Buying a home

What actually decides whether buying now beats waiting, what buyers really paid over asking, and what first-time buyers wish they had known before they signed.

• How much over asking did people pay? Usually 2% to 5% over asking, but it varies wildly by market.
• Is it ever safe to waive the inspection? Almost never. Waive it only for a cash offer on a newer home.
• Is a home inspection worth it? Yes, always get one before you buy.
• What do first-time buyers wish they had known? The costs don't stop at the mortgage.
• Did renovating before selling pay off? Usually yes, if you did the right rooms.
• How did people decide their budget was their budget? They picked a number they could defend to themselves.

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