Problem
Imagine you are ready to buy your first or next home. Using the worksheet, identify and prioritize your interests. Determine whether each item is something you must have, something you would like to have, or something you absolutely cannot live without. Identify three properties that are currently available in your area that meet or come close to meeting your criteria. For each property, identify the list price, current taxes, etc. Rate each property against your criteria and identify the property that best meets your needs.
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CRITERIA
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RANKING
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ADDRESS #1
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ADDRESS #2
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ADDRESS #3
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PROS
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CONS
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A
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B
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C
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D
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E
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F
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G
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H
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Now that you have your number-one choice determine your next steps in the process and who should be involved: (e.g. realtor, attorney, house inspector, etc.).
• What will be your initial offer?
• What will be your final offer?
• What will you use in your negotiations to persuade the seller to agree to your offer?