You can admit it: buying a home is a scary task. You’re about to make the biggest financial commitment of your life and you want to make sure you don’t get taken for every penny you have. Just the thought of it can make you want to keep renting forever, but take a breath and take these tips to heart. With just a little advice on getting the home price you want, you can walk into negotiations full of confidence and hopefully walk out with the keys to your dream home.
1. Listen to your realtor:
If this is your first home-buying rodeo, you really need to get a realtor. As long as you’re confident that your real estate agent has your best interest at heart, listen to their advice on what price to start at and how to proceed in your negotiations. They’ve done this before and have a better idea of how a seller will react. The ultimate decision is up to you, but take their advice into consideration as you figure out what you want to do.
2. Look at other prices nearby:
Your realtor can help you determine the appropriate value of the home you want to buy by looking at prices of similar homes in the neighborhood or you can find some on your own online. Knowing the prices nearby, and whether there are reasons those could be lower or higher than the one you’re looking at, can give you a good idea of a fair asking price or starting offer since prices vary by location. Read more......