Enter the complicated world of real estates


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

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



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