When you are looking at Buying a home in Reno Nevada it can be one of the biggest purchases most people will make, so many buyers are looking for ways to get a deal on a house in Reno Nevada. No matter your planned purchase price, or where you’re looking to buy, there are some ways you can make sure you’re getting the best possible price when you sign on the dotted line. Here are 4 tips for scoring a great deal on a house in Reno Nevada.
LOOK AT FORECLOSURES
When it comes to checking out bank-foreclosed properties, you may anticipate that you’ll see a bunch of homes in disrepair that are sold “as-is” with lots of updates needed. However, that’s not always the truth.
In some cases, banks have foreclosed on perfectly nice, gorgeous homes because their owners just ran into financial trouble and couldn’t keep up. The homes are still in good condition and may be bigger and more grand than you could afford on the regular market.
When shopping for homes, don’t immediately rule out looking at a foreclosed property. If the location and all other factors seem right up your alley, it may be worth taking a look and keeping that property on your list.
Just keep in mind that buying a foreclosure can take along time. There are many steps and hurdles along the way so make sure you are prepared. With the help of your Realtor in Reno Nevada, your will be able to safely navigate through the entire process.
BE FIRST OR LAST
The person who ends up with a home isn’t always the one that bids the highest. Sometimes, it all comes down to timing. If you’re the first one to make an offer on a home, even if it’s lower than the list price, the seller may be willing to sell it to you if they’re really looking to move it.
The same goes for homes that have been sitting on the market for a while. If they’ve had other buyers back out, or haven’t had a lot of serious offers, your offer that comes under their list price may help you get a great deal on a house in Reno Nevada.
If everything looks good on paper when you run across a brand-new listing and the showing doesn’t turn up any major issues, or a listing that’s been sitting for a while, making an offer the same day you view the home may increase your chances of getting your bid accepted.
APPROACH OWNERS YOURSELF
Sometimes, you can get a deal on a house in Reno Nevada before that house is even listed for sale.
If you’ve got your eye on a specific neighborhood, consider driving around it to look for signs of homes with absentee owners, whether they’re landlords or owners who inherited the property. You also can check public records to try and pinpoint these types of homes and, if you like the property, contact the owner privately to ask if they’re willing to sell.
This is a time consuming task for most people. Not only do you have to find the information and go carefully go through it, you have to talk to the property owner yourself. Instead of finding the time and money finding these deal by yourself, try hiring a real estate agent to do it for you free of charge.
We have found homes for sale in the Reno Nevada market before they go to the market. So our clients often get the best deals with they submit an offer. We also work with sellers who decided no to put their house on the market and want a pocket listing. Contract us today if you would like us to find you great off market deals today free for you and at no extra cost.
HIRE YOUR OWN INSPECTOR
A home inspection is a crucial part of the home-buying process, and your lender is likely to require you to have an inspection before you can close. However, recommended home inspectors aren’t always a trusted source of a thorough, independent inspection.
Instead, consider hiring your own independent inspector to look at the property you’re considering. They’re there to look for all the good and bad about the home, and you’ll know all the items you should work into your offer and which ones you can bypass.
Buying a home can come with lots of ups and downs, but an unnecessarily high purchase price doesn’t have to be one of them. House prices in northern Nevada have gone up fast. One of the last things you want to do is pay more than you should or want. Call or Email us today and we will help you buy a house without overpaying in the Reno Nevada area.