When you finally find the perfect home to buy, figuring out how much to offer the Sellers can be an overwhelming experience. The last thing you want to do is pay more than you have to but at the same time not under bid and lose the home of your dreams. Here are three ways to avoid overpaying for your new home:
- Always check comparable sales.
Homeowners can list their homes for sale at any price they choose. A seller can even list their home for more than it is worth. The best way to judge the value of a home is to look at what similar homes (called comparables) have sold for rather than the listed price. Homes that are currently on the market can also be used in the comparable analysis.
When you are ready to make an offer, I will get the comparable sales for you. We will then work together to figure out how your desired home is the same, or different, from the comparable properties so you can adjust your offer up, or down, to account for those differences that are part of our comparative worksheet.
- New listings come on the market almost every day.
It is human nature to want something more when others also want the same thing. That is why a home that has multiple bidders may seem very desirable, especially in a tight market. One way to keep your emotions in check is to remember that I can show you many other homes for sale. New listings are coming on the market and we will be successful in finding you just the right home by being diligent and patient.
- Get estimated for repairs.
When your home inspector finds items that need to be repaired or replaced before closing, he might also give you an approximate estimate about how much you can expect to spend on such repairs. I can help you get an accurate repair bid from a service professional, or contractor, so you know the exact cost to remedy the problems. This will help you negotiate a fair price adjustment with the Seller.
If you are worried that you are going to be pushed or pressured into buying a home for more than it’s worth, give me a call and we’ll find a home that’s right for you and your budget.
Venture One Realty has recognized that Connecticut Homeowners need and want a way to keep more of their hard-earned equity when selling their home. Our Clients save Thousands of Dollars without sacrificing the services that are critical to maximizing the sale price of their home. We offer all the same MLS exposure, marketing tools, technology, quality of service, expertise, and personal attention as the Other Realty Companies but without the costly Real Estate Commission. You pay only 1%.
We are a full-service Real Estate Agency that will manage the entire home selling process from listing to closing. You get everything you would expect from a traditional Real Estate Agent but with the added benefit of working with a technology-enabled and customer-focused team of Agents. Our results speak for themselves.