HomeBuyMaster.com

Archive for the ‘The crux of the matter’ Category

Most real estate transactions go fine, but almost every one has a challenge or two. These challenges are often routine, but sometimes not. Because the agent has divided loyalties, one side or another may doubt where those loyalties truly lie. Mistrust develops. This can take a small problem and blow it way out of proportion. At that point it becomes a crisis.

Listing agents are hired to represent the sellers, and are legally obligated to pass ANY information along to the sellers which you might provide to them…information which could adversely impact your ability to negotiate a good deal.  

 Aside from Price, what other factors should I consider when planning to purchase a home?

BEFORE YOU BEGIN SHOPPING, IT IS HELPFUL TO SPEND TIME IDENTIFYING YOUR NEEDS AND YOUR WANTS

When touring homes you will find that there are many beautiful homes on the market. There are two things you must do before looking at homes:

Find out from your lender the largest amount for which you can qualify for to purchase a home. It is very easy to become excited about features found in homes out of your range.

1. Complete a reality checklist. Take some time to decide what features are “Requirements” (location, basement, number of bedrooms or bathrooms, eating space, architectural style, garage, etc.) and which features are “Extras” (fireplace, walk-in closets, wet bar, pool, siding, vaulted ceilings, deck, landscaping, etc.). There are many different features in homes that range from necessary to luxury. It is easy to get caught up in the excitement of a beautiful home loaded with amenities. It is important that you select a home that truly meets all or most of your requirements first and foremost!
2. As you tour homes, refer back to this list to make sure the home meets your requirements. The extras should only come into play when you are making your final decision between homes that meet all or most of your requirements.  

TAKE SOME TIME DRIVING AROUND THE AREA. Choosing the right neighborhood is as important as choosing the right house! There are many factors to consider when selecting a neighborhood that is right for you. Below are just a few of the many factors. You may think of others that are important to you. Please write them on your Requirements List so they do not get forgotten.  

SCOUT OUT THE NEIGHBORHOOD! It is important that you scout the neighborhood in person. You live in more than just your house. Talk to people who live there. Drive through the entire area at different times of the day — morning, afternoon, evening and late at night, as well as going during the week and on weekends. Look carefully at how well other homes in the area are being maintained; are they painted, are the yards well cared for, are parked cars in good condition? etc.