Escape From The Homebuying Money Pit

Escape From The Homebuying Money Pit

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If you’re buying a home this year, I’d like to welcome you to the money pit. You might think that it’s easy to keep the costs of purchasing a home under control. Or, that you know exactly how much it’s going to cost and what you’ll need to pay, but boy are you wrong. There are hidden expenses, extra payments and unseen issues that you are blissfully unaware of right now. That’s the bad news. The good news is that I can help you climb out the pit so you can appreciating the buying dream.

Get The Price To The Floor

First things first, let’s make sure that you’re not paying more for the house that you want then you need to. You should be aiming for buying at the floor price. If you don’t know what this is it’s the absolutely minimum and owner will be willing to sell their property at. Bare in mind, most owners start the asking price nowhere near the floor. For instance, you might have a seller with a home that is being marketed at four hundred grand. What they won’t tell you is that they’d be willing to sell at three-fifty if you can cut out the hassle. There are multiple ways to get that floor asking price. One of the best ways is to go low and offer a great setup for the sale. For instance, cash up front is always something that sellers love to hear. Particularly, if they are trying to buy a new home fast.

Price Check Everything

You’re going to be purchasing a lot of different services when buying your new home. Moving teams are the classic examples because prices can vary dramatically. One company might charge you two thousand while another might offer the same service for nine hundred. You might think that a lower price means a poor service. But with local movers that’s not usually true. It all depends on their business model and how much they are able to save.

Careful Committing To Improvements

Once you buy the home, the fun really begins. A lot of owners find out that there’s more problems with the property than they thought. Usually, this is going to be true if you’re buying an older home. That’s why you should always get a thorough inspection. These days, homeowners tend to dodge inspections for two reasons. First, it gives time for another buyer to jump in and steal the property with a higher offer. Second, it’s an unnecessary expense if you can trust the seller. The big secret? You can never trust the seller. They will always be hiding something that would knock the property value down a peg or two so be cautious. The last thing you want is to buy a home only to find out the big bills have only just begun.

Take this advice and you won’t just be able to climb out of the money pit. Instead, you can avoid falling into it completely!

Tia, and  is trying to keep you looking good and
feeling good, from the inside out. If you’ve got a problem or a tip email me! Be sure to Like and share on Facebook or Follow on Twitter or Instagram.