Cumming Home Buying Advice You Will Want to Pass On
Cumming Home Buying Advice You Will Want to Pass On
A lot of people have bought houses. Which means that others begin the Cumming home buying journey, they find themselves receiving plenty of unsolicited advice.
Friends and family want to help during this confusing time and share what worked for them. The only issue with this is that not everyone has the same home buying experience. Every buyer needs something different when they go to buy.
With that in mind, try to avoid these common pieces of advice that are not necessarily true.
Prime Time
Waiting for the prime time to buy – which is usually in the spring – is not always the best idea. Sellers know that more Cumming buyers are looking for houses during the spring months. They know that if they hold out they are likely to find a better deal and not need to drop their price.
No buyer needs to battle against the other buyers in the Cumming market just to make a purchase in the spring. Look in the off months, as well. Sometimes wonderful properties are listed for even less because there is not as much demand.
Wait It Out
A lot of Cumming buyers are avoiding the real estate market because of housing prices. It is a seller’s market and houses are being priced much higher than they have in previous years. This has some buyers trying to wait until the market changes to find lower priced housing.
The main problem with this strategy are increasing rent prices. The longer buyers are waiting, the more they are throwing away on a rental.
Focusing on the House
Traditionally, people have looked for the perfect Cumming home and have not cared what their neighborhood was like. Now neighborhoods can be vastly different just a few miles over. Finding a great house in a terrible neighborhood is like catching the biggest fish in a contaminated lake.
The neighborhood, the commute, the school district, and local businesses can make a huge difference in how happy a homeowner is. Find a good neighborhood and then find a good house within it.
Buy New Construction Versus A Fixer-Upper
Many buyers dream of having the perfect house. They want every last bit of the house to be exactly what they want as soon as they move in.
New construction homes can make this dream a reality because the Cumming buyer can choose everything going into the house. However, this can cost the buyer a lot as the cost of materials has been rising and there are fewer companies providing new builds. Renovating an older house may be a cheaper way to go.
Negotiate Price
Negotiations are to be expected when buying a Cumming house. But do not expect a homeowner to entertain an offer that is thousands below asking price.
In the past, people would offer up to fifteen percent below the asking price to give themselves room to negotiate. Cumming buyers who still employ this strategy are going to get a denial instead of a counteroffer. There is always a small amount of room to negotiate, but a smart buyer will make a strong initial offer.
Making Offers Quickly
In a seller’s market, a buyer needs to make a high offer as quickly as possible. Otherwise, they risk losing out to another buyer.
While the Cumming market has yet to completely change over to be a buyer’s market there is less pressure on buyers in the new year. Many high priced homes sat stagnant on the market because buyers were not interested in getting caught up in bidding wars. This has led to prices dropping and less competition.
Find comparable properties and make a reasonable offer once everything has been carefully researched.
A Dream Home
Many people have a vision of what their dream home will be like. For most, it is the cliché house they have grown up seeing on family movies and television shows. Some may even want to replicate the house they grew up in.
However, many of these homes are not on the Cumming market. The homeowners that are looking to sell often have unusual properties or ones that need work. A buyer needs to be open to the idea of renovating to find their perfect house instead of looking only for one that fits into their cookie cutter idea of what a house should look like.