As a devoted real estate professional I will make every effort to ensure your experience is as smooth and enjoyable as possible. FIVE WAYS BARGAIN-HUNTING CAN BACKFIRE ON HOME BUYERS-
t's natural to want to save money when you're making a purchase as large as a home. You want to buy the best home in the best neighborhood at the best price, and you may think the only way to accomplish your goals is to look for bargains. So instead of hiring a real estate agent, you scour the market for FSBOs, short sales, foreclosures, or homes that have been on the Internet too long.
While you're bargain-hunting, here are five things you should keep in mind:
Lowballing sellers doesn't work
They don't waste time with low-ball offers that they find insulting. Just as you want the home you buy to appreciate in value, sellers purchased their homes as investments, too. They want to net as much as possible, because they took a financial risk and had the foresight to buy the home they chose.
.Other buyers are getting professional help.
Ninety percent of buyers use a real estate agent while you're spinning your wheels driving around neighborhoods and calling FSBO sellers who aren't home to take your call. Soon, you'll notice that the homes you're watching are going under contract with other buyers.
True bargains are rare.
Sometimes a distressed home will impact the prices of the other homes because they typically sell at a discount of 17 percent, according to the National Association of Realtors. The other sellers may discount their homes somewhat, but if they're not in distress, don't expect them to negotiate as if they are. A bank foreclosure or bank-approved short sale could take months to close.
If a home has been on the market for a long time without a price reduction, there's usually a good reason. You have an unmotivated, unrealistic, or upside-down seller, any of which could waste your time without resulting in a purchase. Move on to a deal that you can actually make.WHY HIRING A REALTOR SAVES YOU TIME, MONEY AND STRESS-
It would seem that home buyers and home sellers alike have, at one time or another, felt as though they may be able to tackle the process of purchasing or selling their home without the assistance of the realtor. The main purpose behind this is to save on the fee associated with employing a realtor, but in the end, these valiant efforts end in ruin as more time is taken, more costs is incurred, and more stress is involved.
Why Hiring a Realtor Saves You Time
Time is perhaps our most precious asset amidst today’s busy schedules, hectic lifestyles, and overtaxed workloads. So taking away from your limited free time by painstakingly searching through listing after listing of properties, followed by setting up viewings, does not a happy human make.
Alternately, you and your realtor can collectively come up with a list of primary desires you are looking for in a home, and have him or her spearhead your search, narrowing down your options to a fine science of specifically selected homes within your realm of expectations.
Why Hiring a Realtor Saves You Money
Time is money, so we already have a savings on that front with the aforementioned efforts. Aside from that, and perhaps even more importantly, a realtor has the knowledge necessary to understand fair market pricing, as well as the skills to negotiate on price (down for buying, up for selling), the ability recommend brokers or lending institutions that harness the best rates, and the know-how to manage your paperwork without errors or oversights that you might fall prey to without such extensive knowledge, adding to your error margins and cost within such errors.