If you are considering buying a house within the next two or three years but are waiting until you can afford the house of your dreams, you may want to reconsider.
With housing prices going up as much as 10 percent per year in some areas, the longer you wait, the farther that perfect house can move out of your reach.
Along with the hike in house prices, interest rates are starting to creep up as well. This is even more of an incentive to buy a house now, rather than later.
How can you get a big house for a small-house price? The following tips will reveal the secrets to getting a great deal on your dream house.
1. Get to know house values. Before you get started, look at the areas in which you want to purchase a house. Monitor the prices of houses in that area until you are fairly comfortable with those values. Your goal is to know the value of homes so well that a great deal will be obvious to you.
2. Make low offers. Start by making offers that are as low as 65 percent to 70 percent of the asking price. Rather than making only one offer at a time, make five or 10 offers each week. Make sure you write “To be deposited only upon acceptance of this offer” on your earnest deposit check.
3. Expect most of your offers to be rejected. You’ll know you are on the right path when your real estate agent complains that your offers are too low.
4. Wait for a great deal. If a seller accepts your offer, or counters with an offer at 80 percent or less of the home’s value, you’ve probably found a great deal. You will be able to live in a bigger house than other buyers who
didn’t take the extra time to find a seller willing to sell for less.
This strategy will test the patience of both you and your real estate agent. You will be tempted to think that no one will ever accept one of your low offers. However, when a good offer finally comes along, the extra space you get to enjoy in your new house will make it all worthwhile.
'The attention to detail and professionalism that Troy and his staff brings to our contract drafting process is unmatched. It’s a rare occurrence to find a law firm that cares as much about your legal protection as you do. But, Doucet Gerling is that law firm."
Mr. Doucet and his staff handled two foreclosures and a related matter for me. I found everyone in his office to be professional, effective and responsive. Everything he handled for me got me the results I expected. I highly recommend Doucet Gerling.
As an attorney and former client of Doucet Gerling, I was very impressed with the representation of Troy Doucet and his firm. I would recommend him to all who face difficulty in saving their home or getting cooperation with their mortgage companies.
If you need legal assistance regarding foreclosure, I urge you to consider putting your complete trust in Doucet Gerling. They will employ their vast knowledge and expertise on your behalf and work to attain a great outcome for your individual needs and situation.
"Troy Doucet is one of the most gifted attorneys that we have ever had the pleasure of dealing with. He treated us with kindness and generosity. We were most impressed with his integrity and high sense of duty to us. If you are looking for an attorney to get the job done we highly recommend Troy Doucet. Our family can never thank him enough for getting our foreclosure problem solved."
My company has worked with multiple law firms in the past, but none have come close to matching the quality we are seeing from Doucet & Associates. If you want an attorney who has a deep understanding of both the legal system AND business, hire them – you won’t be disappointed.
"Mr. Doucet worked wonders in my case. He stood up for me when I felt overwhelmed and helpless and kept my credit rating and future intact. Thanks you so much for helping me and my family."
"My family and I would like to send a thank you with sincere gratitude for all the time, hard work, and long hours set a side daily to represent and speak on our behalf during a very challenging time in our life. Our success is a reflect of your commitment. Thank you Troy Doucet & law firm."