Whether you’re in the market for a home for yourself or you’re looking to invest in real estate, it’s important to know how to find a good deal.
Although housing prices are slowly and steadily increasing, you can still catch a deal on your next home.
You just have to know how to be a savvy shopper.
Here’s how you can find an amazing deal on a home you love.
Hire a Great Agent
Hiring an experienced real estate agent is one of the best ways to ensure you get a great deal.
Your real estate agent knows where to look for deals. They will leave no stone unturned and show you properties that aren’t listed online.
If you’re a first-time buyer, they will be able to protect you from scams and rip-offs.
Use their knowledge to your advantage so you can get the best deal on your next home.
Remember, a good agent is an essential part of your investing team.
Go for the Gold
If the seller is desperate enough, you may be able to score appliances and other extras without paying more for the home.
You won’t know unless you ask, so don’t be afraid to negotiate with the seller for refrigerators, furniture, and anything else you think should be included for the asking price.
Why buy those things later when you can ask for them now?
Buy in the Off-Season
Although spring and summer are the traditional home-buying seasons, you may be able to get a better deal if you purchase your home in the winter.
Search for homes during the holidays, and you’re almost certain to score a great deal from a desperate seller.
Although you may be able to get a deal, you won’t be able to comparison shop. Fewer listings will be available, so if you’re looking for your dream home, this tactic may not work for you.
Be Prepared to Purchase
The housing market is more competitive than ever, so you have to position yourself as a serious buyer if you want to score a deal.
You aren’t the only one who will make an offer to the seller, so you need to strengthen your financial situation before you start shopping.
Sellers want to work with buyers who have solid financing. Even if you make the best offer, sellers aren’t going to consider it if your finances look weak. They don’t want to take on any more stress even if your offer is appealing.