It's pretty tough to break this topic down to 4 basic tenants but the book "Your First Home, The Proven Path to Home Ownership" has made a very good effort.
- The "Rules" of real estate are always local
- The best deals are usually win-win
- Price does not equal value
- Choose with your heart and with your head
#1 - It's easy to get jaded by what you hear on the national news, but what you really need to pay attention to is your local newspaper's business section and the sales in your target neighborhoods. Talk to a knowledgeable Realtor in your area. If you would like an update on the Champaign real estate market email me or visit www.ChampaignExperts.com
#2 - It's tempting to try and land 'the deal of the century' in your home search. If you spend all your time looking for this elusive target you are going to miss out on a lot of good buys and great value along the way. Make sure you identify if you are trying to buy a great home or just get a great deal.
#3 - "Being cost conscious is wise, but being value conscious is even wiser." Always look for good value at a fair price and don't blindly relate a lower price or cost to a better deal. The old saying is most often true, you get what you pay for. So always look for value first and then evaluate the cost or price from there.
#4 - A lot of advice you hear in the home buying process tells you to completely take your emotions out of the picture. DON'T LISTEN!! You want to love the home you are living in because.....you will be living in it! You definitely want to make a good investment in a solid, well-built home but make sure you get a neighborhood you love and a home you'll enjoy. Don't be afraid to let your emotions guide you, just be sure to make a well thought out decision when you decide to make an offer.
Comments(2)