Despite what some pundits are saying, the current economy is great for those in the market for a house. This is a great market to buy into right now, as the rates are low and the required investment is small. This piece offers some great advice for purchasing a property that suits your needs and financial circumstances.
If you sell a home to a client, don’t lose touch. Contacting customers on each anniversary of the day they bought the home and during holidays allows you to stay in touch without seeming intrusive. Additional contact from you will help them remember how valuable your services were during their real estate experience. Tell them you would appreciate it if they would refer you their friends.
A steady, non-confrontational approach is best when you decide to buy a property and enter the negotiating phase. It can be counter productive to be too aggressive in your bargain hunting. It is good to be assertive with what you expect, though allow your lawyer and Realtor take care of the negotiations, because they have a lot of experience in this type of work.
When interviewing a real estate agent, be sure to have your questions properly planned out. Be sure your questions are important, such as the number of homes that they were able to sell in the particular area you’re interested in and the total number of homes that they were able to sell in the past year. The agent’s responses to these questions will provide you with the information you need to reach a decision.
Try to contact your former clients around the holidays and during anniversaries of their purchases. By keeping in touch, you will remain in the client’s mind for helpfulness when they think about their own real estate experience. At the end of your greeting, let them know that you function by means of referrals and you would really appreciate it if they recommended you to their other friends.
If you are purchasing a home that has been foreclosed, keep in mind that it may call for some renovations. The majority of foreclosures have been sitting empty on the market for quite some time. The lack of a tenant means that maintenance has generally been neglected. A lot of foreclosed homes on the market are going to need HVAC system replacements, and possibly have pest infestations.
Do you have children, or do you plan to? If so, you should consider a home that has adequate room for the entire family. Pay attention to safety too, especially if the home you are looking at has stairs or a swimming pool. If you buy a house from a family who has raised their children in it, it should ensure that the house is relatively safe.
Be pre-qualified for a mortgage loans before looking at houses. You will avoid wasting your time and the agents time by limiting your search to houses you can afford to buy. Getting loans can be an arduous process that shouldn’t be procrastinated.
If you are thinking about moving, you may want to research the neighborhoods of properties you are interested in online. You can find a lot of information, even for the smallest cities. To make certain you will have a good future in the town you are considering, be sure to do a little research on such subjects as average salaries, unemployment rates and population growth.
If you want to buy a spot for a business, ensure that it is located in a good area with reasonable stability and opportunities for growth. Starting up a business in the wrong neighborhood will likely lead to obtaining less customers. Ask Realtors where you should open up shop.
Be open to different possibilities. You may not be able to afford the perfect house in the perfect community, but you may be able to afford one or the other. If you are unable to locate the kind of house you want in a neighborhood you like, look elsewhere for that style home, or look for other houses in that neighborhood.
When you select an agent to assist you in finding a new home, question them on the amount of time they’ve been in the area. If an agent has recently moved to the area, they will not be as familiar with details such as community restrictions, roads and neighborhoods as a long-time resident. You should work with real estate agents who have lived locally for at least a decade.
A good tip to use when shopping for a home is to request an itemized checklist from your Realtor. It is common for Realtors to have a compiled list of every consideration, including how to locate your dream home, financing based on your ability to pay and closing the deal. A checklist will keep you organized and allow you to measure your progress.
If you want to buy a house, make time to take its measurements. Ensure that the square foot measurements on the owners’ listing matches the number you calculate. If these numbers do not match up closely, you should not buy the property or go to the proper authority to have it fixed.
Those who are wise and jump into this swirling market should follow the above article closely. It will help you avoid trouble and walk away with real estate that is under-priced and growing constantly in value. The key is to purchase the property and hold until the time is right before you make your big move.
Always have a trusted friend or knowledgeable associate accompany you when looking at homes, even if you are shopping exclusively for yourself. Many people may notice things in the homes that are wrong that you may not have. Let them ask your realtor questions too.
Let’s talk, call today 605-858-0775, or click on the link below to schedule a free no obligation home buyer consultation and get pre-approved for a home loan.