How To Buy A Home: Tips For Finding Your Perfect Property

Buying a house will be one of the biggest – and most expensive – decisions you will make in your life time. It doesn’t matter whether you are looking for a home for your family or a great investment opportunity, the amount of money involved means that you cannot afford to make the wrong choice. To help you make a great decision, here are our top tips for how to buy a home.

Think With Your Head, Not Your Heart

buy a homeUnless you are searching for a property which will make you money – in which case you are likely to be viewing homes with a critical eye – it can be difficult to be objective. People are often looking for the elusive feeling which makes a house feel like a home to them. This is an important part of choosing a perfect place for you and your family to live, but if you are not careful you can fall in love with a house and are blind to the practicalities. If this happens you run the risk of running into major problems further down the line if there are underlying issues with the property.

Practical Considerations When Buying A Home

The state of the property market will depend on where you live. While some places have seen a significant drop in both prices and the availability of buyers, some places are still experiencing a very fast moving property market. But even if you are conducting your house search in an area which has a thriving, fast moving market, it is a very bad idea to purchase a property without viewing it first. As a bare minimum you need to view a house twice, in order to spot potential issues.

If it is possible, it is a good idea to arrange subsequent viewings at different times of the day. This will give you a better feel for the property, but is also an important part of finding out what the area is really like. A neighborhood which seems relatively quiet and peaceful on a weekday afternoon may be noisy and bustling on a weekend night. If you don’t know the area very well then you may also want to make time to take a stroll around the neighborhood after viewing the property, so you can figure out where the home is in relation to local amenities.

Perhaps one of the more important parts of making a property purchase is gauging the condition of the building, to check whether costly repair work may be necessary. In particular, you should be wary of dampness and mold – this is not always visible, so trust your sense of smell. The seller may try to hide faults to avoid putting off buyers. This can include hiding cracks in the structure of the walls behind furniture, or hiding floor issues with rugs. If you love the house, faults shouldn’t necessarily put you off but you should get a professional opinion on what repairs are needed.

If you follow our guide on how to buy a home, you should be able to find a property you love.

Homeowners Should Learn How to Sell a House

Many people believe that real estate agents are the only ones who know how to sell a house, and that is true for the most part. The major difference between selling through a real estate agent and the homeowner doing the selling is that the homeowner is much more motivated than the realtor. There are some important advantages for a homeowner if they are able to sell their own home, starting with being able to avoid paying a commission.

sell a houseBefore making the decision to advertise their home for sale, a homeowner should take the time needed to learn the important steps or selling a house. The first step is to make sure the home is presented in a way that will make prospective buyers want to live there. Any clutter should be either organized and stored properly or removed from the home. Then the house should be thoroughly cleaned from top to bottom, including the most minute details. Just because dust or dirt is hidden behind the couch or window treatments does not mean a prospective buyer will not see it, and this leaves the impression that larger issues may be present. Hiring a professional cleaning company to make sure the home is spotlessly clean may be the best choice, and the cost is probably a good investment.

If there are any needed home repairs or updates, they should be taken care of. A fresh coat of paint, new window treatments or updated flooring can add considerable equity to an otherwise ho-hum property. Once these important steps have been taken, have the property evaluated. Listing the home at more than its actual value will discourage prospective buyers, so make sure the home looks favorable in relation to the value of neighborhood comparables. Hiring a certified residential appraiser is probably the best way to get an accurate value of the home, and they will provide a current appraisal that can be presented to financial institutions.

Removing obstacles a buyer may encounter is an important part of knowing how to sell a house quickly. Most prospective buyers take the cautionary step of paying for the home they are considering to be inspected before proceeding with the purchase. Buyers will be impressed and relieved if there is a current home inspection report available for their review. This takes some of their possible apprehension away, and cuts down on some of their expense.

Once all these steps are complete, the homeowner is ready to list their home for sale. Since the home is for sale by owner, there are several ways to post the ad. There are internet sites created especially for this situation, and many of them are free. The classified newspaper ads often yield a surprising number of prospective buyers. Placing a “For Sale by Owner” sign in the yard can be very effective if the traffic flow is adequate or post attractive fliers around town wherever they are allowed.

Effectively showing the property is important, so the homeowner should be polite, not pushy or nosy, and he should be prepared to offer information in response to questions.

Getting For Sale By Owner Homes Sold

For sale by owner homes are just as valuable as homes that are listed by a realtor. Simply put, this is a home that is not listed with a real estate agent but being offered for sale directly by the owner. While it may not be officially listed in the multiple listing service, there is still a way to market the home. With the growth of the internet, and the ability to market on social media, homes can be sold by owners without too much of a hassle. If you are a home owner looking to sell, then now is the best time to consider selling your home on your own.

sale by ownerWhat’s great about selling a home on your own is that you get to put more money in your pocket. Instead of spending money on a real estate agent, you can market and promote a home on your own. You won’t be committed to someone else helping you sell your home, and you can feel comfortable setting up appointments and meetings whenever you wish. This makes it a lot less stressful to make the final determination on the home price, and whether or not you want to sell it at a particular time.

While some people may not take homes being sold by the owner seriously, there are others that understand the concept. These people are likely to consider you to be a smart and competent person, and that you are ready to part ways with your real estate. Someone may even approach you with an all cash offer to purchase your home. You are not set to any limits when selling a home on your terms. Just make sure that you are open to all offers, and that you listen to everyone that is interested in your home.

Selling your home is not as easy as putting it online and waiting for someone to give you an offer. You have to take creative pictures, and make sure that you entice people to feel like your home is valuable. The most important part of getting your home sold is the marketing. You have to spread the word that your home is for sale and there are special listing sites to help you do just that. Getting market exposure is necessary, and your marketing efforts will help you draw in a potential buyer.

For sale by owner homes are rapidly growing in popularity. There are a lot of people that are gaining interest in homes that owners are selling on their own as well. If you feel like you can complete this type of a transaction on your own then go ahead with it. But if you feel like you may require assistance, then there is no harm in asking for the help of a realtor. Do what you feel is best for your situation, and make sure that you are ready to move forward with your life after your home is sold.