Karen Lawley's Blog
Putting an offer on a home is an exciting event. You don’t want to get so excited that you overlook the important factors that go into buying a home. Follow the tips below before you put an offer on a property.
In order to come up with a price to offer on a home, you need to do some research. You should have a general understanding of the local market. Although your realtor will have a good grasp on this, it’s always a good idea to be an informed buyer. You can work with your realtor to find the right price. You don’t want to blurt out a number that is completely out of line for the neighborhood or market conditions.
A good place to start is by taking a look at what the homes in the the neighborhood are selling for. You can also look at what homes in the area have recently sold for. The advantage to hiring a realtor is that they have easy access to all of this research and information. Be sure that the properties that you look at are comparable to the one that you hope to put an offer on. You can even do this ahead of time if you have an idea of what kind of property you’re looking to buy.
Another useful tool in the research part of making a offer is the history of the property. When did the seller purchase the property? At what price? If the seller has moved in more recently, you may have some wiggle room for negotiations.
Getting pre-approved gives you some buying power. First, you’ll know how much house you can afford. Next, you’ll know that a lender is dedicated to lending you that amount to buy a home. Your offer will be taken more seriously if you have been pre-approved because the seller will know that you can get the funds to purchase the home.
Get The Help Of A Realtor
When you hire a realtor, you’re getting the agent along with the team of people that they work with. Realtors can recommend you to everyone from home inspectors real estate attorneys. An attorney is an especially helpful advocate in the process of buying a home because they can check to be sure that your offer meets the legal requirements within your state and protect your interests as a buyer.
The attorney will also look at the purchase agreement for the home. This will include all of the details of the property transaction:
- The date of the offer
- The address and property description
- Amount offered for the home
- Loan details including the down payment amount
- The closing date
- Any contingencies
These will all be very important to you as a buyer and a lawyer make sure that everything is legally sound will be a great protection for you.
Now, you’ll be ready to seal the deal!
Does your real estate agent have what it takes to help you streamline the process of buying or selling a home?
Ultimately, when it comes to choosing a real estate agent, it pays to hire a housing market expert. With this real estate professional at your side, you can accelerate the homebuying or home selling cycle and improve your chances of achieving your desired results.
There are many signs that a real estate agent is a housing market expert, and these include:
1. A real estate agent keeps you up to date about the housing market.
Ideally, you should be able to find a real estate agent who will go the extra mile to keep you up to date about housing market trends. This housing market professional can help you make informed decisions throughout the homebuying or home selling journey.
In addition, the right real estate agent should have no trouble differentiating between a buyer's market and a seller's market so you can plan accordingly. He or she will assess housing market data regularly, and as such, be better equipped than other housing market professionals to help you stay ahead of the competition.
2. A real estate agent possesses extensive industry experience.
If you're on the lookout for a real estate agent, it certainly is beneficial to hire a housing market expert with comprehensive industry experience.
A real estate agent with extensive industry experience will know how to handle tough homebuying or home selling situations. That way, he or she can help you identify and overcome myriad hurdles as you try to buy or sell a house.
Furthermore, a real estate agent who possesses in-depth experience likely has plenty of confidence. This housing market professional should be able to help you alleviate stress and remain calm, cool and collected at each stage of the homebuying or home selling journey.
3. A real estate agent can answer any of your housing market questions.
Navigating the homebuying or home selling journey can raise many questions. Fortunately, the right real estate agent will be ready to answer your housing market questions at any time.
A real estate agent who knows the ins and outs of the housing market can provide you with the insights that you need to succeed, regardless of the current real estate sector's conditions. Plus, he or she will listen to your homebuying or home selling concerns and offer honest, unbiased recommendations to help you accomplish your goals.
Lastly, it may prove to be worthwhile to hire a real estate agent who is a great communicator. This housing market professional will be able to explain complex real estate concepts in simple terms, making it easy for any homebuyer or home seller to make the best possible decisions.
Ready to buy or sell a house? Collaborate with a real estate market who is a housing market expert – you'll be happy you did. This housing market expert can help you proceed with confidence and accomplish great things throughout the homebuying or home selling journey.
When it comes to buying things for the home, the air conditioning unit is not the most intriguing. But it is one of the essential components. Choosing the right A/C unit may be the difference between utmost comfort and sizzling heat. Determining the right type of air conditioning unit and how to measure for it will help you find the ideal one for your home.
Types of Air Conditioners
Before you buy an A/C unit, you need to know which type is right for your home. Air conditioning units come in varied sizes, shapes, and prices. Below are four types to consider when shopping around.
• Central Units: This kind of A/C pumps cooled air from a split unit into an entire home via duct work. Although it is expensive, it is more energy efficient. If your home already has duct heating, this is an excellent choice for you.
• Window Units: A window unit sits on a window sill and pumps cool air inside a room and forces warm air outside. They are great for keeping single rooms cool, but in a larger home you may need several to keep the temperature comfortable.
• Through-the-Wall or Mini-Split Units: These systems attach to an exterior wall with the compressor and condenser portions of the unit on the outside and the controls and airflow on the inside. These come in various shapes and sizes. Some are meant for installation below a window while other designs allow for overhead placement.
• Portable Units: This type is ideal if you have limited space and want to move from room to room with ease. If you are conscious about home decor, portable units are very sleek-looking. Some portable units utilize a hose to eject hot air outside a window while others simply recirculate the air within the room.
Things to Consider When Choosing an A/C Unit
Once you’ve narrowed down the type of system, choosing the right A/C unit is not difficult. Below are the items to check when selecting the perfect A/C unit for your home.
• Capacity: When it comes to choosing the right A/C, it is vital to pick the correct size. Picking the right size does not mean the physical size of the A/C unit but for the output of your home. Generally, air conditioner sizes measure by BTUs (British Thermal Units) for window, wall or portable units or by the ton for central-duct units. To know the right size for your home, you need to know the square footage. For a BTU system, 8,000 BTUs will cool 350 square feet and 1,2000 BTUs will cool 550 square feet. For centralized systems, you add one ton for every 600 square feet of your home. That is to say, if a home has 3,000 square feet and you want to cool the entire house, purchase a 5-ton air conditioner unit. Figure out the size of your home and choose an A/C unit that is the ideal size based on tons.
• Energy Efficiency: Now that you know the size of the A/C unit, it’s time to think about energy efficiency. Energy efficiency may be complicated, so it’s best you consult an HVAC professional for expert advice. Choosing a more efficient A/C unit saves money, and it’s eco-friendly.
• Features: Some A/C units come with better features than others. Check for features such as smart thermostats, auto delay switches and fan-only options before buying an A/C unit for your home.
• Warranty: Before you buy, double check the warranty of the A/C unit to make sure any foreseeable malfunctions are covered. Some warranties only cover parts like the condenser or the pump while others cover labor and parts if the unit becomes faulty.
For expert advice on finding your perfect air conditioning unit, have an energy efficiency inspection done for your home, or consult an HVAC professional.
If you have plans to buy a house as quickly as possible, it is important to maintain flexibility. That way, you can adjust your homebuying timeline at a moment's notice.
Ultimately, there are many instances where you may need to modify your homebuying timeline, and these include:
1. You are struggling to identify your dream home.
It generally is beneficial to enter the housing market with homebuying criteria. These criteria can help you hone your house search and may be modified as you attend home showings and open house events.
Also, think about where you want to purchase a house. If you would prefer to own a home in a big city, you can tailor your house search accordingly. Or, if you want to live in a small town, you can focus exclusively on residences in areas that match or exceed your expectations.
Even with homebuying criteria in hand, however, changes to your homebuying timeline may be required. But if you remain patient and persistent throughout the homebuying journey, you can eventually discover your dream house.
2. Home sellers are rejecting your offers to purchase.
Once you find your dream residence, you may submit an offer to purchase it. Yet if your offer fails to hit the mark with a home seller, you are unlikely to receive an instant "Yes."
If you find that your offers to purchase houses are rejected time and time again, you may need to adjust your homebuying timeline. Furthermore, you may want to rethink your homebuying strategy.
To submit a competitive homebuying proposal, you should consider a house's condition and age, as well as the current state of the real estate market. This information can help you craft an offer to purchase that accounts for a variety of factors and likely will meet the needs of both you and a home seller.
If a home seller rejects your offer to purchase a house, there is no need to worry. Remember, the real estate market offers many opportunities, and homebuyers who are diligent can continue to search for the right house at the right price.
3. You have yet to find the right real estate agent.
A real estate agent may hold the key to a successful homebuying journey. He or she can help you set realistic homebuying expectations and ensure you can achieve the optimal results.
If you need to adjust your homebuying timeline, a real estate agent can help you do just that. Plus, a real estate agent will keep you up to date about new houses that become available in your preferred cities and towns and set up home showings. And if you decide to submit an offer to purchase a home, a real estate agent will help you put together an aggressive homebuying proposal.
Ready to streamline your home search? Reach out to a local real estate agent today, and you can get the help you need to pursue your ideal residence.
If you're getting ready to put your home on the market, the thought of organizing, cleaning, and arranging it may seem like an overwhelming project!
Knowing where to begin and how much money to spend on home staging and decorating are among the many questions that may be flooding your mind, right now.
The key to success is to make as much of an impact as possible, without spending more money than necessary.
One way to avoid "spinning your wheels" when it comes to maximizing the appearance of your home is to work with an experienced real estate agent. A good agent will quickly notice aspects of your home that need attention and advise you on the most cost-effective ways to improve its marketability. If they've shown dozens (or more) houses in their career, they'll be very familiar with all the things that attract buyers, as well as what repels them.
Although everyone has different tastes and expectations, many house hunters are attracted to gleaming hardwood floors, energy efficient windows, and stainless steel appliances. While it may not be cost effective to have new floors, appliances, and windows installed to sell your house faster, you can make the best possible impression by making sure the windows are crystal clear, hardwood floors are polished, and appliances are clean and shiny.
Since many house hunters pay close attention to the kitchen, it's especially important to win their approval on appearance and cleanliness. Because food is prepared and often consumed in the kitchen, it's going to be one of the more challenging rooms to keep clean -- especially if you have children. However, if a prospective buyer is wavering between two houses for sale, you can be reasonably sure that the one with the clean kitchen and bathrooms will be their preferred choice.
There are a lot of other ways you can make your kitchen appealing to buyers, too. By minimizing clutter on counter tops and displaying fresh flowers and a colorful bowl of fruit, you can make your kitchen look much more inviting. Prospective buyers will also respond favorably to appealing fragrances, such as freshly baked bread, cookies, cinnamon buns, or coffee. Clean windows, attractive curtains, and plenty of natural light will also add to the ambiance of your kitchen.
The ideal reaction from potential buyers touring your home would be something to the effect of "I can imagine us preparing dinner, entertaining guests, and sitting around the breakfast table in this house!" Setting the table so that it looks like the family is just about to sit down for a meal together is one way to help convey that image. The encouraging news is that when someone expresses sincere appreciation for the comforts and features of your home, there's a good chance they'll find a place for it on their short list of possibilities!