Tips to avoid over­pay­ing

USA TODAY US Edition - - MONEY -

You can avoid over­pay­ing for your first (or next) house by fol­low­ing these tips:

Hire an exclusive buyer’s agent who will work in your best in­ter­ests. Use mul­ti­ple tools to de­ter­mine the home’s value, such as on­line home value es­ti­ma­tors and a com­pet­i­tive mar­ket anal­y­sis from your real es­tate agent.

Strive for ob­jec­tiv­ity by writ­ing a list of pros and cons for each house you view, pay­ing at­ten­tion to the draw­backs.

Get per­son­al­ized ad­vice by seek­ing home­own­er­ship coun­sel­ing from a HUD-cer­ti­fied agency.

Main­tain con­trol by be­ing will­ing to walk away if you can’t get the fair price you want.

“First-time home­buy­ers, many times, let their emo­tions get the better of them. They some­times kind of look at a prop­erty with blin­ders on.” Jim Mur­rett Pres­i­dent of the Ap­praisal In­sti­tute

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.