Two Tips For New Home Buyers To Not Only Find The Right House But Also Lock In The Right Price

Two tips for new home buyers to not only find the right house but also lock in the right price

Buying your first home can be an incredibly exciting – and amazingly stressful – time in your life. Not only will you be finding the place where you’ll really be able to establish your roots and create lasting and lifelong memories with the people you love, but you’ll also be making what is probably going to be the biggest financial commitment of your life. This is a decision that will tie up 30 or so years of your life, so making sure you not only get the right home that you love but also something that is attractively priced is beyond important – here are two tips to do just that.

The most important thing you can do when you are house hunting is to try and stay as unemotionally involved as humanly possible – you might find houses that you absolutely love but you need to make sure you buy the right one.

The first thing you want to remember when you are house hunting is that you’re going to see some homes you like, some you definitely do not, and some that you absolutely love. And while it’s almost too easy to picture yourself sitting in your brand new living room or cooking in your brand new kitchen, you need to make sure you don’t allow emotion to take over and push you into a financial situation that you cannot handle. I know everyone makes a budget for what they can spend at the absolute max, but sometimes it’s easy to think that a couple of hundred dollars a month is no big deal when you look at the house you are getting, but you’ll be strapping yourself in ways that you cannot imagine if you do this. It would be impossible to keep emotion out of it totally, but you need to balance anything you are considering with logical as well.

Since this is such a buyer dominated marketplace right now and sellers are for the most part super desperate to get a boost of income, the lowball is going to be your best friend when you are negotiating prices.

The other thing you need to remember is that for sellers this is one of the worst markets they could be a part of – not only is there a flood of properties out there because of people needing access to cash, but banks are lending money to less and less people. This means that when a hot buyer comes along they are in a prickly spot, and the uncertainty of another buyer sets them up for lowball negotiating. This is another area that you need to leave emotion at the door, because every chance you get to decrease your buying price is going to be money you can put into other areas of your life.

These two tips are just the tip of the iceberg when it comes to making sure you buy the right home at the right price, but when applied to the other information you have will help to ensure you get your perfect home at a price you can afford.

Joel Mayer is a freelancer who writes about Taylors & Real Estate around Coogee & Randwick.


About Davy Greene
SEO analyst by profession, in addition to working with Search Engine Optimization(SEO) for more than 4 years.

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