Monday, November 28, 2011

How you can be a Foxy Madison Home Buyer

In the current local real estate market, buying a home in Madison can be simultaneously more accessible and more challenging than in earlier years. There are presently several fantastic advantages to buying a home in Madison. To start with, we are currently in a buyer’s market: prices are lower, but it also means there is a large supply of homes for sale that you have to wade through to find your “perfect” home. 
Purchasing a home can seem almost effortless when you know how to be a Foxy Madison homebuyer.
Follow these home buyer guidelines to purchase the home of your dreams with less stress and at a great value:
Consult with a lender first. 
Sellers feel more comfortable negotiating with buyers who are pre-qualified (better yet, pre-approved) for financing adequate to purchase their home. The pre-qualification or pre-approval may also save you time by allowing you to consider homes that fall specifically within your price range.

List your current home before searching for another home. 
Contracts contingent upon the sale of your current home tend to obscure the buying process, which in turn, significantly reduces your negotiating power. Under these conditions, sellers tend to be reluctant to compromise on other aspects of the agreement (i.e. price, dates, closing costs, etc.)

Don’t skip out on having the home inspected- by a licensed professional. 
Buying a home is no doubt one of the most substantial purchases you will ever make, so give yourself peace of mind by having a professional determine that the structure and other important aspects of the home are in decent condition. During the home inspection, a licensed inspector will take a methodical, unbiased look at the home to determine that there aren’t any structural or mechanical defects that may have a negative impact on the structural integrity, the safety of occupants, or the value of the home.

Don’t get caught up in the small, insignificant details.
Always keep your mind focused on why you are buying a home. Your “why” is the bigger picture, the lifestyle that you are seeking. Don't nitpick minute details that ultimately won’t matter in the end.

If you’re ready to buy a home in the greater Madison area, contact me and I'll help you get it at the best value and with as little stress as possible.

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