If you are thinking of moving anytime in the near future, you may also be thinking about buying a house. Today, it seems like more and more folks are turning to the Zillow website for help in this arena. Spencer Rascoff, CEO of Zillow, has recently shared some of his top tips for buying a home. We thought we’d share them with you!
1 – Be Educated
When you are moving into the housing market as a prospective owner, the most important thing is to arm yourself with plenty of knowledge. Take advantage of the tools afforded you – use the Internet, access listings, look at pictures, and learn what the seller paid for the house. The more you know, the more power you have.
2 – Look Outside of Your Price Limit
While it is never a smart idea to spend more than you can afford, there is nothing wrong with looking at houses that are outside of your price range. The housing market is still in a glut which means you might just find a great deal. In fact, you might be moving into a house you wouldn’t even have considered before! Just remember, the listing price is just a suggestion.
3 – Consider Foreclosures
Last year, the banks took back more than a million homes – this year that could be even more. The prospect of buying a foreclosure is a good move for savvy bargain hunters and investors alike. This is because such homes are up to 20% less expensive.