A real estate insider knows the tips and tricks that can help them find houses quickly and easily. They can also find those houses for great prices, and get deals that others might not be able to locate. You don’t need to be a real estate insider to find a house you’re happy with, but the more you know the easier it can be for you to get a great deal on a place you really love. Finding a great deal can help you feel better about the house you choose, and you’ll have the peace of mind that comes with getting the right place for you. But how do you find the right house the way a real estate insider would? With a few specific considerations that will help you learn all you need to know.
Do you really know the market?
If you know the tricks and tips of real estate insiders, you can find a house you love faster and easier. One thing these insiders have is good knowledge of the market. They have spent time and effort to understand that market, and you’ll need to do the same. It isn’t necessary for you to pour over market reports for hours and days on end, but you definitely want to spend time seeing what the local market is doing. Are homes sitting, or selling? Do the homes that sell have to come down in price first? Are some neighborhoods doing much better than others? Those are all questions you’ll want to ask yourself, and answer through learning about the market and all it has to offer.
What are local agents saying?
When you really want to find a house, it helps to work with an agent who is local to the area and has worked in that area for a long time. These agents are great resources, and can give you insider information that you wouldn’t get otherwise. Most agents want to make a sale, and they know that they can do that more easily if they have informed clients who know what they want and need. By finding out what local agents are saying about the market, and about houses you may be interested in, you’ll have a better chance of making a decision that is really based on good information, and not just on what you think might be best for you. Intuition is important, but you also need the knowledge to go with it.
How are investors getting involved in the market?
In addition to keeping your eye on agents, you also want to pay close attention to what investors in the real estate market in your area are doing. These investors should be a great resource, because they are in the market to make money. They aren’t interested in buying a home in order to live there, so they are looking toward getting a good deal. If you see where they are buying houses and for what price, you can get a very good idea of what price you should be paying for a house and what neighborhoods are popular. That can really help you buy like an insider.
Did you see the comps for houses you like?
Comps, or comparable houses, are used by appraisers to help get an idea of how much a particular house is worth. If you’re looking at buying a house and you can find comparable homes, that can help you decide if you’re getting a good deal at the list price, or if the seller of the property is asking too much. Using comps isn’t a guarantee of what the price should be, but it’s another piece of the puzzle that can give you insider information you can use to buy your next home. With a good price and peace of mind, you’ll feel better about your home purchase.
Have you met the inspectors and appraisers?
Real estate insiders know how to find the right home and get the best deal, and you can learn their tricks to get a great house, too. Among their contacts are appraisers and inspectors in the area. They get to know these people because they have a lot of real estate knowledge, which they know can be very valuable to them. By finding out who handles these issues in your local area, you can get to know them and learn more about the houses that are for sale near you. Some appraisers and inspectors will be more forthcoming with information than others, of course, but those who are happy to help can be great sources of knowledge.
Who do you know with first-hand knowledge?
The more people you talk to who can provide tips and tricks to help you find a home, the better. If you have family or friends who are inspectors, contractors, real estate agents, investors, or similar, you can often get a lot of information from them. It’s important to also do your research, though, since everything they tell you might not be what works for you. It’s vital for you to be sure you’re planning your real estate purchase in a way you feel good about, and you may not agree with how a certain person would do something. Use the knowledge that is going to be valuable to you and leave the rest behind, and you’ll be able to make the right decision and buy like a real estate insider.
2 Point Highlight
If you know the tricks and tips of real estate insiders, you can find a house you love faster and easier.
Real estate insiders know how to find the right home and get the best deal, and you can learn their tricks to get a great house, too.
