Advanced Buyer's Information Center

NOTE: Don't buy your next property until you read this page!

This page will give you access to the latest tips and strategies so that can save you money, time, and stress when buying your next property. The information will teach you how to avoid the common mistakes people make when buying real estate, and how to save money on your purchase price, closing costs, and interest rate. This page will also show you how to easily obtain concise, organized information regarding money saving tips and insider real estate secrets.

The number one buying mistake people make. The number one mistake buyers make when buying real estate is failing to use a Realtor. Although there are some cases where you might save some money by not using a Realtor when selling, there is virtually no reason at all not to use a Realtor when buying property. A competent Realtor will know more about sold information, area trends, schools etc. Since the seller's agent usually shares his fee with the buyer's agent, there is no extra cost to you. Even if you buy a For Sale By Owner your chances are slim that you will save any money because the For Sale By Owner wants to save the real estate fee too! That's why he isn't using a Realtor.

Save money on your purchase price. One of the best methods to save money when buying a home is to get pre approved. If you have not read my explanation of how to effectively use this technique please click here before you go further. Another effective strategy to get your house for less money is to obtain the List Price to Sold Price Ratio from your real estate agent. This is the percentage of what homes actually sold for in relation to the listed or asking price. If your area has a Multiple Listing Service your Realtor will be able to easily furnish you this. (By the way, if you ask your agent for this information, and he doesn't know what you are talking about, consider getting a new agent.) Check the ratio for the area where the house is located. It should be a number showing the average list price versus the average sold price for the area. For example it might show that homes in that area are selling on average at 96% of what they were actually listed for. This can be powerful information when used properly. For example if a seller is asking $135,000 for his home, and he has negotiated with you down to $132,500 but will go no lower. Check and see if the ratio shows an average lower than that. If houses were in fact selling at 96% of list price, you could show him this information to justify a lower price. The beauty of this tactic is that it's not you telling him his house is worth less, it's the market telling him that. Based on the example above, 96% of $135,000 is $131,040 which is almost a $1,500 savings from his "bottom dollar", accomplished by simply having your Realtor run a report off the computer.

There are many other ways to save money and avoid pitfalls. To obtain a concise, well-organized training guide that will teach you more fantastic money saving strategies click here.