Everyone wants to get the most bang for their buck when looking for a home, but with so many factors involved in the purchase it’s easy to lose focus and money in the details. Planning each step thoroughly will save you time, money and stress in the long run. But where do you start? This reference guide will help start your search off right so you can find the perfect home.
Here are our tips to get the best deal on your next house:
- Get off on the right foot by finding the right agent to search for the perfect home for you. When looking for an agent, start by asking for referrals from friends. Searching reliable web sites such as the National Association of Realtors (www.realtor.com) or Council of Residential Specialists (www.crs.com) can also lead to good results. Then narrow down the results of your search based on the agent’s credentials and what type of home you’re looking for before setting up an interview.
- Price is one of the first things you want to set when you begin looking for a home, which makes understanding the housing market in your area so important. Begin by looking up homes in your area in the newspaper and on the Internet to determine the typical price point. Also look into the prices of the past several months in order to see if the market is heating up, cooling down or staying put so you can see what a home in that area is truly worth.
- Make sure to know what features you consider to be must-haves when looking at a house, and if you’re willing to pay extra for these features. Some potential homeowners, especially first-time buyers, would like certain features like a walk-in closet or hardwood floors that may be out of their budget. Sometimes it can be more cost-effective to make these improvements yourself, so be sure to know which features a house must have for you to make an offer and which ones can be put off.
- Having your house inspected by a qualified home inspector is another way to make sure you’re getting what you pay for. Purchasing a home is expensive enough; you don’t want to make that commitment and find out that the foundation needs replaced or the roof leaks. A home inspector will thoroughly search your potential new abode for any problems or issues so that there are no surprises after you close on your home.
Are you searching for a new home? What steps have you taken so far? Do you have any advice for home buyers? Let us know in the comments!