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Bargain
Every buyer or
seller would like to save money, especially in today's high-priced homes in
the silicon valley.
For a home
buyer, the areas you could save money are in the following areas:
1) sale price of the property: If the property has potential and you really
plan to do some remodelling, make an "AS IS" offer and reserves the right to
approve or disapprove all inspections. You may get a price break if the seller
hasn't factored in the repairs when pricing the property. Generally speaking,
sellers like the convenience of not having to do repairs and in return for
that accept a lower price bid.
2) Foreclosure
Sale or Trustee sale. This is not an easy way to buy properties. There are
some serious risks involved in the area of IRS liens, Tax liens or special
encuberances you are not awared of when bidding at the foreclosure sale.
Please check with a professional, attorney, escrow/title officer, experienced
Realtor before making bids at foreclosure sale.
3) Financing:
interest rates, points, ARMS, closing costs, buy downs, inspections, repairs,
potential appreciation, etc. are some of the areas you could look into for
savings.
4) Rebates or incentive programs offered if more than one transactions are
handled by the same Realtor / broker. Ask about it. Also see Rebate Programs
available.
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