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Do Your Due Diligence
These are bad ideas, my friends. You should take your time to look at the home. Check the cabinets. Run the water. Measure the rooms. Consider the exterior condition. If someone else offers $30,000 over appraised value, let them have it. Do you have $30,000 in cash that has no better use? I don’t see the value in getting a home for the sake of just getting a home. Check out Khan Academy’s Renting vs. Buying videos to understand when it makes sense to rent versus buy.
Don’t Get Into a Bidding War
Consider Other Neighborhoods
Ugly Homes Need Love Too
Share your experiences by commenting below!
***Photo courtesy of http://www.sxc.hu/photo/1394960