Knowing you’re getting a good deal on what could be the home of your dreams really sweetens the pot, doesn’t it? Knowing you could move in, sooner rather than later, with more money in your pocket than you were expecting, really is the best scenario possible here! Even if you need to do some work to the house, you’re looking forward to making it your own, cozy home.
However, when it comes to securing a deal like this, you might just have your work cut out for you. Because when it comes to buying and selling in the property game, people are going to drive the prices as high as possible. And that’s something you need to keep in mind! And with the questions below, we hope to make that easier for you.
What Does Your Mortgage Say?
The mortgage you’ve been pre approved for (and be sure to get this step done before anything else) will really dictate the range of deals you’re going for. Whatever happens when you talk to a mortgage broker, you’ll come out the other side with your desired price range, and you’ll be able to better pick and choose from the market.
When you’re pre approved, you’ve got a much more workable budget, and that’s key for getting results here. You’ll have more wiggle room, and you’ll know when to say no, and ultimately, you’ll know what a very good price looks like.
What Does the Market Say?
Then you need to pay attention to what the market is telling you, especially in your desired location. Maybe you’ve already got your eye on a house and you’re willing to buy, whatever the agent says? Well, before you do, dig down and do a little research.
How are the other houses selling in the area? What are they priced at, and how does it compare to the property you’ve got your eye on? The answers to these questions can help you to put in an offer that’s either in the region of or lower than the asking price, and that’s what you’re really hoping for here.
What Does the Estate Agent Say?
Finally, the estate agent showing you around the property will have a lot to say about its value, but make sure you’re working with your own agent to double check everything that’s said. After all, you can never be sure when a seller is telling the truth until the moment is over, and you can double check everything.
So, never come across as too eager to sink your money into a property. Ask some very digging and pointed questions, and be sure to make note of how the agent answers them. Do they take their time, but in a smart and thoughtful way? Or do they seem to be lost for words in most places? It’s all about body language here!
If you’re shopping around for a new home, make sure that asking price is where it should be!