Diane Kelly's Blog
When you’re shopping for a home, one of the most important things is that you feel comfortable in the home. Sure, you can look at the listing and visit the property, but you’ll never know what it’s like to sleep in a home until you move in. While there aren’t many homeowners that offer overnights in order for you to feel out their property listing, there are ways that you can test a home out subtly.
Check Out The Neighborhood
You can learn a lot about a neighborhood just by observing the area. See how many people are out walking around. What is the age group of the people you see? This can give you a great idea of the neighborhood that your potential home is in. You could do this investigating several times at different hours of the day to get a full picture of the area.
Getting out and taking a stroll around the neighborhood is also a great idea to see what potentially living in your new home will be like. Check out public transportation options and local establishments like restaurants and coffee shops. Another great place to check out is local parks and recreation centers. This will allow you to see both the quality and the quantity of the options available to you.
Test The Plumbing
If you have a chance as you’re walking through a home, touring it, be sure to check out the plumbing. Turn on the faucets. See how the water pressure from the shower is. It seems like kind of a strange thing to think of testing, but it’s important. You don’t want to move into a house only to find out the water pressure is unlivable and the hot water isn’t so hot!
Check Out How The Windows Work
A home with a breeze is always nice. See if any windows get stuck or are leaking out cold air when shut. This is a subtle way to do your own home inspection of an important aspect of your potential future home. Paying attention to the windows can also help you to hear the noise factor that you might face in the home. Can you hear a lot of traffic? Is the neighborhood quiet? Discovering these things will be very important in your decision to purchase a home.
How Is The Storage Space?
Look around the homes that you’re considering and see how much storage space you’ll have. Is there a basement or an attic or both? How easy are these spaces to access? If a home lacks adequate closet space for storing things like towels, cleaners, clothing, etc, you may find yourself scrambling for ways to keep all of your things in the home once you move in. Make sure the storage space you see is enough for you and your family’s lifestyle.
A home showing is a valuable opportunity for a buyer, as it enables him or her to walk through a residence and find out what a house is all about. At the same time, a single home showing may be insufficient.
Ultimately, there are many reasons why you may want to schedule a follow-up house showing, and these include:
1. You can get responses to any unanswered home questions.
A second home showing gives you the chance to gain additional insights into a residence. Thus, if you failed to get answers to certain home questions during an initial showing, you may want to schedule a follow-up showing.
Of course, it often helps to craft a list of questions prior to a showing. This list will help you learn about all aspects of a residence.
2. You can analyze any potential problem areas in-detail.
If you want to get a close look at various home issues, you may want to schedule a second showing. That way, you can assess these problems in-detail and determine your next step in the homebuying journey.
Sometimes, it helps to bring a home improvement professional with you during a house showing. If you have a friend or family member who is a home improvement expert, for example, you may want to bring him or her along for a follow-up property showing. This home improvement expert then can provide comprehensive insights into the condition of the house.
3. You can determine if a house matches your expectations.
If you are still on the fence about a home following an initial showing, it never hurts to take a second look at this house in-person. Because if you attend a second home showing and find a house matches your expectations, you then can submit an offer to purchase this residence. On the other hand, if you discover a home is not a great fit for you during a second property showing, you can continue your search for your dream residence.
As you navigate the homebuying journey, it generally is a good idea to hire a real estate agent, too. This housing market professional will go above and beyond the call of duty to help you find a terrific residence that you can enjoy for years to come.
Typically, a real estate agent will teach you about the homebuying journey and offer tips to help you prepare for property showings. He or she also will attend a home showing with you and respond to your concerns and questions. Plus, if you want to schedule a follow-up home showing or submit an offer to purchase a residence, a real estate agent is happy to help.
When it comes to navigating the homebuying journey, it usually is beneficial to err on the side of caution. Therefore, if you strive to learn as much as possible about a home after an initial showing, you should schedule a follow-up showing. By doing so, you can perform a full home analysis and determine if a house is right for you.
A home showing represents an important opportunity for a homebuyer. And if you know the right questions to ask during a home showing, you can obtain the insights you need to determine whether a residence is right for you.
Ultimately, there are several crucial questions to ask during a home showing, and these include:
1. Why did the seller list this home?
There are many reasons why an individual may choose to sell his or her house. Yet this information rarely, if ever, is included in a home listing. Fortunately, a home showing gives you the opportunity to analyze a seller's perspective as you weigh the pros and cons of submitting an offer to acquire a residence.
If a seller listed a house due to severe home maintenance issues that have escalated over time, this is a red flag for any buyer. On the other hand, if a home seller simply is looking to upgrade or downgrade or prefers to live elsewhere, you may want to further pursue his or her residence.
2. Is there any flexibility on the home price?
The initial asking price of a home usually is flexible, but only to a certain extent. Determining the level of flexibility on an initial asking price is paramount, as this may dictate the offer that you make on a house.
However, it is important to submit a competitive home offer, regardless of whether a seller is flexible about the price of a residence. Because if you submit a competitive homebuying proposal, you can reduce the risk of missing out on an opportunity to purchase your ideal residence.
3. Is there anything else I need to know about this home?
Following an in-depth home showing, you likely will have lots of information about a house and its condition. To conclude the showing, you should ask if there is anything else you need to know about a residence. This will enable you to receive the final pieces of information you need to decide how to proceed with a home.
Remember, it is your duty as a homebuyer to make an informed decision. If you understand exactly what to ask during a home showing, you can obtain the insights you need to determine the best course of action.
When it comes to preparing for a home showing, it helps to get assistance from a real estate agent too. In fact, hiring a real estate agent will make it simple for you to navigate the ups and downs of the homebuying journey.
A real estate agent is happy to set up home showings and attend these events with you. He or she can provide comprehensive home insights throughout a home showing. Plus, after a home showing, a real estate agent will help you decide whether to submit an offer on a house or continue your pursuit of your dream residence.
Get ready for a home showing – collaborate with a real estate agent, and you can receive the help you need to fully analyze a house.
As a homebuyer, it is important to do everything you can to find your dream residence. Once you discover your ideal house, you should be ready to submit a competitive offer to purchase this home.
Ultimately, there are several factors to consider as you try to put together a competitive offer to purchase your dream house. These factors include:
1. A Home's Age and Condition
Examine a house closely before you craft an offer to purchase – you will be glad you did. Because if you leave no stone unturned in your quest to learn about a residence, you can create an offer to purchase that accounts for a house's age and condition.
If you have questions about a house, you should reach out to a seller's agent. That way, you can address these questions before you submit an offer to purchase.
Also, it is important to remember that there is no such thing as a "bad" question to ask about a house. A home purchase may be one of the biggest transactions you will complete in your lifetime. And if you devote time and energy to learn about all aspects of a house, you can ensure you are ready to purchase this home. Perhaps best of all, you can identify potential home problems that otherwise may prove to be costly and time-intensive down the line.
2. The Current State of the Housing Market
Differentiating between a buyer's market and seller's market is key, particularly for those who are ready to submit an offer to purchase a house. If you assess the local housing sector, you can find out whether a buyer's or seller's market is in place and submit an appropriate offer to purchase your dream residence.
In a buyer's market, homes may remain available for many weeks or months after they are listed. Thus, a seller may be willing to accept an offer to purchase, even if it falls below his or her initial home asking price.
Comparatively, in a seller's market, there is a shortage of quality houses available. And in this market, the best houses sell quickly, which means you likely will need to submit a competitive offer to purchase to secure your ideal home.
To determine if a buyer's or seller's market is in effect, take a look at how quickly houses are selling in your city or town. You also should find out if homes are selling at or above their initial asking prices. With this information in hand, you will be better equipped than ever before to submit a competitive offer to purchase your dream house.
3. Your Homebuying Budget
There is no need to overspend to buy your ideal house. Therefore, you should try to submit an offer to purchase that accounts for your homebuying budget.
Oftentimes, it helps to meet with banks and credit unions before you embark on a home search. This will allow you to get pre-approved for a mortgage and enter the homebuying journey with a budget at your disposal.
As you navigate the homebuying journey, you may want to hire a real estate agent, too. Because if you have a real estate agent at your side, you should have no trouble crafting a competitive offer to acquire your dream residence.
You want to buy a house, but you know that you need to save as much money as possible for a down payment. Although you've tried to save money in the past, your best efforts have failed to help you collect the funds that you'll need to make a down payment on your dream residence.
Let's face it – saving for a home can be difficult. Fortunately, we're here to offer creative ways to help you get the money that you'll need to make your homeownership dream come true.
Now, let's take a look at three creative ways to save for a down payment on a house.
1. Start a Friendly Competition
Competition often brings out the best in homebuyers. Much in the same vein, you and your friends may be able to compete against one another to see who can save the most money for a down payment on a home.
If you and your friends intend to buy a home together or separately, a friendly competition can make a world of difference in getting the required funds for a down payment. In fact, you can even award the winner of this competition with an "Ultimate Saver" trophy or other fun prizes.
Ultimately, a friendly competition is a great way to have fun with friends and save money for a down payment on a house at the same time. Regardless of who wins the competition, you'll notice that your down payment savings will increase, moving you one step closer to acquiring your ideal residence.
2. Use a Rewards System
Saving for a down payment on a home may seem like a long, arduous process. However, if you build rewards into your day-to-day savings efforts, you can earn incentives as you reach various milestones.
For instance, you may want to reward yourself with a special dinner every time that you reach a savings milestone. Or, you can always celebrate hitting a savings milestone with a trip to the dog park with your puppy.
3. Trim the Fat from Your Budget
It sometimes can be tough to remove cable TV, takeout meals and other excess items from your budget. But if you consider the long-term benefits of these short-term sacrifices, you may be better equipped than ever before to save significant funds for a down payment on a home.
Look closely at your daily, weekly and monthly budgets. Then, you can determine which budget items are essential and which are not and trim the fat from your budget accordingly. This will allow you to speed up the process of saving for a down payment on a house and ensure that you can achieve your homeownership dream faster than ever before.
Lastly, as you prepare to explore available homes, don't hesitate to reach out to a real estate agent for extra help. By hiring a real estate agent, you can get the assistance that you need to discover a great house that falls within your price range.