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Monday, September 27, 2010

10 Tips to Land the Home of Your Dreams

It’s still a buyers’ market—interest rates are historically low, available homes are abundant, and sellers are
eager to sell. But if it’s a great time for you to buy, it’s a great time for everyone else too. How can you compete
against other buyers and snag the home of your dreams?
  • Be decisive. Decide exactly what your dream house looks like. How many bedrooms and baths do you want? What location? This will help narrow down the possibilities faster.
  • Always consider a house’s potential. An older home that needs cosmetic updates, such as fresh paint or a new kitchen, may net a better price than one that’s newer.If you can pay cash, you’re in the driver’s seat. Sellers like cash deals because they’re uncomplicated and close quickly.
  • If you can pay cash, you’re in the driver’s seat. Sellers like cash deals because they’re uncomplicated and close quickly.
  • Offer a high downpayment. The more you put down, the more attractive the deal to the seller.
  • Try to limit contingencies. You won’t want to waive your inspections or do anything foolish, but the fewer the contingencies, the more secure the seller will feel with your offer.
  • Stay on top of the market. New houses are listed every day. Your agent may even know of houses about to hit the market.
  • Prepare yourself for a bidding war by deciding ahead of time what your maximum offer will be.
  • Consider distressed properties, such as short sales and foreclosures. But remember that they may not be in tip-top condition—and that you may have to wait weeks or months to find out if your offer was accepted.
  • Most important, find a qualified agent who is familiar with your target area. That will save you a lot of time.
Want to learn about available homes in your area? Give our CENTURY 21 office a call today. at 626.358.1858 or 626.963.7621.

About CENTURY 21 Adams & Barnes

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Monrovia, California, United States