The South Florida real estate market is constantly evolving and Palm Beach county is no exception. While there are some tips that are constant, others may be ear marked as “in our current environment.” Lets delve into our current environment with some useful, real-time advice as of the date of this posting…
Get pre-qualified or even better, pre-approved
The backing of a reputable lender strengthens your negotiating position. It shows agents and sellers you are serious and have the financial power to buy the property.
Understand Your Estimated Costs and Commitments
If you’re a first time buyer, this is a real important one. When determining your maximum purchase price, be sure to consider all upfront costs and all monthly costs. If your need the assistance of a title company in Palm Beach county to assist you, feel free to contact us.
Like your Mama Told You… Shop Around!
Home buyers, especially first-time home buyers, must avoid feeling rushed. Look at different styles, sizes, neighborhoods, etc… Knowledge is power and the more you see, the more you’ll learn.
Don’t Believe in Love at First Sight
Remember, above all, this is a business transaction. Quick emotions may cloud your judgement and decision making process. Just remember what mamma said up above!
Evaluate Properties the Right Way
It’s easier said than done, but forget about the furniture and other interior decorations, because neither will be there when you move in. Evaluate the more important considerations that are either very difficult, costly or impossible to change, like the building structure, the layout, the size, the number of bedrooms and bathrooms, the property location, the neighborhood, the schools, etc…
Make a “Smart” Offer
When you are ready to make an offer, you should have two figures in mind, your initial offer price and your maximum offer price. This will assist you to be a wise negotiator who operates without emotion!
Don’t Pass up the Right to Inspect
There is much to be learned from an inspection. Simply put, this fee will be one of the wisest investments that you make when purchasing a home. In fact, it can save you from disaster or even be a useful bargaining tool.
Please contact us, your Palm Beach County Real Estate Attorney for more information on any of the above and any other concern regarding closings and real estate law.
The Law Office of Donna Hearne-Gousse