Don't shop for a home on price alone!

Right now, listing prices on homes can be particularly confusing.

Today's buyer has a one-track mind when it comes to shopping for a lake home at Lake of the Ozarks; price, but it might lead them in the wrong direction.

"There are certain expectations now, Buyer’s think, 'In this economy, I should be able to get X home at Y price."

There's nothing wrong with a bargain, except that obsessively focusing on price can divert you from other key considerations, like whether a home suits your family’s particular needs.

As a Buyer, now more than ever, you need a Realtor working for you. Hire an experienced Buyer’s Agent!

Don't enter a home knowing the list price. Instead, ask your buyer’s agent to show you properties within your affordability range. Judge the homes on their respective merits, and then ask your Buyer’s Agent for help determining a reasonable purchase price.

I know it’s hard to disregard the list price. But, I would like home shoppers to at least be aware that a home price can play tricks on their minds, influencing how they judge the worth of a property.

Right now, listing figures can be particularly confusing, for one thing, some "vanity" listing numbers are too high, because agents are pacifying sellers' insistence that their home is worth a certain amount. On the other hand, sometimes list prices are realistic.

The takeaway: A higher home price tag doesn't translate into a "better" home. Judge properties on what suits your family’s needs. Then, with the help of your Buyer’s Agent, determine a fair purchase figure through a vigorous analysis of the most recent sales and sales contract prices on similar properties in the Lake of the Ozarks area.

The Fran Campbell Team has 5 experienced Buyer’s Agents ready to help you purchase your next lake home at Lake of the Ozarks, Call us today at 573-302-2390!

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