Money Saving Strategies
Buyer Agent Commission Rebate – If you’re buying a home, and you live in 1 of these 40 US states, you are eligible for a Buyer Agent Commission Rebate. Many real estate agents won’t rebate their commission back to you at the closing table, but some will. Companies, like Transactly, find out who those agents are and share that information with you for free.
Seller’s concession – Not all real estate agents are created equal, so finding one who has experience negotiating a seller’s concession, is in your best interest. Basically, a seller’s concession is where the person selling the home simply gives you, as the buyer, a money towards the closing.
Compare rates from lenders – According to Freddie Mac, “when buying a home, you can save thousands in interest by comparing options from several lenders.” A few examples of lenders are: Better, Quicken Loans, Rocket Mortgage, and Veterans United.
Personal loan over traditional mortgage – You can get approved for a personal loan more quickly than for a traditional mortgage, and the approval times are faster, too.
Reconsider your definition of a “house” – Technically, mobile homes are not classified as real estate, and this goes for manufactured homes and tiny houses, too. Do you really want, or need, a traditional ranch style home, or would you be happy with another alternative?
