Buying a property is one of the biggest purchases of your life. So it’s important to save where you can to keep purchasing costs down. We look at three of the most common ways to save.
- Negotiate like a pro.
Most real estate agents get paid a higher commission if they increase a buyer’s asking price. So the key is to play hard and not get emotionally attached to a property.
In the right real estate market, you can negotiate tens of thousands of dollars off the top of an asking price. Three hot negotiating tips:
- Know the market value of the property your buying by checking similar sales in the area.
- Be reasonable with low offers.
- Don’t let your emotions over take your negotiating plan.
- Take a risk, buy a property that needs a little love.
Properties that are low maintenance, in great condition that require no work sell for a top prices regardless of the real estate market. They have the most buyers whom compete and push up the prices. Buyers tend to pay premiums for this kind of property.
A similar property in the same street could have no buyers because it needs work. This kind of property doesn’t attract a premium, low completion, a lower selling price and attract less government buying taxes.
- Use A Buyers Agent.
Buyers agents are real estate agents that represent the buyer in the same way a normal real estate agents represents the seller. They are skilled negotiator’s that know how to save time and money when it comes to buying real estate. For more information on buyer’s agents, check out Wise Real Estate Advice.