Buyer Information
December 27, 2017
A wish list helps you focus your search and keeps you from wasting time. As much focus as your wish list gives you, it’s also likely impossible to check off everything that’s on the list. You want to be a little flexible, but there are some things you’ll want to dig your heels in on. Here are some things you should never compromise on when looking for a home. Getting a Fixer-Upper It’s happened before to our clients and it will happen again: going into a search looking for a home with zero projects and falling in love with a fixer-upper. Now, there is nothing necessarily wrong with it, but if you don’t have experience with fixer-uppers, it’s something to […]
December 19, 2017
In the past, Home Stagers were mostly called-in for vacant homes to help buyers visualize themselves in the home. Over the past few years, we’ve seen that they have become a great resource, especially when you’re trying to sell your home quickly. It’s important to know what to look for when hiring a Home Stager as not everyone who call themselves one is an expert. Here are some questions you’ll want to ask before deciding to work with them. What is your training or work experience? When you’re hiring an interior designer, you should be looking for someone that really understands you and can help make a space your own. When you’re looking for a Home Stager, you should be […]
October 31, 2017
Buying a home for the first time can be a stressful, albeit exciting, rite of passage. Knowing what your first few steps should be can tremendously lower the amount of stress you’re probably already feeling. Without any further ado, here’s how we tell people they should start: Get Your Finances in Order When you’re about six months out, you need to start organizing your finances. First, this means checking your credit score and making sure your score is maximized. Creditworthiness is a huge factor in loan approval. Higher credit scores can mean significantly lower interest rates and higher pre-approved values. There are a ton of factors to balance (pay off your balances in full, don’t add debt like buying a […]
October 24, 2017
Buying a home as an investment, and becoming a landlord, can seem like an easy way to rake in some extra money, but it’s still an investment of your time and money. It’s important to be prepared and know what to expect. Know Your Limitations First and foremost: if you’re going to get a mortgage, make sure you can handle the monthly payments if the property is vacant. I’ve known too many people start to build a portfolio only to have sell their new property quickly when it goes a few months without a tenant. It’s great for me, but less-than-ideal for you. Also: remember that tenants can be demanding on getting things fixed quickly. If you don’t have spare […]
October 17, 2017
Buying a house for a great price, fixing it up, and then reselling it sounds pretty exciting, which is why there are so many shows on HGTV about doing just that. In Miami, there is certainly a cottage industry of people that dedicate their time and money to flipping homes. If you’re thinking of buying a flipped house, you may need to do a little extra homework before making an offer. Before you buy a flipped house, be sure to ask these questions to make sure its in great shape and that all repairs were done professionally. Who’s Selling? Whenever a home is selling for $100,000 (or more) over its previous sale less than a year ago, you need to […]
October 11, 2017
When you’re trying to put a price tag on your home, determining its value is a given. But, what is value exactly? Two types of “value” will come up in the conversation around selling your home: assessed value and market value. They may seem similar but the numbers can be different, and they’re used in distinct ways. Understanding the two will give you an advantage as you sell your home. What Is Market Value? Market value refers to the likely price that a property will sell for, or what a buyer is willing to pay for. Market value can be based on many factors, like location and exterior and interior aspects, including lot size, condition of the home, energy efficiency, […]
September 5, 2017
So, you’ve found your dream home, and your offer was accepted. Congrats! Now, it’s time for the home inspection. A home inspection might seem worrisome. But, it’s a necessary step in the home-buying process, ensuring that you know exactly what’s going on within the bones of the house. Not all homebuyers fully understand how inspections work. Here are nine things you should know about them: Inspections Are (Technically) Optional. It may come as a surprise, but home inspections are not a required part of the real estate process. But, they are a great idea. You obviously want to know what you’re getting into, and an inspection will give you an idea of the home’s problems (whether it be a roof […]
August 29, 2017
Buying a home is a huge commitment. If you’re a commitment-phobe or just new to the process, it can seem incredibly overwhelming—maybe even terrifying. The most important first step is finding the right realtor to help guide you through the process. You can rely on your realtor’s expertise, but you also need to educate yourself on the home-buying process so that you understand what’s happening at every stage. These tips will help you get through the process of buying your first home like a pro. Get Preapproved for a Mortgage If you’re planning to take out a loan to buy your house, you need to talk to a lender about getting preapproved for a mortgage. Preapproval provides credibility to your […]
August 22, 2017
Hosting an open house is a great way to get lots of potential buyers through your door. You just need to make sure your home is ready to be seen. It’s important for buyers to envision how they will use your space. Sometimes the best way to prepare is to stage your home so that it looks inviting but not too lived in. To get ready for an open house, use these tips: Clean Up Too much stuff on the kitchen counter or other surfaces can turn buyers off. Clutter makes it hard for visitors to picture themselves and their stuff in your home. You should consider putting some of your excess things in storage. A thorough cleaning should be […]