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Things To Do When Buying During A Recession

By Kevin Forcey

Just because we are in a recession it doesn’t mean that every house for sale is a bargain. Even when the sign says “foreclosure” or “Short sale” it doesn’t mean that you are automatically getting a bargain. It is up to you to decide whether not only the house itself is right for you but also the price. There are a few things you can do to give yourself an edge to make sure that you are getting the right home for you at the right price.

The first tip is to make sure that you are not getting too emotionally attached to the property. Many buyers look at a home and they can already see their family in it on Christmas morning. Or perhaps they can imagine their children running around in the backyard.

Try and thing all the angles of your life and how this house will intertwine with it before you fall in love. Do you have teenage kids who will be driving soon, if so does the house have enough room in the driveway for the extra car (or two) that you will have soon.

Taking a few extra days to think about any offer before you make it is wise at any time but especially at the moment, there are so many houses to choose from that you can afford to take some time to fully digest what buying this house means to you.

Another point to remember is that just because a property is listed as a foreclosure or a short sale does not mean that it is a good deal. Not every distressed property is priced competitively, so make sure that you don’t buy a property without doing your full research and market analysis. A good real estate agent can help you with this process.

When you are searching for a Winter Haven mortgage your first action should be talking to a professional mortgage broker.

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Article Citation
MLA Style Citation:
Forcey, Kevin "Things To Do When Buying During A Recession." Things To Do When Buying During A Recession. 11 Jul. 2010. 27 Nov 2014 <>.

APA Style Citation:
Forcey, K (2010, July 11). Things To Do When Buying During A Recession. Retrieved November 27, 2014, from

Chicago Style Citation:
Forcey, Kevin "Things To Do When Buying During A Recession"

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