Old rule: Take your time shopping and do everything possible to negotiate the lowest purchase price possible. Sound familiar? This is how purchasing a new home has been done for decades.
New rule: Do everything possible to get a deal done because, by the time you start living in your new home, it’s worth more than you paid for it. This is a new way of thinking. If you want a new home, in this market, a new way of thinking is needed. the old way is no longer working.
How to get a new home in this market
Listen carefully. Smart buyers, who play by the new rules, time is more valuable than money. Realizing that right now, homes are more affordable than ever. Because interest rates are at historic lows and even though prices are high, homes payments are lower than ever. Get into a new home while interest rates are lower than we will ever see them again.
The new rule is to do everything you can just to secure the deal today. Because home values are appreciating by thousands of dollars every year, waiting is not an option. Chances are, by the time you start living in your new home, it’s going to be worth more than you paid for it.
In the next video, I’ll share a strategy that will show you how to win the bidding war without making the highest bid.