Buying a home can be stressful, especially when you don’t know where to start. With all of the constant changes in the housing market, it can be hard to find the right balance between what you need and what you want in a house, all while still getting a great deal. Here are 6 ways to get the best deal when buying a home in Orlando:
1. Hire a house inspector
Hiring a house inspector could save you some money down the road when it comes to issues with the foundation or the roof. This will also give you another outlook on the home and help you determine if you are ready to buy it, walk away, have the seller fix the problem before purchase or if you might want to haggle the price some more.
2. Start with a reasonable bid
To make a fair bid on a house, try to keep it between what you think the house is actually worth and what fits within your budget. It’s not always best to try to bid way below the asking price the first time around. Working with the seller and your personal budget is in your best interest.
Do your research before making a bid on a home. Check out the housing information from the other homes in the neighborhood and the current trends in the housing market. Houses that are near a good school might cost a little more, but they can add value to your house, especially when the time comes to sell. If the neighborhood isn’t as family friendly as you had hoped or there is a lot of noise at night versus during the day, you might decide to look elsewhere.
4. Check the surrounding area
If the surrounding area by the house isn’t appealing or will prohibit you from selling your house at a great price years later, it might not be the best fit for you. Even though it might seem like you’re getting the house for a steal, if its near construction sites or train tracks might decrease the value or make it hard to sell down the road.
5. Make smart negotiations
Whether it’s with your real estate agent or the homeowner, the best negotiations are smart ones. Maybe you would be willing to go up some if they include XYZ, make repairs or cover some of the fees.
6. Hire an agent
Hiring an agent can save you time and stress while hunting for a house. The agent is on your team and will have your best interests in mind while helping you find your dream home. Every agent prices their services differently, but you can find the one that works best for you and work as a team to get the best deal on a home. They will help you find homes that meet your needs and negotiate with the seller when you’re ready to make an offer.
Are you looking for a new home in Orlando? Let Olde Town Brokers help you find the home of your dreams! Check out some Downtown Orlando real estate on our website and give us a call at 407-622-7878.