You’ve looked and looked and finally found that dream house that meets, or exceeds, all your criteria. Except for one thing: it’s a bit out of your price range. Realtor.com has three tips that might help:
- Negotiate Depending on the circumstances of the seller, you may be able to pay a little less in return for closing quickly or if you’re willing to accept a bit more of the purchase “as is.” Bottom line: There’s no harm in trying.
- Payment assistance programs Not just for low income buyers, these programs can help with down payments or closing costs. Worth looking into.
- Alternative mortgage A five or ten year adjustable mortgage might make sense for a lower upfront cost. You can always refinance down the road. Be creative.
Once again: be creative and give it your best shot. You might just end up with your dream home!