Saving Thousands when Buying an Ulster County Home
Buying an Ulster County home is an expensive business and one that can actually be far more expensive than it needs to be if you do not know what to look for when you are searching for a home. Not only do you want to find a property that suits all of your wants and needs but you also want to find one that suits your budget. There are many buyers out there who can boast of having saved thousands of dollars off the asking price and not just as a result of their negotiating skills. They have three things in common. The first is that they know what they want, the second is that they are thinking logically and not emotionally and the third is that it matches all wants and needs.
Prioritize your Criteria
You can save money and time by figuring out exactly what you want and need in a home because this largely results in you only finding properties that meet your criteria. After all, buying a home that has everything you need to live in it from moment one can save you a lot of cash in itself. You also have to decide what your priorities are and look accordingly. This is where utilizing a home finder service can actually work wonders for you because it can help you to save time and effort by locating homes that will suit all your wants and needs quickly and easily. With these points in mind, it is important to examine how much the home you want will cost you and whether or not it actually represents good value.
Understanding Seller's Pricing Startegies
Sellers actually commonly employ one of four pricing strategies that buyers should be fully aware of before putting in an offer. They are clearly overpriced, somewhat overpriced, at fair market value and under market value. Those sellers that fall into the former category may overprice their home by as much as 20% to maximize the money they will get but this works against them. Why would you want to pay any more than the house is worth? In addition, as many as 75% of all homes that are on the market are up to 10% overpriced to either give the seller negotiating space or as a result of an emotional attachment. Both of these types of home pricing strategies are actually enough to put a buyer off in many circumstances. You can tell which homes fall into these categories by doing your research into sales in your local area. Analysis of the local area will soon give you a good idea of what price range you should be looking at.
Sellers that price their home in line with realistic market values are the best ones to buy from because they have done their homework and know exactly what their property is worth. They are also being completely transparent with the buyer. No matter which category the home pricing strategy falls into though, you should try to negotiate. However, you should be aware of what a realistic reduction to ask for is and what the property is worth.
Tips for Ulster County Home Buyers
If at any time you have questions about buying real estate in Ulster County or the surrounding area, please don’t hesitate to contact Dylan Taft, Principal Broker/Owner, Taft Street Realty, Inc. - 845.687.9292 office or 845.380.3394 mobile.