able to afford, both now and down the road. After the home inspections are done, you shouldn’t expect the price to lower at that point. Repairs made after home inspections will most likely not cost the seller an arm and a leg. DO BE PREPARED TOWALK AWAY. Even if you’ve come this far into the home search and home-buying process, you can still walk away if the situation calls for it. There are many reasons that buyers walk away from a home in the end, and you need to be prepared for this reality, because it happens. This is another reason to set your emotions aside, because it will make things easier all around if you can walk away from a home that, in the end, you aren’t sure about or you can’t afford. Chapter 12 will address this more in-depth. DON’T FEEL TRAPPED . Don’t feel like you’re stuck with a home that you are unsure about or that you honestly can’t afford just because you and your agent have worked so hard to get here. Yes, there may have been a lot of investment so far, regarding time, energy, resources, and emotions, but you have to think long term. Purchasing a home that you don’t love or that you can’t affordwill be a major financial burden for you to carry for years to come. If you’ve followed the above negotiation tips and techniques, and you’ve found the right home for the right price, then there’s one final negotiation “do” you need to know. Sign all documents carefully and cautiously! Be sure to acknowledge all terms and conditions, and understand all potential liabilities, before signing any official documents. Once you sign the contract, you will be unable to make any amendments without renegotiating a completely new deal with the seller and signing a new contract. HOW TO GAIN AN ADVANTAGE: Naturally, there is lot to consider when you finally get to the negotiations part of the home-buying process. Yes, it’s
119
Powered by FlippingBook