My professional opinion it’s a Bad Idea and here’s why:*You pay about 20% above the typical rent for the house as well as option fees etc.*The agreed upon purchase price will be what the owner
How To Find Your Dream Home When Inventory Is Low
Dated: July 11 2018
You’ve heard the rumors; it’s a “Seller’s Market.” Well if you are actively searching for a new home, you know that it’s true. The low inventory of homes for sale has made things difficult for buyers. There just aren’t many homes for sale out there and when a nice listing does come to market, it’s met with multiple offers…..often with offer prices over asking. If you’re a buyer in this market, you might feel overwhelmed but remember that with a solid strategy, you can still find your dream home, even when inventory is low. The highest offer price in the world is worthless if the transaction doesn’t close. Here are a few tips for buyers looking in a tight market: • Talk to a lender before you shop so you’re prepared • Be prepared to pull the trigger • Write a competitive offer • Keep contingencies to a minimum • Write a clean offer; Make it easy for the sellers to just say yes When inventory is low, it’s easy to feel like the best homes are already gone, but by working with your agent, you can put yourself in the best position to have your offer accepted.
I purchased my first home as a single mother in my early 20's, so I know the fears, the anxiety and the financial responsibility that comes with such a large purchase. But I also know the pride, joy a....