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Before I go into helping you to find your dream Dublin California real estate house, there's some common home buyers mistakes I want to address. Don't always think that if you are buying a house you can be protected by just using a "Buyer's Agent", or a mortgage broker who will "find them the best mortgage". It's totally wrong. Both the seller's and buyer's agents will benefit from more commissions off a higher selling price of the house either way.
Another common mistake home buyers make is thinking the price in writing is set in stone, especially if you are going to be excited about getting your dream Dublin California real estate house in the very next moment. Don't give the seller that advantage. Just remember this one important rule: Seller do not set the price, it's the buyers!
So right now, you will discover the very 5 tips that can help you find your dream Dublin California real estate house and even better at a bargain and these apply to all properties.
1. Get your financial house in order first!
I can't stress this enough--it will save you an enormous amount of time, aggravation and heartache. Determine what your realistic budget is and stick to it. Don't overspend. Get preapproved for a mortgage. This will not only give you a clear idea of how much a lender will approve for you, it will make your homebuying process a great deal easier (and save a lot of time later).
2. The best time to buy a used house is...
Winter time when demand for the houses are low. Most people buy a house in the summer time as it is the best time to sell off the old house and into a new one before their children's school season starts. I'm sure you'll get some really good deals around Christmas time, because no one is looking at houses then.
3. Try to find out how long the house has been on the market
There must be a reason why the house has not sold if it's longer than 6 months when you are not in a bear market. Be persistent and ask why. Use that reason to your advantage.
4. Foreclosures might save you some money
Sure you can get discounts off from foreclosures. But be real careful with them because you don't know what the previous owner has done to the house. You absolutely must have an inspection firm check out the house first. Just remember any foreclosure that is a good deal, is already gone before you get to it. Savvy agents and investors circle like vultures and snap these listings right up.
5. Professional real estate agents or DIY?
The agent will help you navigate the complicated waters of home ownership and will work to match your needs with your budget. Be sure to be upfront and honest with them though. But do-it-yourself is the most cost-effective option. There are now enough specialized services to accomodoate the do-it-yourself home buyer. The Multiple Listing Service is now available through several internet companies, which gives the buyer access to the greatest number of for sale homes. If you don't want to pay the fee, you can still search the local newspaper's website as well the company intranet.
Sure you might want to get a professional to help you out but if you are afraid of their always hyping you up just for that commission they'll make, I'll just say do-it-yourself. DIY is so much better as it is cheaper with your own freedom and no one to circle around you and rush you into a buying or selling spree that may eventually cause you more money. So there you have it, my 5 tips on finding your dream Dublin California real estate house at a bargain.
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