If there is one thing that is more stressful than buying a home, it is the process accompanied by it. Hence the reason for the tips and advice galore by the new home buyers. While it is so nice of them to give advice, it is not always very helpful.|
The reason is the real-estate market is fluid and hence changes all the time. It doesn’t matter how great a tip can be at a point of time, it can go out-dated eventually. Here are some of that worn-out advice that people give when buying a home.
WAIT UNTIL IT IS PEAK SEASON
SPRING!! It is the peak season for real-estate buying and selling. While there is an advantage like more openings, there is also a disadvantage – MORE COMPETITION. Hence the sellers are very less willing to negotiate. When you find a perfect home of your choice, then weather should not be a determining factor for sealing the deal.
WAITING FOR THE PRICES TO FALL
If you are searching for a home in an area which is a bit of a seller’s market, then you would have heard this advice – “Wait for the Price to Fall Down!”. When the House prices are high so are the rental prices. While waiting for the selling rate to settle down a bit, you are paying loads of money as rent. Therefore this advice is no longer suitable for you when you are living and searching for a house in an area which is a seller’s market. Grab the opportunity if it is your best choice now and down the line.
FOCUSSING ONLY ON THE HOUSE
Commonly, the house-hunters stick hard with the type of house they want. It is of course very important that the house is concentrated. But the advice to keep all the attention only on the house is a blunder. The neighborhood is an essential and most vital part of your life. When hunting for a home, discover and explore the neighborhoods and choose the one with high safety, amenities and great community life. Then go searching for homes in this area.
BACK AND FORTH NEGOTIATION
The most heard advice – “Always put an offer which is 10-15 % less than the selling Price”. This dreaded advice is not often helpful but costs you dearly even losing the home to some other person. In the current scenario, according to some leading real estate analysts, the sellers are very motivated to sell their property to those who ask for a price which is closer to the selling price than be open for negotiations. Therefore, it is way better to ask for a legible price than asking for a lower price and gradually increasing the prices back and forth.
Angie Joshi Realtor
CAL DRE #: 01429190
Ph No. 714-244-9127
It is NOT ok to contact this poster with commercial interests.