Observations with Possible Financial Impact

Three valuable observations in real estate that I would like you consider, if you are looking at homes in the Rhinebeck, Red Hook, and Millbrook NY vicinity. One is to start your search with homes which are listed slightly over your price point. Why, simply the majority of the homes are negotiable. Now I am not saying spend more money, I am saying if you do your homework and know the top dollar that you are able to spend including taxes, renovation, utility, and maintenance costs - look at homes giving you a 15% margin for negotiation. If you walk into a home which may be the perfect home for you, do not walk away thinking the owner will not accept my offer. Two is the due diligence function that must be performed by you, the buyer regarding what the final cost of the home will be after repair, renovation and probable increase of the assessment value of your home. You should not compare a Macintosh apple and a Granny Smith apple lumping them together under the heading of apple each have their own defining features. The lower price does not necessarily mean a lower cost. In addition to the purchase price of the home, it is necessary to learn and see for comparison what the home offers for example does the lesser price home need structural repairs that can increase the total cost of the home 5%, for example insulation, roof and windows. You might find that after you evaluate two homes that the higher price home might actually be the same cost or lower. There are many factors which influence the price the seller is seeking for the sale of their home and they have the listing agent or selling broker to look out for them. The seller has a contract with the real estate agent to do just that. The value for the buyer whether emotional or financial lies in their choice of real estate agents or brokers. This is a definite third observation- choose to work the professional who will be totally committed to you. Since in Dutchess and Columbia Counties all homes listed on the Multiple Listing System (MLS) can be purchased with any real estate agent, you should select one who is exclusively committed to you- THE BUYER