Posted by Chris Reuman (Maine) on June 06, 2006 at 11:33:18:
The problem at this point is, you are chasing the deal. Never chase the deal. I don’t mind paying a fair price, which is defined by a motivated seller jumping at the final price. When the seller is motivated, life is easy. They are happy with the price and of course you are happy too. Remember the golden rule: “he with the gold, makes the rules”. Also, “the deal of the century comes around every week”. Don’t chase the deal with, the refrig, etc… are worth xxxx. You will buy the home and find xxxx wrong with it. Pick your price, and stick with it. Like Tony said, they will come to you. The reason I am making this point on such small dollar amount, is that this is a huge leason for all of us to remember. This may prevent you from chasing a deal that is tens of thousands of dollars more.
Best investing, Chris