Deal or No Deal? 8 Times Bargain Hunting for a Home Can Backfire
Everybody loves a bargain. But getting one handed to you, gift-wrapped, in this housing market? Fat chance.
Limited inventory has boosted prices, and in many cities, sellers have the big end of the stick. It’s rare to see buyers scoring a fabulous house in a desirable neighborhood for thousands of dollars under asking price.
So to save some cash, you might feel compelled to make some compromises, try to negotiate, and look for the hidden bargains.
But beware of taking your thriftiness too far—because you just might regret it. Read on for eight times bargain hunting can actually backfire.
1. Working alone instead of with an agent
Thinking of just doing this thing on your own? Don’t.