Real Estate - 3 Tips on Cutting Costs When Buying

When purchasing real estate everyone wants to save as much money as possible. Buying a house is a big financial step and you want to make sure that you can afford the transaction. Most people need to use a mortgage in order to buy the house they want and this represents a 30 year commitment in most cases. Therefore, the more you can save on the purchase of the property, the more you save on your monthly payment for 30 years. Here are a few tips to keep in mind when trying to cut costs on a real estate purchase.

1. Consider Fixer-Uppers

Getting a house that is not in prime condition can potentially save you quite a bit of money. When a seller is trying to get top dollar for their home, they will usually try to fix everything that is wrong with it. If they do not fix up the house, they are usually willing to take a lesser price.

2. Negotiate

The list price is merely a suggestion. You can offer whatever you want on the house. Try a low offer first and see if they take it.

3. Get Extras

Sometimes to sweeten the deal, sellers will throw in extras. Ask for the appliances or anything else that could help you save money. 

blog comments powered by Disqus