“I’ll hold off buying a home until next year.” If you’ve thought of purchasing a home, but don’t want to deal with the process now, you’ve probably had this thought cross your mind a time or two. A pretty common tendency to hold off things on our to-do list, especially the ones that seem like a lot of work. But would you hold off the task if I told you that waiting could make a difference of tens of thousands of dollars? Meaning it could cost you a $10,000-$50,000 (or more) difference to get the home you want today, in 2019’s market.
It’s anticipated, by the national historical trend report, that homes are on the rise by over 5% each year. That house you’ve been eyeing online, listed for $225,000, could be listed next year for $236,250. That is over $10,000 more just for waiting till 2019. This isn’t even bringing into question the rising APR rates for mortgages, that can increase your monthly payment amount on a home pretty significantly, as well.
I get it, the home buying process can seem pretty intimidating. But with an experienced agent on your side, it can actually go pretty smoothly. Let’s get in touch. It won’t hurt to connect you with a preferred lender and run the numbers through to see what you qualify for. The right time is always right now, I want to help you save the money you deserve to keep, by avoiding the wait.
Real estate agents seem to grow on trees. 🌳 (Am I right?)
Everyone can list off a few agents from their cousin to the “nice lady” they talk to at the local coffee shop. But choosing the right agent is a critical element to having a successful transaction. Experience and expertise vary widely from agent to agent, so how can you choose the right person for your needs?
How do you choose the right real estate agent?
• Ask for Referrals – Yes, everyone knows an agent, but asking someone with a recent transaction is the best way to find a good agent.
• Do Your Research – Fortunately the Internet makes it very easy to do some research. Check local sites like Yelp or Next Door, move around their website and check their license for complaints.
• Interview Several Options – Make them earn your business. Conduct a real interview with several agents and see who best fits your style.
• Ask the Right Questions – The agents should be able to discuss their marketing plan for a home sale and offer their process for home buyers, including lenders, home inspectors and escrow.
Remember that the right agent is not always the one who tells you what you want to hear. Listen carefully for how they answer your questions. Make sure you can work with them and have an “opt out” clause in any contract, just in case.
So, you’re thinking of putting in an offer for home you LOVE! Your agent is explaining the contract to you, and you come across the contingency clause. When your Realtor explains it, you kinda understand, but you still have questions… You wonder, to yourself, “What the heck is a contingency, anyway?”
Well, my friend, contingencies are commonplace in contracts of all kinds. A contingency allows for one party or another to legally back out of a contract in the event of some specific condition occurring. They are protection against the unknown.
In real estate, there can be contingencies inserted for either buyer or seller or both. These take many different forms and until removed in writing, either party may change their minds based on the result of the contingent event or issue.
Some examples of home buyer contingencies:
• Home inspections – condition of the home
• Specialty inspections – mold, geological, roof inspections
• Code Violations – an investigation into improvements made without permits
• Lender appraisal – ensures the offered price is not too high
• Sale of current home – allows the buyer to back out if they cannot sell their current home in specific time frame
• Final loan approval – loan is ready for signature and close
• HOA CC&Rs – review of documents to ensure rules and regulations do not infringe on enjoyment of property
• Insurability – home owner’s insurance available at a reasonable rate
Home sellers can also have contingencies included as well, such as one which states the sale is contingent on finding a replacement home. Contingencies are a fact of contract law. In real estate, they ensure that the offer is concluded as expected.
Have more questions? I have answers! Leave a comment below with your burning questions!
Moving into a new home? I know just how exciting that can be! I’ve compiled a checklist of a few things you can do surrounding your move to make sure it goes well. Some of these things, you may have already thought about. But, there are some that may not have ever crossed your mind. (And if you want to take this checklist to go, there’s a link at the end of this post to download a shortened PDF version of the checklist. 🙂)
✔ SET UP UTILITIES
Did you remember to set up your utilities before moving in? There’s nothing more frustrating than moving into your home to realize the lights don’t work. Make sure you’ve gotten with all of the necessary utility companies to have everything turned on in time for your move.
✔ CHECK MAJOR APPLIANCES
Be sure to check all the appliances to ensure everything is still in working order after the move. You want to make sure nothing was broken in the move or stopped working suddenly. Look at things such as your stove, dishwasher, washer and dryer, refrigerator, and microwave. If you brought any appliances yourself and you used movers, you’ll want to make sure everything still works with them, since mover’s insurance companies give a limited timeframe for when you can make a claim.
✔ CHECK ALL OF YOUR BOXES & FURNITURE
Be sure to go over all your boxes and furniture to make sure nothing got damaged during the move. Be sure that everyone has arrived and didn’t get lost in the process. If you notice something is missing a month later, it may be too late to file a claim with the moving company. Even if you don’t plan on unpacking everything as soon as you move in, just do a quick review and inventory everything you brought to protect yourself and your belongings.
✔ REGISTER YOUR KIDS INTO A GOOD SCHOOL
You may have already known to look for a school for your kids prior to your move, but if you haven’t yet found one, be sure to research all the schools local to you to find the right fit for your family. The sooner you can find the right school and register, the easier and less stressful it will be to get them in and settle.
✔ REGISTER YOUR CAR
If you’ve moved to a new state, city, county or country, you’ll want to make sure to register your car in your new hometown and update your driver’s license, tags, and plates.
✔ UPDATE YOUR MAILING ADDRESS
Have you updated your address from all the people you’ll be expecting to get mail from? Like your bank, friends, family, and services you still pay for after your move. Check with the post office to have things redirected to your new address while you work to update your info with everyone else.
✔ GET CONNECTED WITH YOUR NEW NEIGHBORHOOD
Join sites like Nextdoor.com or get a subscription to your local magazine/newspaper to stay in touch with what’s going on in your neighborhood. Be sure to also join local community Facebook groups. You can find out about events or concerns relating to your community.
✔ FIND THE RIGHT PROFESSIONALS
If you’re moving far from your last home, you’ll want to have the right connections. Find a new doctor, dentist, vet, handyman, plumber, etc. Add them into a contact book that’s easily accessible.
✔ EMERGENCY CONTACT LIST
If you’re moving to a new country, 911 won’t be the local emergency number. Make sure you have all the correct numbers in the case of an emergency. This can also include doctors, the local police station, a vet, etc.
✔ INSURANCE COMPANIES
More than likely, you handled home insurance and home warranty during the purchasing process. If you haven’t, be sure to get those taken care of right away. You’ll also want to get your auto, health, and any other necessary household insurances sorted for your move.
Download a printable checklist here >>> MOVING CHECKLIST
Do you have any additional tips for moving? Leave ’em in the comments below! If you think these were helpful tips, Share this with your friends!
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