BuyingAHome-JenniferChristenot

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offers, it could be because the property is overpriced, which will give you an indication that offering less than the asking price would be acceptable. 32.) Should I start with lowball offers? Some buyers think it’s better to start with their lowest offer so that during negotiations, they have some wiggle room to move higher to the seller’s asking price. But, this can be a very tricky situation and anyone about to enter into it needs to know what they’re getting into. If the initial offer is too low, it could actually insult the seller and they might close off the bargaining doors to you altogether, meaning you lose out on the home. If this is going to be your buying tactic, know that you’ll likely have to make several offers on many homes, which can require patience and a bit of emotional restraint once you’ve seen a home you really love. If you do want to place a low offer, or at least one lower than the asking price, but you want to make sure you don’t insult the seller, there are a few ways to go about it. The first is by simply asking how flexible the seller is on the asking price, and you can ask this directly to the seller or you can go through your agents to find out. You can also ask if the seller is willing to help with the closing costs. These can be significant and if the seller is willing to take on some or all of them, it might leave room in your budget to make a higher offer. FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT 36
33.) Is there anything wrong with this house? Some states, such as Texas, require that sellers submit a disclosure form to the buyer, indicating everything that’s wrong with the property. Other states don’t have this requirement though, that’s why a home inspection is so important. During the inspection a licensed and registered inspector will visit the home, give it a thorough examination and analysis, and then write a report indicating everything that’s wrong with the home or that might require repairs sometime in the near future. Some sellers want to be certain of what they’re selling and so they’ll hire their own inspector before even putting the home on the market. Even if this is the case, you want to make sure that you still hire your own inspector that is completely impartial and that you’ll be able to ask, “What’s wrong with this house?” The home inspection is one of the most important aspects of the home-buying process. 34.) I’ve been advised to forego a home inspection. Is this wise? TThis is something that sometimes happens in hot markets. There are lots of properties available and most of them already have multiple offers. When advising their clients on how to get a home that they’ve really fallen in love with, they suggest submitting a “clean offer”, or one that doesn’t include a home inspection clause. By doing so you make the offer much more attractive to the seller and therefore, much more likely to be accepted and end up with the home of your dreams. However it is always, always a huge mistake to buy a home without a 37 FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT
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