When it comes to real estate, there are a lot of little-known facts that could make a huge difference in the process of buying or selling a home. If you’re planning to buy, sell, or invest in property, here are a few key insights that might surprise you:
1. You Can Put Less Money Down and Still Get a Lower Interest Rate
Did you know that it’s possible to put less money down on a property and still secure a lower interest rate? Many buyers believe that a larger down payment automatically means a better rate, but that’s not always the case. With the right strategy, you could potentially buy a home with a smaller upfront cost and save more money in the long run.
2. Hidden Homes That You’ll Never Find Online
One of the best-kept secrets in the real estate world is that many great homes for sale never make it online. The best realtors have access to exclusive listings—homes that may not be listed on public websites but could be perfect for what you’re looking for. If you’re working with a real estate agent who knows the market well, you might have access to opportunities that others don’t even know exist.
3. Sellers Overpaying for Repairs
Selling a home can be a stressful process, and many sellers fall into the trap of agreeing to costly repairs that aren’t always necessary. In fact, I recently had a property where the buyer initially requested over $10,000 in repairs. After some negotiation, we managed to reduce that cost to a fraction of the original amount. Sellers should always make sure they’re not overpaying for repairs—an experienced realtor can help navigate this tricky part of the deal.
Conclusion: Why Choose Lucas Howard Group?
Whether you’re buying, selling, or investing in real estate, it’s important to work with professionals who can guide you through the complexities of the market. We’re here to provide you with expert advice, ensure you don’t miss out on hidden opportunities, and help you avoid costly mistakes. If you’re ready to take the next step, give us a call today!