“We’re in a buyer’s market.” You hear this phrase all the time when talking real estate, but what does it really mean and how does this apply to your house buying experience? Let’s first look at what a buyer’s market really is. Defined it’s a market where supply exceeds demand. Basically, it boils down to there being more homes for sale than people looking to buy.
With all the excitement that comes from purchasing or selling your home, it can be easy to forget about all the additional fees that are added to your final cost. These closing costs are an assortment of fees that are associated with your home purchase and paid at the closing of the transaction or when the title of the property is transferred. They include the title search, home inspection, appraisal, credit report, attorney fees, and more. While both the buyer and seller have to pay closing costs, the amount and type tend to be a little different. Take a look from both perspectives, so you’re not surprised the next time you purchase or sell your home.
Deciding if you want to rent your next home or buy can be a daunting task. It may feel like the logical next step, or you may just be sick of dealing with rent payments and moving every year.
Either way there are some important things to consider before you make your decision. There are pros and cons to both renting and buying. The best thing is to know what’s best for you, and what fits into your future.
It’s easy to overlook red flags when house hunting, especially as a first-time home buyer. We’re not just talking about the little things like chipped paint, broken doorknobs, or missing smoke detectors (although these are hassles), we’re talking about the big ticket issues that are going to cost a pretty penny after you close. Forgetting to consider the age of major appliances or the state of the roof can cause major headaches down the line. That is why it is important to go into the home buying process with a trusted and experienced realtor who will keep these things top of mind. Here are five common things buyers often overlook (but we don’t).
You’ve been driving around for months, your eyes drawn to every “For Sale” sign. You obsessively check the online realty listings every morning when you wake up and every night before you go to sleep. You think you might be ready to finally take the plunge, but where to start, and when?
Buying a home for the first time can stir up a lot of fears and anxieties, some of them rational, and some unrealistic. For instance, you probably don’t need to worry about a hurricane destroying your home if you live in Eastern Iowa, but sometimes there’s no controlling the imagination.
A recent survey by Trulia showed that 44% of homeowners are saddled with regrets, either about their current property, or the process they went through to purchase it. Your home should be an oasis where you can enjoy peace and solitude, or the company of your loved ones, not a cauldron of anxiety.
Let’s look at the main reasons buyers experience remorse when purchasing a home, and some strategies for avoiding those negative feelings.
You’re ready for a new house, but the perfect property might not be ready for you. Will you wait for that move-in-ready dream home, or will you create something fresh by renovating a fixer-upper? If you’re considering the latter option, you need to evaluate the pros and cons of that approach.
First time home buyers don’t have to watch many episodes of Property Brothers or any other HGTV hit to understand that these days an open floor plan is all the rage. Statistics back up this claim, with a 2015 survey from the National Association of Home Builders indicating that 70 percent of recent and prospective home buyers prefer a kitchen-family room arrangement that is at least partially open.
There’s nothing wrong with following a trend if you understand the benefits and drawbacks of jumping on the bandwagon. Let’s take a closer look at the biggest pros and cons of an open floor plan.
Buying a home is a major life decision, and the stress of that decision can be exaggerated by the uncertainty that comes with a life dedicated to service in the military. We have highlighted three special areas of concern for military families considering a real estate purchase.