Home Buyers: How To Avoid Paying Too Much Part 1

Post by Ken Grech, a top Simi Valley Real Estate Agent. Search Simi Valley Real Estate listings.

Finding the right home to meet your family's needs is hard enough.But knowing how to avoid paying too much for that home once you've found it is another job entirely. The tips included here will go a long way into helping you become a savvy buyer.

Tip #1: Know what you're shopping for before you start. Before you begin shopping, understand that there are two homes out there vying for your interest-the one that meets your needs vs. the one that fulfills your desires.

Tip #2: Shop for a mortgage before you shop for a home. Getting a loan pre approval is the smart way to shop for a home. It tells sellers that you're a serious prospect, and you know in advance the maximum mortgage you can afford.

Tip #3: Pick a winning team to help you. From picking a mortgage to finding the right home to inspections to negotiating the best deal, it can be exhausting for even the hardiest souls. That's why most people have a Realtor in their corner.

Tip #4: Make sure your Realtor knows what you are looking for. Once you have a clear, detailed picture of the home you want, make sure your agent has the same picture. This communication is critical.

Tip #5: It's a cliche, but... location, location, location. The desirability and resale value of your home-to-be depend on locations more than any other single factor.

Tip #6: Use your agent to narrow the prospect list. A good agent brings to the table an in-depth knowledge of the current housing inventory in his or her area, and continually updates that knowledge by touring homes as they are placed on the market.

Tip #7: Show a little interest in everything you see. Never let anyone know how badly you want a home--it will cost you money! 

For more detailed information contact Ken Grech 805-217-1368.