How Can I Get a Great Deal on a Home in St. George?

Because buying a home is such a major investment, it should come as no surprise that most buyers are concerned with getting a great deal. Whether you're on a tight budget or simply want to make the most of your investment, here's what you can consider to be confident you're getting a great deal when you buy a home in St. George. 

Understanding the Local Market

An expert understanding of the local real estate market is key to knowing if you're getting a good deal on your home. This is why we can't overemphasize the need to work with a realtor who knows the market.

Understanding the St. George housing market is essential before making an offer. To gauge whether a home is priced fairly, we will help you:

• Look at recent home sales in the area (also called “comps”).
• Pay attention to price trends—are home values increasing or stabilizing?
• Compare price per square foot to similar homes.

Look at the Condition and Potential Costs

A bargain price for a home can be misleading. While the purchase price may be low, and the price per square foot may be appealing, if the condition of the home is poor or the upcoming maintenance is costly, you may end up spending more to get that "bargain price" home. 

A home that seems like a great deal might come with hidden costs. Before buying, factor in:

• The age and condition of the roof, HVAC system, plumbing, and electrical work.
• The cost of any renovations or repairs you may need.
• The results of a professional home inspection.

Look at the Neighborhood

In any real estate investment, you have to factor in the location. A home’s value isn’t just about the property itself—it’s also about location. Consider:

• Proximity to schools, parks, shopping, and healthcare.
• Whether the neighborhood is growing and expected to appreciate in value.
• The potential impact of future developments in the area.

Pay Attention to the Professional Appraisal

If you’re using a mortgage to buy your home in St. George, your lender will require an appraisal. This ensures the home’s value aligns with the purchase price. If the appraisal comes in lower, you may have room to renegotiate. An appraisal acts as a safeguard to make sure you are not overpaying for your home. 

Negotiate Wisely

We help our clients carefully negotiate a deal, looking beyond just the purchase price to find terms that truly make it a "good deal." 

Even in a competitive market, there’s often room for negotiation. You can strengthen your position by:

• Making a competitive but reasonable offer.
• Asking for seller concessions, such as covering closing costs.
• Being flexible on closing dates to appeal to the seller.

Erika Rogers says, "Feeling confident about your home purchase in St. George comes down to doing your research, working with the right professionals, and understanding the market. By taking these steps, you can ensure that you’re not only getting a fair deal but also investing in a home that meets your needs for years to come."

When you're ready to look for homes for sale in St. George, we're here to lend our local market expertise. Contact us any time to get started.