 Why Bargain Hunting is a Bad Idea It seems like every month there is a new website offering deals on everything from electronics to travel. The “coupon industry” is booming. This trend has conditioned people, more than ever before, to look for bargains and become determined to pay well below the market price for merchandise. There’s nothing wrong with that. We all want a deal! But when it comes to shopping for a home, bargain hunting can be a bad idea. First of all, the real estate market is competitive. The overwhelming majority of homes sell for a price that is at, or close to, their respective market values. Your chances of finding a property listed significantly below its market value is slim to none. Secondly, if you become fixated on finding a bargain, you may not notice all the great properties on the market that are within your price range and meet your criteria. In other words, you may inadvertently pass on what may be your next dream home. So when shopping for a new home, focus on finding the right property at the right price, not on finding a bargain.  Should You Get a Pre-Sale Home Inspection? Unless you’re in a seller’s market where you can expect many offers, quickly, it might make sense to get a pre-sale home inspection. It can give your listing a competitive advantage. What is it? It’s simply a professional inspection you get done on your own home. Assuming only a few inconsequential issues are identified, the passed inspection becomes an appealing selling feature of your listing. Buyers are likely to be more confident in making an offer when they know an inspection has been done. What happens if an inspection reveals a concern? Well, that issue would likely have been discovered by the buyer’s inspection anyway. At that point, it could cause a potential problem with the deal. Now you can be proactive. You can either get the issue fixed or factor it in during the sale. The point is, it doesn’t come as an unwelcome surprise to you or the buyer.Getting a pre-sale home inspection is, in most cases, affordable. You’ll likely recover the cost, and then some, when you sell.  4 Golden Rules to Finding a Home You’ll Love If you want or need to sell your current home, one thing you might be wondering is, “How will we find and buy our next dream home?” Fortunately, there’s no mystery to how to do that. Simply follow the “golden rules”! 1. Create a profile. Decide what kind of home you want to buy. Consider the type of building, size, number of bedrooms, property features, and other details. When you have a clear idea of what you’re looking for, you’re more likely to find it. You’ll also be less likely to waste time seeing listings that aren’t a good fit. 2. Target ideal neighbourhoods. Where do you want to live? What areas are likely to be a good fit with your desired lifestyle? What sort of neighbours do you want? What area features, such as schools, do you need close by? 3. Pre-arrange any required financing. Will you need a mortgage? Make those arrangements in advance. That will give you peace of mind in knowing you’ll be able to buy the home you want. Also, a pre-arranged mortgage makes your offers stronger. 4. Get on an alert list. Not all new listings are advertised or posted online right way. So, arrange to be immediately alerted to new listings that match your criteria. That way, you’ll be first in line.Following these tips will go a long way toward getting you into the home of your dreams. |
Notable, Quotable, Quotes! “Never let the fear of striking out keep you from playing the game.” Babe Ruth“If the wind will not serve, take to the oars.” Latin Proverb“Life shrinks or expands in proportion to one’s courage.” Anais Nin |
Friday Realty: Building your Dream, One Brick at a Time
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