Last week we discussed my list of top 10 things you will experience when buying your first home. And today, we're digging a bit more into the five things you should make sure to discuss with your realtor during the home buying process.
1. Is the price right? What is the average home price increase annually? What are similar houses in this neighborhood selling for and are the more or less updated? It's important to understand the current value of your home, and what homes with some renovation are sellingfor so you have a baseline of how your home value will increase and what the return on your investment will be.
2. How long has the house been on the market? It's important to understand the supply and demand of your city, county, neighborhood market. This is a good bargaining chip for you; the longer it's been on the market, the more likely the homeowners will be willing to negotiate to get it to sell.
3. What items, if any, should we include as an addendum in our initial offer? You can...
I've listed out ten things that really helped us find the right house, at the right price point, for our family. I've also included some important FYIs and "pro tips" of things to consider to get the best bang for your buck!