Getting A Family Home In Your Budget: Advice You Won’t Want To Miss!

Getting A Family Home In Your Budget: Advice You Won’t Want To Miss!

When you need to move home, it’s always a worry when figuring out how much you can borrow when it comes to your mortgage. After all, house prices have gone up by 17% in the last three years. You will see fantastic family homes that you want to buy, but they are way out of your budget. Here’s some advice you won’t want to miss on getting a family home in your budget.

Screen Shot 2016-07-29 at 4.18.26 PM

Pixabay

Keep making offers

One piece of advice we can give you to get a family home in your budget is to keep making offers. It can be offputting if you see a great home that you want but it’s out of your affordability. But homeowners always put the cost of their property higher than they expect to get in the end. So you should make an offer to the realtor that is below the current asking price. Of course, you can’t be too cheeky and offer an unrealistic amount that they won’t accept. But a couple of thousand dollars under the asking price is always a great place to start. If they come back and say no, you can then up the price to slightly more. As you can read about in this article, you should keep going once doors have been opened for negotiations until you have found a price you agree on.

Screen Shot 2016-07-29 at 4.18.37 PM

https://www.pexels.com/photo/man-communication-phone-talking-42399/

Check out different areas

Another piece of advice you need to see to get a family home in your budget is to ensure you are checking out different areas. You might get a lot more for your money in a different area than where you are looking now. You should look online to compare how much properties are selling for in other places. If you are prepared to move wherever, you may want to look abroad for homes. You can get some great deals on properties in places such as the UK or Australia. You can contact the estate agents in the country to find out about homes that are currently on the market. Make sure you check online to ensure they are a professional company; for example, you can read about Entwistle Green on their site.

Screen Shot 2016-07-29 at 4.18.48 PM

Pexels

Compare mortgage rates

An additional piece of advice you don’t want to miss when finding a family home in your budget is you need to compare mortgage rates. You shouldn’t be going for the first mortgage you come across as you could be getting a better rate somewhere else. You should speak to several banks and other organizations to see if any of them will give you a better rate. You could end up being able to get a few more thousand dollars with a different company, meaning you can get a bigger family home.

Screen Shot 2016-07-29 at 4.18.58 PM

Image from Pixabay

Make sure you do make a list of everything you need in your home. You might be able to cut out a room if something is not a necessity. And once you do manage to get a new dream home, here’s some help for the big day to ensure moving all runs smoothly!

Screen Shot 2016-07-29 at 4.19.09 PM

flickr