Introduction
Buying a home is one of the most expensive decisions you’ll make in your life, and finding the perfect home can sometimes be a challenge. Says Wade Kricken, many buyers focus on the number of bedrooms or the size of the yard and forget to check the quality of the appliances. You don’t need to see every house in person before you decide which you want to buy. When it comes time to make an offer, don’t just go with what you think is right. Check out recently sold prices for comparable homes!
Buying a home is one of the most expensive decisions you’ll make in your life, and finding the perfect home can sometimes be a challenge.
Buying a home is one of the most expensive decisions you’ll make in your life, and finding the perfect home can sometimes be a challenge. Before you begin your search for real estate, it’s important to understand that buying a house is much more than just a place for you to live. Buying real estate means investing in something that will likely appreciate in value over time. In other words, it’s an investment in your future!
Buying real estate also gives you many opportunities for tax breaks. You can avoid paying capital gains taxes on any profits from selling or refinancing by using Section 1031 (like-kind) exchanges instead of regular sale proceeds from IRS Form 8949 or Schedule D at tax time each year (more on this later).
Many buyers focus on the number of bedrooms or the size of the yard and forget to check the quality of the appliances.
Many buyers focus on the number of bedrooms or the size of the yard and forget to check the quality of the appliances. You should be prepared to see a substandard stove, refrigerator, microwave and dishwasher. In addition to checking for Energy Star-rated appliances (which are more energy efficient), you should ask if they have ever been serviced and if so, by whom? Also ask if there is a warranty on them because if something goes wrong after you buy it will be your responsibility to deal with it.
You don’t need to see every house in person before you decide which you want to buy.
There is a lot of information you can gather about a house without actually seeing it in person. You can look at the property records for the county, search Google or Zillow to see if there are any photos of the property, and ask people you trust to give you their opinions.
You could also hire an inspector who will give an honest assessment of the home’s condition before signing on the dotted line for your new house.
When it comes time to make an offer, don’t just go with what you think is right. Check out recently sold prices for comparable homes.
When it comes time to make an offer, don’t just go with what you think is right. Check out recently sold prices for comparable homes.
A good real estate agent can help you find comparables in the area and tell you what they sold for. This will give you a better idea of the true value of your home so that when it’s time to negotiate, you’ll know whether or not your asking price is fair, and if there’s room for improvement.
Be wary of houses that have been on the market for too long.
It’s important to be wary of houses that have been on the market for too long. This is because the seller may be desperate to sell, which means they might be willing to accept a lower price than they normally would. Remember that sellers want to get as much money from their home as possible and will often try to make up for any losses by cutting corners when it comes to repairs or maintenance. This can result in an unsafe living environment for you and your family, so try not to fall into this trap!
Conclusion
Real estate can be a very exciting and intimidating process, but with these tips, you’ll be well on your way to finding the perfect house.
