Getting the Best Deal When Buying - Know the Comps!
Let’s say one person is selling their home for $200,000 and you make an offer at $180,000 and get the contract accepted.
Another Seller is asking $210,000 and you negotiate them down to $200,000.
Who got the better deal on buying a home?
The answer is very simple. It does not matter what people “ASK” on their homes and how much you bargain them down. To get the best deals on a home, you must know the values for homes - specifically the True Worth of similar homes in the nearby area to the home that you are looking at.
How do you determine this?? It is not easy, but there are better ways than others.
You must leave emotion at the door. Literally. Obviously if you are going to live in a home for a long time you really should Love it! But for getting the best deals - strictly speaking - feelings can get in the way.
You need to know the comps. Pull up the list of recently sold homes in the area, those Under Contract and ones being actively marketed. See what reality is taking place in the market, come up with a well-educated Value Estimate for the home. THEN make your offer! Sometimes paying the full asking price can be the best deal if the Seller has not price it correctly!
Get Help - do not be afraid to ask. Our Team of local for sale by owner experts can help you get a grip on Values and can give you some Offering Price advice at no cost to you. Pick one in your local area and give them a ring for no-hassle, friendly help. The call could save you tens of thousands of dollars. Literally.
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