Buying Houses, Timing is Critical

Of course you’d like to shave a couple of bucks off your new real estate interest – you want to make sure you get that home for the most reasonable and affordable price possible, to ensure you have plenty of money left over for improvements, modifications, furnishings, and all those litlte details of property acquisition… right? We, and other real estate investors have done some research which would suggest that the most critical part of getting a good deal on your home is the time you make the offer. more information¬†sell home now Indianapolis

Forget about being charismatic, a good marketer, or whatever else you think is important in getting the home owning seller to accept your bid and focus on the timing. Almost all real estate professionals would suggest that offering in the absolute lowest part of the real estate market – the lower the temperature (yes, the temperature) the better the chance you have of getting your offer accepted. Many people seem to target their real estate searches for early spring, unfortunately, this is widely regarded as the peak of the real estate market: the most unlikely time for your lowball bid to be accepted.

Robert Irwin, the famous real estate author and investor has suggested that the period between Christmas and New Year’s Day would be the most appropriate time for you to make a lowball offer. Investors and other buyers are all on holidays, or have forgotten about their real estate investing for the time being while the sellers are still waiting on their homes to sell.

Many sources suggest this “seasonal phenomenon” is only truly noticeable in locations with large temperature fluxes throughout the years, suggesting that the colder the weather, the less people out looking for homes: for one reason or another. In Florida, or some of the warmer real estate markets, this temperature phenomenon is irrelevant, and will likely not be noticeable.

Irrelevant in that case, though is that final week of the year, between Christmas and New Year’s. If it’s not too long of a wait, you might want to wait until then for the submission of your offer.

Buying A House The Smart Way

 

A brand new home is always worth the value that is asked for it as every property must undergo a valuation before estate agents put it on the market. However, things might turn out to be different and frustrating when hidden details about ownership, registration, overdue taxes and the condition of the house itself start uncovering themselves. If the property has already been acquired this means having to live with it, bear the extra expense and put it all down to experience. So anyone considering buying a house needs to look for the best deal possible, especially if buying a house for the first time. more info we buy houses Indianapolis

The recent recession has caused a slump in property prices so there are great opportunities to buy houses much below actual prices or market prices. Often people are in a hurry to liquidate assets and will dispose of them at much below market rates, especially if a house has been on the market for a long time. Searching for and acquiring such a distress sale house means bargaining a great deal, so getting a house the smart way. This way you can get more than what you pay for. You may be able to simply move in and start living, with no expensive remodelling, repairs, repainting or any such extra expense.

But then not everyone is so lucky.
There are some tips that you must follow when you plan to buy house:

1) A buyer must always make sure that they know the range and the budget for the sort of property that they are hoping to buy. It is possible to afford a good new house within a fixed budget with the help of reputable real estate agents.

2) Always make sure the real estate agent is showing houses according to the budget range fixed by you, without any hidden costs-don’t ever trust him blindly, he makes his living off you! Ensure homes are free of mortgages, any third party claims and overdue taxes and bills.

3) After picking out the few from the list one must always check the neighbourhood of the home by themselves. The surroundings and location have a huge effect on the property value as well as the experience of living in a house. One needs to plan and chalk out the details and accessibility of the property to the other parts of the city before they buy house. Also check the land is not low lying as this may get waterlogged in rains.

4) Also check if neighbourhood properties are ownership ones or rental ones. It is likely, if it is a rental area, that the plot next to you could witness setting up of a multi-storeyed building which will cut sunlight and wind to your property, lowering its value as well. An estate agent is usually capable to carrying out all these tasks.

5) One needs to have a close look on the rules and the fine print of the documents that is associated with the new house. When anyone is investing in a house, they are actually investing money on a future. So, it has to be planned well.

6) The first thing to do before finalising the deal is to get the deal pre-approved for a mortgage. Otherwise the buyer would stand ineligible for the contract. A pre-approval also helps to have a clear idea about the home and the different expenditures that are made on the new house.

7) The market usually does not change suddenly for real estate. It is a steady domain to invest in. So, once a good deal is found, and the fine print on the house matches your requirements, act quickly, otherwise you may end up losing the deal!