Tips For Getting the Best Deal While Avoiding Wasted Time
In order to find the home or condo of your dreams at a price that you can afford – and without wearing yourself out in the process – follow the tips below. They’ve been brought to you directly from our experienced team of Realtors®!
10 Tips to Making a Good Buy
1) Decide the Area You Want to Live In
Knowing exactly the area you want to live in will save you a lot of time, and will keep you from driving around aimlessly and going to properties you have no interest in.
2) Pin-Point the Complex or Development of Your Choice
Ideally, chose a specific development or district in which you would feel comfortable buying. This will make it a lot easier finding out about new listings firsthand and will give you knowledge that will help you bargain prices.
3) Decide the Type of Property You Need
Decide whether you need a house, townhouse, or just a condo. Decide the approximate square footage to suit your needs. This will save you time and will make for a more pleasant home-hunting experience.
4) Get Online
The Internet has amazing tools to make you “deal savvy.” It’s important to learn how to recognize a good deal.
5) Work With a Realtor®
Only a Realtor® has the knowledge, experience, and network of professionals to help you find exclusive deals, negotiate the lowest price possible, and make sure you get it your way. A Realtor® will be on your side, represent your best interest, be on top of important dates such as inspection and loan periods, and make sure the deal is closed. All of this, at no cost to you.
6) Take The Time
Everyone is busy these days. With so many responsabilitties: work, family… It’s easy to lose focus on your home-search. Being alert and focused on your research, and taking the time to attending many showings, will assure you get a property in good conditions. Properties in good conditions at good prices aren’t easy to find. Dedicate yourself to your home-search.
7) Save
Don’t touch your savings account and be very careful about spendings on your checkings account. Banks can ask you for statements and proof of funds. Don’t borrow money or lease a new car. This might keep you from getting a loan. Avoid running your credit. This might lower your credit score.
8) Pursue Happiness
A primary residence is a big deal in one’s life. Ask yourself what you really want and go for it. Do not settle for less than what you can afford. Most importantly, be careful buying properties which will require a lot of work. Avoid buying in “iffy” areas. Read the newspapers and know the area in which your buying. This will save you a lot of headache and will make for a more satisfying home-owning experience.
9) Take Advantage of the Time We’re In
Some condominiums are selling for an all-time low, and homes haven’t been cheaper in decades. There are government incentives to help you finance. There’s a huge inventory. Don’t gamble on the possibility that prices “could drop even more.” The economy is on it’s way up. The time to buy is now.
10) Be Prepared To Make a Quick Decision
You might run into an amazing deal. Be prepared to go for it. Only an informed buyer is able to make the right decision quickly.