Make A Great Home Buying Decision With These Tips
Posted at by PConran on category Real Estate
You may feel inclined to put your trust in any number of supposed experts in the field of real estate. Check credentials and remember to take everything they say with a grain of salt. After all, these are the same people who presided over the crash. If you plan on purchasing real estate, be sure you read this article for some advice.
Real estate agents would do well to reach out to former clients during the holiday season or the anniversary of a purchase date. They will be reminded of how you made their home buying experience a great one. When you sign a card or letter, or even on a phone call, remind them about how you work based on referrals, and would love it if they recommended your business to their friends.
If you are thinking of relocating, do your research online about the area and neighborhood you are looking at. Some areas may have more information that others available, but at the very least, you can find certain information. Do thorough research into any area in which you plan to purchase real estate. It is no fun to find out later that you have invested in dead-end real estate.
Each real estate agent needs to contact their former clients around the holidays or their purchase date anniversaries. Additional contact from you will help them remember how valuable your services were during their real estate experience. At the close of your greeting, remind them that you work on a referral basis and would consider it a compliment if they would recommend you to their friends.
When in the market to purchase a new home, always consider your long-term situation. Take a family, for example. Although you might not have children yet, that doesn’t mean that you won’t want to start a family in the future. This means you should be focusing on a home’s size, the school district, neighborhood safety, and other important factors of raising a family.
When you buy a house, you can get some financial incentives from the seller, effectively lowering how much the house will cost you. Many buyers try to get the other party to “buy down” their rate of interest for a short period of time. If adding financial incentives to an offer, the seller may not negotiate your selling price, though.
When you are considering a certain real estate agent, make sure to have plenty of questions planned to address all of your concerns. Find out how many properties they sell every year, the average listing time for those homes and whether those homes were located in the same area as yours. Any agent should be ready to give you answers to these questions professionally.
If you made an offer to purchase a home but the seller rejected it, do not be discouraged. The seller may still find some way to complete the deal. They might offer to make certain repairs to the house, or even pay your closing costs.
If you plan on buying a foreclosed house, also plan on doing some repairs. Most foreclosed properties are in need of repair, because they have not been maintained for a very long time. Many foreclosed homes that are on the market will need to have new HVAC systems put in, and may also have pests.
Buying a piece of property should only be undertaken after conducting much research. Lots of people are too eager to get into the real estate market and end up making bad purchasing which causes them to lose a great deal of time and money. Therefore, it is very important to find out all the information that you can such as the crime rate, property age and what the surrounding area offers.
Don’t put your trust – or your money – behind the wrong people. If they really knew everything, the real estate market wouldn’t have collapsed. Stay away from people who “know everything” Get out there and do your own research, using the tips from this article as a starting point.