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cchalfin · 10 years

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Real Estate: What You Need To Know To Make A Great Purchase

If you've been thinking about buying a home, you are not alone. There are so many great deals out there which is tempting to take advantage of. While that is a good idea, there are a lot of things to consider. Take the advice in the rest of this article to help you on that journey.

If you are making an offer on a home, try to stay away from making an offer that is extremely far under the asking price. When you do this, the seller of the house may not be interested in your offer and may be turned away from you. If you keep the offer at a reasonable lower price, the seller might actually consider it.

Don't make an offer on the first home you see. Even if you think you have found your dream home on the first visit, take the time to really look around before committing. Look at other homes in the area and really get to know the neighborhood. Buying a home is a big commitment, and one that should not be rushed into.

If you are considering buying a house in a certain area, think about the area's future prospects for growth. There may be a grassy meadow across the street from the house you are considering, but that might be a mini-shopping mall in five years. Try to choose a home where you can be sure of the surrounding area for years to come.

Keep an eye on the economic market. Buying a home when the market is lean is a smart move if you can afford it. Home values rise and fall with the economy, so if you buy a home when the economy is low, chances are very good that the home will increase in value. On the contrary, if you purchase a home when the economy is booming, you may end up with a mortgage worth more than the home when the boom ends.

Do your research before buying your first home. For the first time home buyer, it is an exciting but often confusing time. Before looking at any houses, learn about the financial aspects of purchasing a home: the difference between fixed and adjustable rate mortgages, closing costs, real estate tax and home insurance. Use a mortgage calculator to figure out exactly how much you can afford and get a pre-approval letter from your lender.

Now is a great time to get into the housing market. You will stand to make a great deal of profit in the long run. Take the advice that has been given to you in this article, and you already will be ahead of the game. Your perfect house is out there.

You Will Want A Professional Real Estate Agent Handling The Sale Of Your Home

Why Rent a Room When You Can Rent a House?

Selling Your Home – Alone Or With A Broker?

#buy homes #real estate #buying a house #real estate agent #purchase a home

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cchalfin · 10 years

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Selling Your Home – Alone Or With A Broker?

How do you decide whether to sell your home (or land, farm, ranch, etc.) on your own or use a real estate broker? There are advantages and disadvantages to each approach. Let’s look at some of the key ups and downs. Only you can decide which approach has the most benefit in your situation.

Why go FSBO?

The downside to going FSBO is it takes your time to market and show the property. (You’ll need to prepare your property for sale in either case, but that’s a whole separate topic.) You also need to be familiar with how the real estate sales process works in your part of the country. It is not necessary to be an expert; just make sure you understand what things one must generally deal with in a real estate sales transaction.

Also, it’s important to have access to the helpers you need. Examples include a lender who is willing to qualify your prospective buyers, someone qualified and willing to draw the sales contract and a person or firm qualified to close your sales transaction. Fortunately, there are many lenders and settlement offices willing to work directly with the principals to a transaction. And, for the brave and hopefully, very experienced, there are on-line, fill in the blank, sales contracts.

Why use a broker?

Does the above discussion leave you feeling insecure instead of alert, thoughtful, and excited? If so, you probably want a real estate broker to sell your home for you.

Other instances when you may want to use a broker include:

Inexperience - If you have not had much experience buying and selling homes, a broker may be the answer.

Local Conditions – Are you aware of the unique issues of the geographic location? If you have bought and sold in Virginia (where termites and radon are concerns) and you are now planning to sell the one home you’ve owned in Colorado (where water and mineral rights might be on the discussion table), it’s possible you may want a broker.

Time, Time, Time - If your profession provides for you and your family very well, but takes up enormous amounts of your time, ditto.

If you have no notions about how you’d go about marketing your home using the Internet, magazines, newspapers, bulletin boards, brochures, signs, word-of-mouth, etc., a broker can get you the marketing exposure you need.

The Right Choice?

There is no one right choice. Only you can decide what’s best for you. Hopefully, this look at the pros and cons will get your mental juices flowing nicely. I hope your sale goes smoothly.

#for sale by owners #real estate broker #real estate #sell homes

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