Buying a home—especially if it’s your first—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment, misguided home buyers could be doing far more serious damage—like undermining their ability to purchase a house at all. Don’t be one of them! Realtor.com asked real estate agents to shed light on some of the dumbest reasons people can’t buy a home. The good news? These flubs are easily avoidable. Read on and beware…
While most home buyers spend their time at an open house passively observing the layout of the rooms and the name brands on the kitchen appliances, smart buyers know the things that are really important to look for when buying a home.
In competitive markets, you’ll often walk into an open house that has been deep cleaned, upgraded, and staged with stylish furniture, so you shouldn’t be overly impressed by a house that looks and smells nice. (You can, however, be rightly appalled by a home that looks and smells atrocious.)
Think of the open house as a first date: It’s an opportunity to look beyond the pictures you saw online and figure out if the property is worth seeing again—or if you should move on and never look back.
Planning to buy a home this spring? Then right now—yes, during these last days of winter—is the time to get rolling.
Follow these steps and you’ll be way ahead of the pack once the spring home-buying season heats up.
Economists are having a tough time figuring out what housing market moves baby boomers will make next. Americans over the age of 55 are veering from previous generations, opting not to retire but instead launching second or even third careers. They are shunning the traditional patterns of retirement and that could have a big impact on their housing choices, according to Freddie Mac’s latest Insight report focusing on the baby boomer generation.
Fifty-five percent of Americans say they are willing to pay more for their mortgage or rent in order to get to work and recreational activities without having to use a car, a new study of transit-oriented developments by the HNTB Corp revealed.
Millennials, in particular, show much more willingness to pay more each month than older Americans – 70 percent versus 49 percent.
The road to home ownership has been a struggle for many young adults, mostly due to financial obstacles. However, some millennials may find more luck in less expensive metro areas that also have steady job growth and lower qualifying incomes necessary to purchase a home.
NAR recently analyzed employment gains, population trends, income levels, and housing conditions among the 100 largest metro areas to pinpoint the best purchase markets for millennial home buyers.
Read the article and see where Seattle lands on the list…
Whether you are moving to a new city or just moving across town, there are many things to consider when deciding on the ideal neighborhood. I know how important this decision can be and I’ll take the time to talk with you about resale value, the local area, and what loan programs will be the most beneficial to you.
Here are four easy steps for finding the best neighborhood for your needs…