There are a lot of shady real estate “gurus” out there, but how much do they actually know? These are the people who were presiding when the housing crash. Read these tips to help you navigate real estate and be a savvy buyer.
Real estate agents should keep in contact with former clients during the holidays and on the anniversaries of a purchase date. Hearing your voice again will let them remember of the real estate transaction that occurred. When a friend, remind them you would love to be referred to friends or family, your name will be fresh in their minds and they will suggest using you.
Homes that need multiple improvements or updates are sold for cheaper than other homes. This saves you money on your purchase, and work on the house at your own rate over an extended period of time. A few updates and improvements could transform that diamond in the rough into your dream home!
Closing Costs
Buyers typically figure out their closing costs by totaling the down payment, the bank points, and obviously the down payment. In most cases though, closing costs have extra items like improvement bonds, school taxes, and other things that depend on your area.
Adding financial incentives to offers will make the seller more likely to stick to the selling prices.
Always hire an inspector to look at any property that you wish to buy. You do not want to be stuck with a home that needs tons of renovating. This can be a serious problem if there are structural issues after you buy the inspector an extremely cost-effective and-safety conscious choice that you will be responsible for and you may have to leave your home while it is repaired.
Try to buy houses that have fireplaces in locations other than the main living room. It may be hard to keep up to cleaning multiple fireplaces and they are barely used anyway.
Many times these houses have been vacant for a while before they are up for sale, so they have not had proper maintenance done. Many foreclosed homes may have pests, and may also have pests.
When you are looking for a home to purchase, never purchase one just because of the way it looks. You should only consider buying a house based on it’s construction and shape. If you base your decision to buy on decor, you risk overlooking serious problems that will be expensive to fix later.
When you are interviewing agents to represent you, ask how many years they have been involved in the community you are interested in. If they have only been around for a short while, he or she may not be as familiar with things like road conditions, community restrictions and neighborhoods as someone else.
Take your time to measure a house you are highly interested in buying. If these numbers do not match up closely, then there is something fishy happening.
When deciding to buy real estate, you will want to be sure of your goals. Determine early on if your goals are short or long term. Don’t invest in any property that is irrelevant to your pre-determined criteria. A lot of owners make compromises and end up making poor investments.
Hire people you trust when you are trying to buy a home. No one wants to go out and spend money on something that can be had for free. Even though this is true, it’s probably better to hire the people you can trust and that you know personally. Getting to the unvarnished truth will save you a ton of money down the long run.
If you are going to rent property, make inquiries regarding who is responsible for the gardening before you sign the lease. Some rentals require the renter be responsible for yard clean up or garden work. Other places still will offer this included in the monthly payments.
If you are buying a home, it is a good idea to have a friend come along with you, especially if they have some experience in home buying. This person can be of eyes to keep a look out for things you might not notice. Encourage them to speak up and ask the realtor questions as well.
Take all the “expert advice” you read online with a grain of salt. If they really knew everything, the real estate market wouldn’t have collapsed. Ignore those who pretend to know everything Instead, stick with these current and useful tips on how to buy property.
