Priority 1 Lending: Tactics to Secure Your Dream Home at a Lower CostVerify my mortgage eligibility (Dec 9th, 2023)
At Priority 1 Lending, we know that one of the primary concerns for homebuyers is how to buy their dream home without breaking the bank. With the right strategy and a little ingenuity, it’s possible to get a great deal on your dream property. Here are some techniques you can use to help secure your ideal home for less, and how Priority 1 Lending can assist in making this dream a reality.
Prepare a Robust Pre-Approval
Starting your home search with a robust pre-approval gives you a clear picture of your budget and sends a strong message to sellers that you’re a serious buyer. At Priority 1 Lending, we can guide you through the pre-approval process, helping you understand your financial standing and secure the best possible pre-approval, giving you a head start in the negotiation process.Verify my mortgage eligibility (Dec 9th, 2023)
Timing Your Purchase
Timing can significantly influence the price of a home. Typically, the real estate market is less active during fall and winter, which can work to your advantage. With fewer buyers in the market, sellers may be more willing to negotiate on price. At Priority 1 Lending, we’re here year-round to support you, whether you choose to buy during the peak season or the quieter months.
Perfecting the Art of NegotiationVerify my mortgage eligibility (Dec 9th, 2023)
Being a savvy negotiator can potentially save you thousands on your home purchase. This can involve negotiating the price directly, asking the seller to cover some costs such as closing costs or home warranty, or requesting repairs or upgrades. The professional advice from our team at Priority 1 Lending can be invaluable during these negotiations, providing you with insights and strategies to strengthen your bargaining position.
Pursue a Home That Needs Some TLC
A house that needs a bit of work can often be a bargain. If you’re willing to invest some time and money into improvements, you can potentially secure your dream home at a lower price. Our team at Priority 1 Lending can guide you on financing options available for such situations, such as renovation loans, ensuring you have the financial support to transform a fixer-upper into your dream home.Verify my mortgage eligibility (Dec 9th, 2023)
Leveraging Home Inspections
A thorough home inspection can provide crucial information about the home’s condition and may give additional room for negotiation. If the inspection uncovers any issues, you can potentially negotiate a lower price or request repairs before closing the deal. At Priority 1 Lending, we can assist you in understanding how inspection results might influence your loan requirements and purchase negotiation.
Enlist a Skilled Real Estate AgentVerify my mortgage eligibility (Dec 9th, 2023)
A knowledgeable real estate agent can be a significant asset. They can provide insight into the local market, identify underpriced homes, and guide you through the negotiation process. While you focus on finding the right agent, Priority 1 Lending will focus on ensuring your financial readiness to pounce once your agent finds that perfect deal.
Purchasing your dream home at a lower price is not an unattainable goal. With strategic planning, careful negotiation, and the willingness to consider homes that may require some upgrades, you can indeed find your perfect home within your budget.
At Priority 1 Lending, we’re not just about providing mortgage solutions; we’re committed to helping you navigate the entire home-buying journey. We’ll stand by you through every step, ensuring you’re financially well-equipped to secure your dream home at a price that doesn’t break the bank.Show me today's rates (Dec 9th, 2023)