Buying a house without overpaying in Reno Nevada can be difficult. With the short inventory driving up prices along with a drastic job growth can be difficult. You’re on the hunt for the home of your dreams, but you worry about paying too much. What can be negotiated down in price and what can’t? How do you ask for a lower price without insulting the sellers and they stop negotiating with you? How do you buy a house without overpaying?
Whether you’re looking to purchase your first house, upgrading, or need to downsize, it’s easy for anyone to get caught in the trap of paying too much for a home. Here are some tips to help you buy your dream house without overpaying for it:
Once you’re inside looking at a potential home, it’s really easy to get swept up in the emotion of the process. Whether it’s a beautiful window seat where you can enjoy reading with a cup of coffee on weekends, or a fenced backyard where your dog and kids can play, no matter why you’re connected to a home, the feeling is quick and powerful. But don’t let your judgment cloud your future dreams today. Take a step back and try to evaluate the home before making a decision on all fronts-good and bad. Your love for the eat-in kitchen may overshadow the fact that the plumbing is old and bad, but it could cost you to jump to make a quick emotional offer.
TAKE YOUR TIME
It’s exciting to decide to move. Whether your move is motivated by the need for a job change or you just want to find a different house, you can have a strong desire to find a place and move in. To avoid rushed decisions you’ll regret later, make a rule that you won’t put an offer on a house until you have at least 24 hours to think about it. Carefully review statements of disclosure and any notes or pictures you took during the show. This time distance between the show and your offer will hopefully give you a better chance to see any flaws and make a more level-headed decision.
HIRE A BUYER’S AGENT
Having a professional Real Estate Agent in the Reno, Nevada area to point out the good and bad in any homes you’re buying, counsel you on what you need to negotiate for, and advocate for you at the bargaining table can go a long way toward buying a house without overpaying.
Your buyer’s agent can help you sort out your wants from your needs and advise you on whether the sellers are asking too much or if your attempting to negotiate are likely to go nowhere. A buyer’s agent is especially invaluable if you’re a first-time home buyer or looking to purchase in an entirely new city than you’ve lived in before.
Your memory of a house you’ve viewed, especially if it had one or two features that you really loved, is likely to be foggy in parts as soon as you sit down to discuss the pros and cons. Without notes and data, you could have trouble remembering that the floor in the kitchen was slightly slanted or that the bathroom fixtures were outdated.
When you go to view a house, take a notebook, pen, and a camera or smartphone with you. Take photos of any defects you see or features you like, and write down notes in every room.
These notes will become invaluable when making your pro and con lists for final decisions. Use your lists when deciding between properties, deciding whether to make an offer and what items to factor into a request for a price reduction.
While Buying A House Without Overpaying In Reno Nevada can seem challenging at first, taking your time, stepping back to evaluate the facts of each property, and getting a trusted team on your side can go a long way. If you need a team to help you buy a house without overpaying, contact us at 775-525-0980 today!