4 Ways to Get a Great Deal on a Home Anywhere in Idaho
1. Find a Great Real Estate Agent
Many different factors can influence local real estate markets, so it is important to work with a local expert. An experienced real estate agent will keep you apprised of local inventory conditions, help you locate the ideal neighborhood, and uncover deals and opportunities that may not even be on the market.
A great agent will also walk you through the entire purchasing process and help recommend local movers, renovators, or anything else you may need to make moving into the home of your dreams a smooth process.
2. Assess Your Needs and Layout Your Goals
You will need to take time to come up with a purchasing plan that keeps in mind what type of home, the type of neighborhood, and in what price range you are looking to purchase. Have your agent check local zoning codes if you want to make modifications, look into school districts if you have children, and check comparables sales to get an idea of what realistically meets your needs and price range.
3. Find a Lender and Secure Financing
Unless you plan to buy your home with cash, you’ll need to apply for a mortgage. For most home buyers in Idaho, interest rates are among the biggest factors when choosing a lender. Doing a little upfront research and comparing options to find the best rates could save you tens of thousands of dollars over the life of your loan.
For example, in Idaho a typical house is worth $323,000. Assuming a 20% down payment, if you took out a 30-year mortgage for 3.5%, your monthly payment would be $1,152. But if you shopped around and found a 3% mortgage, your monthly payment would drop to about $1,089.
4. Negotiate the Best Possible Price
Once you’ve found the right property, your agent will help you submit an offer and then negotiate the following inspections to ensure you’re getting the best deal possible. A good agent will have knowledge of the local market, know what repairs are still necessary, and be aware of any other limiting factors that could impact the final price.
If you are looking for a home in Idaho and need a quality local real estate agent by your side, a Minegar Gamble Real Estate Agent can help you. Clever connects you with the top agents in your area, and guides you through every step of the home search, negotiation, and closing process.