When you buy your first house you may not know what you are getting yourself into. Seeing as you have never purchased a home before you will likely have no clue as to what all the ins and outs of the first time home buying process will be. In order to make things less complicated in the entire buying process it’s vital to understand a few key elements of the process.
The very first thing to understand is that purchasing a home is the right thing to do. Not only will you have a pretty home in which to live you can call your own but you also will be making an investment in your future and in the future of your kids. Regardless of the problems that arise when buying a house it’s going to be the right thing to do.
The simplest way to start a home searchis to look on the internet. Looking online will help you find a virtually unlimited number of houses in your neighborhood that you can buy and the Web is the number 1 place to search for houses. You can also use papers, advertisements, real estate agencies, and any other strategy of searching for a house that you can think of. The more options you’ve got the better the price you’ll be in a position to get.
You may find that it takes a few months to find the right house as you will need to look over a bunch of houses in order to find the right one for you. If you are taking a year or two to purchase a house you may not be sufficiently motivated to make the choice to finally buy. You ought to be able to find a good house within just a few months.
You will probably end up seeing as many as 20 or 30 houses before you make the choice to buy one. This is simply because there’ll be so many houses that almost have exactly what you need but will have one or two straightforward things omitted. You may be fortunate enough to find a home within the initial few viewings but it is still crucial that you take a bit of time to check out other houses in order to be certain that you find the best one.
Take pictures of each house you see as that will permit you to compare each house once the fun of seeing a pretty new hose wears off. Take extensive notes of each house and pay attention to the surroundings of each home. Identify which homes location is best and make an assessment right after viewing the home.
Ken Schmidt is a real estate specialist in the Phoenix metro area focusing on Scottsdale real estate and Las Sendas.
Take a view of what house prices are doing in each of these regions of the country.
Information on the KCM Blog
HUD (through their local, contracted vendors) performs three vital inspections in preparation for putting a house on the market.
I have been talking with a lot of home buyers who seem to be procrastinating on their decision to buy a house. My main concern for home buyers is that they are going to miss the ever shrinking time slot for buying a house while the prices are still recovering. Prices are definitely increasing.
However, there is another point of concern. I firmly believe we are near the point where interest rates are going to begin to rise. When that starts, there are going to be a lot of people saying “I wish I had bought when the interest rate was 4%.”
I found an article that seems to echo my concerns.
Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.
The National Association of Realtors® 2013 Profile of Buyers’ Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012.
1. Both asking price and rents jumped 5 percent from last year
Trulia’s latest Price and Rent Monitors showed a big boost in asking prices across the U.S. – up 5.1 percent year-over-year. This a drastic change from the double digit declines of previous years.
The relevant news for your buyer and seller prospects isn’t just that home prices are climbing, but that renting is getting more expensive as well. The statistics showed rents are up 5.2 percent year-over-year.
If you understand supply and demand, it’s obvious that these two facts point toward more real estate moves happening, and that consumers have gotten over the angst of previous years and shifted into the “recovery mindset.”
I’m sorry, Mr. & Mrs. Seller, but don’t shoot the messenger.
Whenever a good Realtor talks to you about listing your house for sale, they should always go into a discussion about pricing the house correctly so it will sell. Some agents will promise a price in order to “buy” the listing, but the good agents will fight with the seller to get the house listed at a price where the house will sell.
How to Pick Paint Colors
By: Jan Soults Walker
Published: December 17, 2012
Paint has remodeling power when you use it to emphasize a room’s best features or play down the flaws.
“Paint is a powerful tool that can enhance the architectural character and intent of space,” says Minneapolis architect Petra Schwartze of TEA2 Architects. “As you choose your paint, think about what the experience in the room should be.”