Tips for Buyers

1. Take a few moments to discuss what you're looking for with your spouse or partner before you start setting up appointments to look at properties. Make a list of "must have" features together, then discuss other "would like, but can live without" features. After you've looked at a dozen or so properties, re-evaluate your criteria. Often priorities shift with time.

2. Have a realistic idea of how much you can afford before you start looking (most lenders will pre-qualify you for free). Not only will this save time, but will also avoid needless disappointment on everyone's part. Note: Keep in mind that pre-qualified and pre-approved are two very different things. Don't mislead sellers by telling them you are pre-approved unless you have a commitment to lend from a mortgage lender.

3. When presenting an offer, be courteous and respectful of the sellers. In general, avoid criticizing the property with statements like "we don't care for the new carpeting, and therefore we'll have to replace it". This will not justify a lower offer and may possibly insult the sellers, decreasing your chances of their accepting your offer.

4. If you feel the property may be overpriced, yet the seller refuses a lower offer: Make your offer contingent upon the property appraising for the selling price or higher.

5. Request that you be permitted to walk-through the house (shortly before closing) after the furniture is removed to make sure that some of the home's faults weren't covered with furniture, rugs, or wall coverings. It is far easier to request compensation for necessary repair work before the house is sold than afterwards.

6. Request that the seller complete a property disclosure form, stating the condition of all aspects of the property, before you make an offer.  If you are making an offer on a property listed with an agent, make sure you see the seller's disclosure information first. Agency-listed properties carry no guarantees, and it is the seller who is legally bound to be truthful in reporting the property's condition.

7. If you don't know much about building construction, don't worry. Simply make your offer contingent upon the property passing a professional home inspection. This is also an excellent way to become more familiar with the upkeep needs of your future home.

8. Put everything in writing. Your sales contract should spell out whether the washer and dryer stay, draperies, etc.