Finding an affordable home involves several strategic steps. First, knowing your budget and obtaining mortgage pre-approval is crucial, following guidelines like the 28/36 rule. Additionally, exploring diverse listings, including foreclosures and homes sitting longer on the market, can reveal opportunities for negotiation. Staying flexible about neighborhoods and types of homes can also help stretch your budget. Finally, leveraging buyer programs and working with a knowledgeable real estate agent can enhance the home-buying experience and lead to more favorable deals.
Working with a real estate agent can help you find listings that have been on the market for 30 days or more, potentially leading to better negotiation outcomes.
Consider different neighborhoods, fixer-uppers, or smaller homes to stretch your budget and discover more affordable options that meet your needs.
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