6 Ways You Can Avoid Paying Too Much for a Condo
Whether this is your first condo or you are a seasoned buyer as you consider whether somewhere like the Marina View residences is right for you, there are some things you can keep in mind to lower what you pay. It can be intimidating and it is a big decision and big investment so the thought behind the process is important.
1) Know what your needs are
As well as knowing those needs, the minimum you want to find in a condo, you need to sort out the difference between those and your wants. You might choose 3 beds in a perfect world but you might not have the money for it. Put it in writing and make a list so you can tell your realtor what the needs are, and so you can prioritise what it is you must have.
2) Get a pre-approved home loan
Unless you are lucky enough to have the cash to pay for your condo or apartment then make sure you are pre-aprroved for the mortgage. It lets those selling know that you are serious about buying.
3) Be honest with your real estate agent
With a great real estate agent you can better find all different options that might meet your needs including a Watten Estate condo. It is important to be honest with them about needs versus wants and about money and so on. That way they don’t waste time looking in places you cannot afford or that do not meet your minimum requirements.
4) Spend some time looking carefully at the location
If you chose a condo on a more desirable location you will have to pay more for it. But what is a good location for you might be a little different to someone else so think about what you want around the condo. Parks, close to shops, restaurants, how close are you willing to be to traffic, consider sounds and smells as well as what you can see. It is a good idea to take a walk at different times of the day and different days of the week to check it out. Don’t overpay for a condo in a location that does not meet your needs.
5) Think about your future needs as well
As you look at placed like Marina View residences you need to keep in mind not just what you need now, but what near future you will need as well. That will save you money in having to move before you wanted to. If you might have a family, if you might run a home business, then plan for that space.
6) Be ready to negotiate
The price the seller gives you is not necessarily the only price they will sell at. Often there is room to negotiate and that is something you can have help with with your real estate agent. They will have experience with such things and can really help you save money whether you are looking at a Watten Estate condo or another apartment.