Time to buy a home? … I include some good ideas for buyers from a couple of articles. Make sure you have proof of funds available if you are paying cash and or a pre-approval for a mortgage…
When You’re Ready to Buy a Home
Purchasing a house is one of the biggest transactions you’ll ever make. Whether it’s your first time or the fifth, tackle the following prep work:
• Calculate what you can afford. Use a home affordability calculator to make sure you’re ready for the mortgage payments.
• Check your credit score, and fix any inaccuracies you discover ASAP. Errors can impact your ability to get a good interest rate.
• Save up for a down payment. Most lenders require 5 to 20 percent, and larger down payments can lower the amount you pay each month.
• Be ready for additional closing costs. Plan to have approximately 4 percent of the home’s purchase price on hand to cover taxes, fees and other necessary charges.
• Re-evaluate your insurance coverage and update all of your policies, including life and car insurance.
(from Business Insider)
Things to look at when buying a home: roof, plumbing, windows, odors…
When taking buyers through a home, I may say, ‘It needs window repairs(?), it will need(s) a roof, it needs a new air conditioner soon” and then we put that into our offer in hopes of offsetting costs of the purchase.
Realtor.com suggests, “It’s also a good idea to walk through the house with a contractor to get a rough estimate for fixing problems. Keep an eye out for homes with cosmetic flaws versus serious fundamental flaws with the foundation or the roof, which will cost a bundle. If it’s ugly wallpaper or a poor paint job, those are easily fixed.”
Good Article on the 10 things to look for in a home:
Also should you consider a home with a “catch”? These are perceived flaws of the home and its location:
link to article:linda thomas-inverness-fl-real-estate-buying house with a catch
When It’s Time to Sell
Putting your home on the market is a process that can take months. Before you do, complete this home seller to-do list:
• Declutter, clean and get your home ready to show. You only have one chance to make a first impression.
• Take inventory of what needs to be fixed and make a schedule to complete any updates, such as roof work, new paint or landscaping.
• Decide on an appropriate selling price. Pulling comps in your area can give you a better idea of your home’s value.
(from Business Insider)
Contact Kerry, Marty or me and we can do a comparative market analysis for you free of charge:
Century 21 J W Morton Real Estate:
Linda Thomas | 352-464-4881 l[email protected];
Kerry Rosselet | 352-697-5487 [email protected]
Marty Coogler | 352-422-1892 [email protected]>
Contact our mortgage partner Nathan Paff for your mortgage needs: Fairway Mortgage: 740-398-9585; [email protected]