Michael Corbett's House-Hunting Tip: Shop High to Buy Low!

July 27, 2011 Mansions and Millionaires

Best-selling author, real estate expert and "Extra's" Mansions and Millionaires host Michael Corbett gives you some hot tips on the best ways to buy a home -- all from his new book, "Before You Buy!"

This week's tip:

You have to shop high to buy low. Today, as prices are lower and sellers are sometimes getting anxious, always shop 10 percent higher than you really want to spend.

Start at the top of your price range. If you feel you can afford a home that is $400,000, then look at homes priced at $440,000. The reasoning is that in a cold or buyer's market, you will probably end up paying slightly under the asking price. There may be room to negotiate down to bring it into your price range, and you will still manage to stay within your budget.

For more tips and guidelines, check out Corbett's book "Before You Buy!" on Amazon.com.

Visit Corbett's official website and Facebook page!

Filed Under: Celebrity Books, Mansions and Millionaires, Michael Corbett

Prev Post Michael Corbett's House-Hunting Tip: Start Small, Win Big!

Next Post 'Home Alone' with Aniston, Nicholson, and the Osbournes!

Add Your Comment

Your comments*

Please check your inbox ... your comment will not appear until you have confirmed your identity via email.
Receive Extra Newsletter

Cancel Reply

Please keep your comments relevant to this blog entry.
Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put 1 URL in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.