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How Not To Pay Too Much For Your Home
Whether you are buying your first home, or your fifth, the process of buying a home is a detailed, time-consuming venture. At the same time, it’s an emotional period laden with difficult choices. You want to ensure that the home you purchase meets your family’s needs now, and in the future.
Each of these decisions often involves money. When you consider all that money represents, you’ll want to ensure that you don’t pay too much. This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process. These include such things as knowing what you want before you begin shopping, taking your time to shop, choosing the right REALTOR®, and remaining objective while viewing potential homes. With this information, you’ll be closer to finding your ideal home.
Find a great Buyer's Agent.
The REALTOR® who is listing the property represents the Seller in the transaction. To protect your interests and to have someone working for you it is recommended you sign on with a good Buyers Agent. This Agent may well also list properties but when dealing with you, YOU are their principal and they are looking out for your interests. An Exclusive Buyers Agency Contract ensures your interests are looked after, that your REALTOR® is working on your behalf and you know what your rights are.
The ongoing costs of home ownership
Maintenance, improvements, taxes and insurance are all costs that are added to a monthly house payment. If you buy a condominium or townhouse, a monthly strata fee will be required. Be sure to make your REALTOR® and lender aware of your budget for ongoing monthly home expenses.
Carol will exercise her negotiating skills
Even if you prefer not to haggle, it’s worth it, especially when it’s your home and your future. Most people expect to haggle over the price. That’s often why the price is set a bit higher than the actual selling price. There is almost always room for negotiation. If you want to get the best home possible for the least amount of money, then negotiation is the only way to get a good deal.
If you’re ready to discuss buying your first home, or your fifth, contact Carol today to get all the answers you need! |
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