Buying a home is one of the most expensive purchases you will ever make, and by following some simple guidelines you can stand to save thousands of dollars. If you are like most people shopping for a home you are probably trying to match a home that fits your needs perfectly, with the lowest possible price.
When looking for a home yourself, its important to know how previous successful home buyers have purchased their homes for thousands of dollars below a sellers asking price. Skills like negotiation are handy, but the fundamentals are often overlooked. This report will cover the following:
- Steps for saving thousands when you buy a home
- How sellers price their homes
ome simple steps that will save your thousands when you purchase a home
Going into the home-buying process with some basic knowledge in the area can make all the difference. The following are some simple, but often overlooked, points that every homebuyer should take into account.
This seems like a simple point, but many people make the mistake of confusing what they need with what they desire. Obviously the goal of shopping around is to find a property that fulfills both, but its important to know that in the real world this situation does not always occur.
When the purchase price of an item exceeds 10,000 Dollar people commonly let emotion and desire play a big role in their decision-making processes. When you are looking at home youll find that you are drawn to certain properties for completely different reasons some based on needs, and other based on desires. Is it better to buy the house with the basement suite for rental possibilities, or the one with more bedrooms to better accommodate a growing family? Many people make the wrong decision at this step and end up regretting their purchase for years.
Its vital that you satisfy your needs first, and your desires second. Oftentimes writing down both can aid in the home-buying process.
You should make sure that your agent offers a buyer profile system to get you all MLS System listings that meet your exact requirements. Using one of these systems can greatly increase your chances of finding that perfect home as you will be made aware of all existing and new listings that meet your requirements.
Sellers price their homes in several different categories and its important to consult your agent about the price of a property. Keep in mind that roughly 75 percentage of all homes on the market are priced 5-10 percentage above fair market value.