subject: Prevent Overpaying On Homes For Sale [print this page] The homes for sale in any area have the potential to be a good deal. You don't have to buy a foreclosure or a short sale, though these options can save you even more. You don't need to be a real estate expert to get a great price, either. It is, however, a good idea to hire a team of professionals to work with you in order to get the lowest price possible. Who should be working with you to get that lower cost?
Negotiating Real Estate Agent
When it comes to finding homes for sale, look for a real estate agent with ties in the community. Ideally, you want professional with ample experience, and a positive reputation within the area. Even better, be sure he or she has the ability to negotiate well-- ask the agent about their ability and willingness to negotiate with the sellers. To know how this professional is going to save you money, ask a few questions:
-Will the agent help to determine the actual value of the property based on market value?
-Will the professional research the property's past sales to determine how much the sellers bought the home for in the past?
-Will the agent work with the homeowner to get concessions?
Discuss these things before finding the house or selecting an agent. You need to know this professional is able to do his or her job at the best possible level. The agent does not need to know that you want to keep your budget low. Rather, emphasize that you want to find a great value.
Home Inspections Lower Costs
A home inspection is usually a good opportunity to learn if the property is in good condition. However, it is also a good idea to spend some time with the inspector to discuss the concerns found. For example, if there is mold in the basement, determine the cost of repairing this. Then determine if the property owner is willing to reduce the cost so you can make those changes, or if the owner will make the changes themselves.
By taking the time to set yourself up with a team of professionals willing to work towards your goal of lowering costs, you can count on paying less. An agent that knows the market well may be able to convince sellers to lower their costs, or to get larger concessions for you. The homes for sale in your area may be great deals, of which you are simply unaware. However, with an agent working for you, you can get the best price on the properties that you want, without having to feel like you are buying an inferior product.
