ALLEN TATE ROCK HILL

Rock Hill SC and Surrounding Area Real Estate Resources

Article

Price is NOT the only consideration in a buyers market

Home buying today - focus on value

Home prices are down and the number of properties for sale are higher in York County SC than in 2008. You may have read a lot of articles and blog posts about now being a great time to buy. While the consensus is that it is indeed a great time to buy a home, it is still important to maximize value when making a real estate purchase.

Many buyers focus on price, pointing to an example home that was priced at $200,000 and now can be purchased for $180,000. However, in some cases, they are missing the point of finding value. While 'saving' $20,000 on the purchase of a home is great, consider whether that $20,000 could be used more effectively another way. Would spending that money allow the purchase of a similar home in a "better" neighborhood, a larger home, or a home with better amenities like a 2 car garage or an extra bedroom and bath?

Remember that buying a home in a down market should be about getting the best value for your money, not necessarily the lowest price. Homes prices will go up again. In Rock Hill and Fort Mill, history tells us that the homes that will appreciate the quickest, and have the highest values are the ones that are in the most desirable neighborhoods, with the most sought-after features. Purchasing a home in this buyers market provides an opportunity not only to enjoy a new home today, but to reap the rewards of appreciating values in the years to come.