American Eagle Realty's Blog
If you’re in the market to buy a home, you have a lot of options. Do you want to buy a fixer-upper? Should you get a home close to the city or nestled in the suburbs? How much can you spend on a home to get the amount of space you’ll need for you and your family. There are so many variables that exist in the decision to buy a house.
One thing that many buyers want but aren’t sure of is the concept of a “move-in-ready” home. Sometimes, move-in-ready means that a home is brand spanking new. There should be no work in the house that needs to be done because everything is installed new during construction. As soon as construction is completed, you should be able to move right into the home.
Other homes that are deemed ready to move right in are those that are relatively new and have very little work to do. If a home has a roof that’s caving in, it’s not move-in-ready. If a home needs paint, it’s a sure bet that you can move right in. You may just need a bit of elbow grease in some of these situations. It’s your job to let your real estate agent know what you are looking for and what your budget is. Read on to discover the benefits of buying a move-in-ready home.
You Can Enjoy It ASAP
It takes a lot of work and a lot of cash up front to buy a home. You want to enjoy the fruits of your labor sooner rather than later. If you buy a home that needs little to no work, you’ll be able to enjoy it sooner. There’s no waiting period to move in when you buy a house that’s in excellent condition. You can just start living.
If you buy a home that you can move right into, you will often get things that are trending at the moment. The best of appliances, technology, and security are just some of the benefits that you’ll be able to enjoy when you buy a home that doesn’t need a lot of work.
Many times, you’ll find move-in-ready homes in great locations. These homes will also give you a great resale value once you head to sell the house in the future.
Whether you buy a brand new home or a home that has been upgraded, these sellers are often very motivated. Builders want to get paid for the work they have done. Sellers of upgraded homes wish to get their homes off of their hands and get a return on their investment.
Finding a move-in-ready home may take some time, but the benefits are definitely worth it.
If you're in the process of searching for the ideal home for you and your family, there are many things to think about and evaluate.
While factors like the quality of neighborhoods and school districts may top your list, another important feature worth prioritizing is convenience. Since life is already complicated enough, it makes sense to simplify your daily routines whenever possible! The perfect time to set the stage for a simpler, easier lifestyle is when you're shopping for your next home. Here are a few thoughts to keep in mind when looking for ways to help make life easier
Short commutes: When you consider all the advantages of living close to your job or business, the benefits are undeniable! A relatively short daily commute not only helps you manage your stress level, but it also enables you to spend more time with your family... and less time dealing with rush hour traffic! A shorter commute can also save you money on gasoline, wear and tear on your car, and highway tolls.
A first-floor laundry: Unless you find ways to streamline and simplify your weekly laundry tasks, it quickly becomes a burdensome chore! Having to carry loads of laundry up and down basement stairs can definitely be tiring -- both physically and mentally. (It can be even more unpleasant if you buy a house with an unfinished basement.) The solution, of course, is to tell your real estate agent that you'd strongly prefer a home with first floor (or even second-floor) laundry hookups. Persuading your family to cooperate with organizing and sorting their own laundry items is also a good goal, but is easier said than done!
Two-car garage with remote control: After a hectic day at the office (or wherever you happen to work), there's nothing like the convenience of an automatic garage door and a spacious, private parking area waiting for you at home. In addition to the convenience, it's nice knowing your cars will be much more secure in an enclosed garage. It's also a great way to stay dry and warm when unpleasant weather is around.
Proximity to stores: The ideal location for your next home is close to grocery stores, pharmacies, and other services you and your family use on a regular basis. As is the case with job commuting distances, if you can live within a half an hour of places you need to drive to frequently, it makes day-to-day life much easier. While few neighborhoods are "a stone's throw" from everywhere you'll want to go, being close to supermarkets and other essential conveniences can save you time and provide you with a quick solution to having no milk, bread, or dinner food in the house!
So if you are getting ready to buy, or currently in the market, connect with your agent on the essentials you would like in your new home today.
A home inspection is a crucial part of the homebuying process. At this point, a home inspector will walk through a house with you and examine the property inside and out. If a home inspector identifies underlying problems with a residence, these issues could put your purchase in jeopardy. On the other hand, if a home inspection reveals that there are no major problems with a residence, you may feel comfortable proceeding with a purchase.
Ultimately, how a homebuyer approaches a property inspection can have far-flung effects. For those who want to achieve the best-possible home inspection results, we're here to help you get ready for a house inspection.
Let's take a look at three tips to ensure you know exactly how to approach a house inspection.
1. Prepare for the Best- and Worst-Case Scenarios
Regardless of how a home inspection turns out, you need to be ready. That way, you'll have a plan in place to act quickly, even in the worst-case scenario.
In the best-case scenario after a house inspection, you likely will take a step forward in your quest to complete a home purchase. Conversely, in the worst-case scenario following a home inspection, you may rescind your offer to purchase a house and reenter the real estate market.
It also is important to remember that you can always walk away from a house sale if an inspection reveals there are significant problems with a residence. For a homebuyer, it is paramount to feel comfortable with a house after an inspection. If a home raises lots of red flags during an inspection, a buyer should have no trouble removing his or her offer to purchase a house.
2. Ask Plenty of Questions
A home inspector is a property expert who can provide insights into the condition of a residence. Thus, you should rely on this property expert as much as possible.
Don't hesitate to discuss a home with an inspector. Because if you ask lots of questions during a home inspection, you may be able to receive comprehensive property insights that you may struggle to obtain elsewhere.
3. Analyze the Inspection Results Closely
Following a home inspection, you'll receive a report that details a property inspector's findings. Review this report closely, and if you have follow-up questions about it, reach out to the inspector that provided the report.
Lastly, as you look for ways to streamline the homebuying journey, you should work with a knowledgeable real estate agent. This housing market professional can put you in touch with the top home inspectors in your city or town. Plus, if you want to request home repairs or a reduced price on a house after an inspection, a real estate agent will negotiate with a seller's agent on your behalf.
Let's not forget about the support that a real estate agent provides at other points in the homebuying journey, either. If you ever have concerns or questions during the homebuying journey, a real estate agent will respond to them at your convenience.
Prepare for a home inspection, and you can use this evaluation to gain the insights you need to make an informed homebuying decision.
Buying a home should be a problem-free experience. Yet issues may arise that make it tough to acquire the perfect house at an affordable price.
Common problems that come up during the homebuying journey include:
1. Lack of Home Financing
Before you search for a home, it generally is a good idea to get pre-approved for a mortgage. That way, you can kick off a house search with a budget in hand.
To get pre-approved for a mortgage, you should meet with banks and credit unions. These financial institutions can teach you about a variety of mortgage options and help you get approved for home financing in no time at all.
Of course, if you have questions as you pursue a mortgage, don't hesitate to ask a lender for assistance. Lenders employ courteous, knowledgeable mortgage specialists who are happy to respond to your queries without delay.
2. Temptation to Submit a Lowball Offer to Purchase
Once you find your ideal residence, you may be tempted to submit an offer to purchase at or below a house seller's initial asking price. But doing so may be problematic, particularly for a homebuyer who wants to acquire his or her dream residence as quickly as possible.
If you submit a lowball offer to purchase a house, a seller likely will reject the proposal. Worst of all, a rival homebuyer may swoop in with a competitive offer to purchase this residence – something that may cause you to miss out on the opportunity to buy your ideal home.
Ultimately, it is beneficial to submit a competitive homebuying proposal. If you allocate time and resources to learn about a home's condition and how a residence stacks up against comparable houses in the same city or town, you can craft a competitive offer to purchase. And as a result, a competitive offer to purchase may receive an instant "Yes" from a home seller, leading to a fast, successful homebuying experience.
3. Failure to Identify Problems During a Home Inspection
A home inspection is paramount because it gives you the opportunity to walk through a residence with a property expert and learn about any underlying house issues. Then, if you discover major problems with a house, you can ask a seller to complete property repairs, reduce your initial offer to purchase or walk away from a residence altogether.
Hire a home inspector who possesses comprehensive expertise – you'll be glad you did. With the right house inspector at your side, you can get the help you need to identify problems during a property inspection.
Lastly, as you get ready to search for a house, you may want to hire a real estate agent as well. This housing market professional can provide extensive guidance throughout the property buying journey and ensure you can mitigate homebuying problems before they escalate.
Reach out to a real estate agent today, and you can receive plenty of support as you navigate the homebuying journey.
Nothing can quite compare to the emotional cocktail of excitement, fear, and anxiety of being a first-time home buyer. Being a homeowner is made out to be a huge milestone in life, and rightly so. Have you ever signed your name 37 times in a row? It's enough to intimidate anyone. By the end of the entire homebuying ordeal, you will have signed your name so many times that you'll feel like you should have just made yourself a signature stamp. You're in for quite the bumpy road being a first-time home buyer, some highs, some lows and everything in between.
Oh boy, where to start? Did you know your credit score before you started looking for a home? Sure, maybe you have a credit card you keep some line of credit in your name. However, a house? It’s a whole different ball game! What is a good credit score? They did not teach us this in high school, but thank goodness we all know the order of math operations as P.E.M.D.A.S. (parenthesis, exponents, multiplication, division, addition, subtraction) right? What’s an escrow? What if the inspector missed something? When is my first mortgage payment due? You’ll have so many questions about being a first-time homebuyer, so do yourself a favor and get a realtor who can adequately answer all those questions! A great realtor can make the entire process feel like a cool Island breeze.
House shopping honestly is so much fun! Getting to figure out your unique taste in the architecture of your home is a fantastic experience. Sure, there are things that you must specifically look for to fit your needs, after all, you'll be spending the next 20-30 years of your life in this house if you do it right. The day you close on your home is exciting as well, disregarding the whole signing your name a thousand times. The moment comes with a sense of pride and accomplishment that you'll feel on closing day. Looking for your first home can be a long process, and sometimes can take months to years depending on the market. So, when it finally happens, and all the stars line up you can't help but feel a great sense of accomplishment. High five yourself on that day, cause all the stress and worries that you had in buying your first home are finally coming to a close. Now you can focus attention on the fun part: home improvement!
Being a homeowner can be such a fun-filled adventure, but hold on, because it will be a bumpy ride. Let your professional realtor navigate those bumps for you.