RealEstate Journal has some advice for home buyers looking to knock down a seller’s price. For one:

• Check public records (like at RealEstateABC.com and Trulia.com) to see how much the owner paid for the property and when. Owners who’ve held the property for years have built up the most equity and have the most wiggle room on price. On the other hand, those who bought within the past two years may actually owe more than the house is worth.

The article also talks about seeing what comparable houses are selling for and looking for language like “willing to negotiate” in the house’s ad. With the increase of houses on the market, prospective buyers have more opportunity to get a good deal on their dream house. — BEN POPKEN

Tips on Making or Accepting A Lowball Offer on a Home [RealEstate Journal]
(Photo: amyadoyzie)

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