If you can't beat them, you might as well learn from them. How do they pinpoint the best deals? And how can you make your offer stand out from others?
In this month's Buying Advice, we'll also look at the kinds of problems a home inspection can turn up, and how having one done can save you money — both at closing and on your utility bills. And we'll check in with the latest housing statistics, which point to a slow but continued recovery.
A little flippin' advice
Start by studying the neighborhood. As soon as a traditional listing or foreclosed home becomes available, scrutinize the surrounding three blocks and look at the following factors:
- How many homes are on the market and how long have they been on the market?
- What condition are these properties in?
- What's in escrow? What have houses nearby sold for in the past 90 days?
But most people want to get serious the first day they go out and look at homes.
They say you need to treat homebuying more like dating: See what's out there and figure out what features you like so you can jump when you see the perfect fit.