These wannabe buyers have listened to friends, and friends of friends about the bargains that can be found in the slow real estate market. By the time they’ve finished talking it up, the couple is under the impression that they will be able to find a mansion for less than $350 a month…because that’s the deal someone’s cousin got. They enlist the help of a real estate agent, and she shows them fixer uppers and short sale properties that fit within their budget. They find a turnkey home they fancy, and because of the ridiculous advice of non-professionals, demand that the sellers reduce the home another $25,000, provide a stainless steel appliance allowance, and pay all closing costs.
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