HOMEBUYERS: How to Save Thousands of Dollars When You Buy

HOMEBUYERS: How to Save Thousands of Dollars When You Buy

Before I get to the above topic, it's important to let you in on 4 common strategies most sellers use to price their homes, which I discussed on last week's Blog.
 

How Sellers Set Their Asking Price
 

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 the listing, an
easy way to win the battle is to overinflate the value of the home. This is done far too
often, with many homes that are priced 10-20% over their true market value.

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 of two factors at play here:
either the seller(s) believe in their heart that their 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
they've left some room for negotiating. 

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 analy-
sis of other homes on the market. These competitively 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.
 

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 the 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 home buyers who have the experience to purchase the home they want for thousands of dollars below a seller's asking price, some common denominators emerge. Negotiating skills are important. However, there are three additional key factors that must come into play long before you submit an offer.

 
 I put together a FREE report with a specific step-by-step purchase plan for homebuyers called: "HOMEBUYERS: How to Save Thousands of Dollars When You Buy". You can grab a copy of the report by clicking the following link: www.briankondo.com/savethousands
 

Your Home Sold Guaranteed or I'll Buy It!* No Gimmicks! For a Free Special Report that Details my Guaranteed Sale Program, visit: www.BriansGuaranteedSaleProgram.com.

Remember, your referrals change lives! We donate a portion of our income on every home sale to a great worthy cause like SickKids Hospital. To find out more visit: www.ReferForSickKids.com.

If you or anyone you know is considering making a move in the next little while, give me a call or pass on my number ... 905-683-7800 (Office) or 905-426-7484 (Direct).

Thanks for reading this week's Blog!



Brian