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HOW TO GET THE MOST HOUSE FOR YOUR MONEY

By
Real Estate Agent with Coldwell Banker Residential Brokerage

It is the day of "Let's Make A Deal" and if you aren't out there looking you will be left out in the cold.  Interest rates are fantastic, inventory is great, choices are many  and seller's are ready to make a deal.

 Where to begin?


LET'S MAKE A DEAL


Let's Make A Deal


Door #1

 

Value is in the eye of the beholder and the buyer has to define what "most home" means to them personally.  This can mean the physical qualities of the house, i.e., square footage, number of bedrooms, baths, etc.  It can also mean intangibles such as close to schools or work.  So the first step is to decide what are your priorities.

 


Door #2

 

Once you have established your priorities than it is time to take a hard look at what you can reasonably  afford.  Shop for the mortgage before you shop for the house. This strategy saves you time, heartache and the ability to be on top of what is new  on the market in your price range and most importantly it gives you greater negotiating power.



 


Door #3
 

Did you know that a Realtor® is working for the Seller, unless they have  a Buyer agency contract with the Buyer?  A Buyer Broker is advocating on your behalf.  That agent is confidentially bound to you, the Buyer, and can aggressively work to uncover any information that may affect the your purchasing power and get a better price.  In your selection of a Realtor®, look for one with experience in the area and type of housing you are looking for.  Other things you should look for are their length of time in the business (experience), their use of modern technology, the designations they hold and their reputation.  Shop as wisely for your Realtor® as you do for your home.





 

HAPPY HOUSE HUNTING.  OPEN THOSE DOORS AND YOU WILL FIND YOURSELF ON THE OTHER SIDE OF ONE OF THEM.     GOOD LUCK,


 

 





 

Comments(3)

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Terri Hayley
We Are Texas Real Estate - Prosper, TX
Where Texas Charm Meets New Home Expertise

Dottie,

You're so right! Not to mention that the FHA limits have raised so that many more would be homeonwners can now actually afford a home in their area! :)

One thing we are seeing somewhat with our preferred lender with your door #2 scenario, people are shopping for the mortgage instead of for the home. They are finding a home that will fit the mortgage scenario they need. Knowledge is power and it's so important to know what you can afford before you go out and look for a home so you know your range, but find the house that says home to you instead of the other way around. It's no fun to live in "a deal."

Happy house hunting,

Terri

 

Mar 31, 2008 09:40 AM
Dottie Hicks
Coldwell Banker Residential Brokerage - Parkton, MD
ABR,CRS,GRI, Historic Homes Specialist

Terri, thanks for you comments, I agree whole heartedly.  Buying a home you love and getting it at a price you can afford is the key.  I used to do only FHA loans until all the new products came onboard, now FHA is back and looks like that is the way to go.  Enjoy the week and thanks for stopping by. 

Dotti

Apr 01, 2008 02:00 AM
Michael J. Perry
Fathom Realty - Lancaster, PA
Lancaster, PA Relo Specialist

Many doors to enhance value ! Our RELO message  -  http://actvra.in/4jHG

Aug 08, 2014 05:45 AM