Our Real Estate Blog
Putting an offer on a home is an exciting event. You don’t want to get so excited that you overlook the important factors that go into buying a home. Follow the tips below before you put an offer on a property.
In order to come up with a price to offer on a home, you need to do some research. You should have a general understanding of the local market. Although your realtor will have a good grasp on this, it’s always a good idea to be an informed buyer. You can work with your realtor to find the right price. You don’t want to blurt out a number that is completely out of line for the neighborhood or market conditions.
A good place to start is by taking a look at what the homes in the the neighborhood are selling for. You can also look at what homes in the area have recently sold for. The advantage to hiring a realtor is that they have easy access to all of this research and information. Be sure that the properties that you look at are comparable to the one that you hope to put an offer on. You can even do this ahead of time if you have an idea of what kind of property you’re looking to buy.
Another useful tool in the research part of making a offer is the history of the property. When did the seller purchase the property? At what price? If the seller has moved in more recently, you may have some wiggle room for negotiations.
Getting pre-approved gives you some buying power. First, you’ll know how much house you can afford. Next, you’ll know that a lender is dedicated to lending you that amount to buy a home. Your offer will be taken more seriously if you have been pre-approved because the seller will know that you can get the funds to purchase the home.
Get The Help Of A Realtor
When you hire a realtor, you’re getting the agent along with the team of people that they work with. Realtors can recommend you to everyone from home inspectors real estate attorneys. An attorney is an especially helpful advocate in the process of buying a home because they can check to be sure that your offer meets the legal requirements within your state and protect your interests as a buyer.
The attorney will also look at the purchase agreement for the home. This will include all of the details of the property transaction:
- The date of the offer
- The address and property description
- Amount offered for the home
- Loan details including the down payment amount
- The closing date
- Any contingencies
These will all be very important to you as a buyer and a lawyer make sure that everything is legally sound will be a great protection for you.
Now, you’ll be ready to seal the deal!
Buying a home can be fast and easy for just about anyone. However, becoming the "perfect" property buyer can be challenging, particularly for those who are shopping for a house for the first time.
The perfect homebuyer understands what it takes to land his or her ideal house at the best price. As such, he or she will know how to handle difficult homebuying situations and streamline the process of going from property buyer to property owner.
Ultimately, becoming the perfect homebuyer may be easier than you think – here are three tips to help you acquire your ideal residence quickly and effortlessly.
1. Study the Real Estate Market Closely
The real estate market has many ups and downs, but the perfect homebuyer will know the ins and outs of the housing sector. By studying the real estate market closely, this property buyer will be able to identify the right opportunities and overcome any potential homebuying hurdles.
Spend some time looking at the prices of homes that are currently available. This will allow you to find homes at price that you like – and homes at prices that you don't like – and map out your homebuying journey accordingly.
Also, take a look at homes that recently sold in cities or towns where you'd like to live. This will enable you to differentiate between a buyer's market and a seller's market.
2. Know What You Can Spend on a Home
The perfect homebuyer should have no trouble avoiding the temptation to overspend on a house. In fact, this homebuyer will understand how to get pre-approved for a mortgage, which will ensure that he or she can establish a property buying budget.
To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. Each meeting will enable a homebuyer to learn about the mortgage options that are available from a variety of lenders. Plus, a homebuyer can ask questions and discuss myriad mortgage options with these lenders.
With pre-approval for a mortgage, a homebuyer will be able to enter the housing market with a budget in hand. Then, this property buyer can narrow his or her search for the ideal residence.
3. Collaborate with a Housing Market Professional
Becoming the perfect homebuyer may require you to receive housing market guidance at times. Fortunately, if you work with a real estate agent, you can get top-notch support as you navigate the homebuying journey.
A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you. He or she will be able to provide homebuying recommendations to help you make informed decisions. Also, a real estate agent will be able to keep you up to date about new houses as they become available, guaranteeing that you can speed up the homebuying process.
When it comes to buying a home, it is essential to do whatever it takes to acquire a first-rate residence at a budget-friendly price. Take advantage of the aforementioned tips, and you can move one step closer to doing just that.
Although property buyers fall in love with a home for different reasons, there are four factors that generally cause people to prefer one house over another.
For sellers, the cost of making their home more appealing to buyers can vary widely. It depends on how recently they've painted, updated, and made improvements to their property -- both inside and out.
When it comes to owning and maintaining a residential property, one thing's for sure: Deterioration is going to happen! It's also human nature to postpone taking care of needed updates, minor repairs, and issues like fading paint. Even though the condition of your home may feel comfortable to you, prospective buyers will see things through a different lens. If you think you're "too close to the trees to see the forest," your real estate agent can provide you with valuable tips and an objective point of view.
While there are a lot of qualities house hunters look for when they're sizing up a house, here are a few key factors that can make the difference between a quick sale and a home that lingers on the market for months or more.
- Brightness: Inadequate light -- both natural and artificial -- can have a negative impact on the impression your home makes on potential buyers. If you're fortunate enough to have newer windows that let in lots of natural light, then the look and feel of your home will be much more appealing. Heavy drapes can detract from that effect, as can overgrown bushes and trees. Lighting fixtures that are noticeably outdated or glaringly bright will also work against you. Since one of your objectives as a seller is to make your home as appealing and cheerful as possible, proper lighting is a feature that's well worth keeping in mind.
- Cleanliness: A factor that comes in "a close second" to brightness is cleanliness (Some might even put it in the number-one spot). Visible signs of dust, dirt, spills, or smudges can make an otherwise attractive home unappealing to prospective buyers. Undesirable odors can also turn off most, if not all people that come over to check out your house. A solution for some sellers is to have their house cleaner stop by more often to help them stay one step ahead of dirt, grime, and household messes.
- Freshness: There are a lot of ways to create a feeling of freshness in your home, including opening windows (weather permitting), adding a coat of neutral-colored paint to scuffed walls, and displaying fresh flowers in a couple rooms -- especially the kitchen. Baking soda can also help eliminate unpleasant odors in your refrigerator, sink, and garbage disposal.
Who doesn't love pasta? If you're a big fan of pasta but getting tired of the same old recipes, this unique and delicious vegetarian recipe is right for you. It's easy to make, requires few ingredients and makes little mess. It's also incredibly versatile, and can be made vegan for those who have special dietary requirements. Keep reading at the end of the recipe for suggestions about what to serve with pine nut pasta and other information.
Pine nut pasta is an excellent dish to serve at special occasions because it looks fancy compared to many other types of pasta, but it's easy to prepare for large groups.
What to Serve with Pine Nut Pasta
If you eat meat and would like to add some extra protein to your pine nut pasta dish, serve with a side of baked chicken.
Pine nut pasta is delicious with garlic bread, or if you're feeling adventurous, sautee sliced mushrooms in garlic and olive oil. Place the sauteed mushroom mixture on slices of bread and bake in the oven.
Seeking the perfect salad to accompany pine nut pasta? Combine chopped romaine lettuce, black beans (drained and rinsed), feta cheese and walnuts. Drizzle with balsamic vinaigrette. Serve.
Are Pine Nuts a Nut?
If you or someone in your household has a nut allergy, you may have concerns about pine nuts. Technically, pine nuts are a seed. However, you should check with your doctor before ingesting anything that you believe could be a potential allergen. Your doctor can help you decide whether this particular ingredient is safe.
Want to Make This Recipe Vegan? Here's How
Pine nut pasta is already vegetarian. If you want to make it vegan, replace the parmesan cheese with sprinkles of nutritional yeast at the end. You'll get the same nutty-cheesy flavor that you find with parmesan, but it's dairy free (and healthy!).
You may not think much about your hot water heater. Unless of course, your hot water heater ends up breaking down. Hot water is so important in our homes, yet we take this resource for granted. Hot water does a lot in our homes from clean our laundry to disinfect our dishes to heat up our showers. We use it without thinking about it.
If you neglect your hot water heater it can cause some costly damage to your home. Your basement could end up flooded. Pipes can burst. You can be without the use of hot water for days- even weeks- if you’re not vigilant about taking care of your hot water heater.
Once water is gushing from the source, the best course of action is to simply shut the water off to your home. Before you even get to that point there are some tell tale signs of damage to your hot water heater that can be detected before major issues arise. First, if you notice any type of water around your hot water heater, you should get it checked out. Don’t look at it as “no big deal.” Any type of moisture or water stains around the water heater itself are a sure sign that something isn’t right with the unit.
As a homeowner, you should know just how old your hot water heater is. Usually, the installation date on the heater is noted somewhere along with the serial number. The typical hot water heater lasts about 9-11 years. If you live in an area with hard water, this number can vary.
Once the damage is done to your hot water heater you’ll likely have a large cleanup project on your hands. You’ll need to call water extraction services that will help dry out the area and clean up any baseboards that can become hazardous. Sometimes, these projects can get a bit bigger than you’d ever expect. After the water is pumped out, the cleanup has only just begun.
Why Hot Water Heaters Fail
The minerals from water tend to build up (especially in the case of hard water) and cause the unit to rust out form the inside. While the inside of the tank contains glass, it does have metal pieces that can rust. You can replace certain parts of the hot water heater from time to time to keep it in good working order, the best prevention is to replace your water heater when the time is right. Don’t let the unit sit until way past its expiration date.
Being The Homeowner
As a homeowner, you probably wonder if something like a broken water heater were to happen if your insurance would cover the cost of the damage. The insurance will cover the cost of cleanup and repairs. The insurance will not cover the cost to replace the hot water heater or any labor costs. The only way the entire cost would be covered is if you have a home warranty.
A simple thing that you can get to help alleviate major damage to your home from a hot water heater is to get an alarm. This little device is inexpensive and will alert you when any water hits near the areas of the alarm. This could save you a lot of costly damage and repairs. The most important thing that you can do in your home to prevent major damage from a hot water heater is to stay vigilant and keep on top of maintenance and replacement timelines.