4 Ways To Tell If You’re Getting A Good Deal — On Your Real Estate!

Buying a home can easily seem like the most complex financial puzzle you’ve ever faced: there are zillions of factors to consider to make sure you’re getting a good deal. With a gigantic purchase like this, the stakes are EXTREMELY high. Plus, it’s not only a big deal financially, but emotionally too. How to avoid freaking out over a signed deal, thinking *maybe* you could have gotten that place for much less with a little negotiation?  Discover expert insights from The Antonov Group on selling your home! Learn 3 essential tips every house seller needs to know. 

Buyer’s remorse is real and none of us are immune to it. Discover your ideal neighborhood with The Antonov Group! Expert advice and personalized guidance to help you find the perfect place to call home.

So today, I want to offer you a simple roadmap to ensure you’re getting a kickass deal (while also saving you from a few panic attacks lol)...

*drumroll please*

Here are 4 surefire ways to know you’re getting a good deal on a home. 👇

1. Understand the market value of the home (ever heard of comps?)

Knowledge is power. Trying to figure out if a house is fairly priced without checking the ‘comps’ (comparative sales in real estate) first is not more than a guessing game. Simply put, comparable sales are researching the price of similar listings in the same area. This will give you a solid overview of local property prices and current market trends – a superpower many buyers underestimate. If you’re paying near or below the recent sales prices, you just got yourself a smokin’ hot deal. 🔥

While most real estate websites display information about recent prices, it’s best to get support from a professional Realtor® who understands the market and all the other details you need to be aware of. (You’d be surprised how much you can save simply by being well-informed…). Unlock the secrets of pricing your home with The Antonov Group! Get expert guidance for maximizing your property's value. 

HINT: it takes 45-60 days to close on a house. So if you’re looking at homes sold in May, keep in mind this is the price of contracts written in March or April. Did the market change since then? Find out!

2. Look at the purchase holistically & stick to your budget

When evaluating the price, consider any extras you’re getting. Is the seller paying some or all of your closing costs? Do they throw in some extra furniture or appliances? Most people don’t realize that these “little” things make a tremendous difference in the end!

Also, make sure to stick to your budget. It’s common for buyers to go beyond the limits of their budget when their vision is blurred by the exhilaration of finding their dream home. Even if you get a bunch of extras, it’s not a good deal if you end up spending more than what you can afford. 

Another TIP on that note: Don’t start with your highest offer because you can easily shoot yourself in the foot during the negotiation process. Offer less than your maximum budget to prevent yourself from making a lavish purchase you might regret later. 

3. Get a home inspection (aka avoid buying a pig with lipstick 🐷💄)

Not everything that glitters is gold. And this couldn’t be more true for real estate. See, a house can look amazing on the surface, increasing the perceived value of what you’re getting… but if the foundations are in bad shape, you should stay away (or at least negotiate a price that matches the REAL value of the home). 

So buy with your brain, not just with your eyes. You can get a wildly better deal on something that’s structurally well-kept but not as nice-looking (you can always fix that later and it’s cheaper in the long run than having to fix foundational issues). Replacing outdated equipment, like furnaces and HVAC systems, can cost you a fortune so make sure to get a home inspection!

4. Invest in an experienced Realtor® who will hold your hand (and ease your anxiety)

If you’re a first-time homebuyer, it’s best to get support from an experienced real estate agent who will guide you through every step of the process. Experience is key here – there’s a reason why 20% of agents sell 80% of homes. (Just a little food for thought. 😉)

With 12 years of real estate experience and over 700 houses closed, we’re here to help you make a stress-free life transition as you find the perfect place for the next chapter of your life in Minnesota. To explore if we’re the right fit, schedule a free consultation call with one of our experts HERE. 

From all kinds of tough choices to the moment your life changes forever as you turn the key on your first home’s door, we’re here for you!

💡 BONUS TIP: Buy during the off-season (because seasonality matters)!

Always keep this in mind: real estate prices peak in June and July (we’re talking about contracts written between March to May). That’s because most buyers purchase in late spring or summer to move into their new home before the school year starts, making it a high-traffic season. You’re better off buying during the fall or winter when prices drop significantly.

Discover your dream property with a good deal on real estate! Explore vibrant night markets near me for unique local finds and delightful experiences.

Want to get the BEST deals? Time your purchase for mid-January when the prices are at their absolute lowest! 

Now go out and get that smokin’ hot deal, my friend! 

Whether you’re looking to move in 9 days, 3 months, or even 5 years… know that we work on your timeline and are committed to building long-term relationships only. We’re here for you: today, tomorrow, and in the years to come.

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