Buying a house on a budget simply means that you are paying very close attention to every penny you spend. This is when the best deals can be found, when you are aggressively looking for them. Perhaps you think you have it all figured out, then the following information may shed just a little light on how to really find the best bargains when you are house shopping.
Here are just some of the things to consider when buying your house on a budget brought to us from RebatesOnRealestate.com.
Something that many buyers are not familiar with is the real estate commission rebate. There is no paperwork to fill out or credit checks to qualify, this is something certain real estate agents offer to their clients as incentive to work together. Real estate rebates are good for consumers, and more are becoming aware. If the realtor offers this rebate, you could be walking away with over $2,000 at closing for a house over $250,000. That money is huge, it can cover moving costs, utility deposits, and even new furniture for the house.
Most of the tips for finding the best deals on a house involve working with a skilled real estate agent. Be sure before you begin this journey that you took the time to carefully research all the local agents so you can have them help you save as much cash as possible during your search.
When you find a house you like, you can not haggle with the owner about price, that is the job of your realtor. They will discuss with you how low they think the seller will go, and then you put together a proposal that they present to the home owner. This is a very sensitive area because you try too low, and you might insult the seller. Go not low enough, and they may accept even though they would have taken less.
Once you find a house that you think you might be interested in, you simply have to call a home inspector to carefully look over the house. This is going to be one of the most costly purchases you make, and the inspector will make sure you are getting what you are paying for. Your realtor has many inroads with local services, so they can put you in touch with a home inspector that will offer you discounted pricing.
The information provided should help you to save more money than you even thought possible in your quest for a house while on a budget. For more info on Real Estate Rebates visit: justice.gov