how to: buy a home

Ready for a new nest? Whether you’re looking for your very first place, or it’s time for an upgrade, we’ve got guides on renting or buying a home that will help ease you through the process. Start with the basics -- condo, co-op, or house? Our home buying help will give you the pros and cons of every option. After deciding what you want, you’ll need to settle on where to live. Our tips on how to find a home will help you pick the right neighborhood and even tell you how to give it a test drive! If you’ve already narrowed in on a neighborhood, you’ll want a real estate agent, and we’ve got the questions you must ask before you hire one. Once you’re on the house hunt, our Q&A can help you through every step of buying a home. From dealing with agent fees, how much to bid, managing mortgages -- even when it’s smarter to rent. You’ll find home buying help for every sticky situation. In addition to tips on buying a house, we’ve also got advice on selling your old one. Take a peek at our advice on organizing an open house, the dos and don’ts of selling it yourself, and our handy selling your home checklist. Our tips on buying a house will take you right through to the end, from dealing with inspections to making an offer. Once you’re ready to make your move, check out our moving checklist and the first things you should do in your new space. Welcome home!

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Real Estate Q&A: Take Advantage of a Buyer’s Market?

Q.

Everyone’s saying it’s a buyer’s market. How do I take advantage of that?

A.

First of all, realize that a buyer’s market means that there’s a lot more inventory to pick and choose from. And with more inventory comes more negotiating power for you as a buyer. You may be able to bid below asking, bump down purchase price for necessary updates you’ll need to make, or even convince the sellers to update certain amenities for you. Be up front about what you expect and see what they come back to you with. You might be pleasantly surprised.

Nestpert Joseph Russo, Executive Director of The National Council for Financial Literacy and Real Estate Expert at ITeachAboutMoney.com

-- The Nest Editors

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