Tips to Save Money on Your Next Home Purchase

[Ken and Ari Walker]

Here are some tips on how to potentially save money on your next home purchase: 

• Stay Updated on Current Market Conditions: This will help you make informed offers that reflect the value of your desired area. 

• Be Respectful of Sellers: Even if the property is overpriced or in poor condition, it is essential to approach the sellers courteously. Even a low offer can be accepted if accompanied by an expression of appreciation for the property. 

• Understand the Seller’s Motives: Have the sellers rejected previous offers? Why are they selling? These insights can help tailor your offer and be advantageous. 

• Have Your Financing in Order: Sellers are looking for a smooth close. Get a pre-approval letter from your mortgage lender and be prepared with a substantial earnest money deposit. 

• Eliminate as Many Contingencies as Possible: This is especially true when making a low offer. By reducing contingencies, you simplify the transaction for the sellers, which can make your low offer more appealing. 

• Be Honest About What You Can Afford: Determine the mortgage amount you can comfortably afford. Don’t forget the additional expenses like insurance, taxes, and possible HOA dues. 

• Be Prepared to Walk Away: It is more important not to overextend yourself financially than to secure a particular property. Continue your search for a more affordable home. 

By following these tips and working closely with your real estate agent and mortgage pro, you can improve your chances of successfully buying a home while ensuring the process is smooth and respectful for all parties involved. 

 

Best,    

Ken & Ari Walker - Your Direct Private Money Source    

   

Husband & Wife Team    

Phone: [phone] / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401   
Ken: CA DRE Broker #01858042 / NMLS #1221130   
Ari: CA DRE #01858152 / NMLS #2170867   

   

Bio: Ken & Ari are a husband & wife team with combined 3+ decades in real estate and private money industries. They own Pacific Direct Mortgage & Real Estate, specializing in Private Money loans (also known as Hard Money home loans). Having helped thousands of Borrowers & working directly with Brokers, Agents and Lenders to help when needed with fast, flexible, alternative financing for real estate purchases and refinances throughout California. No issues with DTI ratios, credit issues, property condition, difficult to prove income - we want to help!