How to Be a Savvy Home Buyer Save $10,000 Plus on Your Next Purchase

Introduction

The www.merriam-webster.com/dictionary definition of what it means to be Savvy.
– practical know-how <political savvy>
having or showing perception, comprehension, or shrewdness especially in practical
matters
– practical knowledge or understanding

My definition for being Savvy as it relates to buying a home is; acquiring the home of your desires at the best possible price. Below market value! Everyone wants a bargain of a deal. Being smart, using wisdom by planning a strategy to ensure you do everything possible to get a good deal, Now that is being Savvy.

Also, being Savvy doesn’t have to mean buying below market. Great locations in high demand easily bring the seller top dollar. If this location is your desire and you don’t mind paying the price required to get it, that is OK. There are still other areas in which to be Savvy. For example:
How to prepare your financing.
– How to prepare, structure and present your offer.
– How to inspect the home so you don’t buy into any hidden defects.

Just because a home / location is in a high demand area doesn’t mean there are no distress situations with some home owners there. Being Savvy is knowing how to seek out these situations which gives you the best chance of getting a bargain. Especially when the home is not for sale, on the open market and you therefore have no competition.

My wife and I during our first 11 years of being married moved 9 times. Because we were being Savvy working towards a goal of building our dream home. We bought fixed up and sold for a profit until we were able to build our 2 Story 4000 S.F., 3 car garage, full 2000 S.F. partially finished basement, home on .8 of an acre, just the way we wanted it. Just one of our custom features was a huge master bedroom with a huge master bath and large walk in his and her closets, with custom wood shelving, Double bowl vanity, jacuzzi, separate large shower and his and her toilet rooms.

Sure, it involved some sacrifice and delayed gratification. No pain no gain is a familiar saying. Yet we lived better than most our family and friends. Being Savvy in my approach to home buying wasn’t complicated for me since I was investing in homes for investment as well. That fact certainly made it easier for me to be a Savvy Home Buyer. I also worked as a Real Estate Broker and have helped others buy good deals on their homes. I’ve seen buyers working with other non-Savvy Brokers who didn’t know how to be Savvy, pay too much for homes. You will not be one of those buyers when you implement what I teach.

If numbers are a priority for you then the minimum objective is to pay $10,000 less than market value for any home you buy. Now that is the minimum, I have certainly received much better deals than that. As an investor, you have to buy with enough profit to cover cost and make a profit.

To be a Savvy Home Buyer is to avoid getting caught short when you sell. It also involves becoming informed. As with everything there is a learning curve. Most people go through the College of Hard Knocks, learn through trial and error. In my course, I’m providing you step by step what you need to know to be Savvy.

September 13, 2017

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