MISTAKE NO. 10 … Not purchasing a home protection plan
HERE’S HOW TO AVOID IT … This is essentially a mini insurance policy that usually lasts one year from the date of the sale. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.
MISTAKE NO. 9 … Not examining insurance issues.
HERE’S HOW TO AVOID IT… Purchase adequate insurance. Advise from an insurance agent can provide you with answers to any concerns you may have.
MISTAKE NO. 8 … Not having a home inspection.
HERE’S HOW TO AVOID IT… Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
MISTAKE NO. 7 … Not following through on due diligence.
HERE’S IS HOW TO AVOID IT … Make a list of any concerns you have relating to isuues such as crime rates, schools, power lines, neighbors, environmental conditions,ect. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.
MISTAKE NO. 6 … Not considering long-term needs.
HERE’S HOW TO AVOID IT … It is important to think ahead. Will your home suit your needs 3-5 years from now? How about 5-10 years?
MISTAKE NO. 5 … Thinking that there is only one perfect home out there.
HERE’S HOW TO AVOID IT… Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your real estate agent for a comparative market analysis. This compares similar homes that have recently sold or are still for sale.
Friday, December 31, 2010
Putting your home on the market isn’t as simple as placing a FOR SALE sign in your yard… Here’s the good news…there are several steps to take prior to listing your home that will make the transaction smoother and quicker.
STEP FIVE… Price it right. The original asking price of your home has a huge impact on the ultimate sales price. If you price it too high, buyers will look for better values and your home will remain on the market longer. The longer your home is on the market, the less desirable it becomes to buyers—even if you eventually lower your asking price—because most buyers will avoid a home that others are avoiding. Conversely, pricing your home too low may result in a quicker transaction but will yield you less money in the end.
MISTAKE NO. 4 Limiting your search to open houses, ads or the internet.
HERE’S HOW TO AVOID IT… Many homes listed in magazines or on the Internet have already been sold. Your best course of action is to contact a real estate agent. They have up-to-date information that is unavailable to the general public, and they are the best resource to help you find the home you want.
Saturday, December 18, 2010
Putting your home on the market isn’t as simple as placing a FOR SALE sign in your yard… Here’s the good news…there are several steps to take prior to listing your home that will make the transaction smoother and quicker.
STEP FOUR… Showcase your home. Curb appeal and first impressions are valuable assets when selling your home. Clear unnecessary items from your yard and maintain the landscape to welcome visitors. Keep the interior of your home clutter-free to maximize your home’s livable space.
Saturday, December 11, 2010
MISTAKE NO. 3 Not knowing the cost involved.
HERE’S HOW TO AVOID IT … Early in the buying process, ask your real estate agent or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered. Pre-pay responsibilities such as homeowner’s association fees and insurance must also be taken into account.
Remember to examine your settlement statement prior to closing.
