Team Wheeler's Blog
If you find lots of great homes are available and cannot decide which residence to buy, there is no need to stress. Rather than submit multiple offers to purchase various houses, you should hone your home search. By doing so, you can discover the right residence, at the right price.
Now, let's take a look at three tips to help you narrow your home search.
1. Define Your Dream Home
Think about the features you want in your dream home. Then, you can make a list of "must-have" home features and search for residences that offer these features.
Furthermore, consider where you want to reside. If you prefer big city living, for example, you may want to focus exclusively on city houses. On the other hand, if you want to reside in a small town, you can search for residences in myriad small towns.
2. Conduct a Preliminary Housing Market Review
Let's face it – searching for a home can be overwhelming, regardless of whether you are a first-time or experienced homebuyer. But if you perform a preliminary housing market review, you can get a good idea about the volume and quality of available residences. Next, you can use this real estate market information to map out your homebuying journey.
Of course, it may be beneficial to attend open house events as well. These events enable you to get an up-close look at assorted residences. They also can help you understand the features you want in your dream house so you can further refine your home search.
3. Consult with a Real Estate Agent
When it comes to navigating the housing market, it helps to have a real estate expert at your side. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help you acquire a superb residence at an affordable price.
A real estate agent understands what it takes to help you find a quality home that won't force you to break your budget. First, he or she will learn about your homebuying goals and teach you about the real estate market. A real estate agent next will help you analyze the real estate market and explore a broad range of houses. And once you find a house you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.
Let's not forget about the guidance a real estate agent provides throughout the homebuying journey, either. Purchasing a house is no small feat, and a real estate agent will take the guesswork out of the homebuying cycle. Best of all, a real estate agent can respond to your homebuying concerns and questions at any time.
If you want to discover a home that matches your expectations, it helps to plan ahead for the property buying journey. By taking advantage of the aforementioned tips, you can streamline your house search and find your ideal home faster than ever before.
Creating an offer to purchase a home may require several minutes, hours or days – it all depends on the buyer. Fortunately, there are many things you can do to accelerate the process of putting together a homebuying proposal that will get a seller's attention. These include:
1. Study the Housing Market Closely
When it comes to preparing an offer to purchase a house, there is no need to leave anything to chance. If you analyze the real estate market closely, you can gain the housing sector insights you need to craft a competitive homebuying proposal.
Take a look at the prices of recently sold houses in your area, along with how long these residences were available before they sold. With this information in hand, you can determine whether the current housing market favors buyers or sellers and craft your offer to purchase accordingly.
Analyze a house's age and condition as well. By doing so, you can account for the state of a house as you put together an offer to purchase.
2. Maintain Flexibility
Although you may be in a hurry to acquire your dream residence, a seller may need time to find a new place to live. As such, you should maintain flexibility as you craft your offer to purchase and be ready to accommodate a seller's requests.
Ultimately, it is important for a home sale agreement to meet the needs of both a buyer and seller. If you consider the seller's perspective as you create an offer to purchase, you may be better equipped than ever before to craft a homebuying proposal that works well for both you and a seller.
3. Collaborate with a Real Estate Agent
Let's face it – creating an offer to purchase a house can be challenging, particularly for a buyer who is putting together a homebuying proposal for the first time. Lucky for you, real estate agents are available nationwide who can help you craft a competitive offer to purchase in no time at all.
A real estate agent is happy to provide you with homebuying insights you may struggle to obtain elsewhere. He or she can offer recommendations and suggestions as you prepare a homebuying proposal. Plus, a real estate agent can help you submit an offer to purchase and negotiate with a seller's agent on your behalf.
Let's not forget about the support a real estate agent provides after you submit an offer to purchase, either. If your homebuying proposal is approved, a real estate agent will help you finalize your house purchase. Or, if your offer to purchase is rejected, a real estate agent will help you reenter the housing market so you can discover your dream house. In the event a seller counters your offer to purchase, a real estate agent can help you determine the best course of action, too.
Ready to submit an offer to purchase your ideal residence? Use the aforementioned tips, and you should have no trouble submitting a competitive homebuying proposal and acquiring your dream house.
A home inspection is a key part of the property buying process. If you fail to allocate the necessary time and resources to conduct an in-depth inspection, you may struggle to identify various home problems before you finalize your property purchase. And if you cannot identify such issues, you risk buying a home that may require costly, time-intensive upgrades in the foreseeable future.
Ultimately, there are many things that you can do to ensure that a home inspection provides you with the insights you need to determine whether to proceed with a home purchase. These include:
1. Hire an Expert Home Inspector
A home likely is one of the biggest purchases you'll make in your lifetime. As such, there is no need to leave anything to chance, especially when it comes to conducting a house inspection. But if you hire an expert home inspector, you can get the support you need to conduct a comprehensive property inspection.
Look for a home inspector who possesses extensive experience. Also, you may want to ask a home inspector for client referrals before you make your final hiring decision. If you get in touch with a home inspector's past clients, you can find out what it's like to work with this professional and proceed accordingly.
2. Attend Your Home Inspection
You are under no obligation to attend your home inspection. But in most instances, it is beneficial to attend an inspection.
A home inspection usually requires just a few hours to complete, but the benefits of attending an inspection may last a lifetime.
For example, during an inspection, a home inspector may be able to provide you with property repair insights that otherwise won't be included in your inspection report. Meanwhile, attending a home inspection allows you to ask questions and gain the insights you need to make an informed decision about a home purchase.
3. Analyze Your Home Inspection Results
Spend some time reviewing a home inspection report – you'll be happy you did. If you assess a home inspection report closely, you can use all of the information at your disposal to decide whether to continue with a house purchase.
Furthermore, if you have questions about a home inspection report, don't hesitate to reach out to the inspector who conducted the evaluation. This inspector can respond to any report questions that you may have and provide you with information that could prove to be exceedingly valuable as you make your final decision about a house.
As you get ready to buy a home, it certainly helps to have a best-in-class real estate agent at your side too. This housing market professional can offer recommendations and suggestions about what to do following a home inspection. Plus, he or she can provide plenty of guidance at each stage of the property buying journey.
Take the guesswork out of a home inspection – use the aforementioned tips, and you can boost the likelihood of completing a successful property inspection before you finalize a home purchase.
Open houses can be a great way to get to know a home and the neighborhood it sits in. Sure, the seller will be trying to put their best foot forward on the big day. But, you’ll still be able to get a chance to tour the home relatively uninterrupted.
But what should you look for in particular when attending an open house?
There are a number of things you can learn at an open house. Many prospective buyers spend the time looking at things like paint color and cosmetic touches that can easily be changed, and very little time considering important factors that should go into their home buying decision.
So, in today’s post, I’m going to cover some of the lesser known things you should be looking out for when you attend an open house. That way, you’ll know which houses are worth considering further and which ones should be left behind.
Not enough storage space
If you find yourself constantly running out of storage space (and who doesn’t?), you’ll want to make sure the home has ample space to store your belongings. If it doesn’t, see if you can find ways to repurpose areas for storage, such as spare bedrooms or garage space.
Overly scented areas
It’s perfectly normal for a seller’s agent to place one or two choice candles in the home during an open house.
However, if you notice some rooms have an overpowering smell of candles or air fresheners, there’s a good chance it’s there to mask offensive and hard to remove smells. Pet and cigarette odors are among the worst culprits.
The windows, doors, and cabinets should work like a dream
When attending an open house, take note of how well the doors open and close. If appropriate, ask the seller’s agent if you can try out the windows and cabinets as well.
Problems with these items can be signs of poor craftsmanship, cheap materials, or neglect.
Traffic and neighbors
If you’ve found what you think is the perfect home, it can be easy to see the world through rose-colored lenses.
However, it’s important to take them off when looking around the yard. Take note of the traffic level, and the amount of privacy the home receives. If you like the home, it’s also a good idea to stop by the neighborhood during rush house to gauge how traffic would affect your commute.
Air flow issues
Improper ventilation can lead to mold growth, especially in bathrooms and kitchens. Make sure bathroom vents and fans work properly, and check windows for condensation.
In rooms with sinks, check around the base of the sink and counter for signs of water damage or mold.
Large cracks in foundations or ceilings
While small, hairline cracks in the foundation of a home are completely normal, large ones can be dangerous.
They can allow water and pests to enter the home, causing all types of costly damages.
Keep those six tips in mind when you attend the open house, and be sure to bring a list of any other questions you might have for the seller’s agent.
Buying a home should be a quick, simple process. However, the homebuying cycle sometimes proves to be a hassle, particularly for those who are shopping for a house for the first time.
Lucky for you, there are many quick, easy ways to become a smart homebuyer – here are three tips to ensure you can make informed decisions throughout the homebuying journey.
1. Check Out a Broad Array of Houses
Purchasing a home can be a fun, exciting journey, especially if you explore a wide range of residences.
Remember, the more residences you check out, the more likely it becomes that you'll find one that matches or exceeds your expectations.
When you review houses, be sure to analyze each property's interior and exterior closely. That way, you can identify any problem areas and determine whether these issues are potential deal-breakers.
Also, don't hesitate to check out the same house multiple times. It never hurts to take a second look at a house. And if you find that you enjoy a home after a second walk-through, you may be ready to submit an offer on this residence.
2. Set a Homebuying Budget
Before you make an offer on a house, it is important to consider exactly what you can afford. By doing so, you can avoid the temptation to overspend in the hopes of acquiring your dream house.
Many homebuyers get pre-approved for a mortgage – something that may prove to be exceedingly valuable.
With pre-approval for a mortgage, a homebuyer will know exactly how much money he or she can spend on a home. This will enable a homebuyer to enter the housing market with a budget in hand and map out his or her home search accordingly.
Furthermore, consider your monthly expenses prior to submitting a home offer. Electricity and assorted utility expenses can add up quickly, so you'll want to account for these costs. And if you want cable and internet services at your new home, you'll want to evaluate these potential expenses as well.
3. Consult with a Real Estate Agent
A real estate agent is a housing market professional, and as such, will help you simplify the process of going from homebuyer to homeowner.
Typically, a real estate agent will meet with you to understand your homebuying needs. He or she then will help you develop a homebuying strategy, one that ensures you can purchase your ideal house at a budget-friendly price.
With a real estate agent at your side, you should have no trouble acquiring a wonderful residence. This housing market professional will set up home showings, keep you up to date about new property listings and negotiate with home sellers on your behalf. As a result, a real estate agent will guarantee you can get the best results possible throughout the home selling journey.
Don't leave anything to chance as you kick off your home search. Instead, use the aforementioned tips, and you can become a smart home shopper in no time at all.