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Buyers' Agents- Who Are They and What Do They Do? |
If you think the home buying process itself is the most important part of
finding your perfect home, think again. According to Money
Magazine, "Choosing a real estate agent to represent your interests as a
buyer should be one of the first, and perhaps one of the most important, step
buyers should take before shopping for a home." When you're looking to buy
a new home, it's important to have a buyers' agent-- someone who will represent
your interests as the buyer, just as someone looking to sell their home should
hire a sellers' agent to represent their unique interests. The goal of the
buyers' agent is to help you find the home of your dreams, whether it's a
condo, a bungalow, a modest 2 story, or a mansion. And once they've found it,
they'll work aggressively to help you get the best price and the most fair
contract negotiation.
Sixty-three percent of homes purchased in the United States each year were
purchased with the help of a buying agent. Buyers' agents save clients time and
money, and conveniently are able to access properties that aren't yet available
on the open market. Because of this, they're often able to help their clients
buy houses for substantially less than they would be able to if they worked
with a real estate agent, home owner, or developer directly. Buying agents
often specialize in working in a specific area, where knowledge of the area,
relationships with locals and real estate agents, and inside information about
properties soon to be on the market pay off. The services provided to buyers by
their buying agent are actually included in the commission paid by the seller
or developer. Using a buying agent won't affect the price of your home or cost
you any additional money, but they do provide buyers with the peace of mind of
knowing that they're being represented along every step of the way in their
real estate transaction.
Research has shown that buyers using a buying agent found their home faster
than those who did not, so choosing to enlist the help of a buying agent will
help make the home buying process quick, easy, and fun-- just the way it should
be. After all, you shouldn't have the journey toward finding your new home
riddled with frustration and dead ends. The buying agent will also help you locate
the other professionals you may need as part of your home purchase, like a
lawyer, home inspector, insurance agent, etc. Enlist the help of a buying agent
who will preview properties, shortlist the finalists, and accompany clients to
view homes, and you'll reap the benefits of having an agent represent your
interests every step of the way.
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The Importance of Home Inspection |
Home inspection is one of
the most important aspects of the home buying process for both the buyer (helping
them understand the condition of the house they're considering purchasing) and
the seller, who wants to provide adequate disclosure regarding the home they're
selling. The inspection report written up by the home inspector after the
inspection is the only document that details the house, making it an important
aspect of the real estate transaction process. A home inspection typically
includes an examination of the heating and central air conditioning systems,
electrical systems, interior plumbing, the roof and foundations, attic and
basements, visible insulation, walls and ceilings, floors and windows. Some
inspections may also include major appliances and outdoor plumbing. The typical
cost of an inspection varies depending on the area, size of the home, and
services the inspector is providing.
If you're selling your home, it's good idea to have an inspection done before
you put your home on the market. This will help you avoid any surprises when
potential buyers hire a home inspector. After the report from the home
inspection, you may choose to have the recommended repairs taken care of by the
contractor of your choice, or you may choose to disclose the conditions you are
not going to repair, which will protect you from liability of nondisclosure
claims.
If you're buying a home, be present for the full home inspection. The inspector
will be able to answer any questions you may have about maintenance of the
house and will be able to discuss any potential problems. If the
inspector finds any major problems, you'll need to negotiate with the seller to
either lower the price of the home or have the seller repair the problem. If
the seller is not willing to renegotiate, the buyer will then have the
opportunity to rescind their offer.
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Inexpensive Ways to Improve the Value of Your Home |
Making small improvements
to your home can really add up... it doesn't take a massive renovation project
to help improve the value of your home. Simply improving aspects of your house
can really make a difference. It is a good idea to start with your
house's exterior. This means getting rid of all the toys your kids haven't
played with in months, the remnants of your various home improvement projects,
and anything else that is just cluttering up your yard. Trim the hedges, keep
the lawn mowed, and give all your flower beds a fresh layer of mulch. A
polished landscape, even if it's simple, will instantly improve your
house's curb appeal, and the value of your home. To shine up the exterior of
your house even more, get it pressure washed. This is much cheaper than getting
your home repainted or the siding replaced, and in many cases this is all it
will take to get your home's exterior looking as good as new.
When considering ways to improve the value of your home, think about your last
visit to a hotel. If you were happy about the quality of your room, was it
because it looked clean and polished? If you weren't happy with your room, was
it because you felt like the bathroom could have been a little cleaner, the
carpet could have seemed a little newer, the paint on the walls could have been
a little fresher? While you're in that mindset, try and see your house in the
same light, armed with the knowledge that the cleaner your house looks and
smells, the more valuable it will be. Start by organizing your house and
relegating clutter to the trash or some out-of-sight storage. The tidier your
house is, the larger it will appear, so declutter as much as possible. Apply a
fresh coat of paint to your interior walls and wash your windows so you can't
even tell they're there.
Finally, remember that improving the value of your home is all in the details,
but it shouldn't have to break the bank. Shampooing or cleaning your carpets
will make your house look and smell cleaner immediately, and doing this
yourself will save you big bucks. You'd be surprised by how much better newly cleaned
carpets can look! If you think the carpet needs to be replaced, first try to
pull back a bit of the carpet in a closet or other inconspicuous place in your
home and check out the floor beneath. If it's wood flooring, think about
removing all of the carpet and refinishing the floor. Wood floor adds
personality and value to your home, and wood floor that's lying under your aged
carpet can often be refinished more inexpensively than re-carpeting your house.
In the same way, worn or outdated cabinets can really bring down a kitchen, so
consider refinishing them with a lighter finish, especially in dark or smaller
kitchens, as this will give your kitchen the illusion of looking large and new.
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Your Family's First Night in Your New Home |
Your first night in your
new house is an exciting time, but it can be a little overwhelming. Standing in
the middle of your new home and looking at the stacks of boxes can tempt you to
stay up all night unpacking them until morning, but avoid it. Instead, gather
your family, make some pallets on the floor using mattresses and sleeping bags,
and enjoy your first night in your new house together. Order some pizza (have
fun saying your new address for the first time!), eat on napkins, and use plastic
cups, treating it like an in impromptu picnic/campout. You may even invite some
friends over, crack open a bottle of wine, and let them share in your pride and
excitement.
Talking about what changes you're going to make to your new house is a fun
activity for your first night in your new house. If you have children, ask them
what colors they'd like to paint their rooms, what direction they'd like their
bed to face, and any other aspects of their room they might like to change.
Children love having this kind of creative freedom. If unpacking is just a
little too tempting, make a game plan to give yourself peace of mind. Write a
checklist and plan of action of what rooms you will unpack first and what
furniture you'd like to move where. Moving can be emotionally and physically
exhausting, and you want to spend your first night in your new house soaking it
all in... you'll have plenty of time to unpack later.
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In This Issue:
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Contact me:
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Selling Tips for the Entry Way and Front Door
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Many potential home buyers
have made the decision on the houses they're touring before they've even seen
your spacious kitchen or cozy reading nook, making it extremely important
to have a charming entryway and front door that welcomes visitors and
encourages them to feel so comfortable touring your house they'll want to buy
it immediately... and maybe even at a higher price. You may even place some
flower pots on either side of the door planted with yellow flowers. Yellow invokes
a buying emotion, and yellow flowers, marigolds for example, are bright and cheerful
-- encouraging positive feelings as potential buyers tour your home. If the
paint on your door is peeling, or it appears worn, either repaint the door or
replace it.
After they've stepped onto your clutter free front porch and walked through
your polished front door, your entryway is your next big chance to make a good
impression. It should go without saying that your house should be clean and
tidy before a showing, free of clutter, pet smells, and unpleasant cooking
smells. Pleasant, familiar smells will make visitors feel at home and
will make an important first impression on potential home buyers, even if it's
a subconscious one. An hour or so before guests' arrival, bake bread or cookies
and place flowers in vases throughout your home. The aroma will comfort
visitors, which is exactly what you want to happen- the more comfortable they
feel in your house, the more they'll be persuaded to make it their home.
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Moving to Your New Home? Here's a Checklist
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When you move, you often
leave items behind in your old house you'll need in your new home, and if
you're a first time homeowner there are likely a lot of items you'll need to
furnish your home. Here are some of the most common items people need when they
move into a new home:
New locks- If you're not the first person to live in your house, you never know
who has copies of your house keys, so either change your locks yourself and or
hire a locksmith so only you and your family have keys to your house. Make sure
to keep an account of all the copies that are made.
Window Treatments-Some states require window treatments like curtains and
blinds to be left with the house, while others only require them to be left if
they're mounted or custom built. Especially when accounting for differing
styles and fashions, you may want to purchase Venetian blinds, shutters, and
curtains that suit your own tastes.
Pet Containment- Did you have a fence at your old house for your pets? If so,
you may need to buy a temporary dog run or small fenced in enclosure until you
can get a fencing company to come and install a new fence. This is especially
important because animals are extremely curious by nature and will be tempted
to wander off and explore their new surroundings... so take the necessary steps
to keep your dog safe and out of harm's way.
Appliances- You should learn at the time of closing which items will be staying
at the house and which ones the previous owners will be taking along with them,
so be prepared to buy new appliances like a refrigerator, washer, and dryer.
Finally, remember to keep paper documentation of money spent on the moving
process, permanent improvements, and damages that were fixed- for tax deduction
purposes.
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