The buyers who set out to buy ONLY THIS HOUSE are similar to the man or woman who wants to get married in the worst way. They generally do. No, I am not against marriage or buying houses. I am against some spending more than they can afford or spending more than the property is worth.
First find a very good mortgage banker, I would highly recommend me â˜º, discuss your loan options, desires, and needs. I ask my clients and prospective clients a series of questions, determine what they are paying now, what they are comfortable making as a payment amount, and what is the maximum amount that my clients and prospective clients can qualify for. Secondly, I communicate this amount to the clients and give the options of house, house, house, house OR home, savings, lifestyle, etc and let them make the decision. A number of mortgage bankers do it this way.
Getting back to your question.... If you are sure this particular house is the house you really want, WITH THE PROFESSIONAL ADVICE OF YOUR REALTOR, determine how much is the absolute highest price you will pay, determine how much you are wanting to pay, and then with your realtor's guidance and assistance, submit your offer. Let the chips fall where they will and buy your house or find the better one that is really the one that you will want because you did not OVER pay or over bid.
I am a Mortgage Banker in metro Phoenix, AZ. I lend in both Arizona and California where I will be pleased to help you. If you or someone you know is looking for financing options, please feel free to contact me or pass along my information. 623-340-0934 Korene Clopine-Seaman NMLS # 218520 KLCSLoanTeam.com We are Direct Lenders, WE CLOSE LOANS!