Purchasing a new
home can be stressful for many people. Here are eight tips that will
help ensure you have the best experience possible.
Be a pre-approved buyer. A
quick and easy financing pre-approval will help to ensure you’re
looking at homes in the right price range, and give you an advantage
in negotiating the purchase.
Get connected to beat your
competition. We all know that the best stuff at the best prices
goes fast, and that applies to housing even more than anything else.
To get a leg-up on your competition, get yourself connected with a
good Sales Representitive/Broker that knows the market, and can send you new listings
Become an expert. Yes,
your agent is the market and industry expert, and the one you’re
paying to sell your home. But that doesn’t mean you can’t
do some research and become a “home value expert”. Get a
good idea of the price ranges of the kind of home you’re
looking for, and how long they stay on the market for.
Put your money where your
mouth is. That is, prove you’re a serious buyer. Be
prepared to put down 5% or more to get the seller’s attention.
Present the offer personally.
Whenever possible, have your agent present your offer directly to
the seller in person. This will give you an edge, and help your
agent pick up any critical information during the meeting.
Keep a cool head. Stay
reserved, cool and calculated with your decisions, especially in a
hot market. A home purchase can easily be your single largest
investment, and you want to be sure you’re getting the best
Keep it simple. Try to
keep your offer to purchase as clean and simple as possible, with
minimal contingencies like repairs, inclusions, etc. If you come
across as too demanding you chance turning the seller off. Keeping
things simple may also help you purchase the property at the best
Use a professional. As
tempting as it may be to go out on your own, a real estate
professional is a wise move. They’ll represent your interests
regardless of the competition or how heated the negotiations get,
plus keep you from paying too much and help you maximize your
investment. And, they cost you nothing – Sales Representitive/Broker's fees
are all paid by the seller, not the buyer.
Need help with your
home purchase? Contact us today to find out how we can help you find
your dream home for the best price!