">
Welcome or Register
agent photo

2824 Manatee Avenue East

Bradenton, Florida 3420

Office: 941.792.2111

Toll Free: 1.800.522.7869

Fax: 941.747.9632

 

 

Save Thousands

How to Save Thousands of Dollars When You Buy a Home
 
If you're like most homebuyers, you have two primary considerations in mind when you start looking for a home.  First, you want to find a home that perfectly meets your needs and desires, and secondly, you want to purchase this home for the lowest possible price.
 
When you analyze those successful homebuyers who have been able to purchase the home they want for thousands of dollars below a seller's asking price, some common denominators emerge.  Negotiating skills are important, but there are three additional key factors that must come into play long before you ever submit an offer.
 
These Steps Will Help You Save Thousand When You Buy a Home.
 
Make sure you know what you want...As simple as this sounds, many buyers don't have a firm idea in their heads before they go out searching for a home.  In fact, when you go shopping for a place to live, there are actually two homes competing for your attention: the one that meets you needs, and the one that fulfills your desires.  Obviously, your goal is to find one home that does both.  But in the real world, this situatuion doesn't always occur.
 
When you're looking at homes, you'll find that you fall in love with one or the other home for entirely different reasons.  Is it better to buy the 4 bedroom home with room for your family to grow, or the one with the big eat-in kitchen that romances you with thoughts of big weekend family brunches?  What's more important: a big backyard, or proximity to your child's school?  Far too often people buy a home for the wrong reasons, and then regret their decision when the home doesn't meet their needs.
 
Don't shop with stars in your eyes: satisfy your needs first.  If you're lucky, you'll find a home that does this and also fulfills your desires.  The important thing is to understand the difference befroe you get caught up in the excitement of looking.
 
Find out if your agent offers a "Buyer Profile System" or "House hunting Service," which takes the guesswork out of finding just the right home that matches your needs.  This type of program will cross-match your criteria with ALL available homes in the market and supply you with printed information on an on-going basis.  A program like this helps homeowners take off their rose-colored glasses and, offordably, move into the home of their dreams.
To help you develop your homebuying strategy, ask yourself these two questions:
 
What do I absolutely NEED in my next home?
What would I absolutely LOVE in my next home?
 
How Sellers Set Their Asking Price
For you to understand how much to offer for a home you're interested in, it's important for you to know how sellers price their homes.  Here are 44 common strategies you'll start to recognize when you begin to view homes:
 
1.  Clearly Overpriced:   Every seller wants to realize the most amount of money they can for their home, and real estate agents know this. If more than one agent is competing for your listing, an easy way to win the battle is to overinflate the value of your home.  This is done far too often, with many homes that are priced 10-20% over their true market value.
 
This is not in your best interest, because in most cases the market won't be fooled.  As a result, your home could languish on the market for months, leaving you with a couple of important drawbacks:
 
* your home is likely to be labeled as a "troubled" house by other agents, leading to a lower than fair market price when an offer is finnally made.
 
* you have been greatly inconvenienced with having to constantly have your home in "showing" condition...for nothing.  These homes often expire of the market, forcing you to go through the listing process all over again.
 
2.  Somewhat Overpriced:  About 3/4 of the homes on the market are 5-10% overpriced.  These homes will also sit on the market longer than they should.  There is usually one or two factors at play here:  either you believe in your heart that your home is really worth this much despite what the market has indicated (afterall, there's a lot of emotion caught up in this issue), OR you've left some room for negotiating.  Either way, this strategy will cost you both in terms of time on the market and ultimate price received.
 
3.  Priced Correctly at Market Value:  Some sellers understand that real estate is part of the capitalistic system of supply and demand and will carefully and realistically price their homes based on a thorough analysis of other homes on the market.  These competively priced homes usually sell within a reasonable time-frame and very close to the asking price.
 
4.  Priced Below the Fair Market Value:  Some sellers are motivated by a quick sale.  These homes attract multiple offers and sell fast-usually in a few days-at, or above, the asking price. Be cautious that the agent suggesting this method is doing so with your best interest in mind.
 





select one




select one

select one

select one

select one





* fields are required

Testimonials

My wife and I would like to take this opportunity to recognize Linda Johnston who is with the office at CENTURY 21 All Aces Realty. We had been trying to sell our house in Palmetto for approximately 2 years. Prior to being introduced to Linda, we had used two other real estate agents who were quite ineffective in getting people to look at the house. As soon as we spoke to Linda, we were impresses with her enthusiasm and determination. She immediately gave us ideas on how to list the house to attract prospective buyers. When one idea didn't work, she was innovative and determined to come up with new ideas. Her personality was refreshing and she was always professional. We felt as though we were her only client, although we knew she had others. It was a pleasure working with her and we would recommend her to any seller or buyer. Craig & Felicia Himes
My experience with CENTURY 21 All Aces Realty was remarkable, but my experience with my Agent, Matthew Rotondo was even better. Matt’s willingness to work with my wife and I was truly amazing. Matt took a true interest in our needs and wants as a young couple. Knowing we did not have the money to buy a home that needed lots of work, Matt made sure to find us a home that was move in ready. When it came time to close on our dream home, the house needed a new roof. Matt came through again, he was able to get us our dream home at price we could afford with a new roof. Matt is just a genuine good guy, I don’t know many agents that would actually come over and help you move and work in the yard. Thanks again Matt for helping my family get the house of their dreams. Richard and Lisa Glass
View All

e-PROGRI - Graduate, REALTOR® InstituteUSAA Real Estate Reward Network Broker

©2015 CENTURY 21 All Aces Realty. CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. Equal Housing Opportunity. Each office is independently owned and operated.