Carla Ness' Blog
For homebuyers, a home inspection is paramount. This inspection enables you to look closely at a house and identify any problem areas. It also may force you to rethink your decision to buy a house, particularly if you discover a wide range of problems during the inspection.
Ultimately, it pays to consider your options following a home inspection. In fact, if you take an in-depth approach to potential home repairs, you can determine whether to ask a seller to complete these repairs before you finalize a purchase agreement.
Before you ask a seller to perform home repairs, there are several questions that you should consider, and these are:
1. How much will it cost to complete assorted home repairs?
A damaged roof is much more expensive to repair than a defective light fixture. Fortunately, if you assess the costs of potential home repairs, you can differentiate major home repairs from minor ones and plan accordingly.
If a home requires thousands of dollars in repairs, it may be worthwhile to ask a seller to complete these repairs. Otherwise, you'll be responsible for allocating the necessary time and resources to perform costly home repairs after you finalize your house purchase.
On the other hand, minor home repairs may be easy to handle on your own. If you feel comfortable completing minor home repairs, you may want to avoid submitting a request to a seller to perform these repairs. Because if you ask a seller to complete myriad minor home repairs, he or she may walk away from a potential home sale.
2. Are there any required repairs that must be completed right away?
Required repairs, i.e. repairs that will address hazardous conditions in a house, sometimes will need to be completed following a home inspection. These repairs include water penetration issues and local code safety violations.
If required repairs go unaddressed, your lender is unlikely to provide you with the financing that you need to acquire a house. Thus, you should request a seller complete these repairs as soon as possible.
3. Is it worth my time to ask a seller to complete home repairs?
There is no right or wrong answer to the aforementioned question, as every homebuyer and home seller is different. If you are uncomfortable with a house following an inspection, you should examine the inspection report and determine the best course of action. And if you feel that asking a seller to perform home repairs is essential, it is important to do just that.
Lastly, if you need assistance throughout the homebuying journey, it helps to work with an expert real estate agent. This housing market professional usually will attend a home inspection and help you assess a house. Plus, an expert real estate agent is happy to provide recommendations and suggestions to ensure you can make an informed home purchase.
Take the guesswork out of evaluating a house following an inspection – consider the aforementioned questions, and you can determine whether to ask a seller to complete home repairs after an inspection.
If you plan to pursue a house, you likely want to enjoy a seamless homebuying experience. Although you may take extra steps to err on the side of caution as you explore myriad homes, there may be times when it helps to be an aggressive homebuyer.
Ultimately, there are many reasons why you may want to be aggressive and try to accelerate the homebuying journey, such as:
1. You're facing a tight deadline.
If you have only a certain amount of time to buy a house, it may be a good idea to be aggressive. That way, you can accelerate the homebuying journey and acquire your ideal residence before time runs out.
For those who are facing a tight deadline, you may want to stay on top of new houses as soon as they become available. Fortunately, if you work with an expert real estate agent, you can do just that.
An expert real estate agent can keep you up to date about houses that fall within your price range and are located in your preferred cities and towns. As a result, this housing market professional can help you secure your dream house faster than ever before.
2. You discover your dream home and don't want to risk losing it to a rival homebuyer.
If you find a house that fulfills all of your homebuying criteria, there is no need to wait to submit an offer. In fact, if you hesitate, you risk losing your ideal residence to a rival homebuyer.
Of course, when submitting an offer on a house, it pays to be realistic. If you analyze the housing market closely, you can understand a house's current value and submit a competitive proposal right away. As such, you can boost the likelihood of receiving an instant "Yes" from a seller, as well as improve your chances of enjoying a successful homebuying experience.
3. You possess the homebuying confidence and expertise that you need to succeed.
An informed homebuyer should have no trouble assessing the housing market and finding a residence that matches or exceeds his or her expectations. Thus, this homebuyer may be more likely than others to quickly discover a terrific house at a budget-friendly price.
To build your homebuying confidence and expertise, it may be beneficial to collaborate with a real estate agent. This housing market professional can teach you everything that you need to know about purchasing a house. By doing so, a real estate agent will ensure that you can achieve the best-possible results throughout the homebuying journey.
Let's not forget about the housing market insights that a real estate agent can provide, either. A real estate agent can help you differentiate between a buyer's and seller's market, submit a competitive offer on a home and much more. Therefore, with this housing market professional at your side, you can go from homebuyer to homeowner in no time at all.
Ready to start your search for your dream house? Become an informed homebuyer, and you can speed up the homebuying journey.
Ready to enjoy a successful homebuying experience? Ultimately, becoming a resourceful homebuyer will make it easy to transform your homeownership dream into a reality.
A resourceful homebuyer possesses the skills and know-how needed to streamline the property buying cycle. Plus, this homebuyer will be better equipped than others to maximize the time and resources at his or her disposal and speed up the process of going from homebuyer to homeowner.
Now, let's take a look at three tips that you can use to become a resourceful homebuyer.
1. Know What You Want from a Home
You know that you'd like to own a house, but what are you looking for in your dream residence? As a resourceful homebuyer, you'll know exactly what you'd like to find in the perfect home. That way, you can narrow your home search.
Creating a checklist of dream home "must-haves" usually is a great starting point for a resourceful homebuyer. This checklist will enable you to determine what features you want in your ideal residence.
In addition, keep in mind that every house has its pros and cons. And if you set realistic homebuying expectations from the get-go, you'll be able to boost your chances of finding a home that can serve you well for years to come.
2. Take Advantage of Housing Market Data
There is no shortage of housing market data available. With this information in hand, you should have no trouble entering the housing market with the resources that you need to succeed.
Examine the prices of available houses in cities or towns where you'd like to live. By doing so, you can better understand how much it will cost to acquire your dream residence.
Also, check out the prices of recently sold houses in areas that you're considering. This housing market data will help you differentiate between a buyer's market and a seller's one and ensure you can map out your homebuying journey accordingly.
3. Collaborate with a Real Estate Agent
Even a resourceful homebuyer knows his or her limitations. Luckily, real estate agents are available nationwide, and these housing market experts can help homebuyers fill in the gaps along the property buying journey.
A real estate agent understands the ins and outs of purchasing a great home at an affordable price. This housing market professional will set up home showings for you, keep you up to date about new residences as they become available and negotiate with property sellers on your behalf. Furthermore, he or she is happy to respond to any homebuying concerns and questions at any time.
Let's not forget about the confidence that a real estate agent provides to a homebuyer, either. A real estate agent will help you seamlessly navigate the property buying journey. Thus, he or she will simplify the process of acquiring a top-notch residence that matches or exceeds your expectations.
Start your homebuying journey today – use these tips, and you can become a resourceful property buyer.
Looking to move out of a big city? Relocate to a small town, and you can enjoy the simple joys of small town life.
Many people prefer the small town lifestyle, and for good reason. In a small town, you won't have to worry about excess traffic or noise. Plus, many homes are available in small towns nationwide, ensuring you should have no trouble discovering a wonderful residence without having to worry about breaking your budget.
Kick off your search for a small town home today – here are three tips to help you secure a terrific small town house.
1. Study the Local Housing Market Closely
What are you looking for in a small town home? Ultimately, you'll want to consider exactly what you'd like to find in a small town house before you conduct your search for the ideal residence.
Creating a checklist of must-haves is essential. With this list, you'll be able to examine available homes in a small town and narrow your search accordingly.
Also, don't forget to examine the prices of recently sold houses in a small town. This housing market data will enable you to differentiate between a seller's market and a buyer's market.
2. Get Financing Before You Start Your Home Search
Can you afford a small town home? It all depends on the financing at your disposal.
Meet with several banks and credit unions to explore your mortgage options. That way, you can learn about fixed- and adjustable-rate mortgages and obtain financing.
If you ever have concerns or questions about home financing, be sure to ask a lender for assistance.
Remember, banks and credit unions employ mortgage professionals who are happy to help you in any way they can. These mortgage experts can teach you about different types of mortgage and offer personalized mortgage recommendations, ensuring you can get the financing you need to make your homeownership dreams come true.
3. Collaborate with an Experienced Real Estate Agent
When it comes to the real estate market, it is always better to err on the side of caution. Fortunately, real estate agents are available in small towns and big cities alike and will do whatever it takes to help you find a great house.
Hiring an experienced real estate agent who understands the properties that are currently available in a small town is vital. This real estate professional will offer tips throughout the homebuying process, guaranteeing that you can make informed decisions at every stage.
Perhaps best of all, an experienced real estate agent will take the guesswork out of buying a small town home. He or she will set up home showings and open houses, keep you up to date about new properties as they become available and negotiate with home sellers on your behalf. As a result, this real estate professional will streamline the process of going from homebuyer to homeowner.
Take the next step to acquire a home in a small town – use these homebuying tips, and you can locate a small town home that can serve you well for years to come.
The homebuying process may prove to be challenging, particularly for individuals who fail to anticipate potential problems. Lucky for you, we're here to help you identify and address homebuying hurdles before they escalate.
Now, let's take a look at three tips to ensure you can seamlessly anticipate and overcome homebuying hurdles.
1. Learn About the Housing Market
The real estate market can be complex. Fortunately, an informed homebuyer should have no trouble resolving potential problems early in the property buying journey.
Examine a wide range of housing market data – you'll be glad you did. Look at the prices of recently sold houses – as well as the prices of available residences – in your preferred cities and towns. With this housing market information, you'll be better equipped than ever before to differentiate a buyer's market from a seller's one and plan your homebuying journey accordingly.
2. Get Home Financing
If you intend to pursue a house, you likely will need a mortgage. Thankfully, banks and credit unions are available to help you obtain a mortgage in no time at all.
Ultimately, it helps to get pre-approved for a mortgage. If you enter the housing market with a mortgage in hand, you can narrow your house search to properties that fall within your price range. And as a result, you could speed up the process of finding and buying your dream house.
When you meet with lenders, don't hesitate to ask lots of questions, either. If you allocate time and resources to learn about all of your home financing options, you can determine exactly which option is right for you.
3. Employ a Real Estate Agent
There is no need to pursue a house on your own, regardless of whether you're an experienced or first-time property buyer. But if you employ a real estate agent, you can work with a homebuying expert who can help you make your homeownership dream come true.
A real estate agent understands what it takes to find a great house at an affordable price. He or she can teach you about the housing market and help you make informed decisions at each stage of the property buying journey. Perhaps best of all, a real estate agent can prepare you for potential homebuying hurdles and ensure you can quickly address these issues.
Let's not forget about the assistance that a real estate agent provides as the homebuying journey progresses as well. A real estate agent will set up home showings, help you weigh the pros and cons of different houses and ensure you can submit an offer to purchase your dream residence. And as you approach the date of your home closing, a real estate agent will offer tips and recommendations to ensure you can finalize your house purchase without delay.
Want to avoid homebuying hurdles? You're not alone. But with the aforementioned tips, you can identify and overcome various homebuying hurdles and effortlessly navigate the property buying journey.