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House Hunting - how do you decide on price range?
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<blockquote data-quote="kinosfronimos" data-source="post: 1150061" data-attributes="member: 14190"><p>A good piece of advice we got was to buy the cheapest house in the best neighborhood you can afford.</p><p>A 'bond originator' was beyond invaluable for us.</p><p>As was a professional pre-purchase inspection (which we put a clause into the offer to purchase that if we did not approve the results of this inspection, the OTP would be canceled - so it paid for itself when, on the basis of the findings, we had the seller drop his price for certain defects)(it has also been great as a maintainence roadmap).</p><p>And as everyone else has said, buy with more than adequate leeway for unexpected interest rate hikes, maintainence, rates & taxes etc.</p><p>And lastly a list of dream must-haves also worked out really well for us.</p></blockquote><p></p>
[QUOTE="kinosfronimos, post: 1150061, member: 14190"] A good piece of advice we got was to buy the cheapest house in the best neighborhood you can afford. A 'bond originator' was beyond invaluable for us. As was a professional pre-purchase inspection (which we put a clause into the offer to purchase that if we did not approve the results of this inspection, the OTP would be canceled - so it paid for itself when, on the basis of the findings, we had the seller drop his price for certain defects)(it has also been great as a maintainence roadmap). And as everyone else has said, buy with more than adequate leeway for unexpected interest rate hikes, maintainence, rates & taxes etc. And lastly a list of dream must-haves also worked out really well for us. [/QUOTE]
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House Hunting - how do you decide on price range?
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