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:

Selling Your Home – Tips

https://pixabay.com/photos/key-home-house-estate-business-2323278/

 

There are many reasons why you may have decided to put your property on the market. Perhaps you’re adding to the family and you need somewhere bigger? Maybe you are ready for a new adventure and are moving overseas? Or, have you found a better house a few blocks away? No matter the reason, you need to make sure you present your property in the greatest light. Find out how you can increase your chances of a quick and successful sale. 

 

A Warm Welcome

 

The first thing you need to do is make sure the entrance to your home is a welcoming one. A lot of people underestimate the importance of having a stylish front door and a clean porch. This is the entryway to your home. It sets the tone for the rest of the property. This is your opportunity to impress and get your viewers excited about the rest of the house, so don’t waste it. 

 

Sweet Smells

 

A lot of people do not realize that their house smells because they are so used to it. This is especially the case for those who have pets. Get someone you trust to give you an honest opinion regarding what they can smell when they walk into your home. After all, last night’s takeaway is not going to encourage a quick sale, is it? Instead, you need to add a pleasant but subtle smell to your home, which you can easily do via scented candles or a diffuser. 

 

Present The Lifestyle

 

When you are selling a property, you are not just selling the walls and floors. You are selling a lifestyle and a neighborhood. It is important to remember this. This is why professional home stagers recommend getting rid of all personal photographs. Items like this act as a barrier, making it difficult for property viewers to imagine themselves living in your home. It is all about presenting your house in a manner that makes it possible for others to imagine the amazing life they could have there. If the viewers aren’t familiar with the area, why not provide them with some helpful leaflets and pamphlets regarding the schools and such like in the area? 

 

No Secrets

 

The final piece of the puzzle is to be honest. Don’t assume you can cover up water damage with paint or that a roof problem will be overlooked because the buyer isn’t going to climb up there! If you know you have an issue with your roof, it is better to pay for a roofing company to rectify this before you put your property on the market. The same goes if your siding is damaged or there are any other issues. Otherwise, when the buyer gets a professional survey carried out, the issue will be flagged and you will end up with egg on your face. This could cost you the sale.

 

Selling a property is a big undertaking. By being truthful, making your home welcoming, and presenting it in a manner that makes it easy for people to envision living there, you should be able to secure a sale sooner rather than later.

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:

The Internet Of Things And How It Can Help You Sell Your House

Image Source

 

If you were to think about the defining features of the zeitgeist, what would you say? The financial crash of 2008 was a massive event, and its effects are still being felt. The developments in politics around the world are also playing a large part in shaping society today. However, in the last twenty years or so, it could be argued that the single biggest change is the digital revolution. The internet was invented in the early nineties by a British scientist called Tim Berners-Lee who just wanted to make it easier to access documents wherever he was in the CERN complex in Switzerland. It now connects an estimated 3.7 billion people, or about 49.6% of the world’s population. Its impact can be seen in lots of different parts of life. For instance, the Arab Spring of 2010 was in large part facilitated and enabled by access to the internet, and social media sites in particular. On the other hand, Facebook is now cited in one-third of the divorces filed in the United States of America. The internet, like every other tool, is effective relative to the ways in which it is used.

 

If you are trying to sell your house at the moment, you may want to check up on the infrastructure of your property’s internet connection. 73% of households in the US have a broadband connection, so if your house does not, or it is slow, you should think about investing some money in improving it. The nature of real estate is such that you have to be able to appeal to the prospective buyers. That may mean having all the fundamentals in place that they expect from every property, but it also means setting yourself apart and proving that your property is the perfect one. One way to do this in the modern era is by embracing the ‘internet of things.’

 

This means getting tech that allows you to communicate with your house more effectively. A lot of the cool gadgets that you can get around the house are still reasonably new to the market and therefore sometimes quite expensive, but they can make your life so much easier. For instance, both Amazon and Google have launched products that respond to your voice and let you control your ‘smart home’. This may mean being able to dim the lights just by saying that you want them dimmed, or putting on a load of washing while you are still on your commute home from work. One innovation that is particularly good if you are trying to appeal to prospective buyers is the smart technology that allows you to protect your property. For example, you can now get security cameras that will stream a 24-hour high definition video to your phone or tablet. You can also get motion sensors for your doors and windows which will notify you on your smartphone as soon as it detects something that should not be there. Sometimes it is just going to be a cat, but if it is a cat burglar, that extra bit of time could be the difference between losing your stuff and keeping it. These sorts of measures will appeal to buyers and may help you sell your house quicker for a greater price.

Please follow and like us: