Three Ways to Get a Better Deal on Your Next Home
May 8th, 2016 by admin
If you watch any of those house hunting shows on HGTV and other networks, you might think that you need to offer more than the asking price when buying a home. Those shows often feature first time buyers who lose out on homes because other buyers offered the asking price or more than the list price. While some homes will sell for more than the list price, other homes sell for much less. Whether looking for Durango homes for sale or homes in any other city, you can get a better deal on your next house.
Shop the Market
Shopping the market refers to the way in which smart home buyers look in less desirably or popular areas. Cities like San Francisco and New York City always have a hot real estate market because there are only a set number of properties for sale. If you want a home right in the middle of the best school district with multiple parks within walking distance and great amenities, you’ll pay more for your home. If, however, you move to a neighboring suburb or a short distance away from the heart of the city, you’ll often find some great bargains and deals.
Point Out Issues
Many buyers, especially first time buyers, worry about pointing out any issues because they think it will anger sellers. Any issue that you see and don’t mention is one you will need to fix yourself later. Those issues can range from a lingering cigarette odor and minor holes in the walls to front porch steps that need replacing and missing shingles on the roof. Don’t be afraid to speak up and point out all those necessary repairs. The sellers may agree to make those repairs or significantly drop their asking price.
Take a Stand
When negotiating on a home’s purchase price, you need to take a stand. Talk with your agent about the amount you can afford. That price should include closing costs and any other out of pocket costs you must pay. If the sellers refuse to come down to a price you can afford, make it clear what your highest offer is and that you will not go any higher. Taking a stand just might make those sellers cave and agree to your price. Shopping the market, taking a stand and pointing out issues can help you get a better deal.