Ep184 “It’s the Most Wonderful Time of the Year…To Possibly Save Money on the Purchase of Your New Home!”
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It’s hard to imagine that another year is almost in the books! In just a few short weeks, we will be saying goodbye to 2023 as we ring in 2024! To wrap up our final episode of the podcast for 2023, today, we want to talk about why buyers who are seriously wanting to buy a home now should take the advantage of potentially saving some money on the purchase of their new home, which is something we haven’t been able to say in quite some time! TALKING POINTS (3-5):
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- Introduction
- Stress that when we say “saving money,” we not necessarily talking $50-75K on the purchase of a home, but definitely $5K, $10, or even $15K on a home!
- Discuss market conditions we see every winter:
- This time of the year is slower because of the weather and the holidays
- Fewer sellers but fewer buyers as well
- Discuss the types of homes you are going to see on the market this time of year
- Estates
- Older people who can no longer take care of their home
- Discuss market conditions we are seeing right now:
- Homes are currently sitting on the market
- Higher interest rates
- Homes are currently sitting on the market
- Discuss why now is a good time to buy a home!
- Fewer multiple bid situations
- Negotiate!
- Get your inspections!
- Remember, refinancing when interest rates drop is always a possibility
- Higher home prices could negate any potential reduction in interest rate decrease
- Fewer multiple bid situations
- How can I save money when buying a home?
- Offer less than asking price
- Ask for seller assist
- Negotiate a lower interest rate
- The inspection and appraisal offer additional opportunities to receive additional concessions from the seller(s)
- This could include repair work being completed prior to closing rather than reducing the sales price or asking for seller assist!
- Ask for a home warranty at closing
- Final thoughts
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