Tag Archive for Buying a Home

Homebuyers Round-Up: Four Reasons To Buy Now, Maintenance Tips You Need to Know, Pros and Cons of a Fixer Upper

 

The Homebuyer’s Round-Up is a curated list of home buying, home maintenance and related stories.

four-reasons-to-buy-a-home-this-fall

KEEPING CURRENT MATTERS
4 Reasons To Buy A Home This Fall!

Keeping Current Matters lists the four reasons to buy a home this fall. 1. Annual home prices will continue to rise. 2. Market rates will increase over the next 12 months. 3. Whether paying rent or paying to own a home, you’re creating equity; thus, it’s better to create it for yourself rather than a landlord. 4. Depending on where you are in life and your goals, it could simply be the best time to buy.

AMERICAN HOME SHIELD
Maintenance Tips Every New Homeowner Needs to Know

Becoming a homeowner is one of the biggest decisions that many will make in their lives. Knowing what preventative home maintenance tasks to address can help a new homeowner make the decision a less daunting one. According to American Home Shield, some steps to take include locating your main water shut off valve, finding your circuit breaker box, checking your foundation and calling 811 before you dig.

HOUSINGBUZZ
Pros and Cons of Buying a Fixer Upper

Purchasing a fixer upper has its pros and cons. Housing Buzz Blog suggests the following pros and cons to consider if you aren’t sure if a fixer upper is right for you. Some pros to buying a fixer upper include lower monthly payments and tax savings. Some cons include multiple repairs and going over budget.

HUFFPOST | Vicky Law
Six Renovation Tips That Can Help Reduce the Cost of Your Home Maintenance

Early home renovation is highly cost effective when it’s properly planned. HuffPost provides six tips to help homeowners reduce maintenance costs. Among the list are to only seek professional opinions for major renovations, plan renovations between January and April for better discounts, and buy supplies at a thrift market or auction.

REALTOR.COM | Clare Trapasso
Why It’s a Better Time for Buyers on a Budget to Purchase a Home

We’re now past the most competitive season for home buying. According to Realtor.com, the median price of an existing home dropped for the second month in a row from $263,300 to $253,000. Home prices typically drop in the fall since most families purchase houses in the summer so that they can settle before the school year.

 

 

 

What A Beautiful Outside Can Do For Your Home’s Inside

GRH_BlogPost_How Great Landscaping Says Come Inside

Creating an inviting landscape not only ensures a positive first impression with buyers, but may also increase your home’s value and lead to a quicker sale. You don’t have to spend a lot to make big improvements in your home’s curb appeal. Keeping your lawn manicured – mowed and edged – and trimming bushes and trees is an inexpensive way to make a positive impression on buyers. You’ll also want to remove any dead or diseased plants and ensure beds are weeded and freshly mulched.

Before beginning any landscape project, make a plan. And if you live in a neighborhood with restrictive covenants requiring approval by a landscape committee, be sure to follow proper procedures to avoid spending money on projects that you may be forced to undo later. A project plan will also help ensure that you make wise choices and stay within your budget.
Use color and depth to create visual interest, and select a variety of plants that bloom or change color throughout the year so your yard will be attractive regardless of the season. If your yard is open to your neighbors’ yards, a street, or public areas, consider screening to create a more private space. This can be accomplished naturally with evergreen trees and bushes, or with an attractive fence.

Sometimes what you remove from a yard can be as important as what you put in. If the front of your home is obscured by overgrown trees or bushes, remove them or trim them back to help buyers get a clear view of your home. Remember that the goal is to create a welcoming first impression that says, “Come in!”

Trends in Landscaping:

  • Low maintenance vegetation: less lawn to mow, helps keep weeds in check.
  • More trees: enhance beauty and provide shade.
  • Decks, patios, and terraces: an outdoor living space for entertaining and relaxing.
  • Outdoor lighting: provides enticing views of your home and landscaping at night.
  • Irrigation system: costs more but simplifies lawn care and is attractive to buyers.

First Impressions Count: Make Your Home Really Stand Out

First impressions at house showings are everything; when there is an excess of inventory on the real estate market, you need to make your home the one buyers just have to have ­ you must be the standout. Here are some ways you can do that.

Give your Realtor talking points say what’s good about your home. Maybe it’s in a prime location with access to great schools and amenities, has a bustling nightlife, or enjoys a private, quiet setting whatever you think is great about your home.

Show you care about your home make it loved, and make it show. Make sure that your house is sparkling clean for every showing and impeccably maintained.

Get rid of any trash and clutter ­ open up your home to make it feel more spacious and sell yourselves as conscientious homeowners passing down a family treasure.

Don’t let anything in or outside of your home be in disrepair because you’ll give the impression that this is a home not worth caring about.

As maintenance goes, painting is your number one best property maintenance investment – it’s relatively cheap, covers neglected surfaces, and gives everything a fresh, clean topcoat. There is just no better bang for your home improvement buck.

Cleaning your home for every showing is absolutely critical to selling it at a favorable price.

 

Q&A with Featured Broker: Sami Kabir

SamiKabir

Sami Kabir is the Broker Manager of Guidance Realty Homes’ New York Metro branch. With more than a decade of real estate expertise under his belt, Sami brings a diversified real estate background that includes experience in the mortgage business as well as a keen ability to excel in creatively marketing properties. Having lived in New York for over 30 years, Sami has experienced much of the highs and lows the Big Apple’s real estate market has to offer. His knowledge of the New York Metro Area includes Nassau, Suffolk, Queens, and Brooklyn.

What advice do you have for first-time homebuyers?

The process of purchasing your first home can be daunting. Working with experts who are knowledgeable about the local real estate market, knowledgeable about the mortgage industry and can effectively negotiate on your behalf is the key to avoiding any last minute surprises. My team and I are fortunate to have all three skill-sets.

What is it about working with buyers and sellers that excites you the most?

What excites me the most is when I receive a phone call from a client thanking my team and I after they have moved into their new home and/or after the successful sale of their property. Those two things are my motivation to keep going.  In addition, I really get excited when I receive a call from a friend or family member of a client requesting that I assist them in finding or selling their home.

What advice would you give someone who is thinking about selling their home?

Do not decide on a selling price prior to collecting all the facts about your home and the market at that time.  We only begin working with sellers when we’ve captured enough data to support our pricing. The information that I will share with you will not only sell your home fast but it will put more money in your pocket. I take pride in serving my sellers by informing them of the do’s and don’ts ahead of time. Our 15 point marketing plan prepares home sellers for a smooth and stress-free sales process.

Can you describe what a successful sale means to you?

A successful sale to me is when a buyer and seller are both happy with the transaction in front of them at the closing table. Nothing short of smiles and a jovial environment at settlement will satisfy me and say to me that we have a successful transaction.

Can you describe a situation in which you informed a potential buyer that a home was not right for them?

My opinion is that a buyer must be ready, willing, and able to purchase before moving ahead on a property.  In today’s market, buyers are more educated than ever and know what they want. I have only discouraged a buyer in instances where the financial risk involved are too high.  For example, I will discourage a buyer if after analyzing their monthly mortgage payment, I realize that their financial commitment is too big of a stretch for them.  I will also discourage buyers in situations where the financial risks associated with the purchase (e.g. fixer-uppers) far outweigh the potential gains that may be expected.