Deb Evans ABR,CSG - ERA Key Realty Services



Posted by Deb Evans ABR,CSG on 3/31/2020

You know you want to pursue a home, and as such, likely plan to attend lots of house showings in the near future. Before you check out a residence in-person, however, it generally is a good idea to prepare as much as possible. That way, you can use a home showing to learn about a residence, evaluate a house's pros and cons and determine if a particular home is right for you.

Ultimately, there are many factors to consider before you attend a home showing, and these factors include:

1. Your Home Must-Haves

It often helps to make a list of "must-haves" prior to launching a house search. With this list at your disposal, you can narrow your home search and schedule showings for residences that offer the features you want.

You may want to put together a list of preferred cities and towns, too. This list will help you hone your house search to residences in cities and towns where you want to live. Then, you can set up showings to view residences in these areas.

2. Your Homebuying Budget

You likely have only a finite amount of money you can spend on a residence. If you start a house search with a budget in hand, you can search for homes that fall in line with your finances and schedule property showings accordingly.

Typically, it helps to get pre-approved for a mortgage. If you meet with a variety of banks and credit unions, you can learn about different home financing options. You then can select a mortgage and start to schedule showings for residences that correspond to your budget.

3. Your Homebuying Timeline

If you want to buy a house as quickly as possible, you may want to start scheduling home showings right away. This will enable you to find and relocate to a new home without delay.

On the other hand, if you can afford to be patient, you may want to take a wait-and-see approach to home showings. In this scenario, you may want to keep a close eye on the housing sector in your preferred cities and towns. Because if you do so, you can pounce at opportunities to view quality residences as soon as they become available.

As you get ready to pursue your ideal residence, you may want to hire a real estate agent as well. A real estate agent can set up home showings and offer tips and recommendations to help you streamline your house search. In addition, if you ever have questions during the homebuying journey, a real estate agent can instantly respond to them.

When it comes to home showings, it may be beneficial to prepare. If you consider the aforementioned factors prior to a house showing, you may boost the likelihood of finding your dream house. Perhaps best of all, you could speed up your home search and discover a great residence that you can enjoy for years to come.




Categories: Uncategorized  


Posted by Deb Evans ABR,CSG on 3/24/2020

If you find your dream house, there is no need to leave anything to chance. But if you submit a "lowball" homebuying proposal, you risk missing out on the opportunity to acquire your ideal residence.

Putting together a competitive offer to purchase can be easy. Now, let's take a look at three tips to help you craft an aggressive homebuying proposal.

1. Study the Housing Market

The housing market fluctuates constantly. If the real estate market favors buyers today, it may shift into sellers' favor tomorrow, or vice-versa. As such, you should study the housing market, determine whether it favors buyers or sellers and craft a homebuying proposal accordingly.

Oftentimes, it helps to look at the prices of recently sold houses in your area, as well as how long these homes were listed before they sold. With this housing market data in hand, you may be better equipped than ever before to differentiate a buyer's market from a seller's market. And as a result, you can boost the likelihood of submitting a competitive homebuying proposal.

2. Know Your Budget

If you know how much you can spend on a house, you can minimize the risk of submitting an offer to purchase that stretches beyond your financial limits.

To establish a homebuying budget, it generally is a good idea to get pre-approved for a mortgage. Banks and credit unions can teach you everything you need to know about different mortgage options and help you select the right mortgage. Plus, if you have any questions as you evaluate your mortgage options, banks and credit unions are happy to respond to your home financing queries.

3. Collaborate with a Real Estate Agent

If you hire a real estate agent, you can submit a competitive offer to purchase on any house. In fact, a real estate agent can offer in-depth housing market insights to help you put together an aggressive homebuying proposal that may receive an instant "Yes" from a seller.

A real estate agent is a homebuying expert who understands what it takes to purchase a home in any housing market. He or she first will meet with you, learn about you and your homebuying goals and create a personalized property buying strategy. Next, a real estate agent will help you pursue houses in your preferred cities and towns until you find one that matches your expectations. And after you discover your ideal residence, a real estate agent will make it simple for you to submit an offer to purchase that fulfills the needs of all parties involved.

Of course, if your offer to purchase your dream home is accepted, a real estate agent will guide you through the final steps of the homebuying process. Or, if your homebuying proposal is rejected, a real estate agent will help you reenter the housing market.

Avoid the danger of submitting a lowball offer to purchase your dream house – use the aforementioned tips, and you can craft a competitive homebuying proposal and move one step closer to acquiring your ideal home.





Posted by Deb Evans ABR,CSG on 3/10/2020

Image by Agover from Pixabay

Where do you start when you first consider purchasing a home? Buyers who are new to the real estate market may not know exactly what they want in a house or where they want to live. While the dream homes found online, in magazines, and on your favorite television show are great resources for design and style, visiting open house events will help you to hone in on features that will best serve your household.

When visiting open houses, follow these tips to make the most of your time:

  • Allow plenty of time for each house on your list. If the home appeals to you, take a few moments afterward to drive or walk around the neighborhood.

  • Create a list of must-haves’, likes, and dislikes to help you evaluate each property. Add ideas that appeal to you during each open house experience.

  • Sign in when you arrive but let the hosting agent know if you’ve already selected a real estate agent.

  • Dress comfortably. You might climb stairs, descend into basements, visit attics, or walk from house to house in the neighborhood so be sure to wear appropriate clothing and shoes.

  • As you tour, create a list of questions for your real estate agent to address with the selling agent if you plan to submit an offer.

  • Do not peek into closets, cupboards, pantries, or drawers if the hosting agent indicates are off-limits. Your agent can arrange an in-depth viewing if you’re the property is one you’d like to pursue.

  • Take note if you smell deodorizers and air fresheners. They could be masking pet odors or could indicate something more serious. If you’re interested in making an offer, ask your agent for help identifying the source before moving forward.

  • Respect the seller's privacy by not taking photos without the host’s permission.

Questions related to making an offer and other negotiations should be funneled through your real estate agent. If you’re interested in the property, ask your agent to arrange a follow-up viewing. Make a list of all your questions and follow up with your agent as soon as possible especially if you want to make an offer on the property.





Posted by Deb Evans ABR,CSG on 2/11/2020

A buyer's market typically is a dream come true for those who want to find a high-quality and affordable house. In fact, there are many things you can do to capitalize on a buyer's market to ensure you can purchase a house that you'll be able to enjoy for years to come.

Now, let's take a look at three tips to help you get the most out of a buyer's market.

1. Narrow Your Home Search

Consider where you want to live and what you want to find in your dream home – you'll be glad you did. If you hone your house search, you can avoid wasting time and resources on homes that fail to meet your expectations.

As you evaluate potential home destinations, think about your day-to-day activities. For example, if you work in the city, you may want to search for houses that are in or near the city itself. On the other hand, if you have kids, you may want to explore residences near parks and other family-friendly attractions.

In addition, it often helps to make a list of home must-haves. Once you know what features you want in your dream home, you can conduct an in-depth search to discover a house that will suit you perfectly.

2. Get a Mortgage

A mortgage is crucial, particularly for individuals who want to take advantage of a buyer's market. Because if you enter the real estate market with a mortgage in hand, you can map out your home search based on your budget.

Getting pre-approved for a mortgage generally won't take long. Banks and credit unions are happy to teach you everything you need to know about home financing and help you select the right mortgage. Furthermore, these financial institutions employ mortgage specialists who can respond to your home financing concerns and queries.

3. Collaborate with a Real Estate Agent

If you want to streamline your search for a home in a buyer's market, you should work with an expert real estate agent. That way, you can receive homebuying tips and recommendations you may struggle to receive elsewhere.

A real estate agent understands what it takes to complete a successful house search in a buyer's market. As such, he or she will work with you to make your homeownership dream come true.

For instance, if you want to purchase a top-notch house as quickly as possible, a real estate agent can help you do just that. Or, if you want to buy a house at a low price, a real estate agent can help you discover a terrific residence that matches your pricing expectations.

As you get set to enter a buyer's market, it helps to prepare as much as you can. Thanks to the aforementioned tips, you can simplify your home pursuit in a buyer's market. As a result, you can find a wonderful residence that is sure to serve you well both now and in the future.




Categories: Uncategorized  


Posted by Deb Evans ABR,CSG on 2/4/2020

Image by skeeze from Pixabay

For those who embrace a sense of nostalgic charm, older homes have an undeniable allure. The yesteryear designs and attention to detail are often absent in new construction. As attractive as the idea of living in a glorious Victorian or period home may be, it’s also imperative that you take an extra-long look at older homes. While it’s true that many homes age like fine wine, some can turn to vinegar as well. Consider answering these three things before putting down 20 percent, securing a mortgage, and signing off at the closing.  

1: Older Homes Enjoy Better Quality Construction, But . . .

There’s a funny thing about the word “but,” that should prompt potential homeowners to sharpen their focus. It’s generally true that many older homes were routinely constructed with sturdier materials that are now considered “high-end.” In fact, structures built from the 1860s to 1920 employed lumber that is both thicker, and stronger by the square inch. The reason is that older homes utilized “slow-growth” timbers. Today’s wood generally comes from “fast-growth” trees. The wood density is vastly stronger in slow-growth, which is one reason many have stood the test of time. Now here’s the “but.”

Your ability to find slow-growth lumber would take a Herculean effort. That’s why it’s essential to understand that you may not be able to restore an older home to its original glory, only emulate it.

2: Homeowners Insurance Can Be Tricky With Older Homes

Take a moment and think about how you plan to approach your homeowners insurance to satisfy the lending requirements. Most people want to secure the least expensive policy, as long as it covers total replacement costs in the event of a natural disaster or fire. Therein lies the rub, “total replacement costs.”

A substantial difference exists between current building costs, and the revenue required to build a new version of your period home. The lumber already mentioned may not exist, and its modern-equivalent is generally considered a high-end material. Now add in unique architectural attributes, and you likely have a structure with a replacement value that far exceeds the average new construction costs.

In terms of your homeowners policy, it’s up to you to secure a quote from a construction outfit that specializes in older homes. Using that measure, your premium is likely to uptick. But unless you get full coverage, the coverage is likely to fall far short.

3: Older Homes Are Less Usually Expensive

Whether you have a passion for older houses or just want to purchase the maximum affordable living space, there’s plenty of good news. It may seem almost counterintuitive to old-home lovers, but the market tends to devalue them, much like automobiles. That depreciation can be a substantial perk as long as the house remains structurally sound and relatively unblemished.

Most people come to the real estate market with a set spending budget. The older home can deliver increased living space as well as a robust ambiance for less than its new-home counterpart. For those who simply adore older homes, it’s a lot like buying a fine wine or rare painting at a discount. What’s of primary importance when purchasing an older home is to follow through with a determined inspection that identifies any potential issues and conduct thorough due diligence before closing.




Categories: Uncategorized  




Tags

Each ERA ® office is independently owned and operated.
© 2020 ERA Franchise Systems, Inc ® and sm-trademark and servicemark of
ERA Franchise Systems, Inc. Equal Housing Opportunity.