How to Be a Good Buyer
There are a few key rules of thumb for buyers, whether you are a first timer or are experienced and savvy.
First, pick out the Realtor with whom you want to work as you go through what I call “the Good, the Bad, and the Ugly”. This is not necessarily the smoothest talker or the one who promises you that everything will be fine. All transactions are different and even with the best of intentions and strategy, something can pop up out of the blue. If you think that two Realtors are equally qualified, go with your gut feeling as to the one who fits your comfort level.
Secondly, do not, I repeat, do not listen to your brother-in-law or your next door neighbor or anyone else about whether or not they think you can get a loan. Get referrals for a good lender. Then you should spill your guts to that lender. Remember, they are working for you, trying to get you the best loan deal they can, and they can’t do it without knowing your whole situation. And if it turns out that all the naysayers were correct and you can’t get a loan right at this time, a good lender will give you a game plan to get your financial life back on track.
Lastly, remember the Golden Rule as it pertains to being a Buyer. Treat the Seller and their agent the way you want to be treated. If a home is in good condition and decently priced, don’t come in with an offer so low that you risk irritating the Seller. What you really risk is having that Seller be so insulted they don’t want to deal with you. It truly doesn’t set the best tone for future negotiations.
Happy House Hunting!