Wilkinson Era Real Estate

Bargain Shopping Tips

by Mundy Bringuier 09/01/2019

Binge watching Fixer-Upper might leave you wondering where, in your locale, can you find you find those fantastic antiques and artwork without totally breaking the budget. Never feel, there are lots of options no matter where you live to add in some of those unique designer pieces.

Antique markets

Mastering the art of true antiquing is an expensive and time-consuming process. Training, research, practice, and pure luck stumbling on the perfect "find" might not be within your bailiwick. Wandering through local antique stores might leave you wondering how anyone affords this stuff. The antique mall, however, might be the ticket. A collection of small antique shops or stalls, you'll likely find better pricing there than a private antique store. That’s because two or more vendors may have the same or similar wares and they’re willing to haggle a bit to get your business.

Thrift stores

Bargains to be had at thrift stores are not just for lower-income households. Many thrift stores, especially those that benefit charitable causes, receive goods from upscale homes, leftovers from estate sales and the like. Are you looking for a collection of brass candlesticks? You'll probably score if you visit two or three thrift stores. It might take a little muscle to clean them up, but you'll have a look you want, and for less! 

Buy-back and overstock outlets

Not to be confused with an online retailer of the same name, a true overstock outlet or buy-back store purchases lots (as in by the pound) of out-of-season clothing and items returned to regular retailers in unsellable condition. In addition to clothing, you'll find housewares, dishes, linens and bedding, electronics, and random artwork, decorator items, and frames. It may take a little time, but a quick perusal through a local outlet every other week or so can net some significant finds for your home.

Garage sales

Who doesn't love a garage sale? Well, lots of folks, but you might find what you want. Some municipalities have city-wide garage sales, so check with your city's website to find out the dates in your town and other towns nearby. Plan for a day of it and you might find a treasure in someone else's junk.

Online Marketplaces

Upcycle, Facebook Marketplace, and Craig’s List are all places to look for those random pieces to finish out your décor. When searching, don’t limit yourself too specifically since the seller may not actually know the name of what they’re selling. Want a Hummel figurine? Try the word “statue” or even “knick-knack” when using the search function. Remember to take delivery of items in person in a safe location (or bring someone with you) and never give out a credit card number or send cash or wire transfers for items purchased from sites like these.

Your local real estate professional can be a resource for garage sale events or local thrift fairs and markets in your new community.

About the Author
Author

Mundy Bringuier

 

When Buyers ask why I need a REALTOR®, here is my response....... with 19 years of experience. For one thing we have the experience, we know the pit-falls, and we know what to look out for when something doesn’t look right from experience.

A REALTOR® with experience is PRICELESS. A REALTOR® is well worth the money that you don’t pay. We can save you from losing money, there are many things that can go wrong (“Time is of the Essence”) in a contract, which means you make one mistake, miss a date on contract it can cause the contract to be terminated and can lose your Ernest Deposit Money which can be devastated to any buyer especially a first time home buyer.

A REALTOR® job is to protect you to the best of their ability, look out for your best interest, be loyal to you, provide you with all material facts that could influence your decision(s), follow your lawful instructions, keep confidential information confidential and to help you negotiate the best price.

Here are some things you may not be aware of: in just one purchase transaction:

  1. There are nearly 300 communications that takes place between, the seller(s), agents, attorney, lender, inspectors, insurance companies, surveyors, appraisers with emails, text, faxes and phone calls.
  2. Nearly 400 documents/pages, all of which have significant consequences if you don’t fully understand.
  3. Review of documents/Insure accuracy: Offer to Purchase and Contract, HOA documents (covenants & restrictions), Loan package, Addendums, Property Disclosure Statements, Attorney documents, Review the final financial statement (HUD-1) to insure you get every penny that is due you.
  4. Coordinate all events: starting making appointment to show properties, home and termite inspections, surveyors, appraisers, repairs to be done, closings. The list goes on of probable unforeseen things that may come and they do come up that needs to be handle to keep everything running smooth and to help prevent the contract from being terminated.
  5. If the purchase transaction doesn’t close it can be devastating to all parties involved in the transaction. There is consist communication with the lender and the attorney.

It is the REALTOR®’s job in represent the buyer to accomplish all of the above and to do what’s best for the buyer and it doesn’t cost the buyer one penny.

Bottom line.... Get a REALTOR® to represent you, I course I would hope you choose me but whether you choose me or another REALTOR®, get yourself a REALTOR®, after all purchasing a home is not something you do every day, twice a year or even once a year. We do, it’s all we do every day, all day.

As for New Construction:

A common misconception when purchasing new construction is that you don’t need a

REALTOR®. Ask any sales agent working for the builder and the answer you'll get (guaranteed) is that you don't need a REALTOR®, they can take care of everything. This may be true but it doesn't get you personal representation that all buyers should expect and have.

A good question to ask is, "Who will represent me?" Now the answers come down to, "We will...." Think about it, these representatives are employed by and responsible to the builder. Why would someone believe that the potential for a "conflict of interest" doesn't exist?

Case in point, "Do I need an inspection?" The answers provided by the builder is, no, we inspect and do several reviews of the property before you take ownership and you have a "full one year warranty" that covers w, x, y, & z.

Any REALTOR® representing you will tell you that you should have a personal structural inspection conducted even with new construction. Some of the issues identified with our new construction inspections include: missing roof tile, black mold in the attic, sealed vents, faulty smoke detectors, wiring violations, foundation, structure issues, etc. These are the types of problems that the normal home owner may not identify for years beyond the warranty. Now who benefits from being told that an inspection is not necessary?

When buying new construction, having a REALTOR® that represents you personally is a huge benefit from negotiations, asking important questions, monitoring the building process, etc.  The choice is yours, but wouldn't it make sense to protect yourself with personal representation?

Also make sure your REALTOR® accompanies you on EVERY first visit of new builder viewings, as the builders will not take kindly if you view their models without your agent and you may lose your agents representation if you decide to purchase from them.
Choose an experienced REALTOR® when working with new home builders, because every builder is different and each situation is unique, you want someone on your side guiding you step by step through the process and making sure the builder is doing their part in the transaction.

One last comment: It is a common misconception that not using a REALTOR® when buying new construction will save you money. Builders have their fee to the REALTOR® budgeted separately from the house price. So it’s not costing you in the price of the house.

When a buyer does not use a Buyer agent (REALTOR®), the builder pays their sale represented a higher commission, pockets the saving or throws it into their marketing budget.

So instead of asking yourself, “Why should I use a REALTOR®?” the real question is,

“Why wouldn’t you hire a REALTOR®?” At no cost to you, hiring an agent will save you

time today and money tomorrow.

The decision is yours, I'd be honored for the chance to help you. Please call or e-mail me for an appointment that's easy and convenient for you. Thanks for stopping by. I'm looking forward to hearing from you.

Mundy Bringuier, Broker/REALTOR®

PS: Hablo Espanol