Before you can seriously consider purchasing a home, it's important to know exactly how much you can afford. This can be the scariest part of the buying process for some. it's perfectly natural to be nervous, but we put you in touch with someone you can trust to help get you pre-qualified.
In the US, due to the mobility of our economy, the length of ownership is about 5 to 7 years. This is important to keep in mind when looking for your next home. For instance, homes backing up to a busy street or railroad sell for less and take longer to sell than homes in the neighborhood.
Flooring, light fixtures, plumbing, paint colors, and wallpaper can all be changed. Don't let the lime green wallpaper turn you off of your potential dream home. Think of how much fun it will be to make a home YOURS!
Too often, we have seen home buyers fall in love with a property, wait a few days to make a decision they are nervous, and the home that they fell in love with SOLD! If you love the home, don't wait for someone else to live in YOUR home - be prepared to write an offer!
To better determine the best price to offer, or to know if the asking price is correct, look at recent sales similar homes called 'comparable sales'. Comparable Sales are recent sales of homes that compare closely to the one you are looking to purchase, usually sold in the past few months. Specifically, you want to compare prices of homes that are similar in square footage, garage spaces, the number of bedrooms and bathrooms, lot size, etc. Let us help you with a Buyer's Market Analysis.
Cons: So, why not build a new home? Aside from the fact that you’ll likely pay more per square foot, you’ll also wait longer to move in. Most buyers can move into their new-to-them home just weeks after making the initial offer. If you build, you’ll be waiting months. Pros: The main benefit of building is the ability to tailor your home to your preferences. Custom homes are built to meet the buyer’s personal vision. Each custom home is unique, so this option is more expensive. Tract homes are built with similar styles and allow for some customization in color choices, flooring options, and certain finishes. Limited choices reduce labor costs—and your bottom line.