Lorraine Herbert's Blog
In today’s world, everything is online. You probably have started your home search online as well. It’s plain fun to look at real estate. You can dream of living in a place you can’t afford. You might never see any of those listings that you’re browsing in person. Should you?
No matter when your home search may become a reality, there are a few benefits to seeing houses in person.
You’ll See What Your Money Can Get You
What you want and what you can afford may be far apart. You won’t understand the reality of the housing market unless you see it firsthand. By looking at what’s available on the market at a given time, you will be able to see how much house your dollars will buy you. Knowing what you can afford will help you to keep your expectations in check when you do head out to search for a home. Looking at what homes are on the market can actually help you to help your real estate agent find you something that will suit your needs. There’s nothing worse than telling your agent that you want a home that’s impossible to find.
You’ll Meet Real Estate Agents
By going to open houses, you’ll be able to meet different real estate agents. Through this process, you could very well meet the agent who will help you to find your dream home. If you like the way an agent is helping to sell a home, you’ll very likely get along with them as a buyer.
You Will Know How Much Competition You Have
If you’re attending open houses and find that there are many other people there the same time as you, it could be a sign that the market has tight competition. A lot of open house attendees means that prices are higher because the competition is fierce. You may have to offer above asking price in order to secure a deal on a home.
You’ll Learn Different Areas
Open houses can bring you to places you may have never thought of living before. You’ll get a sense of what different neighborhoods are like if you spend some time exploring through attending open houses.
You’ll Learn What You Can Live With
It’s easy to have a concrete picture in your mind of what you want in a home and what you can deal with. When you see houses firsthand, you may be able to open your mind a bit as to the type of home you’re seeking.
An open house may prove to be exceedingly important, particularly for a buyer who plans ahead and makes the most of this opportunity. Because if a buyer enters an open house with a plan in hand, he or she can gain the necessary insights to determine whether to set up a home showing or consider other residences.
Now, let's take a look at three things that every buyer needs to know about open houses.
1. Open houses generally take place on weekends.
If you plan to pursue a home in the near future, you may want to keep your weekends open. That way, you can attend as many open houses as possible and boost the likelihood of discovering your ideal residence.
Most open houses are held on Saturdays and Sundays, and these events may begin late in the morning and end late in the afternoon. There is no requirement to attend an open house as soon as it begins. However, it is important to remember that the early bird catches the worm. And the sooner you attend an open house, the sooner you can determine whether a residence is right for you.
2. Each open house is designed to provide a stress-free experience.
During an open house, you can walk around a residence and explore all aspects of a home at your own pace. Meanwhile, a seller's real estate agent is present and can respond to your concerns or questions as well.
Oftentimes, it helps to craft a list of questions prior to an open house. This will enable you to receive immediate responses to your queries from a seller's real estate agent.
You also may want to carry a notepad and pencil with you as you walk through an open house. This will allow you to keep track of any notable home features or flaws, and ultimately, weigh the pros and cons of a residence.
3. An open house provides no guarantees.
There is no guarantee that you'll find your dream residence during the first open house you attend. In fact, you may need to attend dozens of open house events before you discover a home that matches or exceeds your expectations.
As a buyer, there is no need to leave anything to chance as you search for your ideal house. And if you collaborate with a real estate agent, you can stay up to date about open house events for residences that correspond to your homebuying criteria.
A real estate agent is a property buying expert and will do everything possible to help you discover your dream house. In addition to keeping you informed about open house events, a real estate agent will set up home showings and offer homebuying recommendations and suggestions. By doing so, a real estate agent will help you achieve the best-possible results during the property buying journey.
Hire a local real estate agent today, and you can take the first step to find and buy your dream house.
Do you enjoy the hustle and bustle of the big city? If so, you're sure to enjoy a city home.
Ultimately, there are many reasons to consider purchasing a home in a big city, including:
1. You can enjoy quick, easy access to public transportation.
Let's face it – owning a car sometimes can be problematic, and the costs associated with fuel, insurance and maintenance can add up quickly. However, you may be able to cut out some of these expenses if you live in the city.
Many cities feature public transportation systems that make it simple to travel from one location to the next. That way, you can avoid the hassles commonly associated with car ownership.
2. You can check out a broad assortment of attractions and entertainment.
The lights are always brightest in the city. Here, you can visit museums, historic landmarks and other attractions any time you choose.
For those who live in the city, you should have no trouble accessing a massive assortment of attractions and entertainment. From live theater performances to sports events, you can enjoy fun experiences in the city year-round.
3. You can visit a wide range of high-quality restaurants.
Foodies rejoice! Cities are home to some of the world's best restaurants, guaranteeing you can sample gourmet cuisine that you may struggle to find elsewhere.
Whether you appreciate traditional pub fare or elegant French dishes, you're sure to find exactly what you're looking for at a city restaurant. Plus, many city restaurants offer take-out menus, ensuring you can get first-rate cuisine delivered to your home.
How can you obtain a home in the city?
You don't need to be a millionaire to purchase a city home. In fact, here are three tips to ensure you can acquire an outstanding city house at a price that meets your budget:
1. Browse the housing market closely.
New homes reach the real estate market every day. As a homebuyer, you'll want to explore the housing market closely to find a residence that you can enjoy both now and in the future.
Examine the prices of recently sold homes in the city. Also, be sure to check out a variety of residences in-person. By doing so, you can understand what you can afford and map out your homebuying journey accordingly.
2. Get pre-approved for a mortgage.
Meet with multiple banks and credit unions before you begin your search for a city house. This will enable you to get pre-approved for a mortgage and kick off your home search with a homebuying budget in hand.
3. Work with a real estate agent.
Hire a real estate agent who understands a city's real estate market. This real estate professional will offer honest, unbiased homebuying recommendations. That way, you can accelerate the homebuying process and avoid the risk of spending too much on a city home.
Use the aforementioned homebuying tips, and you can move one step closer to securing your dream home in the city of your choice.
If you intend to purchase a house, it helps to submit a competitive offer. In fact, if you submit a competitive offer, you may be better equipped than ever before to enjoy a fast, seamless homebuying experience.
Ultimately, there are many reasons to submit a competitive offer on a home, and these include:
1. You can increase the likelihood of an instant "Yes" from a home seller.
Let's face it – no home seller wants to deal with a "lowball" offer on a house. Fortunately, a competitive offer helps improve your chances of receiving an instant "Yes" from a seller, thereby increasing the likelihood of a stress-free homebuying experience.
A homebuyer who allocates the necessary time and resources to understand a house and its strengths and weaknesses should have no trouble defining a competitive offer. Then, this buyer can submit a proposal that accounts for a house's age and condition. And if a seller accepts the homebuying proposal, both the buyer and seller can work together to finalize a purchase agreement.
2. You can open the lines of communication with a home seller.
Although a competitive home offer may suit your interests, it may not match a seller's expectations. However, a buyer's decision to submit a competitive proposal may open the lines of communication with a seller.
If a buyer submits a lowball proposal on a house, he or she may receive an immediate rejection from a seller. Comparatively, a competitive home offer may force a seller to consider his or her options closely. And even though a seller may not be fully satisfied with the proposal, he or she could counter the offer and negotiate terms with a buyer.
3. You can avoid the risk of overspending to acquire a residence.
A homebuyer who analyzes the real estate market can find out what a home is worth based on a variety of housing sector conditions. Therefore, this buyer can submit a competitive offer, one that minimizes the risk that he or she will overspend to acquire a residence.
When it comes to putting together a competitive home offer, you may want to collaborate with a real estate agent as well. This housing market professional can work with you throughout your home search and ensure you can pounce at any opportunity to purchase your ideal house.
A real estate agent understands all aspects of the housing market. He or she will help you search for residences in your preferred cities and towns. Plus, once you discover your dream house, a real estate agent will make it simple to put together a competitive offer.
Furthermore, a real estate agent is happy to respond to your concerns and questions throughout the homebuying journey. This housing market professional will offer expert homebuying insights, enabling you to make the best-possible homebuying decision.
Limit the guesswork associated with submitting a competitive homebuying proposal – use the aforementioned tips, and you can make an aggressive offer on any house, at any time.
If you plan to buy a home in the upcoming days, weeks or months, it often pays to learn about the real estate market. By doing so, you can understand various best practices for purchasing a house and streamline the homebuying process.
Ultimately, there are several best practices for buying a house, and these include:
1. Become a Homebuying Expert
What differentiates a buyer's market from a seller's market? How do you submit an offer on a house? And what should you expect during a home inspection? These are just some of the questions that you'll need to consider to become a homebuying expert.
As a homebuying expert, you'll be better equipped than others to plan a successful homebuying journey.
Typically, a homebuying expert asks lots of questions and devotes the necessary time and resources to learn about the housing market. This individual also is open to expert homebuying advice and recommendations and will do whatever it takes to discover the right house, at the right price, regardless of the real estate market's conditions.
2. Get a Home Loan
For those who plan to buy a house, it helps to save money in advance. That way, you can shop for a house and have sufficient funds available for a sizable down payment.
Furthermore, you should start searching for a home loan as soon as possible. Because the sooner that you secure a home loan, the sooner that you can kick off a home search with a budget in hand.
To obtain a home loan, you should meet with several banks and credit unions. These lenders will evaluate your credit history, income and other financial factors and make a home loan offer.
After you accept a home loan offer, you can officially start your home search. And if you find a home that you'd like to buy, you can submit an offer without having to scramble to get a home loan at the last possible moment.
3. Collaborate with a Real Estate Agent
When it comes to buying a home, hiring a real estate agent is essential. In fact, a real estate agent will provide plenty of support throughout the homebuying journey, ensuring that you can discover your dream house without delay.
A real estate agent first will learn about your homebuying goals. Then, this housing market professional can help you narrow your home search.
In addition, a real estate agent will set up home showings, submit home offers on your behalf and keep you up to date on homebuying negotiations. Perhaps best of all, if you ever have homebuying concerns or questions, a real estate agent is happy to respond to them at any time.
Buying a home can be a quick, seamless process, particularly for those who work with a real estate agent. Reach out to a local real estate agent today, and you can move one step closer to making your homeownership dreams come true.