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Home » How Do I Know I’m Getting a Good Deal?

How Do I Know I’m Getting a Good Deal?

April 5, 2017 by admin Leave a Comment

How do I know I’m getting a good real estate deal?

When buying a home, the perfect home may be a dream, but there are some things to look for to know whether or not you’ve made or are going to make a good purchase. Check out these 4 things when looking for a house to know you’ve got a great deal.

How Do I Know I'm Getting a Good Deal?

#1. Price.

Price is the number one factor when determining a deal. Regardless of what the home looks like, if it is priced correctly for its condition, location and size, you know whether or not is overpriced or underpriced or at market value. If you are unsure, your real estate agent should be able to tell you whether or not it is priced correctly. An amateur real estate agent, one that does it part-time, or a brand-new agent, may not know whether or not a home is priced correctly. Agents that are very familiar with local communities, neighborhoods, and subdivisions will be able to tell you if the home is priced correctly, overpriced or under market value. Once you know your price range in which to search, your real estate agent should be able to present you with homes within that price range and pick out those that are a good deal.

#2. Features.

A good deal has to have the features that you are looking for in a home. It might be priced correctly but if the home does not offer the features you are looking for, it’s not a good deal to you. Coupling the price with the features that you want naturally are the components that make up a good deal. If the home has the right number of bedrooms and bathrooms that you are looking for, features such as an open design, backyard, or the letters that you want and it’s priced correctly, you’re probably getting a good deal for you.

#3. Condition.

There were two similar homes within the same neighborhood priced $40,000 different from each other. The higher-priced house had a few extra landscaping features but the size, condition, and location were all fairly the same. The home priced $40,000 less sold within a week. If the same buyer were looking at homes, naturally the lower priced home would’ve been the better deal.

Condition means the state of repairs that the home needs. There’s usually fixer-upper, fair, average, good, and excellent conditions. Excellent conditions would be primarily for new construction homes or brand-new remodels. Many homes are in good condition so other factors would need to play a role as to whether or not it’s a good deal. If the home is fair or is in a fixer situation, the home would need to be priced adequately for it to be a good deal and then again, the buyer would need to want this type of home as well.

#4. Location.

We’ve always heard the phrase location, location, location. But this really is true when looking for a good deal. Are you looking for a home in the neighborhood with a community, gated subdivision, a view, waterfront or oceanfront, close proximity to work or schools? All of these location factors will play a role in conjunction with condition, price and features. If the location works with the price and it’s in the condition you want with the features you need, you obviously are getting a good deal.

For more details on getting a good deal in Sunset Beach and surrounding communities and oceanfront towns in North Carolina give us a call today.

Filed Under: Buyers Tagged With: buyers, good deal, home buyers, real estate

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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an...
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“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an Open House. Our relationship continues as Karen and her husband Frank have been outstanding not only in helping my husband and I find the right retirement relocation home, but we have watched their commitment in helping many others find their homes. She and Frank treat every client as if they are the only ones that exist. They provide thorough research of areas and homes of interest and present you with the options. They are not your typical hard sell, must-buy-now realtors. They are here to help you find your next home?. You won’t go wrong with the Bakers!
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“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to...
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“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to Sunset Beach they created a portal and populated it with properties that met our ever-evolving criteria. By time we arrived we had a good feel for what we could afford and what was available that met our criteria. The Bakers, especially Karen, were able to make sense of what we thought we were looking for and eventually matched us with a house that we ended up purchasing — Karen called it the “This is it” house and she was right. We are loving our 2nd home and appreciate how painless Karen and Frank made the process. All the paperwork was done seamlessly and quickly and the closing went off without a hitch. The Bakers do not believe in the hard sell — they gave us the knowledge we needed and the guidance we needed to make our dream a reality.”
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best...
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Amy and I have bought and sold four properties in the past twelve years. Both of you are the best realtors we have ever dealt with. Amy and I both felt we could trust you to look out for our interest. The level of service you provided was outstanding, from taking the trash out, helping the buyer with inspecting the irrigation system, dealing with our tenants, always being there if we needed to ask a question, providing constant updates on the market and always keeping us informed on the sale of our house. I think your next venture should be training other realtors, because both of you have mastered the art of providing excellent service. I will be sure to recommend the Frank and Karen team to anybody looking for a trust worthy, knowledgeable and top performing realtor. It was a pleasure working with both of you.”
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“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When...
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“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When we made up our minds which one we wanted, they got us the best deal on it. We were very satisfided with them. After the purchased was made & we moved in, they were still there to answer any questions or problems that we might of had. Like I said, they are the BEST.”
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