Here is a list of 8 real estate hacks that everyone should know, whether you are a home buyer, home seller, or you have any interest in buying or selling a home in the future. These interesting alternate ways have been collected over a lifetime of experience in just about every major facet of real estate. They are ageless and all-inclusive.

When buying, buy right or not at all!
Owning a own home can be very expensive so you must be very careful how you buy it, what your intentions are, and what your contingency plans will be if you have to sell.

When selling, your list price can never be too low
Your list price can never be too low, in fact, the lower you list, the more likely you’re going to originate what’s called a multiple offer situation, bidding the property right back up to, or over, market value. If you've hired a great Realtor, they should be able to handle the negotiations to get you the very best price for your listing.

If you can’t qualify for a loan, get creative
In this day and age, there are all sorts of resources available to people that do not qualify for an ordinary loan. There are so many ways to buy houses creatively and it ’s not completely complicated. If you have a dream of being a homeowner and you can’t qualify for a loan, that should not stop you. A great Realtor will be able to connect you with lenders that they trust.

Get 3 Bids
When looking to hire anyone to assist in your home maintenance, such as, a roofer, contractor, plumber, etc. Get 3 bids, because when you do, you’re going to get 3 different answers. Also, when they know you have other people involved, they’re going to bring their "A" game. Hire the best by talking to your top 3 choices and get bids from each of them.  This is the hack of hacks, you will save money and you will get the best out of people.

Always maintain a "walk away with power" attitude

When buying a house, always be willing to not buy it. If the inspection comes back and there’s a problem or if the appraisal comes back lower than what you have it under contract for, be willing to walk away.  If you are selling a property, be willing to say no to a deal if it’s ideal for you.

Buy less than you can afford
If you’ve never owned a home before, there is a whole new world of expenses coming at you that you won’t even see coming. You have no idea how expensive it is to own a home until you’ve owned one, so buy less than you can afford to allow room for unexpected costs. You want to be able to enjoy being a home owner.

When selling, your first offer is often your best one!
Some people get a solid offer in the first day or two but think it’s too early to say yes, and so they hold out in the hopes of getting a better offer down the road. A buyer who is submitting an offer right away is usually your best bet. Your first buyer is usually the most qualified, and also your most interested party.

Hire the Best
This could mean hiring the best real estate agent to represent you on your transaction. Or, hiring the best team to perform inspections or repairs. If you have hired a great Realtor, they should have a list of reputable companies they can recommend.

Posted by Shane King on

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