2/ Remember that the realtors work for the seller, who pays them via his commission. Their ethical goal and financial incentives are to maximize the selling price. Thus, the realtor is sort of your frenemy. Wants a $$$$ price ...but closing a deal at $$ is better than no deal.
-
-
Show this thread
-
3/ pro real estate is an entirely different beast a huge percent of house buyers are first timers the industry is organized around that; you won't look dumbhttps://twitter.com/michaelcurzi/status/1455979695153967107 …
Show this thread -
4/ 500% this surfing real estate on http://realtor.com can be a hobby do it for months or years get to REALLY know the market when any given house comes on the market, you want to already have opinions about quality, yard size, price, etchttps://twitter.com/mikethegratest/status/1455980005578711177 …
Show this thread -
5/ I'm assuming that a first time buyer doesn't have the full purchase price of a house sitting in his checking acct ... but...in this era of stock options and Bitcoin appreciation, who knows!https://twitter.com/shlevy/status/1455980855080411138 …
Show this thread
End of conversation
New conversation -
-
-
My additional tip is to try to see a lot of houses before you start making offers. If you're a new buyer, you may not know what you want until you've seen what's available.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Re: 1), if financially relevant (and you don't think inflation is coming lol) being able to pay in cash (i.e. without financing at all) can give you various edges in negotiation (lower price, priority over other bidders, etc.) because it's a much smoother process.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
5) doesn't work in hot markets. You might ask 'what do you have to lose' and the answer is 'your seat at negotiations to people who don't lowball the seller' - which is an issue if every house is going in ~6 days.
-
In the bay area there's very little relationship between the asking price and the final sale price ever since "pricing low to start a bidding war" became a favored tactic. Most of the houses we've looked at finally sold for 10% over.
End of conversation
New conversation -
-
-
You should also ask agents for a reference. Ideally, references provided will be buyers with similar circumstances as yours so you can get a firm grasp on what your agent can offer you, specifically.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
lol below asking
-
different markets, my man
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.