With these tips in mind, you’ll be on your way to the home of your dreams with a price point to match.

 

A home is one of life’s biggest investments. Everyone looks for their dream spot at the best price, but few know how to actually score the best deal. Here are five secrets to buying a home at the best possible price.

Do your homework. If you walk into negotiations without knowing you’re pre-approved for a mortgage or if you don’t have all your paperwork in order, you may lose out on a great deal.

Consider a fixer upper. You can save a lot of money, especially on a first home, with a house that has good bones but is in need of a little TLC. The right upgrades could even increase your overall property value and help you to sell the property at a higher price point in the future.

Look at valuations of other properties in the area. Prices on real estate sites are by no means scientific, but a glance at houses in the area and what they are asking for can inform your negotiations.

Check how long your potential home has been on the market. People usually want to sell in a timely fashion, so if a house has been out there for six months to a year, the owners might be willing to accept a lower offer.

Try to buy either in late fall or early winter. Spring is the popular time to buy, but sellers tend to be more eager prior to the holidays, and buyers wary of moving in the snow means you’ll have less competition.

With these tips in mind, you’ll be on your way to the home of your dreams with a price point to match.

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