Buying a home may be a bit more difficult today as financing has become more of a struggle than in recent years. But if you have the money and plan on staying in a home for the next three-five years or more, this is the time to buy as property prices haven’t been at these levels since 2004.
The key to getting a good deal is to make sure you’ve done some research and have a good handle on property prices in the area of your home search. Getting a discount on an overpriced home isn’t getting a deal. Make sure that the home is priced for today’s market before beginning negotiations. You can get online valuation data from a variety of sources but the best way to get a handle on the market is to visit as many homes as possible. That’s when you truly begin to get a sense of what’s available for the money.
Set aside a Sunday afternoon to visit Open Houses. Take notes regarding square footage, bedrooms, baths, etc. You’ll quickly start to see that some home sellers are more realistic than others when it comes to pricing their homes to sell. These are the ones that you’re most likely to be able to negotiate with successfully.
For added savings review information about buyer rebates in your area.
