Henry T. Matos' Blog
A showing enables a buyer to walk through a residence and envision what life may be like if he or she purchases it. And if a buyer crafts a home showing strategy, he or she can make the most of this opportunity.
Now, let's take a look at three tips to help you plan ahead for a house showing.
1. Review the Home Listing
A home listing may include details about a house, as well as images that depict different areas of a residence. It also may feature information about various attractions and landmarks near a house.
By reviewing a listing prior to a showing, you can double-check to ensure a home falls in line with your homebuying goals. Plus, you can use a listing to understand what you may see during a showing and establish realistic expectations for a residence.
2. Make a List of Questions
There is no reason to enter a showing without a list of questions about a residence. Because if you attend a showing without questions in hand, you risk missing out on valuable insights about a house that otherwise could help you determine if a home is right for you.
As you create a list of home showing questions, consider what you want to know about a house that you were unable to learn from the residence's listing. For instance, you may want to ask why a seller has decided to list his or her house. Or, you can craft questions about utility expenses and other home costs so you can get the information you need to analyze a house.
3. Prepare Your Home Showing Essentials
A home showing is a learning experience unlike any other, so it often helps to put together a bag of must-have items for the event.
For example, you may want to bring a pen and paper so you can take notes during a house showing. Meanwhile, some buyers carry a camera with them so they can capture photos of a house and review them after a showing.
As you prepare to attend a home showing, you may want to consult with a real estate agent as well. This housing market professional can take the guesswork out of planning for a showing and help you gain the insights you need to assess all aspects of a residence.
Typically, a real estate agent will meet with a buyer prior to a showing and offer insights into a house. A real estate agent and buyer then will attend a showing together and walk through a house. After a showing is complete, a real estate agent and buyer next will discuss the house and weigh its advantages and disadvantages. At this point, if a buyer wants to submit an offer to purchase a particular home, a real estate agent will help him or her craft a competitive homebuying proposal.
Want to maximize the value of a house showing? Use the aforementioned tips, and you can plan ahead for any home showing, at any time.
If you plan to buy a house, you may want to host a yard sale sooner rather than later. That way, you can sell items you no longer need and won't have to worry about moving these items once you find a new residence.
Ultimately, there are many reasons why it may be beneficial to host a yard sale before you kick off the property buying journey. These reasons include:
1. You can earn extra cash.
Let's face it – purchasing a home can be expensive, regardless of where you decide to live. Fortunately, if you host a yard sale, you can earn extra cash that you may be able to use to cover assorted homebuying and moving expenses.
Whether it's the costs associated with moving supplies or the closing fees on a new home, expenses can add up quickly during the homebuying cycle. Thankfully, by hosting a yard sale, you can simultaneously cut down on unwanted items and earn cash from these items.
2. You can start packing.
As you separate items you want to keep from those you want to sell, you can start packing for your eventual move. Thus, hosting a yard sale may help you kick off the process of moving from one location to another.
Of course, as you start packing, you also may want to reach out to local moving companies. This will allow you to learn about local moving companies, find out their rates and determine whether a moving company is a viable option for your eventual move.
3. You can move one step closer to finding your dream home.
Hosting a yard sale provides a great opportunity to connect with community members and tell them about your plans to search for a new house. In some instances, community members may be able to help you accelerate your search for your dream residence too.
A yard sale may prove to be exceedingly valuable for an individual who wants to start a house search soon. And if you are ready to explore the local housing market following your yard sale, you may want to consult with a real estate agent.
Typically, a real estate agent streamlines all stages of the homebuying journey. He or she will help you pursue houses in your preferred cities and towns so you can find your dream home. Then, a real estate agent will ensure you can submit a competitive offer to purchase your ideal residence. If your homebuying proposal is accepted, a real estate agent next will help you finalize your home purchase.
A real estate agent is an expert resource throughout the homebuying journey. If a homebuyer has questions as he or she searches for the right house, a real estate agent can quickly respond to them.
Host a yard sale before you purchase a house – you'll be glad you did. Because if you host a successful yard sale, you can take the next step to find and buy your ideal home.
Once you have found the home that you want to live in, put in the offer, and start the process of closing on a home, you may feel like you’re “home free.” The hard part may technically be over, but there’s one more important thing that you need to think about before you get the keys to your place: Closing costs.
A few days before you head to sign all of your paperwork to close on the home, your lender will send you a detailed report of different closing costs that you need to pay upon the settlement of the property.
Closing Costs Defined
Closing costs are what you pay to the lender and third parties. These are due at the time of closing on the property and must be paid up front. You should estimate that your closing costs will be between 2 and 5 percent of the purchase price of the home.
Everything Included In Closing Costs
Closing costs cover both one-time and recurring fees that are a part of your home purchase. The one-time fees are things that are generally associated with buying the home. These would include attorneys fees, lender fees, home inspection fees, document prep fees, underwriting fees, credit report fees, and realtor fees. You’ll also need a bank issued check for your down payment at this time.
At closing, an escrow account will be set up. This is like a forced savings account that will be drawn from to cover things like taxes, insurance, loan interest, and title insurance. These are all very important costs that are a part of buying a home.
Do Your Homework Ahead Of Time
The best way to deal with closing costs is to be prepared ahead of time. Talk to your lender in order to get an estimate of the closing costs. From there, you’ll need to decide if you need to finance your closing costs or simply pay them up front. There are advantages to both approaches. Sometimes, lenders will look at you as less favorable if you need to finance all of your closing costs. It all depends on the terms of your loan. This is why research is vital.
Compare Rates And Lenders
It’s important not to go with the first lender you talk to. Get some recommendations from your realtor and friends to see who might be a good fit for you. Every lender specializes in something different, so you want to be sure that who you chose is a good fit for you.
The most important thing that you can do with closing costs and the financing of your home is to get educated!
Let's face it – buying a home can be difficult, particularly for those who are exploring the real estate market for the first time.
As a homebuyer, it is your responsibility to learn about the ins and outs of the housing market. By doing so, you can understand what differentiates a high-quality house from a subpar residence and proceed accordingly.
Furthermore, an informed homebuyer will know how to evaluate a home's exterior properly.
What does it take to conduct an in-depth assessment of a house's exterior? Here are three questions that every homebuyer should consider as he or she examines a home's exterior.
1. How do I feel about a home's exterior?
For many homebuyers, finding a house with an awe-inspiring exterior is a top priority. However, it is important to consider how you feel when you see a home's exterior for the first time.
A home's exterior should impress. At the same time, you need to evaluate a house's exterior in conjunction with other home features.
For example, a home may boast a massive kitchen and other dazzling interior features. On the other hand, a home's exterior may leave much to be desired.
Consider the pros and cons of a home's interior and exterior as you determine whether to submit an offer on a house. And if you need extra help along the way, be sure to consult with a real estate agent.
2. Will home exterior repairs be needed in the near future?
Examine a house's driveway, walkways and lawn as you conduct a home exterior evaluation. This will allow you to review the condition of these home exterior areas and determine whether repairs may be needed sooner rather than later.
Home exterior renovations sometimes can be costly and time-intensive. Thus, if you notice home siding that is cracked or other exterior issues, you will want to consider the time and expenses that may be required to fix such problems.
3. How much time will I need to commit to home exterior maintenance projects?
A home may have a beautiful exterior. In order to keep a house's exterior looking great, you'll need to conduct regular maintenance.
Consider what you will need to do to maintain a house's dazzling exterior as you explore all of the options at your disposal.
Will you need to hire a landscaping company to mow the lawn and trim the hedges? Or, are you willing to commit the time and resources necessary to perform assorted home exterior maintenance tasks on your own? These are just a few of the home exterior maintenance questions to consider as you review a property.
Of course, if you need guidance during the homebuying process, real estate agents are available to provide expert assistance.
A real estate agent possesses comprehensive housing market knowledge and can offer real estate insights that you may struggle to obtain elsewhere. With a real estate agent at your side, you should have no trouble examining a house – both inside and out – and making an informed homebuying decision.
Understanding how much your home is worth is important for a number of reasons. For one, when you go to sell your home, you’ll have an idea of how much equity that you’re working with. You may need to either refinance your home, take out a loan, or line of credit. Knowing the current market value of your home can give you a good idea of your finances and what to expect. Many people believe that their home is worth more than it actually is. In reality, your home is only worth what people will actually pay for the property in a certain time frame.
Some websites offer basic ideas of how much your home is worth. You can also use the Internet to search for comparable properties and see what has been sold, how much it has been sold for, and how much other homes that are similar to yours in the neighborhood are worth. You’ll need to be sure that the comparing properties include the same types of features as your own home in order to get a good estimate.
Consult A Realtor
Experienced realtors in your area are great resources for helping you to determine your property’s value. Many agencies offer free market value analyses, which can help you to see where your home would fall in the current real estate market. Realtors don’t get paid unless your home sells. They can use their many resources to work with you on the sale of your home and help you to price it appropriately.
Hire An Appraiser
If you want to dig a bit deeper in the pricing of your home, you’ll need to shell out a bit of cash. You could hire a certified appraiser who will dig deep into your property to determine the value. Once you find a buyer, another appraisal will happen on the property. The buyer pays for this. If you really want a good idea of how much your home is worth, hiring an appraiser beforehand is key. Keep in mind that appraisers may come up with slightly different estimates for the same home.
Know The Key Things That Affect Home Value
There are a few big factors that influence just how much your property is worth. While you may love your big kitchen, it goes a lot further than that. Factors that contribute to how much your property is worth include:
- The amount of land that you have
- The neighborhood your home is in
- The schools your home is near
- How many square feet your property is
- The condition of your home
- Any updates that have been made to the home
- The types of appliances you have
- Has the home ever been foreclosed on?
- Is your home energy efficient?
Based on all of this information, you’ll be able to get a good idea of what your home is worth. Beware of things that can cause a major financial setback on your home’s value like an urgent need for roof replacement, dated windows, or an unknown crack in the foundation. Getting an idea of what your home is worth is a great way to keep on top of your own assets whether you’re prepared to sell or just curious about numbers.