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With the tightening of loan guidelines, it has become the "in" thing, to request assistance with Buyers nonrecurring closing cost... NRCC's for short and Seller repairs.  While this is well within the Buyers rights and in some cases a must, you should think before you ask.  Ask yourself... Do I really want this house?  What price & terms will be the best for me and the Seller?  If you ask those questions, you'll put your agent in the best position to get your offer accepted.

As prices decline, let's remember that Sellers still want "current market value" for their home.  Declining prices do not always equate to buying at a discount.  If the home is priced right, there may not be any reason to assist a buyer with NRCC's, repair a chipped tile in the kitchen, replace the garage door and replace a broken sprinkler head.

Remember... the home buying / selling process, is a give and take situation.  If you as the Buyer request a 3% credit for NRCC's... which in most cases is the max allowed by lenders... bending a bit on request for repairs, or paying the asking price may be a good bargaining chip to give the Seller.  3% on a $350,000 purchase is over $10,000. 

NOW is a GREAT time to buy a home.  Try to make the  experience a win - win situation for all involved.  As always, you are welcome to comment.  Please contact us with all of your real estate questions.  Have a great Easter weekend!

Kevin

That's the $64,000 question.  If you are thinking of buying, here's few few things to think about...

1- Are fixed interest rates enticing enough for me to make the leap into homeownership?

2- Are home prices low enough to make me want to buy in this so called "depressed" market?

3-Do I have the stamina to stick it out in this market over the next 5-7 years without wanting to... or having to sell?

4- Are there any real "deals" out there?

5- Am I working with the right agents in order accomplish my real estate goals?

For assistance in answering any or all of these questions, contact me ASAP.  I may not have the exact answer you want to hear at this time, but maybe I can get you pointed in the right direction.  If I can do anything to make your experience in this real estate market easier... isn't it worth it to set aside 15 minutes to speak with me?  Send me an email or call me any time.

Thank you for thaking the time to check out my blog.  Make today a great day!

Kevin