House For Sale

House For Sale Tips #1 : Sellers do not set the price, it’s the buyers who set the price
How many times have you sold or traded in a used car and not gotten anywhere near what you wanted for it? This is because you thought you could set the market, but the market told you otherwise. Whether it’s a house or a car, the market sets the price, not the seller. Once you get past this mental roadblock, you'll find it much easier to offer much less than the asking price. The stock market is a good example. If you were unfortunate enough to buy the over hyped $150 “dot bomb” stocks in early 2000, you soon found they were selling under $1. Although you wanted $150 when you sold them, no one wanted your shares, and you suffered a huge loss. Houses are the same and many sellers are under the wrong impression that real estate must appreciate. There are no rules of what appreciates or depreciates.  So don't be bashful about offering a low price on a house. 

House For Sale Tips #2 : Don't buy a house in an urgent rush
Don't wait until the day you have to move out of your old house or get transferred to buy a house.  You need time to carefully plan your purchase.  It can take 2 months or more to get an agent, shop for the house, get approved for a mortgage, and close escrow.  If you know you will be relocating and need a house soon, you should start looking now, because you don't want to be pushed up against a wall and forced into making costly and hasty decisions with adverse financial ramifications that will come back to haunt you. Never let a dealer know you are desperate for a house. If the sellers know you are desperate to get a house soon, they will not drop the price. This little mistake can cost you thousands.  Always make the sellers think you have plenty of time and resources to analyze each deal carefully.  Make sure they know you are the one that they have to chase.  then the deal will proceed on your terms, not theirs.