Buying a home means undergoing a well-planned and thought-out process - The last thing you want is to make costly mistakes that result in unnecessary stress, time and money. One of the best ways to accomplish this is by sticking to certain practices that have been used by real estate experts.
In case you are thinking about buying a home, this post is for you. Below are six tips from real estate experts that will help you to buy a house like a pro.
1. Research on Real Estate Agents Before Hiring
A realtor can help you make the right or wrong decisions in buying a house. To avert the latter, you have to make some extensive research upfront to hire a qualified, experienced and reputable real estate agent. Schedule a meeting with them to find out more about their processes and how they can assist you specifically with home-buying.
2. Consider All Of The Costs Involved
Of course there’s the down payment - that’s the largest expense besides the home itself. However be sure to budget and prepare accordingly for other expenses such as closing costs, taxes, Homeowners Association dues, etc.
3. Buy According To Your Life Stage
Buying a house should be more about your life stage and what you can afford. If you are planning to settle down and have a family, go for a house that will accommodate you and your family as everyone grows. Choose a realtor that will understand how the house will work best for you.
4. Make an Early Offer
An offer early in the week will often land you a better deal according to the Host of HGTV's Income Property, Scott McGillivray. He states, "Go shopping on a Monday, Tuesday, or Wednesday. If you're shopping for real estate on a Saturday or Sunday, you're not getting deals.” A seller is more difficult to negotiate with on a weekend. On a weekday, especially Monday or Tuesday, they are more likely to listen to your offer as they have less offers in addition to other things going on.
5. Make Your Buyer Request Personal
When you have found the house that meets your needs, send a personal note to the seller with an indication of why you are the best person to buy the house and how you will make it your family’s home - this may sounds silly to some, but ultimately those selling their home want to know the future owners care.
6. Ask for Reductions
As Lucas Machado, president of real estate investment company House Heroes LLC once said, "Don't be afraid to ask for a reduction." Lucas also mentions that at first, home sellers can have a huge price but after an inspection, certain defects will be spotted. In some cases you can leverage this to acquire the house for a lower price. Sometimes, the seller already has a minimum number in their mind, so ask away!
There you have it! Above are some smart tips for buying a home from some of the best in the industry. Buying a home involves a lot of processes. Be sure to take your time and carry out comprehensive research to get the best deals on home buying. The insightful tips above, from successful real estate experts, will guide you into buying your dream home without hassles.
Now is the time to start! Give The Rubio Group a call at 571-212-3533 and let us help you today!