Paula Glazebrook's Blog
A diligent homebuyer understands what it takes to shop for a residence. As such, this individual may be better equipped than others to discover a house that matches or exceeds his or her expectations.
Ultimately, there are many reasons to become a diligent homebuyer, including:
1. You can boost your chances of acquiring a top-notch residence.
Buying a home can be a long, complex process, particularly for those who lack housing market insights. Fortunately, it is easy for any homebuyer to become a diligent homebuyer, thanks in large part to the wealth of housing market data that is available.
A diligent homebuyer can analyze the prices of recently sold houses, along with the prices of homes that are currently for sale. By doing so, a diligent homebuyer can understand whether he or she is shopping in a buyer's or seller's market. This homebuyer also may be able to narrow his or her home search.
For those who want to acquire a first-rate residence, diligence is paramount. And as a diligent homebuyer, you may be able to identify many opportunities to purchase a deluxe residence.
2. You could save money on a home purchase.
When it comes to shopping for a home, there is no need to overspend, regardless of whether you're searching for a residence in a buyer's or seller's market.
Meanwhile, a diligent homebuyer is a thrifty home shopper who understands how to save money on a house.
A diligent homebuyer, for example, may be more likely than others to get pre-approved for a mortgage. This homebuyer will meet with a variety of lenders and learn about all of his or her mortgage options. That way, a diligent homebuyer can enter the housing market with a budget in hand and avoid the temptation to overspend.
Furthermore, a diligent homebuyer knows how to stay calm, cool and collected in stressful price negotiations with a property seller. This homebuyer will possess the housing market insights to make an informed purchase decision. In addition, he or she will have the confidence to walk away from a potential home sale if price negotiations get out of hand.
3. You can accelerate the homebuying process.
Although a diligent homebuyer analyzes real estate market patterns and trends closely, he or she usually realizes that navigating the housing sector alone can be tough. Thus, a diligent homebuyer may reach out to a real estate agent for extra help.
A real estate agent can provide even a diligent homebuyer with the necessary assistance to speed up the homebuying cycle. This housing market professional can help a homebuyer understand and overcome assorted property buying hurdles. Plus, he or she can offer expert insights into the housing market that a homebuyer may struggle to obtain elsewhere.
If you plan to purchase a house in the near future, it definitely pays to become a diligent homebuyer. This property buyer will be able to browse a broad array of high-quality houses, assess these residences effectively and seamlessly move through the process of acquiring the perfect home at the lowest price.
There are a lot of real estate agents out there to choose from. It might be hard to tell one from another. There’s so many ways to find an agent these days including recommendations from friends and family to simple online searches. You want an agent that understands your needs from the neighborhoods that you’re looking to buy a home in, to the layout of the market that you’re selling in. Each agent has different specialties from relocation needs to foreign languages to FHA approved property searches. Below, you’ll find some tips to help you find the perfect realtor for you.
Pick Someone Who You Can Have Straight Talk With
You’ll need to like the person you pick as your realtor, but you’ll also need someone who you can talk business with. You don’t want a family member who you don’t feel comfortable knowing your financial picture, or someone who won’t understand your desire for a certain location or neighborhood.
Match Your Personality
You’ll be in touch with and will be spending a lot of time with your realtor. You want to find a realtor who can work well with you. Match your personality with theirs. Do you like someone who is a bit aggressive? Would you rather have a realtor who is a bit more easy-going? How often do you want to be in touch with your agent? Just remember that if you don’t like your agent, there’s a good chance that other people may not like your agent either!
The Choice Is Yours
Remember that the choice is yours when you’re looking for a realtor. You want to find a realtor who you know you’ll work well with. You also want to know that your realtor will work for you. It’s important that your realtor be ethical, communicative, and be a part of your team throughout the process of buying and selling. Here’s some questions that you should ask your realtor in order to help you understand if they’re a good fit for you:
- Will I be working with you exclusively?
- Are you a full or a part-time agent?
- How much experience do you have?
- What broker do you work for?
- Have you closed homes in this neighborhood before?
- Do you work with any lenders or have a seasoned team to help us through this process?
If you want to find and purchase a great house at a budget-friendly price, it helps to enter the homebuying journey with a plan in hand. Lucky for you, we're here to help you prepare for all stages of the homebuying journey.
Now, let's take a look at three tips so you can set yourself up for success as you search for your dream residence.
1. Make a List of Home Must-Haves
The definition of a dream home varies from buyer to buyer. To define your dream home, you should craft a list of house must-haves and use this list to streamline your quest to acquire your ideal residence.
Think about which home features you need. For instance, if you require a house that boasts multiple bedrooms, you can tailor your house search accordingly. Or, if you need a home that is close to your office, you can search for a residence that provides convenient access to your office.
You may want to make a list of preferred cities and towns, too. This list will enable you to focus on available houses in cities and towns that match your expectations.
2. Create a Homebuying Budget
Learn about different types of mortgages – you'll be glad you did. Because if you make an informed mortgage selection, you can begin your home search with a budget at your disposal.
Generally, it is a good idea to meet with banks and credit unions before you launch a house search. Banks and credit unions are happy to teach you about myriad types of home financing. Then, you can select a mortgage that can help you make your homeownership dream come true.
If you are unsure about how various mortgage options work, there is no need to stress. Banks and credit unions employ courteous, knowledgeable mortgage specialists, and these professionals can teach you everything you need to know about home financing.
3. Collaborate with a Real Estate Agent
A real estate agent is a homebuying expert who is happy to share his or her housing market insights with you. By doing so, a real estate agent will help you achieve your desired homebuying results as quickly as possible.
Typically, a real estate agent takes an in-depth approach to the homebuying journey. He or she first will learn about you and find out what you want to find in your dream residence. Next, a real estate agent will help you narrow your house search to residences that satisfy your needs and keep you up to date about available homes that may suit you perfectly. If you find a home you want to buy, a real estate agent then will help you craft a competitive offer to purchase this residence. Finally, if your offer to purchase a house is accepted, a real estate agent will help you complete the homebuying journey.
Want to acquire your ideal residence? Take advantage of the aforementioned tips, and you can put yourself in position to succeed as you pursue your dream home.
Over the last several decades, green living has become less of an alternative lifestyle and more of a mainstream effort.
These are just a few of the top green living trends that are taking shape in 2021:
Packaging Without Plastics
Since plastic is cheap and easy to produce, it is present in nearly every type of packaging. In 2021, the effort to remove plastics from as much packaging as possible has begun in earnest. Not only are major corporations and businesses working to eliminate plastic from their packaging and working toward more sustainable options, but individuals also are working to reduce the amount of single-use plastic that they consume on a daily basis. An easy way to get started is to invest in reusable lunch bags or metal straws in order to move toward a life without plastic waste.
Choosing to Work from Home
When the pandemic hit in the early months of 2020, thousands upon thousands of people found themselves thrust into the world of remote working. All of those Zoom meetings were awkward at first, but the workforce quickly became accustomed to the reality of working from home. Now, in 2021, many are finding that remote work is the more sustainable option. It cuts down on the amount of travel to and from the office and many long-distance work trips can now be completed virtually with ease. Instead of feeling forced into this situation, many are opting to reduce their carbon footprint by continuing to work from home.
Downsizing Living Spaces
People have learned that bigger isn't always better when it comes to living spaces. In fact, many are opting to downsize and purchase smaller homes than the ones that they already have. Smaller homes use fewer resources and cost less to maintain, making them a more sustainable option in both the short- and long-term. It's not just tiny homes that are in high demand, but also houses that offer fewer square footage than their mega-sized counterparts that seemed to dominate the real estate market for decades.
Carbon offsetting is a process that many companies and individuals are adopting in order to reduce their ecological footprint. The term essentially refers to taking environmentally-friendly actions to make up the "cost" of everyday business practices. For example, a person who ships products regularly for their small business may offset the carbon emissions from those actions by donating money to plant trees in a specific part of the world.
As opposed to other trends - such as up-and-coming fashion and home decor ideas - green living trends are here to stay. Once a sustainable trend takes hold within a community it quickly becomes the norm. This is largely due to the fact that people see and recognize how important it is to adjust their own habits in order to protect the world for future generations. So while these ideas are trending now, you can expect even more exciting opportunities and movements in the future.
If your lender does not demand it, skipping the home inspection might be fairly tempting as you move toward closing on the house of your dreams. Although moving full steam ahead might provide what you need in the moment, that decision could end up causing problems in the future. So, even though it will take a little bit extra time, here’s why you should always have an inspection performed before you commit to buying a home.
Puts the Spotlight on Safety Issues
Home inspectors go through the entire property with a fine tooth comb, looking for safety issues and other faults. As they go, they check off all the issues, so they can create a detailed report at the end of their visit.
Depending on what they find, they might note:
- Mold and mildew
- High radon levels in the soil
- Defective electrical equipment
- Failing roofing materials
- Missing smoke detectors
- Lead paint
- Asbestos materials
With that information, you will know just what needs to be fixed before you move in, helping keep everyone in your household safe from harm.
Verifies All Work is Permitted & to Code
While inspecting the home, your inspector will verify all work is completed to code and under the right permits. They will compare the structure’s characteristics to the building blueprints and other documents to make sure all is well. Their efforts will help prevent problems in the future when you go to have the residence remodeled or even put it back on the market.
Allows for Easier Negotiations
If the inspection reveals any problems that might be a dealbreaker for you, the report can be used to negotiate with the seller. Your real estate agent can help in negotiating a price break or even to have repairs performed before closing. Then, you can have another inspection performed to verify the safety hazards or other issues are rectified before completing the purchase.
Supports Your Future Budgeting Needs
Even if you do not find any major issues with the home, you can still use the inspection report to your advantage. As you review the notes, watch for any developing issues that might require maintenance or repairs in the near future. Then, use that information to save up money for the work and complete it before the problems escalate. With that approach, you are less likely to be caught by surprise by leaks, appliance failure, or any other issues that could come your way.
Even though it might push back your closing date by a bit, you are not likely to regret having a home inspection performed. The report will provide invaluable information that allows you to move forward with confidence you are making the right purchase decision.