Home purchase tip #3

Red Deer first time home buyer
Use every advantage.

A mistake buyers make when planning to buy the house they love is losing track of value and focusing on discount. Some properties are priced too high but some are priced great (meaning they are priced at or below the “market value”). Houses priced right sell fast in any market. If your purchase-offer strategy is misguided you’ll lose the property you love.

Most buyers want to offer lower than the asking price and that’s normal, but don’t just shoot in a low offer hoping to get the best price – the most important thing to consider is the value of the home.

If a house is priced too high of course you should make an offer lower. If the seller doesn’t accept it it’s his mistake and it will remain sitting for-sale longer selling lower down the road. On the other hand, if a house is priced right, don’t make the mistake of offering incorrectly and losing it!

Before making an offer on a house you like decide what the house is worth to you. If you’re happy with asking price, buy it before someone else does! I’ve witnessed so many buyers lose the home they want and by focusing only on the amount of money they want off the price. They completely forget to consider whether the price is correct or close to being correct as is. Offer too low and a smart buyer will see the nicely priced property and buy it.

If you see something priced too high at the store you avoid it. If you see something price well and you need it, you buy it. It’s a simple strategy and it applies with real estate too.

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About the Author

Blake King
Having lived in Red Deer my entire life and having experience in many avenues of real estate I offer enormous value to my clients.

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