Buying a home, particularly for the first time, can be exciting but also stressful. Why are you feeling stressed instead of excited? This is a good thing, right? To help put your mind at ease (besides making sure you have a great agent by your side!) be sure to cover these 5 bases to ensure that you are doing what is right for you.
Make Sure the Price is Right
It can be easy to forget about your budget when you fall in love with a house. If there’s an opportunity to push on price and get even a small discount, it can make a big difference. Every penny counts. Especially when you are dealing with interest and a mortgage payment. It may not seem like a big discount at first but once you take everything into consideration a small 4% off the purchase price (ex: on a $250,000 home) could turn into a $15,000 in savings or more!
Get a Feel for the Neighborhood
A few definite ways to learn about the safety of your neighborhood is to check the official crime statistics through the Department of Justice website. Also, if you go to get a home insurance quote and it is extremely high then you know something is up...this could be a bad sign about the neighborhood.
I always recommend to my clients that they go visit the neighborhood during all times of the day. Go during the morning commute, lunch time, evening commute and after dark. That way you will be able to evaluate how the neighborhood looks and change throughout the day.
Last but not least, go with your gut!
Fees Are Up for Negotiation
In real estate everything is up for negotiation. With that being said, there are no promises. Some sellers and/or realtors will negotiate on terms, commissions, repairs, and some will not but it is always acceptable to ask. For example, here are some fees that might be up for negotiation:
Title search and insurance fees
A share of any housing association or condominium fees that the seller has already paid for the year
Weigh out the potential savings against the time, hassle, and potential breakdown in negotiation that could occur if you push things too far.
Don’t Be Afraid to Ask
This is a big decision and there is no stupid question! We expect lots of questions and it is apart of our job to answer them honestly and to the best of our knowledge.
When in doubt, just ask. A good realtor will always be happy to keep you informed and put your mind at ease.
Now that you’ve put your mind at ease, look for your perfect dream home on coldwellbanker.com.
*original blog post can be found here: here