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Pay the Lowest-Possible Price for a House

by Judy Spencer Dona, CRS, GRI, BROKER 01/06/2019

Finding a deal on a new home sometimes can be difficult. Fortunately, we're here to help you shop for your dream residence so you can discover a house that matches your budget perfectly.

Now, let's take a look at three tips to ensure you can pay the lowest-possible price for your dream residence.

1. Be Aggressive During Your Home Search

Much in the same way that the early bird catches the worm, a homebuyer who tracks the real estate market closely is better equipped than others to discover a deal. If a buyer monitors the housing market in his or her preferred cities and towns, this individual may be able to pounce at the opportunity to acquire a quality house at an affordable price.

Oftentimes, it helps to make a list of homebuying criteria. This list will help you narrow your home search and eliminate houses that fall outside your price range.

You also may want to get pre-approved for a mortgage. With a mortgage in hand, you'll know precisely how much you can spend on a home and may be able to navigate the homebuying journey more quickly than other buyers.

2. Evaluate a Home's Strengths and Weaknesses

Once you discover your dream house, you likely won't want to wait long to submit a competitive offer to purchase. Because the longer you wait, the more likely it becomes that a rival homebuyer could make a move to acquire this residence.

If you find a home that you may want to purchase, analyze its strengths and weaknesses. This will allow you to determine whether the residence is right for you. And if you believe this house is the ideal choice, you can weigh the residence's strengths and weaknesses as you craft an offer to purchase.

Furthermore, there is no need to submit a "lowball" offer to purchase your ideal residence. If you review a home's condition, the current state of the housing market and other real estate factors, you should no trouble submitting a "fair" offer to purchase.

3. Collaborate with a Real Estate Agent

A real estate agent is committed to helping a homebuyer discover a terrific home that corresponds to his or her budget. As such, a real estate agent will collaborate with a buyer and ensure this individual's homeownership dream can come true.

Typically, a real estate agent and a homebuyer will work together to develop a property buying strategy. When this plan is in place, a real estate agent and a buyer will explore the housing market and find a great home at a price that suits the buyer.

A real estate agent is ready to provide comprehensive guidance for homebuyers too. And if a buyer ever has questions during the property buying cycle, a real estate agent is ready to respond to these queries at any time.

Want to pay a low price for your dream house? Use the aforementioned tips, and you can seamlessly navigate the real estate market and find a top-notch and budget-friendly house.

About the Author

Author
Judy Spencer Dona, CRS, GRI, BROKER
You can learn a lot growing up on a farm in rural Illinois. Just ask Gillespie native Judy Spencer-Dona. When it came to the daily chores on her family's farm - raising the livestock and harvesting the crops - each member of the family did their part. And although she didn't realize it at the time, young Judy was learning invaluable life lessons that would be the foundation for her later pursuits. To this day, she'll tell you her strong work ethic and her commitment to getting the job done are direct results of her childhood days on her family's farm. Hometown Values Truth be told, Judy will always be a country girl at heart. Even though she moved away from her hometown for a period to take advantage of career opportunities, she carried with her the values she learned early on. While Judy was grateful for the chance to experience new places and meet new people, she always secretly longed to return to Illinois' rural countryside. She'll even tell you her love for her home grew stronger during her time away, which is whey she was even more grateful to be able to return to the area she cherished. It's been several years since Judy moved back, and she feels it more than ever - there's no place like home. She now has a different perspective on the area. More than ever she treasures the natural beauty, the easy-going atmosphere and, perhaps most importantly, the warm, friendly people. A Passion for Her Work With such a deep appreciation for all this special place offers, it's no wonder Judy is so passionate about her work. As the area's leading real estate professional, she finds few things more fulfilling than helping others in the community make the most of their opportunities here. Whatever your real estate goals, this dedicated professional is committed to getting the job done. Judy understands firsthand, there's no place like home. For buyers, she not only works hard to match you with the right home, but the perfect neighborhood to fit your unique needs. For sellers, Judy knows there are oftentimes many emotions involved in the real estate process. With genuine care and compassion, she covers the details and strives to make your transition smooth and worry-free. A Homegrown Professional Whether you're looking to buy or sell a home in Macoupin or Montgomery County, put your move in the hands of a homegrown professional who understands your needs. A professional who knows There's No Place Like Home. Make the most of your real estate opportunities and call Judy Spencer-Dona today to schedule a private consultation. • Full-Time Real Estate Broker • Top Producer in the combined counties of Macoupin and Montgomery since 1999 • Your Lake REALTOR with over $20,800,000 in lake sales alone • Works With New Construction and Custom Built Homes • Relocating?--Let me be your relocation resource • Your Mature Moves Specialist--Condominiums for 55 years young • Top Overall Producer for Century 21 Reid Baugher Realty since 1999 • Quality Service Award Agent (chosen by clients) • Centurion Award, Century 21 - '00-'07 & '13-'16 - Top 1% Nationally • Ruby Award -- Illinois Association of REALTORS President's Club - '01-'06, '14 • Diamond Award -- Illinois Association of REALTORS President's Club - '08-'12, ‘15