If you’re a buyer, one word of warning. You’re in a seller’s market where residential home inventory is tight. Don’t get cute during negotiations. Homes are selling fast and generally for more than the asking price. If you like the house, be prepared to move quickly and perhaps pay more than you were planning. Beyond that, here are some talking points that may help you with your home buying strategy. Buying a home for the right price is an art form and not a do-it-yourself activity. You want to engage a top real estate professional who knows the market, the true value of the home, the potential of the neighborhood and, in the end, one who is a proven negotiator. To start the process, you should first choose a lender and get pre-approved, rather than pre-qualified. The difference is your lender has gone beyond opinion, based on your oral interview, and has fleshed out your financial situation in order to “pre-approve” you. This makes a world of difference in a seller’s market like this. With a pre-approval rather than a “pre-qual” your real estate professional will inform the seller and their agent that you are approved. That’s right, not only   Read more…