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3 Tips for Baby Boomer Home Buyers

Have a plan. When you act on emotion, rather than reason, you will pay over pay. This can happen when you get emotionally attached to a house and start thinking about the lifestyle and how nice it will be to live there. Another reason you may be driven to pay too much is that a bidding war triggers your competitive instincts and you must buy the house at any cost.

Get an Inspection. The one condition you should always include in an offer to purchase is a home inspection. Find out how much it will cost to fix any defects and have the seller fix them before you agree to buy or deduct the estimated cost from the final price you offer. If the seller won't help bear the costs, and you want to go ahead with the purchase, make sure you can afford the necessary repairs.