• Knowledge of any loan programs that could help • A clear understanding of how much you can actually spend without turning every future meal into “creative ramen night” Remember: the goal is to love your new home—not resent it every time the mortgage auto-drafts. Step 2: Base Your Offer on Reality, Not Emotion That asking price? It’s more of a suggestion . What really matters is how the home compares to others nearby. This is where your agent will work their magic with a Comparative Market Analysis (CMA)—basically a super-smart cheat sheet for pricing. • Similar homes sold nearby • Features and flaws • Market trends • Whether that avocado-green tile is a charming retro detail or a demolition project waiting to happen Armed with this info, you’ll make a strong, informed offer—not just one that “feels right.” Step 3: Learn to Play the Market (Without the Juggling Act) Are you buying in a buyer’s market (where homes are sitting unsold like leftover fruitcake), or a seller’s market (where every house sells in 15 minutes for 20% over asking)? They’ll look at: If it’s a buyer’s market , you’ve got leverage. Ask for repairs, closing costs, maybe even the vintage fridge. Sellers are motivated. If it’s a seller’s market , you might have to skip the haggling and come in strong. Sweeten your offer with: • Fewer contingencies
28
Powered by FlippingBook