We all do. Fortunately, there are ways you can increase your chances of success when pursuing property listings in the open market.
Getting real estate for sale in Martensville and the surrounding areas, Warman and/or Saskatoon for the best price means knowing the local market, plus having information about the home. Here are a few tips for purchasing a house for the best price and getting your pick of the property listings in the Saskatoon, Warman, Martensville and surrounding area.
Use the Home to Your Advantage
Some buyers, when purchasing a house, will leverage the home’s condition during negotiations.
It is recommended that you undertake an inspection and have a qualified advisor give you guidance as to what should be replaced in the home and what needs to be repaired. If there are extensive renovations that will be required – or even a slew of minor repairs – you can often use the condition of the home as a way to negotiate a fair price. Most property listings will have some minor repairs or changes that will need to be made, but if there is anything more, or if getting the home in liveable condition will take a lot of your time and money, you have solid leverage. Therefore when the asking price of the home does not reflect needed property repairs or poor condition; your agent will help you to negotiate a lower price.
Do Your Homework on Similar Homes
You can also use knowledge of real estate for sale in Martensville and the surrounding areas, Warman and/or Saskatoon in your favour.
With the help of an agent, conduct a comparative market analysis of the home. Find out what other, similar property listings are being listed for and compare these property listings to the one you are considering. Also find out what the recent sold values have been for comparable homes. Keep in mind that you may know what the asking price was due to time spent watching the market on your own, but your agent will tell you how much the home sold for, how many days the home was on the market, the condition of the home and all other relevant information. This will give you a fact-based, objective platform for negotiating on the price of the home you are contemplating.
When purchasing a house, much of the value of a home is based on what similar properties are worth. If Home A is very similar to Home B but Home C but is -listed for $20,000 more, that should give you pause for concern.
Use these tips in conjunction with a real estate professional’s help and you will find your way to a great home at a great price.