Friday, July 6, 2018

Should You Pay Asking Price of Lexington MA Home?

In the competitive Lexington real estate market this summer, it’s still important for Lexington homebuyers to determine if the home they want to buy is worth the asking price. As your Lexington real estate agent, I’d hate to see you regret your purchase down the road! Here are some suggestions:

1.  Appraisal. Don’t skip an appraisal contingency. Find out what the home is worth, and try to negotiate a better deal if there is a large discrepancy.
2.  Home Inspection. A home inspection contingency will let you know what shape the house is in, and if any expensive repairs are in your future.
3.  Market Conditions. This will help you understand if the price is on par with the market. Comparable sales are important too, so you can see what other similar homes listed for and sold for.
4.  Amenities. More up-to-date amenities will yield a higher asking price. It’s up to you whether you’re willing to pay more for them!

All of this knowledge will help you negotiate a price. For home-buying assistance in the Lexington real estate market this summer, contact me, your Lexington real estate agent!

Theresa D'Antuono

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