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Article #226: 70 Ways for Home Buyers to Save Money When Buying a Home: Tip #17

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Tip #17 in our series of 70 ways to save 225- 250 thousand for a house.
money when buying a house is to never There is no telling if your agent will
tell your agent the top price you will keep your information confidential. By
pay for a house. law, they are supposed to, but it is very
In our last tip, I explained to you the hard to prove, and you do not want to
importance of having your own real estate take that chance. By giving them a range
agent on your side. And if you are going they have all the information they need
to but property you should have an agent to do their job well. They can show you
on your side, especially if it does not all the houses that meet your needs in
cost you anything. the price range you gave him. Then, if
But, your agent is human, and there is no the agent shows you a house that is above
way to tell if he/she has your best your price range, you might want to think
interest in mind. The higher the price of about getting another agent.
the house you buy, and the more you pay, After giving a solid range, there is no
the larger the commission for your agent. reason an agent should show you a house
So if the agent was selfish, she would that is above your range, unless there
try to get you to pay as much as were not enough homes in your range. But
possible. She wants you to buy the most if you do some homework, you should
expensive house you looked at because if easily be able to choose a range that you
you buy it, it will be the largest will be comfortable with and that has
commission for her. plenty of homes to choose from.
By pushing you just a little bit towards By keeping this information to your self
the more expensive house, she will make a you protect yourself from the human
few hundred dollars more. Not bad for a tendencies that get us all in trouble.
few seconds of work. Realtors are human, and you should
Or say you are negotiating with the remember this.
sellers, and your agent knows you can pay By giving your agent a range of prices of
more than you are offering. Will she be homes you want to see, you are making it
able to go in to the sellers and really easier on the realtor to narrow down
sell them on the offer? Probably not. homes to show you and you can save
That is why I suggest you never tell your yourself a boatload of money at the same
agent or any real estate agent how much time. The best thing is, that you would
you can pay for a property. never know if your realtor did something
Your agent will ask you how much you can that made you pay more. Do not let the
afford, but do not tell. Give a range. realtor screw it up for you. Keep this
Tell him, information to yourself.
We would be comfortable paying between






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