Being on a limited budget while house hunting may seem like no fun. As the old saying goes, where there is a will there is a way. Though you may have to be a bit of a dreamer, you will get exactly what you need by finding a home that a real estate agent is having a hard time getting offers on. Find unsellable homes and make them your own by following some small, simple tips.
Find homes that have been on the market for longer than average
Ask your residential realtor for information on how long homes in your area tend to stay on the market. Go through multiple listing sites and search for homes that that have sat on the market unusually long. Typically, owners and agents will offer deeper discounts on homes that are not moving, making a good home now inside of your budget.
Analyze your true needs
On a tight monetary leash, you will have to figure out exactly what is important. If location is the number one object, you may have to make due with less space and less items. Research ways to allocate smaller spaces for guest rooms, home offices, and free space. If space is a factor for your family, consider getting a home that is on the fringe of a good neighborhood in a nice school district.
Take into account some language
By the language used in some real estate ads, you may be able to glean that the house will be difficult to sell. If the term "up and coming neighborhood" is used, this typically means that the neighborhood is not yet desirable. If any implication is made that the home needs improvements, the home likely needs a number of updates and upgrades before moving in. Some listings may state that the owner is considering offers, but the home is not yet completely on the market. In these types of listings, there is a chance that the owner knows they are in hot water financially but wants to make a good sale and a clean break. For these listings, talk to your realtor about wiggle room in your offer.
Don't let having low money in your pocket impede on your home search. Make excellent deals by paying close attention to listings in your area and jumping on a place that you can make your own with a little elbow grease. If you're looking for a residential realtor in your area, contact Lori Reinalda.