Avoid buying the best house on the block . The best house will appreciate at a slower rate because its value is brought down by the other less-valuable houses nearby. Stick to your priorities list and set a firm price range. Calculate for potential appreciation . Your offer should include standard contingencies .
Contingencies are conditions in the contract that cancel the deal if things go wrong.
This may be because you can t get the loan you proposed, or the inspection turns up serious flaws in the house or there is a problem with the seller and the official title. The seller also may have contingencies making the sale of their home contingent on them buying another house. Always schedule an appointment to present the offer formally. Put yourself in good position by making a clean offer without too many contingencies. Other things that can help your bid are offering to close early, getting pre-approved for your loan, a nd talking to the owners to establish a rapport.