Anne Spry's Blog
If you intend to buy a house, you probably will check out a lot of home listings over the next few days and weeks. However, it is important to note that not all home listings are created equal, and how you analyze home listings may dictate your homebuying success.
Ultimately, there are several factors that homebuyers need to consider as they assess home listings, and these factors include:
The price of a home is one of the key factors – if not the most important factor – that a homebuyer needs to consider in a home listing. Because if you ignore a home's price, you risk wasting precious time and resources as you pursue a home that falls outside your price range.
When it comes to buying a home, it pays to develop a budget ahead of time. That way, you'll know how much you can spend on a residence and can tailor your home search to fit your budget.
You may want to get pre-approved for a mortgage prior to looking at home listings as well. By doing so, you can enter the housing market with a budget in hand and explore available residences that won't force you to spend beyond your means.
Are you looking for a fixer-upper or a brand-new residence? Take a look at a home's condition, and you can determine whether a particular residence is right for you.
Oftentimes, a decades-old residence may require myriad upgrades. This means you may need to allocate significant time and resources to enhance the condition of an old house after you finalize your home purchase.
On the other hand, it is essential to remember that a new house may prove to be more expensive than an old residence. And if you're on the lookout for a bargain, you may want to shy away from listings for brand-new houses.
Creating a list of must-have home features is ideal, as this will enable you to narrow your search for your dream residence.
For instance, if you want a home that has a big swimming pool, you can browse home listings accordingly. Or, if you would like to buy a house that is located near some of the nation's best schools, you can focus on home listings in cities and towns that feature top-rated schools.
If you want to streamline your home search, it usually helps to look beyond home listings. Fortunately, real estate agents are available to help you accelerate your search for the perfect residence.
A real estate agent understands the ins and outs of the housing market. He or she will learn about your homebuying goals and provide you with the latest home listings. Then, a real estate agent will work with you to simplify your home search and ensure that you can discover a terrific residence at an unbeatable price.
Take the guesswork out of reviewing home listings – use the aforementioned tips, and you can quickly evaluate a wide range of home listings and find your dream house.
If you're ready to pursue your dream house, it generally is a good idea to enter the real estate sector with an open mind. In fact, there are many benefits to keeping your options open as you search for your ideal residence, and these benefits include:
1. You may be able to discover a bargain.
As you kick off your home search, it helps to pursue houses in a wide range of cities and towns. Doing so can help you separate your dream home must-haves from your wants. Also, this may enable you to find an affordable residence that matches or exceeds your expectations.
There is no telling whether a real estate market will favor buyers or sellers. The housing sector fluctuates constantly, and a buyer's market today may morph into a seller's market tomorrow.
Luckily, if you maintain an open approach to buying a house, you can remain patient as you search for your perfect residence. Perhaps most important, you can capitalize on homebuying opportunities as they become available and avoid the temptation to overspend on a house.
2. You can move quickly to acquire your dream residence.
With an open approach to the homebuying journey, you should have no trouble moving quickly to acquire your ideal residence. If the opportunity presents itself to buy a great house at a terrific price, you can submit an offer and proceed accordingly.
Of course, you should always think ahead before you submit an offer on any house, at any time. If you put together a competitive offer on a residence, you may receive an instant "Yes" from a home seller. Then, you can seamlessly finalize your home purchase and move into your dream residence.
3. You can minimize stress throughout the homebuying journey.
Buying a home is a major decision, and as such, stress can be problematic throughout the homebuying journey. If you are open to new ideas as you pursue a home, however, you may be better equipped than ever before to purchase your perfect residence.
Remember, stress may force a homebuyer to make rash decisions – something that a homebuyer probably wants to avoid at all costs. But if you're willing to take a deep breath and step back from the homebuying cycle at times, you can look at the big picture. And as a result, you can remain calm, cool and collected as you consider all of your homebuying options.
For those who are looking for extra help in their pursuit of the perfect home, it may be beneficial to hire a real estate agent too. This housing market professional can share details about a broad array of houses in cities and towns where you want to live. Plus, a real estate agent can keep you informed about new residences as they become available, help you submit offers on houses and much more.
Make your homeownership dream come true – take an open approach to the homebuying journey, and you may be able to accomplish your homebuying goal faster than ever before.
If a seller approves your offer to purchase his or her house, conducting a home inspection likely will be the next step of the property buying cycle. Although you may have the option to forgo a house inspection, you should not avoid this evaluation. Because if you forgo a home inspection, you may wind up purchasing a house that fails to meet your expectations.
Ultimately, there are many reasons to perform a house inspection before you finalize a home purchase, and these reasons include:
1. You can gain deep insights into a house's condition.
A home showing enables you to get an up-close look at a residence so you can determine if a residence is right for you. Meanwhile, an inspection goes one step beyond a showing, as it allows you to work with a property expert to analyze all aspects of a house.
During a home inspection, a property expert will walk through a house and analyze the residence's underlying condition. Then, this property expert will provide an inspection report that details his or her findings.
It is important to assess an inspection report closely. That way, you can learn about a home's condition and decide whether to continue with a house purchase.
2. You can review potential property repairs.
If you want to identify potential house repairs, a home inspection is key. If you conduct a home inspection, you can find out about possible property repairs, review the costs associated with them and plan accordingly.
Of course, if the costs of home repairs are significant, you may want to request a price reduction from a house seller. On the other hand, if various home repairs are simple to complete on your own, you may want to proceed with a home purchase.
3. You can make the best-possible homebuying decision.
Let's face it – buying a home may be one of the biggest decisions you will make in your lifetime. If you make a poor decision, you may suffer the consequences of your choice for an extended period of time.
Thanks to a home inspection, you can gain the insights you need to make a data-driven home purchase. Best of all, you can use a home inspection to perform a full analysis of a house and feel good about your decision to buy a residence.
As you get ready to pursue a house, you should hire a real estate agent as well. This housing market professional can help you prepare for a house inspection and complete other homebuying tasks.
For example, a real estate agent will attend a home inspection with you. And after a home inspection is finished, you and your real estate agent can review the inspection results together. Finally, your real estate agent can offer an honest, unbiased recommendation about how to proceed following a house inspection.
Ready to find and acquire your dream home? Conduct an inspection as part of the homebuying process, and you can learn about a house and determine whether a residence matches your expectations.
If you want to enjoy a successful homebuying experience, it may be beneficial to hone your house search to residences in a select group of cities and towns. That way, you can speed up the process of finding and buying your dream residence.
Now, let's take a look at three tips to help you narrow your house search.
1. Review Your Short and Long-Term Goals
Consider your immediate and long-term goals. By doing so, you can focus on finding a home that falls in line with your aspirations.
For instance, if you want to work in the big city, you may want to search for residences in or near the city itself. On the other hand, if you have children, you may want to explore houses near top schools and parks.
Be flexible as you consider homes in assorted cities and towns, too. If you are open to homebuying opportunities in different areas, you may be able to quickly find a great residence at a budget-friendly price.
2. Obtain a Mortgage
With a mortgage in hand, you'll know exactly how much you can spend on a house. Then, you can narrow your home search to residences that correspond to your budget.
Meet with a variety of banks and credit unions, and you can get pre-approved for a mortgage. Banks and credit unions employ friendly, knowledgeable home financing specialists, and these professionals can help you determine which type of mortgage will suit you perfectly.
Also, you may want to ask questions as you review your mortgage options. Home financing specialists at banks and credit unions are happy to reply to your mortgage questions, and ultimately, help you make an informed mortgage selection.
3. Consult with a Real Estate Agent
Finding a home in a particular city or town may be tough, especially if you try to navigate the real estate market on your own. Conversely, if you hire an real estate agent, you can get the help you need to discover your dream house.
A real estate agent is a homebuying expert who will go above and beyond the call of duty to transform your homeownership dream into a reality. He or she first will learn about your homebuying goals and budget. Next, a real estate agent will provide you with details about available homes in myriad cities and towns. A real estate agent then will help you kick off a home search so you can locate your ideal house.
Of course, once you discover your dream home, a real estate agent will help you submit a competitive offer to purchase this residence as well. And if your homebuying proposal is accepted, a real estate agent will devote the necessary time and resources to ensure you can immediately finalize your home purchase.
Take the guesswork out of finding your dream residence – use the aforementioned tips, and you can boost the likelihood of acquiring a terrific house that you can enjoy both now and in the future.
When your family is searching for a home, it’s an exciting time for the adults, but if there are children involved, it can be a difficult task. Children don’t have to be left in the dark during a home search. Children of all ages can be involved in the process of finding a home. Read on for tips on how to make your kids feel a part of the home search process.
Preschool-aged children might seem not to be aware of the fact that your family is searching for a home, but they can still very much be a part of the process. One thing to remember about young children is that you shouldn’t give them too many options. Once you have narrowed down the homes to a few and the time to buy a home is close, it’s a good time to tell your toddler about the fact that you’re moving. While you probably don’t want to take your kids along with you on all of your home viewings, you can bring the children with you. Even the opinions of the tiniest among us can help contribute to a final decision.
Older children may be more challenging to deal with during a move. These kids are more aware of the changes to come and maybe more reluctant of the entire process. It’s best to include children this age (around 6-9 years old) in conversions about your plans. Where do you hope to move? What neighborhood will the home be? Show them pictures of potential new homes. Allowing kids this age to share their thoughts on location and the types of houses you’re looking at can help to ease fears and anxieties. Remind your kids that the final choice is up to the adults but that you appreciate and welcome their input.
Older Children And Teenagers
Pre-teens and teenagers can play a part in the house search. Make sure that they understand that there’s no pressure on them to pick a house but their input is essential to you. Teens are tweens should be encouraged to come along on house tours to help give an opinion on the properties in person.
The older the kids that are involved, the more you should value and welcome your input. Make sure that you reassure your teens, letting them know that they can continue their favorite activities. Do a little research on the new community first, or allow your kids to do a bit of research themselves.