In an Extreme Seller’s Market Tips for Buying a Home
Search Under Your Budget While this is just a good money-saving tip in general, in a hot market, the likelihood of getting outbid by other potential buyers is high. If you start your offers low, it gives you more room to bid up on a house you like, if you have to. Make Compelling Offers Beyond Just a Higher Bid Sometimes, the best offer on a house isn’t always the higher offer. Depending on the seller’s priorities, they might choose to sell to the buyer who offered a higher down payment or to close the sale earlier. Sellers might find an earlier closing especially compelling if the buyers also offer a rent-back so the sellers have time to find a new home themselves. Hire a Good Real Estate Agent Real estate agents are an essential element of any successful home purchase. Their industry knowledge, negotiation skills, and network connections make them more than worth hiring when you’re just starting out your search.
For the past year and a half, America has been experiencing a housing crisis. There has been a shortage of inventory caused by a lack of new construction for the past few years, but the COVID-19 pandemic has exacerbated these trends, causing house prices to skyrocket in many American cities. If you’re trying to buy a home in this market, you might be wondering how to put your best foot forward in all the craziness and ensure you’ve got a place to live when the dust settles. Well, while nothing is guaranteed in the current market, you can do a few things to ensure you find a house you (mostly) like and can afford. Get Preapproved for a Mortgage This lets sellers know that a lender has verified your finances and credit history and can attest that in your current situation, you’re able to own a home. It will make you a much more favorable potential buyer.
Even though the market seems crazy right now, don’t worry -— with the right tools and a little patience, you’ll find a home you’ll love.
Get the Wisdom of Other Business Owners’ Mistakes
From Terry Monroe’s ‘Hidden Wealth’
Are you planning on selling your business in the next 1–2 years? If so, you need to start planning now. But where do you even start? Selling a business is a massive undertaking. With so many things to consider, some confusion is understandable, but if you don’t get the right kind of help, you could end up selling your business for far less than top dollar and leave tens of thousands of dollars on the negotiating table. These are the kinds of cautionary tales that market maker and four-time author Terry Monroe shares in “Hidden Wealth: The Secret to Getting Top Dollar for Your Business.” While we’d like to hope we’re accomplished and savvy enough to sell our business without any help, the uncomfortable truth is that tons of successful business owners have lost out on millions of dollars in selling their business — all because they didn’t know exactly what they were doing. Sometimes, contemplating the financial implications of selling your business and dealing with the strain and grief that comes with doing so are worse than actually selling the business. So, what then? Well, in Terry Monroe’s “Hidden Wealth,” you’ll also learn how to realistically assess your situation, deal wisely with the business you’ve built over the years, and maximize the money you’ll receive when you decide to sell.
someone else’s failures and not their own. “Hidden Wealth” seeks to do just that: give every business owner access to the lessons learned from the mistakes of other business owners so they can avoid the setbacks and reap all the rewards. Find out how you can get a copy today by emailing Terry@terrymonroe.com.
It has been said that we learn from our failures, not our successes, but the true sign of a successful individual is their ability to learn from
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