If you are thinking of purchasing a new home, right now would be the best time to act. Today’s real estate market conditions are what experts call a “buyer’s market.” This means that home buyers right now can afford to be a little more choosy or selective about what they want in a home. Here are a few tips on how you can use this situation to your advantage.
Ensure that the home you are planning to buy is in top condition. We can’t stress to you enough the importance of getting a home inspection before purchasing any property. If you are like a lot of home buyers and have limited funds to work with, then you will want to make sure that you are getting value for your money. Buying a house is a serious business, and the last thing you would want is to spend a lot of money on a property that will only require you to spend even more on repairs.
Make sure to do your research and find out if the asking price on the home you’re interested in is comparable to all the other homes on the market in the area. This is where your real estate agent’s knowledge and experience comes in handy, as he or she will be able to give you the information you need regarding this. Remember that sellers don’t have a lot of control over pricing their homes, as prices are usually determined by the law of supply and demand instead of the actual value of the house. If the asking price of the home you’re interested in is above market, then you can use that as leverage to negotiate a better price.
Sellers know that buyers tend to look for other incentives such as furniture and appliances to be included in the purchase. Find out what perks the seller is willing to throw in so that you get most out of the deal. Make sure everything is on paper, in order to avoid any potential conflicts on closing day. Again, enlist the help of your real estate agent in reviewing all the paperwork involved in the transaction. If you are considering buying a home, find out how The Incorvaia Team can help you get the best deal by emailing us or giving us a call.
