Power Tips for Home Buyers!
As a home buyer there is so much to learn, it can be overwhelming, but to start you off – take these 17 tips into consideration and laugh all the way to the closing table.
- Don’t be afraid to compete with another offer, just know how far you will go with it, before you submit even the first offer.
- Even if the quality of the school district doesn’t matter to you now, remember it might someday to another buyer.
- Brand new homes may be lower in maintenance costs, but can be higher in out of pocket expenses.
- There are no perfect homes. Be ready to make compromises and concessions. Know what’s most important to you and ‘give’ on those things that aren’t.
- Location, location, location – some things don’t change. Everything else about a house, you can change.
- Supply and demand is a critical issue. Be ready to move quickly when you find what you want.
- In a subdivision with new construction homes as well as existing homes, chances are you’ll get more bang for your buck with an existing home.
- Get pre-approved for your mortgage prior to making an offer.
- Be an educated buyer. Learn as much as you can about the market before you buy.
- Always make your offer to the seller contingent on having a home inspection – it’s money well spent.
- Redoing kitchens and baths can be very expensive – but many times the price of the home with an updated kitchen/bathroom offered is much higher than if you upgrade it yourself. If you watch your budget it will get you a very high return on your investment
- Imagine the home vacant. Do not be swayed by decorating – the furnishings will leave with the seller.
- Vacant homes appear larger than they are.
- Landscaping is there not just to make the home look good – it can save thousands of dollars over the years in utility bills.
- Buy the best home you can afford ( not necessarily the biggest one) in the best neighborhood you can afford. You are almost always better off with the least expensive home in an expensive area rather than the most expensive home in a low end community.
- Pay attention to the original listing date of the properties you look at; sellers tend to be more flexible the longer the home is on the market.
- Be honest and open with me; I work for you and can best help you if I have a good understanding of your needs.