💸 6 Money-Saving Tips For Buying Your First Home
To help you avoid spending more than you need to, we’ve put together a few tips to keep in mind as you go through the home-buying process. Here’s how to, buy your first home like an economist.
1. Go Into Your Home Search Knowing What You Want And Don’t Want
For instance, how far is too far of a commute to work? How many bedrooms do you want? Does the home need a big backyard?
2. Think About Resale Value
For example, if the home has been on the market for a long time, it’s possible the asking price is too high.
3. Educate Yourself On The Local Data
Compare the asking price to this data to make sure it’s in line with the other local properties so you can make a fair offer and hopefully avoid a bidding war.
4. Be Smart With Your Offer Terms
Be smart about the terms of your offer when possible to protect your own interests.
5. Ask For Concessions
It’s possible the seller will opt to make the repairs himself, but if not, will likely give you the money if he’s serious about selling the property.
6. Don’t Be Afraid To Negotiate
Stand up for yourself and negotiate for what you think is fair.
Emma Co Personal Real Estate Corp | Macdonald Realty
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