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Buying a home for the very first time is no less than a major milestone. In fact, going through the whole process of selecting, and then purchasing is not just tedious but also requires careful thinking and smart decision-making. If done the right way, buying a home for the first time can be one of the most rewarding experiences for you. While there are no set rules for the process of buying a home, it is always a good idea for first-time buyers to go prepared about what they are getting themselves into.
The festive season is considered to be the best time of the year even in the real estate world! The benefits of purchasing a home when everything is jolly and everyone is happy, are ample. To make the process easier for you, we have come up with some tips that will guide you throughout your first home-buying experience.
Not many house purchases take place during the festive season and that is one main reason why you may be able to get some cut on costs. Since it is the end of the year and the sellers are eager to reach and meet their annual goals, they may be more willing than ever to agree with the price that you put on the table. However, it is on you to make sure that you analyze your budget and the package that you are being offered before jumping onto any numbers out of excitement for your new home!
Find Motivated Sellers
The good news is that most sellers that put up their houses on sale during the festive season are already motivated and in a hurry to sell their houses. Once you find the right seller that suits your needs, you need to learn to lowball the offer. When it comes to buying a house, maintaining a balance between empathy as well as getting your way out is very important.
Apart from asking for discounts, you can also tap into other incentives. Ask for a closing date that suits you or put out a request for getting certain furniture in the whole house deal. You never know, you might just get lucky!
We already know that anyone who is willing to sell during the festive season is not just in a jolly spirit, but is also extremely eager to make a sale. Don't for once feel bad about putting forth your price offer and being stubborn about achieving what you wanted in the first place. At the same time, do not lose heart if you don't get exactly what you hoped for.
To tap into this opportunity, you need to be well-updated with sellers that are open to the idea of offering festive discounts. Do your research well and get out into the market with a mindset to conquer!
Hire an Estate Agent with Good Connects
Since not many properties are listed during the festive season, it is only a well-connected agent who can get you access to as many houses as possible in the shortest amount of time. You will need an agent right from the beginning till the deal is closed, so ensure that the chosen one is available on call, text, and email, most of the time.
Most agents prefer to take a break during the festive season. Make sure that your agent is motivated enough and is willing to go beyond what is expected to get you your dream home.
Ensure that you are flexible when it comes to house hunting. While the main goal should be to tick every requirement on your checklist, it is okay to settle for a house that fulfills even most of your needs and wants. There is always scope for improvement, and all this can be executed as and when the time is right. Another tip is for you to keep the future in mind. House buying will be one of the most significant decisions of your life, and for that reason, it's important to also plan for what you may not have in your life at the moment.
We know that buying a home is a huge financial as well as an emotional investment. Let these tips guide you in your journey as a home buyer, that too during one of the best times of the year.