Top 4 Tips For First Time Buyers

Photo by PhotoMIX Ltd. from Pexels

 

When you’re a first-time buyer, you might want to dive straight into the deep end and buy the first property you find. And although this might be tempting, there are certain things that you need to get in order before making the big move. 

 

Yes, it’s an exciting milestone – no matter what your age. But it’s vital that you are fully prepared for the decision in advance of moving day. To help ease this transition, here are the top four tips that you should follow:

Location, Location, Location 

 

This might seem like an obvious point to make, but it’s nonetheless important to mention. At the start of the journey, you need to consider where you want to live – do you want to live in your hometown? Or perhaps a new location that you’ve loved to visit? This will be dependent on your budget, where you work and your bespoke preferences. Key factors that many people take into consideration, is how far the property will be from family and friends, as well as how close it will be to amenities. 

 

If you’re moving in with a friend or a partner, you’ll also want to make sure that you’re on the same page and are both happy with the location in question.

Consider the Market 

 

Unfortunately, the market is ever-changing. And because of this, it’s perhaps harder now more than ever to find a home that is suitable for your budget and personal preferences. 

 

So when you’re starting to gather the funds for your first property, it’s important that you keep an eye on the real estate market, including the trends within the area you are wanting to purchase etc. It’s also invaluable to gage the advice of a realtor, who will help to indicate what you can realistically get and the areas/types of properties that you should avoid.

Decide on A Realistic Budget

 

You don’t want to have to contact a bankruptcy lawyer as you have overstretched yourself on purchasing or renting a home (or even because you’ve gone over the top with buying furniture which was way more than you could afford). So before you make the investment, you need to sit down and consider how much you can realistically spend. Houses are expensive – no matter where you’re located or the type of property you are looking for. 

 

It’s essential that you work out how you will acquire your deposit and how you will pay your mortgage each month. If you’re thinking about buying rather than renting, you’ll need a good amount of money that you can put towards the property at the start of the process. Whether this is acquired through an FHA loan or through the bank of mom and dad, it’s a key factor into purchasing your first home. 

When setting a budget, you might also want to consider the following:

 

  • Potential costs of any renovations you want to make. 
  • How much home insurance will cost.
  • Other costs associated with moving – e.g hiring a moving van. 

What Mortgage You Can Get

Mortgages might seem terrifying, but they don’t have to be. Although they signify that you’re now an adult that can no longer rely on living for free at your family home, they indicate the start of a new phase in your life. When you’ve found your dream home, the reality that comes with getting a mortgage is something that you’ll have to face. 

 

But how do you know which type of mortgage is suitable? It’s a good idea to compare and contrast various mortgages, paying attention to the following:

 

  • What type of rate do they offer you? Do they offer a variable or fixed rate?
  • How much they cost each month.
  • The repayment terms – e.g 25 or 35 years.

If it has other fees – e.g valuation fees, advisory fees and arrangement fees.

Please follow and like us:

How to Sell Your Home Fast

Image Credit: Pexels CC0 Licence 

 

There are lots of reasons to want to sell your home fast. Maybe you need to move for work or perhaps you found the home of your dreams, put in an offer and now need the money to complete the sale. 

 

Selling your home fast can be simple if you know the right tricks and keep an open mind. If you are living in a fast market, you might even be able to find a buyer within a few days! But there are always a few house selling tips that will come in handy. 

Know Who to Sell To

The first thing to keep in mind is who you are selling to. If you are selling to the general market, you will have to be more patient than if you are selling to a company like Gem Homes, which can offer you the close day of your choice. Equally, if you are selling on a more select market, you may have to wait a bit longer. 

 

You can help yourself by making sure that your home is appealing to the right target audience. So, if you are looking for a family to buy your home, make sure the bedrooms are all made up and child-friendly. Similarly, if you want to sell to a young couple, you might want to show off your home as a starter property and might even put out some leaflets detailing the local amenities, including bars and entertainment.

Prepare Your Home for Sale

Preparing your home for sale is a really important part of the sales process. You need to show buyers that your home could work perfectly for them. So, put your junk into storage, clean everywhere and do a few touch-ups around the house so that it is neutral.

 

You need to make sure that your home is a blank canvas that anyone could live in but you should also add some homey touches. So, while you should paint your walls in neutral colors, you might light to add some scatter cushions to your sofa, light a scented candle and put some flowers in a vase. 

Be Ready to Move

If you aren’t ready to move, you won’t be going anywhere fast! Put the things you don’t use every day into boxes and hire some storage space to keep them safe. Make sure that any valuable personal items are also stored away safely. 

 

You should also plan your budget for the move. As soon as your house sells, you will need to be able to move quickly so you should gather your packing materials together and start searching for a moving company to help you out. You might also like to prime your friends and family so that they can come and help you. 

 

Selling your home quickly is all very well but you must be ready to move once your home is sold. Getting everything ready to go is essential if you want to show your buyers that you are serious about a fast sale. The more you can do to prepare, the easier it will be to move.  

Please follow and like us:

Sell Your House Fast In 3 Simple Steps

When we come to list our homes on the open market, we might assume that they will fly. Your open house day should be jam-packed, potential buyers should be entering into a bidding war to pick up your piece of prime real estate, and you should be batting them away left, right and center. However, more often than not this simply doesn’t happen. Why? Because we think of our humble abodes in a highly subjective way. We have adored the pink flamingo wallpaper and bright teal hallway for a decade so why wouldn’t anybody else? Instead, you need to sell your home by imagining yourself as a buyer. Take a look at how you can sell your house fast by following these three simple steps.

Image by

 

Get The Best People On Board

 

Hundreds of real estate agents will be vying for your business. While you might be tempted to go for the guy or company who takes the least commission, this can be a false economy. Sure, he won’t take as much cash out of your sales price, but if your home is on the market for an extra six months, this means extra home loan repayments which negate the very reason why you chose the guy.

 

Opt for a professional outfit that has a solid reputation in your area. Companies like William Pitt have a varied portfolio of properties, and the chances are yours could fit right in. As well as a real estate agent, you need the services of a top quality property lawyer to navigate the legalities of selling your home.

 

Decorate

 

While it may seem counterintuitive to decorate your home as you are planning to wave goodbye to it, a quick lick of white or magnolia paint to cover up the highly personalized purples and yellows can work wonders. Instead of a colorful abode, your buyers will be greeted by a sleek and modern pad ready for them to make their own mark on.

 

Dress your home appropriately with decent furnishings. If your money won’t stretch to purchasing a new sofa for the living room, hire one. Dressing your home will help seduce your buyers with a lifestyle. At the same time, you need to show off the space and airiness of your pad. Don’t leave untold amounts of clutter adorning every orifice of your rooms. This gives the impression that your home is poky and that they would outgrow it. Never say you are leaving because you need a bigger place. It always rings alarm bells in a buyer.

Image by

 

Curb Appeal

 

For a few hundred dollars you can revolutionize the facade of your home. Clean the windows, paint the front door, off the lawn and weed the driveway. Put out a few colorful pots of foliage and create a welcoming atmosphere for your viewers. The chances are they will make their mind up about your home as they walk up to your drive.

 

Forget seeing your home languishing on the market and follow this guide to see your home sell fast.

 

Please follow and like us: