3 Tips For Getting A Great Deal On Your Next Home

In Real Estate on September 5, 2013 by Community Expert Team
3 Tips For Getting A Great Deal On Your Next Home

Everyone wants to get a good deal when they buy something. Usually when you get a good deal, you can’t wait to tell people. Like when someone compliments your shirt and you can’t help but tell them you got it 50% off! Well the same is true of real estate. Everyone wants a great deal, sellers included.

 

As you may have heard, today’s real estate market is a sellers market. Homes are selling quick and close to asking price. But this doesn’t mean that their are not deals out there for buyers, you just need to be patient and do some homework when buying a home.

 

Know Your Real Estate Market

Know what homes are selling for in the neighborhoods you are interested in. You need to know a good deal when you spot one. With the help of a good realtor, get to know the prices of current homes on the market as well as what homes have sold for in the last 6 months.

Pay Attention To The Details

How long has the home been on the market. Usually homes get the most interest in the first two weeks and really slow down after four. If you are looking at a home that has been on the market for 3 months, you may have some good bargaining power to help you land a good deal.

Present The Offer Properly

If you want a low offer to be taken seriously, don’t just fax over your numbers. Explain why you are offering what you are and be respectful. Your realtor can do this, or you can include a letter with your offer. Consider even putting in why you love the home and your plans for the home to tug on their heart strings a bit.


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