Sandy Bliven - RE/MAX South County



Posted by Sandy Bliven on 5/2/2019

You know you want to make your homeownership dream come true sooner rather than later. At the same time, you still have no idea about how you'll acquire a great house at a budget-friendly price.

Navigating the housing market can be tricky, especially for those who are operating with limited finances at their disposal. Lucky for you, we're here to take the guesswork out of the homebuying journey and ensure you can discover a wonderful residence at a price that won't break your budget.

Now, let's take a look at three tips to help you buy your dream house at the lowest-possible price.

1. Analyze the Housing Market

The real estate market may seem complicated at first. Fortunately, homebuyers who collect and review housing market data can become real estate experts in no time at all.

Ultimately, homebuyers who know the ins and outs of the real estate market may be better equipped than others to get the best price on a house. These buyers can identify patterns and trends within housing market data and determine whether they're operating in a buyer's or seller's market. Then, once a buyer finds his or her dream house, this individual can submit a competitive offer to purchase that meets the needs of all parties involved in a home sale.

2. Get Pre-Approved for Home Financing

Getting pre-approved for home financing allows you to enter the real estate market with a good idea about how much you can spend on a residence. Thus, you'll be able to determine exactly how much you can afford to pay for a residence Ė and avoid overspending on a house Ė if you obtain pre-approval for a mortgage.

To receive pre-approval for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ courteous, knowledgeable mortgage specialists who can teach you everything you need to know about home financing. That way, you can get the information you need to make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

Hiring a real estate agent is essential for a homebuyer who wants to purchase his or her dream house at the right price. In fact, a real estate agent will go above and beyond the call of duty to ensure that you can avoid paying too much for your ideal residence.

Typically, a real estate agent will meet with you and learn about your homebuying goals. He or she next will craft a personalized homebuying strategy, one that allows you to quickly and effortlessly discover a high-quality and affordable residence. After you find your ideal house, a real estate agent will help you put together a competitive offer to purchase too. And if a seller accepts your homebuying proposal, a real estate agent will guide you along the final stages of the property buying journey.

Ready to make your homeownership dream a reality? Use the aforementioned tips, and you can find a top-notch house at a price that matches your budget.




Categories: Uncategorized  


Posted by Sandy Bliven on 11/1/2018

When youíre buying a home, itís important to offer a good price to be able to land the property of your dreams. You also donít want to overpay for the house youíre buying. If you want to know for sure that youíre paying a good price for a home, youíre going to need to do some price comparisons. Take a look at recently sold homes in your neighborhood of choice and see what the going rate is. If all of the homes are similar in the area, it will be easy to find out how much the home youíre buying is worth. There are a few ways that you can do comparisons to make it easier for you to determine the right price for the home you want to buy. 


Take A Look At The Neighborhood


There are certain features that attract nearly everyone to certain neighborhoods. From the safety and friendliness of an area to the schools that are nearby, to the stores, and public transportation access, people are attracted to what makes their lives easier and more enjoyable. The bottom line is the more desirable the neighborhood, the higher the price of the homes in it. 



Check Out Public Records


With the Internet, itís pretty easy to access public records these days. You can take a look at what properties have been bought and sold for in recent times int the area of the homes that youíre looking at. You can even take a peek at some historic information to help you see if the area is up-and-coming.


Is The Neighborhood Going To Become Trendy?


Sometimes, you can find a great property for less in a neighborhood that hasnít quite reached itís full potential yet. If thereís a slot of new construction going on, thatís a good sign that the neighborhood is moving on up! Especially attractive features in a neighborhood are new schools, new shopping centers, or new parks.                


There Is A Tipping Point To Growth


If it seems that a neighborhood is growing a bit too much, it may actually decrease the value of your home. Huge commercial developments can actually be detrimental to the value of a property. Where thereís a lot of people, thereís also a lot of noise and traffic. Thatís usually not a desirable factor in a neighborhood.    


Meet In The Middle


When youíre looking at the price of properties, the best bet is to meet somewhere in the middle for what is reasonable. While you donít want to buy the highest priced home in the neighborhood, you probably donít want to lowest price for that neighborhood either. Working with a more average number is a good option because your home helps any home lower priced than yours, while any higher priced homes help to increase the value of your home. Itís a win-win situation when you choose a property based on price and keep this strategy in mind.    







Tags