Four Tips For Getting The Best Deal On a New Home
Looking for a new home in Portland is an exciting experience, but it can be a daunting one as well. Many people jump on the first affordable offer they see and don’t even realize that they could actually bargain their way to a better price on a home they love. In learning 4 great tips that can lead to getting a great deal on a new home, people can feel like they have more control over their real estate purchase.
Save, save, save!
Money really does talk, and homeowners who save at least 20% for a down payment are more likely to talk a real estate agent into a better deal than those who have little or no savings. The more cash a home shopper has, the better leverage they can claim over the purchase of their new home. A good rule of thumb for potential homeowners to follow is to save 20% of their maximum budget for buying a home.
Get the scoop on the neighborhood
Once a new home has been located, potential new owners should ask neighbors in the area a few key questions, including how long they have lived in the area and if there is anything to be concerned about (such as speeding cars, loud music at night, crime, etc). Other homes for sale should also be checked out to see if the prices are comparable to ‘the one’ in question. Anything potentially negative about an area can help make a new house more budget-friendly, which is good news for buyers.
Get an appraisal
An appraisal is worth every penny, as a deep inspection is required to allow for a proper price evaluation. In getting a home appraisal, things like bug infestations, electrical issues, crumbling foundations, and more can be discovered, which can actually save new homeowners a lot of heartache and money. Pest control in Portland can remove unwanted critters and a true appraisal on the value of a new home can help net a person a great deal.
Patience is key
Many people let their excitement get the better of them when they find their dream home, and they are willing to sign on the dotted line right away. While it’s great to be so eager about a new home, it’s often best to wait a day or 2 to think the whole thing through. This helps give potential homeowners an opportunity to make a real offer, find out the true value of the home, and gives them a clearer mind for bargaining.
While a dream home may be worth every penny, with the right tactics any home can be purchased on the best deal. These 4 tips can help anyone save money while still obtaining their new home.
Category: Housing
