Christine Metros Natale's Blog
Attending open houses is common for property buyers in cities and towns nationwide. However, there is no set number of open houses that a homebuyer will need to attend to discover his or her dream residence. In some instances, a buyer may find the ideal home after attending his or her first open house. Or, a buyer may attend dozens of open houses and fail to find a residence that matches his or her expectations.
As a homebuyer, it is important to do everything possible to make the most of an open house. Lucky for you, we're here to help you get ready for an open house and ensure that you can maximize the value of this event.
Now, let's take a look at three tips to help you get ready for an open house.
1. Create a List of Home Questions
You may have learned about a home from a listing. Yet a listing only offers a limited amount of information about a residence. And if you have additional questions about a residence, an open house provides you with a great opportunity to receive responses to your queries.
Craft a list of questions before you attend an open house – you'll be glad you did. With this list in hand, you can ask questions about a home and gain the insights you need to help you decide whether a residence is right for you.
2. Perform Research
Try to collect as much information as you can about a home prior to an open house. That way, you can have a good idea about what to expect when you attend this event.
Also, you may want to put together a game plan before an open house. This plan allows you to prioritize different areas of a residence that you want to check out. Plus, it may help you conduct an in-depth review of a residence.
3. Consult with a Real Estate Agent
A real estate agent is happy to help you plan ahead for any open house. If you employ a real estate agent today, you can receive comprehensive assistance as you conduct your house search.
Typically, a real estate agent will keep you up to date about open house events in your preferred cities and towns. This housing market professional can attend an open house with you and offer immediate feedback as well. In addition, if you want to submit an offer to purchase a residence after an open house, a real estate agent can help you do just that.
Let's not forget about the expert housing market insights that a real estate agent can provide, either. A real estate agent can offer insights into housing market patterns and trends. By doing so, a real estate agent can help you narrow your home search and ensure that you can find a great house at a budget-friendly price.
Ready to attend an open house? Use the aforementioned tips, and you can attend an open house and learn about all aspects of a residence.
A home-buying wish list may sound like a cathartic way to imagine a dream home that's dripping with luxury everywhere you turn, but it's really a practical way to help homeowners narrow down their options. When buyers look at too many homes, they may find that each property starts to run together. Use this tool as a means of viewing just a few homes that will meet all of your criteria.
Questions to Ask
Wish lists start with the answers to the following questions:
- Would you be willing to purchase a home that's more than 10 years old? More than 70?
- Do you need to live near a bus or subway line?
- Can children be driven to school or will they need to walk?
- How much effort are you willing to put into repairs and renovations?
- Do you need a formal dining area or can a table be placed in the kitchen?
- Will you need to prepare for the home for those with physical disabilities?
If you're planning to host your elderly parents at some point, you may need to look for a one-story ranch for maximum accessibility. Similarly, if you're planning to have children, you may want to buy a home with carpeting to provide extra traction for unsteady feet. While a lender will have the ultimate say in how much you can afford, you have plenty of control over the home you choose within your budget.
As buyers sketch out their wish list, they should separate it into the absolute deal-breakers. For example, you may prefer a full two bathrooms but you'll settle for one full plus a half bathroom. Consider how large of a yard you want, the ideal type of HVAC system, and the type of home that will work best for you Some people prefer smaller homes so they can cut back on the amount of cleaning and maintenance they have to perform.
Room for Flexibility
If there aren't many homes that are meeting your minimum criteria, be prepared to be a little flexible along the way. You can always install carpeting or central air if you absolutely need to. You may also need to compromise on the age of the home, which is highly encouraged as long as the home passes inspection.
A wish list doesn't have to be the defining document for a home, but it can keep you from seeing homes that are absolutely not right for you. The more you can streamline your home buying journey, the less stressful the transition will be.
We know that location matters when you’re trying to find the right home to buy, but why? First, buying a home you like in a location that matches your needs is a sign of a solid, long-term investment. Finding the right home isn’t always the answer to your property search woes. Many times, finding a house that needs a little TLC in the right neighborhood can give you a better return on your investment than finding a move-in ready house in the wrong neighborhood. You want to think in terms of finding a home that will be easy to sell if you so choose to sell it. Most importantly, you want to feel comfortable in your home and in your surroundings. What are the signs of a good location? Below, you’ll find the most important things you should look for when searching for a home.
Everyone wants a safe neighborhood, and you certainly know a sketchy neighborhood when you drive through it, but what denotes a neighborhood as “safe”? First, if you see people up and walking around a place, you know it’s a good start to finding a safe neighborhood. People who are outside, interacting with one another give a neighborhood a community feel. You will feel like your neighbors have your back in a neighborhood like this.
the better the school district is, the higher the property values in the area are. If you don’t have kids, this may not be much of an issue for you. However, if you’re thinking that you may want to sell your home anytime in the future, keep in mind that a less than reputable school district can really dip into property values.
You Can Easily Access The Things You Need
If you can access the shops, restaurants, and other conveniences easily from your neighborhood, that’s the sign of a good location. No one wants to have to drive 45 minutes in order to get to the grocery store. Many people who are looking for homes like to be in or very close to the action and have easy access to the things they need. Think in terms of convenience when it comes to location.
A View And Nature
A home with a view is always a sign of a great location. whether you’re near the water or near the mountains, it’s nice to have something scenic and peaceful near your home to enjoy. Property values near the water are also always a bit higher than those further inland.
Access to public transportation is key in many neighborhoods. You want to be able to easily get to and from where you need to go without waiting around. If the area is more suburban or rural, access to freeways and main roads is key. Adding precious time to your commutes is never pleasant. Many times location and commute times come down to a simple matter of balance and planning when searching for a property.
If your initial offer to purchase a home is countered, there is no need to stress. In fact, there are lots of reasons why you should negotiate with a house seller, and these include:
1. You can speed up the homebuying journey.
The homebuying journey may prove to be long and complicated. If you find a house you want to buy, however, there is no need to wait to submit an offer to purchase this home. And if a seller wants to negotiate with you, it may be worthwhile to work with this individual so you can acquire your ideal house.
A homebuying negotiation enables you to try to reach a house purchase agreement with a seller. Plus, if you and a seller cannot come to terms, you can always reenter the housing market and continue to search for another home that matches your expectations.
2. You can find common ground with a home seller.
When it comes to buying a home, it is important to avoid submitting a "lowball" offer to purchase. If a buyer submits a lowball property buying proposal, he or she risks alienating a seller. Worst of all, a seller may be more likely than ever before to reject the buyer's proposal and move forward with other offers to purchase.
Thanks to a homebuying negotiation, you can come to terms on a home purchase agreement that works well for both you and a seller. As a result, both you and a seller will be satisfied with the final terms of a home purchase agreement.
3. You can pay the lowest price for your dream home.
If you feel a seller's initial asking price is too high, negotiating with this individual offers an excellent opportunity to get the best price for your ideal house. And if you open up negotiations with a seller, you could acquire a terrific house at a budget-friendly price.
Of course, it is crucial to consider the seller's perspective during a homebuying negotiation. If you maintain constant communication with a seller, both you and this individual can work together to finalize a home purchase contract.
Negotiating with a home seller may be stressful, regardless of whether you are buying a house for the first time or have purchased residences in the past. Fortunately, if you hire a real estate agent, you can receive expert support as you negotiate a home purchase.
A real estate agent is happy to negotiate with a house seller on your behalf. He or she will keep you up to date throughout a home purchase negotiation. Best of all, a real estate agent will do everything possible to help you purchase your dream house at the lowest price.
For those who want to achieve the optimal results during the homebuying journey, it generally is a good idea to negotiate with a seller. If you are willing to negotiate with a seller, you could acquire your dream home faster than ever before.
If this is your first time buying a home, you might be worried that you aren’t asking enough questions. Or maybe you’re concerned you’re not asking the right questions--the things that matter the most when making a financial decision as important and life-changing as buying a home.
While everyone’s situation is unique when buying a home, there are some questions that all buyers could benefit from asking. These questions will help you learn more about the home, how competitive the house is, and how much work you’ll need to put into it.
Since time is usually of the essence for people buying a home, it makes sense to ask questions early on so that you don’t waste too much time exploring an option that isn’t ideal for your situation.
In this article, we’re going to give you 5 important questions to ask when you talk to a seller and their agent so that you can be prepared to make the best decision for you or your family.
1. How flexible is the asking price?
While few sellers or agents will outright tell you if they’d accept a lower offer, it’s still a good idea to ask this question, as it will open up a conversation about the seller’s feelings toward the home and whether they’re pricing high with the hopes of receiving slightly lower offers.
2. How many offers has the home received?
It may seem counterintuitive, but most agents and sellers will be quite happy to tell you if they’ve received other offers. They know that once you know the current offer you’ll have to either come up with a higher offer or move on. It’s a win-win for you and the seller, as it equips both of you with information you need to make the best choice.
3. Why are the sellers moving away?
This question can be personal, so if you receive an answer that suggests it’s a family matter, don’t press for too many details. However, some sellers and agents will let you know exactly why the house is for sale. From this simple question, you can learn the seller’s timeline for making the sale, details about the schools or neighborhoods, and any other reason that might drive someone to move out of the neighborhood.
4. Are there any problems with the house that you know of?
Although you’ll have an inspection contingency in your contract if you do decide to make an offer on the home, it’s better to know if there are any issues with the home before going through the bidding process.
Most sellers understand this and will be upfront about any problems with the home, including repairs that need to be made now or will need to be made soon after you move in.
5. What is the average cost of utilities?
Buying a home comes with a lot of added costs and fees. However, many people forget about the changes in the cost of utilities that comes with buying a home--especially if you’re moving from an apartment where some utilities may have been included.
The seller will be able to give you a good estimate on the cost of electricity, garbage removal, internet, heat, and more.