How to get the right home at the right price on Cape Cod

Whether you are buying your first home or your fifth, the process of buying a home can be an emotional, time-consuming venture. Feeling that, in the end, you made the right decision and got a good deal can make all the difference. Here are a few helpful tips:

Do you really need that backyard tennis court?
It is essential to treat the buying process in a slightly detached manner. Those who fall in love with houses usually pay too much. Treating the process in a regimented manner will help you to make a rational, informed decision.

Get pre-approved
Visit your lending institution prior to shopping. Be sure to get a mortgage commitment in writing.

Location, location, location
It’s still true. The desirability and resale value of your home depends on location more than any other factor.

Hire a home inspector
A home inspection is an inexpensive way to gain peace of mind, and guard your pocket book.

Proceed quickly
When you’re ready to buy, act. Good properties sell. This is especially true given the current state of most real estate markets.

Ask for a written CMA
A Comparative Market Analysis (CMA) is an analysis of comparable homes in the desired neighborhood.

Know the seller
Understanding a seller’s reasons for moving could work to your advantage during negotiations.

Keep it impersonal
Information about your mortgage, size of down payment, move-in deadline, or circumstances for buying could be used to the seller’s benefit in negotiations.

Exercise your negotiating skills
Even if you prefer not to haggle, it’s worth it, especially when it’s your home and one of your biggest investments.

Avoid bidding wars
In some cases, the seller’s Realtor® may use scare tactics to rush the sale or increase the price. Falling for this trap could cost you money.

Get it in writing
Legally, sellers must disclose all known material defects of a property. Ask for this in writing.

Be aware of hidden costs
You will be responsible for other items including mortgage insurance, appraisal fees, legal fees, inspection fees, transfer taxes, title insurance, inspections and property tax.