Visit the Shaks
Did you know?
8 in 10 homeowners expect the value of their homes to go up either "a little" (55 percent) or "a lot" (26 percent) in the future.
Recognized by PC Magazine as one of their top ten most useful sites!
Buying your first home is an amazing experience- if you know what you’re looking for and if you find it. But, if you’re not prepared for what you have to go through, it can be difficult. A real estate agent will help, but there is a lot of prep that you as a buyer need to do first. This post from Kim Knapp at the Coldwell Banker blog will help ready you for the home buying process:
-Decide what features you will be looking for
-Be realistic- no home is perfect.
-Get your finances in order
-Don’t ask too many people for opinions- it’s YOUR home.
-Decide on a timeline
-Think long term
Being a real estate agent is great! You employ yourself, set your own hours, and your income is usually a reflection on how much time you put into it (depending on the market). However, one of the more annoying sides of being a realtor is that you have to renew your license each year. There are many types of continuing education requirements that real estate agents have to complete. In the end though, it makes the agent better off, and benefits the consumers as well. This post by Ed Silva at Active Rain explains why:
The intent is to keep real estate professionals sharp and up to date with technology changes, as well as providing classes to educate in areas that might be consistent with the sensitivities of the home buying public. At least once in every 4 year cycle, agents must take a mandatory code of ethics class as a refresher in our obligations to our clients, our business and to ourselves.
Realtors are absolutely essential to the home buying (and selling) process. Though some with a tight grip on their wallets may be reluctant to hire one, in the end, they will save you money with their knowledge. They know how much a house should cost, and if you’re getting suckered by buying one that isn’t worth it. That is, if you find the right one. But how do you go about selecting a realtor? You need one that knows what they’re doing, and one that fits your needs. This guide by Vicki Duong at HouseHunt.com will help:
Plan Your Search- As a home buyer, the first thing you should do before you even start looking for a real estate agent is to know exactly what you’re looking for and what you need. The worst thing you can do is choose an agent when you’re still undecided on a location in your area or the number of bedrooms and bathrooms you need.
Start looking- ask family and friends for referrals, or use Google to learn about local agents.
Interview potential Realtors- Research and talk to three to five agents and narrow down your choices. Make sure you have some basic questions and concerns to ask potential agent
When we were looking for our current home, we looked at a few different houses before finding the right one that fit for us (like most people). Some of the ones that didn’t make the cut were in an inconvenient location. Some had design issues. These are both pretty normal reasons to not buy a house. However, one of the ones we looked at belonged to what had to have been a hoarder. You’ve probably seen the TV shows (or maybe you know someone in real life). The home had clutter everywhere, bags of trash lying all over the place, and I swear I’ll never forget that smell. The realtor admitted that it would require one of those large-scale clean up crews to come in before it would be liveable, which was a shame because the house was gorgeous. Needless to say, it immediately turned us off. As a real estate agent, attempting to sell a hoarder home (or even just a highly cluttered one) is going to be difficult. However, it is possible if you find the right buyer. These tips by Bill Gassett at Max Real Estate Exposure will help:
-Try to declutter before showing. It’s going to be a hurdle, but it will bring in SO many more buyers.
-Rent a storage space- temporarily store your junk—err, belongings,– to keep it out of the way.
-Get rid of garbage- you can rent a dumpster if you have a lot. It’ll pay off!
-Get a professional cleaning- sometimes, it can be too much to handle.
-Emphasize strong suits- take the focus off the clutter, and point out your gorgeous yard, updated fixtures, and any other advantages your home has over others.
-Take the right pictures
I’m sure many of us have been in this situation before…but with cars. At a certain point, maintenance and repair costs can outweigh the actual value of the car. It may be cheaper to just buy a new one (or a used one). Well, sometimes the same happens with a home. However, unlike cars, homes appreciate in value. Therefore, the American ideal is usually to buy, live in it a while, wait for value to increase, then sell for a greater profit. However, since the housing downturn, homes haven’t been getting as valuable and selling is a little harder. So, should you try to move out? Or just remodel (since it increases value)? This post by Michael Lewis at the Money Crashers blog may help:
Relocating: Advantages: gives you a fresh start, you become more focused on your family as you adjust to new surroundings, familiar financing options, favorable tax consequences. Disadvantages: High transaction costs, logisitcal hassles (aka- moving sucks.)
Remodeling: Advantages: It’s cheaper, more stable, and more familiar. You can also use the opportunity to customize your space exactly how you want. Disadvantages: Impractical if you are trying to downsize, difficult to finance, construction hassles.
Look at all the pros and cons and decide what is best for your family, lifestyle, and budget!
Buying a home can be a rush, especially if you”re a first time buyer. It’s tempting to instantly buy the first thing you fall in love with– but that can sometimes be a mistake! Impulse buying on a house is even worse than impulse shopping. There are plenty of things to consider before making an offer; just check out this article by Jessie Hall at Veterans United! (Just be sure to not go too far in the other direction and immediately shoot down every home before giving it a chance)
-Does it fit in your budget?- overspending on a house can be catastrophic to your finances. Get pre-approved and practice making mortgage payments.
-Are you paying a fair price? Hire an agent to help you- it will save you in the end!
-Is the location right for you? Consider commutes, schools, and neighborhood.
-Go with your gut. Always trust your instincts.
Shak & JillInterested in Real Estate? We're glad you're here.
Get your Arizona Home Warranty from American Home Shield
Keep your shack in style with a home cleaning from Merry Maids
Traditional and Contemporary Japanese Tansu by Greentea Design.
Meet JillLearn all about Jill, our savvy Real Estate guru.