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Home Buying Value
When buying a house, you want to get the most house for the money. In addition to getting a great house, you also want to consider a home as a means of building equity. You want y our home to meet your needs while also building a sort of savings. To accomplish this, there are things you can do.

First, talk to your lender to become pre-approved, which is very different from being pre-qualified. Being pre-approved means you have already gone through the entire loan process and have secured a loan in the amount you can afford. The reason this is so important is that when you start looking at homes and the seller discovers that you are pre-approved, you have definitely buying power.

Being pre-approved puts you in the best position for negotiation. If a seller finds that you have a loan ready to go, you are now in the position of making an offer below asking price that is still fair to the seller. People who are not pre-approved typically need to offer full price or at least very close to full price. You certainly do not want to insult the seller by going too low but you can go lower than if you were not pre-approved.

If you already own a home and wanting to move to another area, or simply upgrade to a nice home or downgrade now that the kids are grown, you want to sell your existing home before your start looking at homes to buy. You can look around but you want to stay away from contingency offers. This type of situation is frustration and can cause a lot of unnecessary grief.

It is far easier to find a new home once your home is sold than it is to keep making offers and then your home not sell. You will also find that when making an offer on a home, the seller will be much more willing to work with you on price if your house is sold than if it were not sold. After all, to the seller, taking a contingency offer from you means they are potentially passing on solid offers from other buyers.

Another important factor when for home value is to make a list of wants and needs. Sure, it would be nice to have the fireplace, the swimming pool, and the Jacuzzi, but it might not be possible. Therefore, determine upfront exactly what it is you need from a home and then add in the amenities that could make the deal a little sweeter. The essentials would include location, size, noise factors, school district, and even floor plan. Amenities are often things that can be added. For instance, a pool can be built, a Jacuzzi added, and wall color and window treatments can always be changed.

You should also never be pushed into buying a house, whether from your real estate agent or the seller. If at any time, you feel pressured to make an offer on a home that you are not convinced you want to buy then you need to work with a different agent. This house will become your home, your safe haven, and you want it to be a house that fits your personality and needs. Keep in mind that the current market is very different from what it was years ago. At one time, if you found a home you liked and did not make an offer immediately, you took a high risk of losing the home to another buyer. Today, you can walk away from a house, think about it for a few days, and never be at risk. Therefore, take your time when buying to ensure you are getting the most house for the price.

Look at homes with a reputable real estate agent rather than looking in the newspaper at advertisements. When you see homes in ads and sometimes in realtor books, the agent for the seller is just that working for the seller. This means that there could be negative aspects to the home that you are not reading about in the ad. By working with a qualified agent, they can uncover all of the negatives so you make a decision based on the full truth.

By following some simple guidelines, taking your time, and working with a professional, you can soon own an amazing house that will not only match value today, but increase over the years, which is exactly what you want.

 
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