How are you doing on the top ten list? If you're not doing at least six of the ten, resolve to make improvements. Choose one area at a time and set a goal for incorporating all ten into your lifestyle.


Ways for Home Buyers to Save Money When Buying a Home Tip

This tip involves a little trickery and some of you might find it dishonest. Normally in a negotiation the side with the most information wins, or at least gets the best terms. In the process of house buying you will find yourself in a similar situation. You want to pay as little as possible for the house, while the seller wants to get as much as he can for the house.

The only way to save money on the price, is to get the seller to come down on price. And in order to have that happen, you need to try to determine how low the seller will go. The house might be listed for $250,000.

You agent will be able to tell you what the seller paid for it and when. Let us say the seller bought it two years ago for $180,000. And according to the seller paid $30,000 in upgrades and remodeling. So the house cost him $210,000.

If he put down 10% he should have a loan balance of about $185-190 thousand. But he is asking $250k. What we need to do is find out how badly the seller wants to sell. And in order to do this we send in a ringer.

When you find a house you would like to buy, have a friend make a low offer on the house. By doing this you will get to see how low the seller will go in price. You will have more information about him than he will have on you and you can use that to your advantage to pay much less. If you put in a lowball offer yourself, you risk the chance of insulting the seller and they might let their personal feelings get in the way and refuse to sell you the house at any price. So we have a friend call the listing agent and see the house.

He then puts in an offer of say $205,000. The seller will probably say no. But your friend might get a counter offer.

And that is what we want. We want to see the sellers reaction. If he sends a counter, that is great. If not, then we did not lose anything. The counter offer is then the maximum you will have to pay for the house.

If the counter is say $225,000, you just saved $25,000. Plus now you can make your offer less than $225,000 and save even more. If two offers are made on the house in a short time and they are both lower than what the seller was expecting, he will probably lower the price to what the offers are coming in at. His agent will also be pushing him to sell so that she can get her commission and move on to the next client. Having a friend put in a lowball offer is a great way to test the seller without causing any damage to your negotiations.

But make sure the seller never finds out the lowball offer was a set up.

Mr Kamadia, is a mortgage consultant, and real estate broker in Houston Texas. For the 69 other free articles on saving money when you buy a house visit Abby's Houston Texas Real Estate website.

Financial Planning

How the Korea Veterans Wall of Remembrance Came to Be - In many cities the Korean veterans are forgotten, however if you choose to live in Brampton you will know abot the Korean Veterans Wall.

STEPS TO SELLING YOUR HOME - Selling your private property is something private as well.

Orlando real estate - Orlando real estate - The land of Disney.

Myrtle Beach Real Estate Upside On The Beach - One of the fastest growing communities in the US is the "Strand" ? the stretch of cities starting at Myrtle Beach and extending north along the South Carolina coast to North Myrtle Beach.

What to Expect at the Taste of the Danforth - In and around Toronto, you hear about the Danforth all of the time, but where and what is it ?.