5 Uncommon Tips For Buying Your Dream Home

Dated: 11/07/2017

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5 Uncommon Tips For Buying Your Dream Home


Your dream home is out there and there are many secrets and tricks-of-the-trade that can help you lock down the home of your dreams, like writing the owners a love letter or offering to pay in cash. In a crowded buyers’ market, however, you may need to take it a step further with an idea that’s even more uncommon—yet effective.  Here are some unconventional ways to stand out.

 

Become a Marketer

You know what you want: you have every detail of your dream home in mind, but you haven’t found it quite yet. Instead of spending hours digging through listings online—or doing dozens of home tours, bring the options to you by pinpointing potential neighborhoods and selling yourself as a buyer.

via Got Print

 

 

You can use a site like Shutterfly or Vistaprint to create flyers, postcards or mailers on a budget. Use this tactic for any neighborhood you’re interested in and include contact information. You don’t want to give away anything too personal, so create a new email address just for this. If you want to include a number as well, get a Google number, instead of giving out your personal one.

 

 Put Down Less Than 20%

While a 20 percent down payment is traditionally recommended and preferred, it’s not always possible if your dream home is on the higher end of your budget. If you don’t want to let your dream home slip through your hands, you can put down as low as just 3 to 5 percent and simply make a monthly PMI payment.


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Most people cite the monthly payment as the reason to avoid PMI. While not high, it may not be deductible come tax time and doesn’t protect you, as the borrower. However, you can reappraise after you’ve put in enough sweat equity to own 20 percent of the home. This means you’re able to affect the amount of time you have to make the PMI payment, which puts much of the power back into your hands. For many people, that makes this a great option.

Get to Know the Owners

Sellers are likely getting offers, love letters and other unique presentations from a large number of buyers. Make your offer and presentation stand out by learning about what they love.

If need-be, take notes on your phone as you walk through the house so you don’t forget any helpful details.
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Become a Renter First

This isn’t always an option, but if it is, it could be helpful, especially if you don’t have a down payment saved just yet. Use renting as an opportunity to become a dream tenant and work your way toward buying your dream home.

“Pay your rent early every month, keep up with lawn maintenance, and treat the home with care. During this time, you’re also establishing a great relationship with the landlord. After some time, make an offer.”

To ensure this rental ends in ownership, be upfront with the owners about what you’d like to do. This may appeal to people who have strong emotional attachments with their home—they’ll feel better selling to someone they know will keep taking care of the home and love it like they do.

Get Your Dream Home

Sometimes the most unusual tactics are the most powerful. Use these ideas to become the owner of your dream home, whether you put down less money or flyer potential neighborhoods. Pull out all the stops for your dream home and you may be pleasantly surprised.

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Related posts:

  1. 10 Tips for Making Home Buying Negotiations Go Smoothly

  2. Tips for Buying a Home With An Eye to Expand

  3. 5 Tips To Prepare You For Home Buying

Denver Real Estate Concierge - A realtor that has your back.

 

Buy or Sell traditionally or by the auction method.   Tamara Whelpley has lived and worked in Denver for over 30 years and is an expert in Washington Park, Cherry Creek,  Highlands and throughout the Denver corridor. Consulting is her top priority.  She is your advisor and advocate and understands the importance of communication throughout the real estate process.     She is also well informed and experienced on  where to ski, bike, hike, golf, and dine at the new upscale restaurants throughout beautiful Denver, Colorado. Tamara is a trained auctioneer and would be happy to discuss the benefits of buying and selling real estate at auction in a hot market.   Visit her website to be linked directly to the best information on real estate in Denver. 

Meet Tamara  

Text Tamarajo to 85733 for her mobile business card

Get the Value of your home by clicking here

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Tamara Jo Whelpley 303-877-9663

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[email protected]

www.TamaraJorealesate.com

www.BuyandSellColoradoRealestate.com



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Tamara Whelpley

Tamara Whelpley has lived and worked in Denver and Boulder for over 30 years and is an expert in Washington Park, Cherry Creek, Highlands and throughout the Denver corridor. Consulting is her top pri....

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