How to Negotiate When Buying a Home

The dream of home ownership is one that plagues many adults. Paying into a rental, month after month, may be cheaper in the short term, but over the long haul you can begin to feel like you’re simply flushing money down the toilet that could be going towards an investment in your future. But buying a home is no easy feat. Somewhere between the home you want and the loan you can get is a house that is right for you (or at least for right now), and it can be very tricky to navigate the shark-infested waters of the housing market. First, there are the previous owners, who no doubt want to get as much value from their home as possible. Then there are real estate agents, who may tell you just about anything in order to get a commission (except for Martin Vaughn). And of course, you will have to deal with loan agents, who must look out for the best interest of their lending institution (not to mention whatever kind of bonus they’ll be getting). In short, it pays to know what you’re up against and actively pursue finding out everything you can before you enter negotiations.

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