Are you ready to buy a Millburn-Short Hills, NJ home?

So you're considering buying your first home and are thinking of Millburn-Short Hills, NJ. Congratulations! You're in the right place. Millburn-Short Hills, NJ is a popular place to move because of its many amenities and strong sense of community. Buying your first home--here or anywhere--is a major decision. You want to ask yourself many questions before taking that big step. Here are questions that will help you determine if you are ready to purchase a home in Millburn-Short Hills, NJ:

Will you stay put for while?

In order to make the investment worth your while, you probably want to stay in the home you buy for several years before you resell it. If you cannot imagine staying in Millburn-Short Hills, NJ for the next five years or so, it is probably not a good time for you to buy a home.

Is your life fairly stable?

Of course unpredictable things happen all of the time, but take a moment to think about potential major changes you can foresee. Is your job secure, or are you at risk of losing it? Is your marriage rocky, or going strong? Could you see yourself quitting work to go back to school in the near future? These are all things that should be taken into consideration before making a decision about buying a home.

Do you have good credit?

Perfect credit is not necessary for buying a home. That said, if you very bad credit, you do not want to start home shopping until you've cleaned it up. Having items in collections or loans that have defaulted will not help you when you're looking for a mortgage.

Can you afford what you want to buy?

Take an honest assessment of your financial situation and determine whether or not you can afford what you want to buy. Look at what you have saved for a down payment, what you estimate repairs, utilities, and property taxes will cost, and from there calculate the amount you can afford to pay each month. Is this enough to buy you the house you want to live in for the next several years?

Hopefully this post has helped you as you contemplate buying your first Millburn-Short Hills, NJ home. If you do decide to buy a home now, do not hesitate to contact me for professional help with finding the perfect home for you and negotiating a reasonable price.

Elaine Pruzon
Coldwell Banker Residential Brokerage
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Negotiating tips for buying a Millburn-Short Hills home

You've found a Millburn-Short Hills home you want to make an offer on. Congratulations! These four tips will help your negotiation process go more smoothly. Negotiating can be difficult, especially if you haven't done it before. You want to pay as low of a price as possible, while the seller wants you to pay as much as possible. Check out these tips for negotiating a price for your Millburn-Short Hills home today:

Don't offer too little

The initial offer you make frames the whole negotiation. You want to go lower than the highest amount you're willing to pay, of course, but you don't want to go so low that it backfires. Low balling can anger a seller to the point where they are irritated by you or, at worst, refuse to negotiate further.

Get to know the seller

Find out as much as you can about the seller and the property. Why are they selling? Do they still live there, or have they already moved out? How long has the house been on the market? Have their been any other offers yet, and if so, how come they didn't pan out? This information will give you an idea of how urgently the seller wants to sell and, by extension, how much they will be willing to negotiate.

Make it personal

Sellers often make the mistake of letting their emotions get involved in their home sale. You can use this to your benefit! A seller has a lot of memories and emotions attached to the home. They want to know that it will be in good hands. Send the seller a letter telling a little bit about yourself and everyone who will live in the house. Outline why the house is a perfect fit for you. The idea might sound strange, but it can help!

Get everything in writing

Do not forget to get every little thing in writing. Will the dishwasher stay with the house? What about the washer and dryer? If yes, that needs to be in your contract. Will they clean up the scrap pile out back before you move in? Make it official. You definitely want a professional to help you with this part.

Hopefully these tips help make your negotiation process on your Millburn-Short Hills home go more smoothly. If you have any other questions, or would like to enlist me as your professional help, do not hesitate to ask.

Elaine Pruzon
Coldwell Banker Residential Brokerage
Visit My Website
See My Listings
Become My Fan on Facebook
Follow Me on Twitter
Add Me to Your Circle
Contact Me