“What Kind Of Home Can I Afford In My Budget?”
Asking what kind of home would be the best choice is one of the most common questions that homebuyers usually ask. They are investing a large amount of their money, so getting an estimate of what kind of home they can afford is a fundamental right. Your lender of choice and agent will help you calculate your financial stability and show you how much home you can comfortably afford.
“How Can A Real Estate Agent Help Me Buy Or Sell A Home?”
Real estate agents have the experience, connections, and knowledge to help you sell or buy a house for the right price. If you are selling, a real estate agent can:
- Help you choose the right price (and adjust it down the line)
- Put your house on the MLS and give your listing more exposure
- Stage your home for open houses and answer buyers’ questions
If you are buying a home, a real estate agent can help you:
- Find houses in your price range (and possibly negotiate with the seller)
- Recommend experts that will help you appraise, inspect, and buy the house
- Offer useful advice about the current housing market and next steps
While it is possible to buy or sell a home without an agent, you can trust that a real estate agent will get you the best deal and save you money down the line.
“How Can I Start Searching For My Home?”
Another reason why having the help of an agent is more than beneficial. Thye will walk you through every step of the way. Effectively searching for a home is crucial where the buyer can consider their purchasing based on area, property type, and the surroundings. Agents can offer market reports for a city to try and help keep the home search organized and less complicated.
“How Many Homes Should I See Before Making An Offer?”
As many as you want! While home shoppers these days can look at hundreds of homes online, the average home buyer will look at between 5-10 homes before putting in an offer on one. It is important to remember that everyone is different, and this process can vary from person to person. Some people will find their dream home within hours of house hunting while others can take months. It can help to hone in on a particular neighborhood that you are interested in. Still, if you begin to feel limited by the options, it may be time to expand to surrounding areas.
“What Should I Disclose To Potential Buyers?”
When selling a home, it’s essential to disclose to potential buyers anything you are aware of in your home. Nobody likes “getting the raw end of a deal” when it comes to buying a home, car, or anything for that matter. If you’re aware of defects with a roof, appliance, or home in general, it’s worth just being honest and upfront in the beginning. If you’re aware of defects, fixing whichever ones possible before going on the market is best. This can avoid potential issues and/or lawsuits once your home is under contract, after inspections, and even years after you have sold your home.
“Can I Determine How Much My Home Is Worth From An Internet Website?”
The answer to this frequently asked question is NO! Anyone who has bought/sold a home, or just looked at houses, has heard of websites such as Zillow and Trulia. These are also commonly referred to as third-party real estate websites. These websites use computer-generated home values based on calculations and formulas.
These inaccurate estimates or “Zestimates” can create a false sense of hope. A home seller who is told their home is worth $20,000 less than the online estimate is going to be understandably upset. It’s critical that when selling a home, the value is determined by a Realtor in your local area, not an internet website!
“How Do I Know If My Timing Is Right?”
You can keep an eye on local home prices, mortgage rates, and other factors to can help you decide when the time is right to sell your home. Still, oftentimes people can’t wait for everything to fall perfectly in line. For many, there is no “right time.” The best way to decide this is to communicate with your agent about your goals and expectations for selling and have them help you decide when the best time to sell is.