify for." This means do not buy more house than you can pay for and still pay your other financial obligations (food, utilities, insurance, taxes, etc.). I got an amazon ebook ("stuff I told my kids about how to buy your first house") for my son to get some basic info BEFORE he sees anything with a real estate agent. It is less than 3 dollars and free to borrow for prime members. Well worth it in my opinion.
The sale of anything is a negotiation.. Money home whatever.. I hate buying a home and a car for that reason. The sales folks involved seem to think everyone else is stupid.. When you agree to buy the house and go to SETTLEMENT folks think that is the time to try to negotiate.. The most you lose from walking out is your deposit. It is amazing how folks like the bank and real estate persons become a friend to fix things.... we have walked on three closings and in the end the seller/buyer got nothing they asked for other than what was AGREED on... Each time either the agent added or once refused to add something we had asked for and had been agreed apon prior to closing.. even when it was in writing threatening that the sale would not go through unless we did what they said...
Hmmmm nope... Amazing how each deal got finished then and there when we got up and started to leave.... Car deals are the same way... nothing is done until all parties sign... This article is as self serving as most of the msnbc money articles are .. Buyer beware.. NO one is your pal with your interest at heart.... It is YOUR money so protect it like others are out to take it because they are....
"No. 3: Don't pay off all your debt." Stupid, stupid, stupid idea!! I ALWAYS pay off my credit cards! I NEVER carry a balance. People that do are throwing money down a rat hole!
As an agent in the Laguna Beach real estate market, I know these nine smart plays keep the red flags away -- and keep your pre-approved loan intact. But you’ll also need to keep temptation in check while you’re house hunting. If it costs more than 2 thousand dollars, don’t buy it. If a company requests your social security number, don’t give it. And absolutely don’t cancel your credit cards. Ignore this advice, and your FICO score will sprout red flags.