Becoming a homeowner is on everyone’s bucket list. From a sprawling suburban mansion to a modernized single-story house with a garage and a white picket fence, no matter what your choice is, owning and living in the ideal property is a dream we can’t let go of.
However, searching for your dream house can be exhausting. If a house is in the perfect location, it might be too small for your family. If the house is close to all the necessary facilities, the crime rate in the neighborhood might be too high. You always have to compromise on something. The key to ensuring you don’t end up with a house your heart is not content with is thorough research.
In our search, we discovered a few steps and decided to share them with you. So, without further ado, let’s look at the secret steps to buying your dream house:
Do Not Make Low Ball Offers
The house prices differ from neighborhood to neighborhood. However, if the price of a house is higher than another house in the same neighborhood, you need to rethink your offer. For example, you took a look at the competition and found out they cost between $235,000 and $250,000. However, you make an offer of $200,000. This amount can make the seller feel insulted, and they might refuse to talk further. This will ruin any chances you had to negotiate.
Assess the Situation, Not the Property
There are some situations where a seller wants to sell their property immediately. In this case, you have the opportunity to make a low ball offer, which will get approved. Here are a few of these situations:
The House Has Been on the Market for Too Long
If a house passes the 60-day mark and still isn’t sold, most people assume that there’s a problem with it. However, sometimes it’s just bad luck. Other times, the buyer has probably refused multiple offers, giving the house a bad reputation. You can take advantage of this situation and extend an offer lower than the asking price but higher than the previous lowball offers.
The Seller Is Getting Divorced
When assets are split in a divorce, people want to finalize the proceedings as soon as possible. When one of the assets happens to be a house, you can use it to make a lowball offer. Since the seller is in a hurry, they are more likely to accept your offer. A seller might be moving to another city for a career change. It’s also possible that they are buying a new house and want a lump sum for the down payment.
If You Promise to Close the Deal Whenever the Seller Wants To
A seller will happily negotiate with you if you are flexible with the closing. Most sellers want to sell their house as soon as possible to preserve its market value. So, try to meet the seller halfway, and you will be a homeowner in no time.
Now that you know the secrets to speeding up the home buying process, consult with a Sanford Realtor and start looking at houses. For your dream Orlando real estate, get in touch with a qualified Orlando realtor by visiting Megan Dowdy Realty. For further information, call 407-509-9279.
