Tuesday, October 14, 2014

How To Save $1000's Of Dollars When Buying A Home

The first thing you need to understand is don't mistake a homeowner or their agent being polite as them wanting you to get the best deal. Never tell the seller or their agent why you need to buy or if you like their home because they’ll use this information against you to get a higher price. That's why it's so important when looking at the home and when making the offer to direct all your communication through your Real Estate Agent.

When you sit down at your Real Estate Agents office to make an offer you want to take these items into consideration when determining your offer amount:

1. Take a look at the other active listings in the area and see if the home you want comparable?
2. The average selling price compared to the listing price of homes that have sold.
3. A visit to other homes for sale in the area. How do they compare with your choice?
4. The average market times for homes in the area. If they’re long, you may have more negotiating room.

Always remember if a house is turnkey, meaning you can just move in, and it has been upgraded, it typically will attract higher offers. If a home is in an ideal location and is priced under market, you can expect to have multiple offers on the house so we advise you want to put your best foot forward based on what you feel comfortable with but be aggressive because you might get a second chance if the property is HOT!

Thank you and I look forward to talking to you soon,
Seth

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