When you are out searching for a new home your goal, along with many other buyers, is to get a deal!
Here are three ways to ensure you don’t overpay for your home.
Hire a kickass real estate agent.
While you may be able to get out to see homes without hiring an agent when you want to make and offer and win the home of your dreams you will NEED a professional real estate agent.
Many will seek experience and longevity which is always a great place to start. Additionally, think about how many transactions your agent has done in the last 12 months as this is a reflection of their abilities in the current market. But the most important thing is how well you and your agent get along- do your communication styles align? Is your agent responsive in a timely manner? Choosing a great agent is the first place to ensure you don’t overpay- allow their expertise to guide you!
Make Sure You Have a Kick Ass Lender
Here is the deal. With a kick ass lender you can save THOUSANDS of dollars over the life of your loan. And with a kickass lender you have a professional on your side to ensure you win an offer with a great pre-approval letter.
Like an agent your lender is so incredibly important. Shop around and find the lender who can get you the best rate, save you the most money and most importantly someone TRUST to get you to the closing table. A lender can SAVE you money when you choose the right one.
Understand the Market You Are Buying In
As a buyer in the housing market it is crucially important that you are up to date with the most recent market information and date. Being an informed buyer is the best way to ensure you don’t overpay for your dream home. While the market may be challenging it is not impossible.
A deep and thorough understanding of the market including the percentage of sold to list price, the average days on market, the current number of active listings and how these all affect the market. With a deeper understanding of the market it can help you avoid some of the typical pitfalls of overpaying on your dream home.
Finding your dream home is one of the best feelings in the world. Moving in and creating memories is a close second. An investment in a home is a great choice but ensuring you don’t overpay is every buyers dream! Hire a good agent, get a great lender and learn the market!
Cheers,
