1/ 1) go to a bank, get preapproved for a mortgage. 20% down is ideal, but that's between you and the bank, not you and anyone else. 2) find houses on http://realtor.com 3) contact realtor 4) view house(s) 5) make offer ~5% below askinghttps://twitter.com/michaelcurzi/status/1455979126670589952 …
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7/ my understanding is that http://realtor.com is just one website that subscribes to the data feed from the national real estate broker common database. I like the UI, but I have no reason to think they're the only choice. https://twitter.com/maskoficarus/status/1455982192236974082 …
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8/ yeah, coming in 5% under in a hot market is a way to lose ... but most markets are not hot markets. If you're bidding in a place where it's +5 / + 7 / +10% over or GTFO ... you're realtor will make that very clear to you.https://twitter.com/orthonormalist/status/1455982197698007042 …
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9/ You're going to pay ~1-2% when you buy in various fees, and ~5% to the realtor when you sell...and it's going to be a big hassle to sell. And in the mean time you're exposed to all of the upside AND downside of one local R.E. market. Think carefully.https://twitter.com/eevee_not/status/1455982964299419657 …
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10/ I've sold long distance once, never bought long distance. I'd REALLY get to know the market, then fly out for a week or two and view houses every single day. Re safety: pull up census crime stats. Primary sources >>> http://realtor.com ratinghttps://twitter.com/dundreary/status/1455982958683332608 …
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12/ strongly concur You can paint a room for $100 You can redecorate w stuff from Target or Crate N Barrel Everything but location and physical structure is malleable.https://twitter.com/HorrorsGreeley/status/1455982996650082314 …
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13/ earnest money is real, tho not everyone insists on ithttps://twitter.com/Cristiona/status/1455984390107025413 …
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14/ 100% agreed wife and I were house hunting for ~6 months before we found the farm. When we found it, we knew it was The One. We knew the town, we knew the town's tax rate, we knew local businesses, we know the rest of the market, we knew lot sizeshttps://twitter.com/AndToddsaid/status/1455984763987283978 …
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15/ knowing the market cold, we saw the house and we told the realtor IMMEDIATELY "put an offer in right this second" now, that said ... I also had big brass balls and came in at 15% under asking, bc I knew the market was very slow and the seller appeared desperate
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16/ it was absolute nerve wracking to pretend to nonchalance / to fake the ability to walk away / to stall for another 2 weeks to let seller panic ... and while worrying that someone else could swoop in and grab it ended up splitting the difference and getting it for 7.5% under
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17/ strong agree re local market dynamics I pulled the above stunt (and saved myself $50,000 ) because I knew EXACTLY how slow the market was in this small rural town, how long properties normally sat on the market, how long this property had sat, etchttps://twitter.com/joshuamking/status/1455985141394776068 …
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