YouTube video by Nick Perry offering three practical tips for buying a house in a tough market: (1) target listings that have been on the market for six months or longer, (2) shop off-season (winter rather than spring/summer), and (3) prefer homes with a separate entrance to create a rentable unit to offset mortgage costs.
Never, ever, ever buy a house without knowing these three secrets. Especially if you are in a tough market. Because these secrets are your unfair advantage. Number one, look at listings that have been sitting on the market for a while. See, when a house has been listed for six months or longer, nobody's paying attention. That's where low offers are accepted. Then number two, shop off season. Everyone and their mother is out in the spring and summer, so you should be shopping in the winter. That's always where the best deals are taken. And three, look for a house with a separate entrance. A separate entrance allows you to make a separate unit which you could rent to offset the cost of your mortgage.
