Home Buying in 17201>Question Details

Confused, Home Buyer in Chambersburg, PA

Do you have any negotiating tips? I'm buying my first house and I don't know where to start. How much less?

Asked by Confused, Chambersburg, PA Tue Apr 14, 2009

than asking price is generally a good deal?

Help the community by answering this question:


I agree you need a good buyers agent, one that only works for you. There are many things to know, closing costs, inspections, the $8,000.00 first time home buyer tax credit etc. An agent will be able to explain these to you and answer any questions you have. You should also contact a Mortage Company to get pre-qualified, or better yet pre-approved for a home mortgage. This will help you decide what you really can or want to afford, and will indicate to your agent what price range to look for your home. An agent will be able to guide and advise you on a good offer price when you find the right house. Good luck in your search and have fun.
0 votes Thank Flag Link Wed Apr 15, 2009
Agree with all that a good buyers agent is what you need. I have helped many 1st time buyers in the Chambersburg area over the past 8+ years and would be happy to help you as well. Give me a call and I would be happy to talk to you about your needs and the home buying process in general.

Harold Burkholder
Jack Gaughen ERA
0 votes Thank Flag Link Tue Apr 14, 2009
Confused: Congratulations on making the decision to buy your first home! Right now there are many great reasons to be in the market for that home the very first time.
I agree that a knowledgeable and professional real estate person acting as YOUR agent is the first step you should take. This agent will act as YOUR representative at a time when you need guidance, information, and assistance prior to and during your home search and purchase.
As a lender, I can't impress upon you enough that you absolutely must get pre-qualified for your mortgage lending as soon as possible. A professional mortgage banker/lender will discuss the options and best path to take regarding your finances and upcoming purchase. He/she will also be able to answer your questions regarding credit, debt, the new tax credit available to first-time purchasers, and more. In other words, they will work hand-in-hand with you and your realtor to make your purchase possible and get it accomplished as quickly as possible.
Many times, sellers will not even entertain an offer made on their home without a buyer's pre-qualification involved. A pre-qualification is close to mandatory in this market and will increase your value as a buyer. By peforming a pre-qualification, you and your realtor will know upfront what price range of home you are qualified to buy and the mortgage debt you can afford. They can then proceed in showing you homes within that price range.
For further information regarding the First-time Home Buyer's Tax Credit, please go to my website at: http://www.genemundt.com. There is a tax credit flyer contained on that site and available for viewing and printing. I hope you find it of value and it provides some understanding of this amazing benefit now available to you during your first home purchase.
If I can be of any further assistance to you now or in the future, please do not hesitate to contact me. I wish you the best of luck and much happiness in your new home!
Gene Mundt, Professional Mortgage Banker http://www.genemundt.com
gene@chicagobancorp.com http://www.genemundtmortgageblog.com
Web Reference: http://www.genemundt.com
0 votes Thank Flag Link Tue Apr 14, 2009
I agree. Get a buyers agent to work and negotiate for you. You shouldn't have to pay one, they are paid by the seller and their input is invaluable. It should save you money in the long run.
If you have any other questions, feel free to contact me.
The very best of luck to you!

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
0 votes Thank Flag Link Tue Apr 14, 2009
I agree with Christine. Hire a buyers agent if you truely are new to this. They can save you thousands of dollars. Have them present the facts and hear what you think before they suggest their price to you.

Sean Dawes
Long and Foster Real Estate Inc.
Web Reference: http://www.SeanDawes.com
0 votes Thank Flag Link Tue Apr 14, 2009
The best way is to have your Real Estate Professional do comparables for the area in which you want to buy.
Your agent will also know what percentage of the sale price is usual in this area. In my area of the country, the Seller usually gets 95 - 100% of the asking price. Then you need to determine what you really want to pay for this house, what is your highest and best offer, and then start about 10K below that number. However, your agent should be able to help with any negotiating you need to do. If you trust your agent, listen to their advise. If you don't trust agent - Get another agent.
0 votes Thank Flag Link Tue Apr 14, 2009
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