In today’s economy, most home buyers have a limited amount of money to work with, so they will want to make sure they are getting the best deal on a home and not paying too much for it.
If you are planning to buy a house, here are some of things you may want to consider in order to get yourself the best price:
In a hot market, a house can get sold in a matter of days, sometimes even in just a few hours. If that is the case, then you can forget about making a deal. If the competition is fierce, any offers made that are lower than the asking price will just be ignored.
But if a house has been on the market for more than month and has seen little or no action, an offer that is below the asking price is usually better than no offer at all. It’s worth making an offer that fits your budget exactly–it may just be the offer the seller is looking for.
Do your research and find out how much homes are selling for in the particular neighborhood you’re interested in. If the home you want is priced above market, you can use that as leverage in your negotiations for a better price. Remember that a house’s selling price is mainly determined by the law of supply and demand, rather than the actual value of the property. Sellers have little to no control over this and have to play by the market rules.
Be on the lookout for key words in ads such as “motivated seller”. This means that the seller is motivated to sell, not necessarily to get their asking price. A seller who is motivated enough to sell their property will settle for a sale for less, which is infinitely better than no sale at all.
If you are planning to buy a home, let The Incorvaia Team make the process as easy as possible for you. Call us at 440-879-7130 today!
