Often the cost of good properties far exceeds the budget we’re working with. Very few sellers would be willing to knock ten percent or more of the selling price of their home. However, if your dream home is within that bracket, why not haggle? If you can move quickly, this might encourage a favorable sale. Or maybe, you can win them over with some personable charm?
When you’re searching for a property within your budget, it’s worth exploring ways to increase your budget. Check out a comparison website to find a more favorable mortgage that will lend you more money. Perhaps you are due a pay rise, or you can take on additional work for a while? Can you increase your deposit, or sell your home at a higher price?
If you’re still struggling, then it may be time to accept a compromise or two.
There are many things that will influence the value of a property. The decorative order is one. Would you be willing to accept a home that could do with some modernisation? The location is another. Are you prepared to commute a few extra minutes for a cheaper neighbourhood? And if you’re willing to buy new land for sale and build your home from the foundations up, you may just get what you want.
Other compromises can include the size of the property or the amount of outside space. It’s best to make a list of all the things you want for your dream house. This may include a minimum size for the master bedroom or the need for a single storey property. Once you’ve listed everything, grade each detail based on its priority and importance. The lowest scoring things should be the details you’re willing to give up. You may even find some problems at the property you can use for negotiating.
To increase your chances of finding that perfect property, widen your search. Change the minimum number of bedrooms down a notch. Widen the search radius from your ideal location. Increase the budget by ten percent. And don’t just rely on the internet search engines. Do some legwork around the property agents that serve the area.