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Buying &
Selling Tips
Buying a Home
Buying or selling a home is one of the most important decisions
a person will have to make in their lifetime. This experience can
be daunting unless you are working together with a professional
real estate broker who understands the process. If you are thinking
of engaging in the buying process, contact us.
When Selling a Home:
A seller should never underestimate the importance of making a good
first impression on a potential buyer. Here are a few simple tips
that can help increase your home’s appeal and value:
An Appealing Exterior:
- Keep the front walkway swept
- Remove newspapers, bikes and toys from the front walk or yard
- Park extra cars away from the property
- Trim back the shrubs
- Apply a fresh coat of exterior paint if necessary
- Clean windows and window coverings
- Keep plumbing and all appliances in working order
- Maintain all sealants (sink, tub, window, shower, etc.) in good
condition
- Make sure roof and gutters are in good condition
- Mow the lawn frequently and plant flowers, hire a professional
landscaping company if necessary
A Clean and Inviting Interior:
- Keep the kitchen and bathrooms spotless
- Vacuum carpets and keep floor surfaces clean
- Accent living and dining rooms with freshly cut flowers
- Put dishes and laundry away
- Make beds
- Open drapes and turn on lights to enhance the atmosphere
- Keep closets neat
- Put toys away
- Switch off the television
- Keep pets out of the way and pet areas clean and odor-free
- Make safe jewelry, cash, prescription medication and other valuables
- Avoid clutter to enhance the spaciousness of your home
Generally speaking, potential buyers usually feel more comfortable
when owners are not present. If an interested party is unaccompanied
by an agent and request to see your property, please refer them to
your real estate professional for an appointment. If you are leaving
town, even for a weekend, remember to leave the number where you can
be reached so that offers can be made promptly.
When Buying a Home:
Your first step in the process of buying a home is to determine how
much you can afford to borrow. A basic rule of thumb is that a lender
will want your monthly mortgage payment to be no more than 29% of
your monthly gross income.
Mortgages and Home Buying Programs
There are many different kinds of mortgage programs available. It
is best to do some research about the pros and cons of each program.
A real estate broker can help you understand the steps you will need
to take, and can refer you to a reputable mortgage broker or service.
There are also special home buying programs available from various
organizations and many local governments that offer special home buying
programs to help first-time home buyers and those in a lower income
bracket. Get informed - you may be surprised to discover what you
are eligible for!
Determine Your Search Criteria
Begin your home search by focusing on the location where you want
to buy, and the amenities you want in a home. Determine how much square
footage you want, how many bedrooms and baths you need, etc. Knowing
what you're looking for will not only help you focus your search but
will also help your real estate broker understand your needs so that
he/she can best assist you in the process.
Shopping for a Home
There are several avenues to take once you begin your home search.
Your real estate broker can supply you with listings, based on your
search criteria. You may also look for property on the Internet, and
then ask your broker to set up an appointment to show you the house.
Reading the real estate section of your local newspaper, or driving
around neighborhoods that interest you is also a viable strategy.
It is important to see as many open houses as possible, so that you
can develop an understanding of the market, and get a solid idea of
what is available in your price range.
The Home Inspection
Once you have made an offer on a home, you will need to schedule a
home inspection, conducted by an independent authorized inspector.
It is extremely import to hire a reputable inspector so that you know
exactly what you are buying. Do not hesitate to ask friends, family,
and co-workers for advice. If you are satisfied with the results of
the inspection, then you can proceed to the Purchase and Sales agreement.
If the inspector finds problems with the property, you may want to
negotiate with the seller to lower the price, or to pay for certain
repairs.
Appraisal
Your lender will require you to get an appraisal of the house you
want to buy, to make sure it is worth the money that you are borrowing.
You may select your own appraiser, or you may ask your real estate
broker to help you with this task.
Homeowner's Insurance
Lenders require that you have homeowners insurance, to protect both
your interests and theirs. Like everything else, be sure to shop around
for insurance that fits your needs.
Settlement or Closing
Finally, you are ready for the closing. Be sure to read everything
before you sign! You should have both your real estate broker and
an attorney present at the closing to ensure that all is in order.
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Dan
Burke
Cell: (774) 218-0573
Email
Us |
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Frank
Morley
Cell: (508) 954-2739
Email
Us
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