Home Buying – How to avoid paying too much

Whether you’re a first time buyer or a veteran of the real estate game, buyinga home can be a mammoth process. It’s an emotional time often accompanied withdifficult choices. Those same difficult choices are tied directly to costs and your ultimate return and happiness.Finding the right home for your family’s needs is hard, but managing to avoid paying too much is a another mastery of skills entirely. The following will show you not only how to make sure you’ve found the right house, but also how to negotiate the right 출장안마.

This first step is understanding what you are seeking. Your family has certain needs which must be fulfilled. Also there are many desires which may or may not ultimately be fulfilled. Take an unemotional look into those needs and desires.Do you choose a three-bedroom home with room for your family to grow or the one with a  large back yard, perfect for entertaining? Is having a large kitchen more important than having an extra room?

Two lists should be created – a wish list (your desires) and a reality list (your needs). The reality list consists of those items which your family really needs. They are “non-negotiables”. On the other hand, the wish list contains those items which would be nice to have. Prioritize the lists and the goal is clear – your next home needs to have most, if not all, of your reality list items and hopefully a few of the top wish list items. These lists will keep your efforts channeling in the proper direction.

Getting a loan pre-approval is the smart way to shop for a home. It tells the sellers that you’re a serious prospect and you’ll know in advance the maximum mortgage you can afford. Make sure you get a commitment in writing.It’s easier than ever to qualify for a home loan. Lenders have modified qualification rules and created  programs designed to help people even if they have problems in their credit and employment histories. Many programs dramatically reduce down payments, so if money’s tight now you can still make that purchase.

First-time home buyers can benefit  from the many lender programs that now exist. Reduced down payment is an example of such programs.From finding the right home to  selecting a lender to meet your financial needs to getting proper property inspections to negotiating the best deal, it can be taxing for even the hardiest of souls. You need the right Realtor on your side.The right real estate professional must have the high level of  care, skill and due diligence to ensure your best interests are at heart. They also have a team of other professionals to put at your disposal – lenders, lawyers, home inspectors, movers, etc.

Once you have a clear understanding of your reality and wish lists make sure your agent has those same lists. This communication is critical. Otherwise you’ll both waste your time looking at home you’re really not interested in and you could possibly miss out on the one that truly meets your needs and desires. Your shared goal is to find a place that meets your needs: your agent will then try to satisfy as many of your desires as possible.A good agent will ask you many questions about what you’re looking for and what you can afford. And then they’ll listen carefully to your answers.

The desirability and resale of your home-to-be depend on location more than any other single factor. The simple truth is – the value of your home is affected by the homes that surround it.Assuming you’ve already considered the items that make up a desirable home and community – character, quality of schools, access to work and services, recreational facilities, entertainment, etc. – there are several elements that combine to make a good location.

Your first consideration is the neighborhood. Every neighborhood has its own unique character; you need to make sure you’d be comfortable in the one you’re thinking of living in. Take a long walk and observe carefully. Do people take care of their yards and homes? Are the yards fenced? Do children play in the streets? Talk to the neighbors and ask questions that give you a better feel for the area. Be careful not to appear judgmental – you might be talking to a future neighbor.

If the neighborhood is to your satisfaction, look at homes on the market in the area. Extremely large homes surrounding smaller ones tend to appreciate less than a large home among other large homes. Conversely, the smallest home in a neighborhood tends to be “pulled up” by the other homes on the block. However, it might take longer to sell that smaller home when the time comes because many people are unwilling to pay extra for the neighborhood.

An exception to this rule is a home on the edge of a neighborhood bounded by woods, park land, a golf course or other open space. Natural boundaries appeal to most buyers and these “edge” homes can actually command a higher price. The exception is when there’s an unpleasant use planned for the open space. An open field with a babbling brook is nice; a new freeway, strip mall, or warehouse is not.

Other things that can negatively affect property values are traffic, sounds, smells, etc. Be sure to give the neighborhood a long, hard look. Preview the area at various hours of the day. The home you’re interested in may be perfect, but if the neighborhood has problems, your investment won’t be worth as much when the time comes to sell.

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