House Hunting? Here are a few Tips

As many people know, it’s a buyer’s market right now in terms of homes. This means that new buyers have more options than ever. Here are a few things to consider when starting the house-hunting process:

  1. Individuals who have been pre-approved for a specific loan amount often limit their search to houses that are listed under this price. However, sellers who are anxious to move out may be willing to accept offers that are well under their listing price, so go ahead and bump your search criteria up another $10,000 or $20,000 and test the waters of price negotiating.
  2. Unfortunately, many families who have been affected by the high unemployment rate can no longer afford their home, which means that there is a wide variety of foreclosed and short-sale homes on the market. Buyers who aren’t in a rush to move may consider looking into short sales. These types of sales are known for taking quite some time to become finalized, but buyers who enlist the help of an experienced real estate agent can often get a great deal on the home of their dreams.
  3. Young home buyers might be tempted to purchase a house in a less-than-ideal area if it’s the right price, but don’t underestimate how much location can affect costs. Areas prone to natural disasters or crime may end up costing more when it comes to obtaining the homeowners insurance Missouri residents need.

Missouri holds endless opportunities for buyers looking to take advantage of historically low home prices. Once these individuals have found the perfect house, all that’s left to do is call the Lake of the Ozark insurance experts at Krantz & Associates for a comprehensive knowledge of the best deals out there…and start packing!

 

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