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home buyers

5-ways-to-find-the-ideal-first-home

Buying your first home is a daunting, and often confusing task. There is so much to know and for the inexperienced, it can seem like navigating a treacherous minefield. But fear not, we are putting together this concise guide on what to do and what to look out for. Here are our five ways to find the ideal first home.

Needs for your First Home

The first thing to know is what do you need from a home? If you have four kids and a dog, then your requirements are going to be different than if you are just a single person. Do you drive? The answer to this question may influence your choice. Does the property have adequate parking if you do? If not, what is the public transport provision like? You should be able to search for properties with minimum square footage and a number of rooms.

Location

Are you tied down to a particular area? Reasons for this may be that you have caring commitments for family, perhaps an elderly parent? You may want to be mindful of how far your commute to work is. Even if most of us are working from home these days, this trend may not last. If you are looking for homes for sale in Utah then make sure you are strict with your distances and not to leave yourself with too far of a regular trip.

Amenities

There are a lot of new housing developments popping up around the country, which is great, but the downside of this is that often the distance from local amenities can be considerable. It might not be an apparent issue, but if you wind up with a twenty-minute drive each way to get groceries it will become tiresome very quickly. It’s as easy as looking up Google maps and typing in the types of amenities you are interested in and then get directions.

Type of Property

We’ve talked about what size of the property we might be looking for, but this tells us nothing of property type. A detached house would be many people’s preferred choice, you get the most space, the fact that you are not attached to a neighbor and won’t get noise harassment or need to install soundproofing. You also have the advantage of a yard with a house; however, this does bring a degree of maintenance with it. If you go for an apartment then you will inevitably have the smaller square footage, but the cost will be lower, and the property will be easier to keep.

Work Needing Done

One aspect of buying a property that is crucial is to be aware of the condition of a property before making an offer. There is nothing inherently wrong with taking on a property that requires fixing up, but you should be going into the situation fully aware so that you do not end up overpaying. You can then factor in the cost of anything needing doing, from installing an air conditioning unit to fully rewiring the entire property.

SHOP HOME DECOR + HOME UPDATES…

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open-house-tips-for-first-time-buyers

While open houses seem pretty casual, savvy buyers know that checking out a home isn’t just about aesthetics or a quick view. In today’s hot market, you might not get another look before making an offer. If you’re seriously interested in a home, get a feel for the things you can’t change: the neighborhood & ongoing home maintenance needs. You should also get critical details such as when offers are due.

If you aren’t totally sure about how the open-house process works, you aren’t alone. Sometimes home buyers visit an open house to window shop instead of taking full advantage of the opportunity to get important details about the home. When you visit an open house, you should have several questions prepared for the seller’s agent and you should have already conducted some research, too. You want to leave this process feeling that you have enough information to make a well-informed decision.

Here’s what you need to know about the open-house process:

Open house etiquette

It may not be a fashion show, but it’s important to leave a good impression on the listing agent. Bringing your business casual A-game will help you look like a serious buyer. Don’t rush – make sure you get a chance to visit each room and get a feel for the look and smell of the place. Be courteous to the agent and don’t be afraid to ask questions.

What to look for at an Open House

If allowed, you should take pictures of the inside and outside of the house. On the interior of the home, you should be looking for uneven floors, water stains, signs of cracks in the ceilings or walls, and mold. On the exterior, you’ll want to see if there’s any damage to outer walls, or if the roof has any tiles missing. If you can easily spot damage to the home, then it might not be worth your time. it’s important to consider that there may be repairs you’ll need to factor into your budget if you decide to make an offer on the home.

How to take the pulse of the competition

Are other prospective home buyers at the open house? How serious do they seem about the process? Are they asking questions? Do they have a checklist? Be on the lookout when you enter the home. These are potential home buyers who might also make an offer on the property.

Make sure you are memorable

You want to try and ensure that the agent remembers you. Building a good relationship with the agent can be key if you decide to make an offer on the home. Tell a short story about yourself, or ask the agent about their family or how they got started in the real estate business. Make a genuine effort to get to know them in the short period of time you spend at the home. Agents are people too, and people remember those who make an effort.

Know which questions to ask

By now, you know that an open house isn’t just a casual gathering of interested buyers, sellers and real estate agents. It is a major opportunity for you to feel out the home while also getting critical information.

You are probably still wondering what to ask at an open house. You should have several questions prepared, as the open house might be the only chance you get to ask them. If the home is a hot commodity, then other potential buyers might be looking to put in an offer soon. You want to get as much information as possible during the open house so that you can make an informed decision on whether or not you want to go forward with an offer of your own.

Here is a helpful checklist of questions to get answered on your open house tour:

  1. How many offers have been made?

You should always ask the real estate agent if any offers have already been made. If there are multiple offers on the home, it could indicate that the property might sell quickly. If there aren’t any offers yet, then the opposite might be true. Real estate agents hope that multiple offers will push up the sales price of the home. Keep your budget in mind — even if you love the home, you don’t want to get into a bidding war with other prospective buyers if the result is an unaffordable price.

  1. Why are the sellers moving?

The sellers could be moving because one of the owners got a new job across the country. Or they could be moving because the home’s maintenance is unaffordable and the repairs are getting more burdensome. Always make sure to ask the real estate agent why the sellers are moving. If they give a strange or off-putting reason, take note. The last thing you want to do is move into a house the owners sold because of bad neighbors, rising crime or failing schools.

  1. How long has the property been on the market? Why?

Learning how long a property has been on the market will allow you to make a knowledgeable offer. Make sure to ask the agent, but also verify their claim with a listing service. It could have been on the market for a while because a previous buyer’s financing didn’t come through. Or maybe the property just went on the market this month and there are plenty of suitors. The context will provide you with useful information that gives you a better idea of how fast you’ll need to take action and how competitive the offer process might be.

  1. When was the house built? Has it ever gotten any updates?

You want to make sure that you know when the home was built and if there have been any updates or renovations. Check on key features of the home, such as the roof, piping or electrical wiring. If you are purchasing an older home and there have been no recent updates of these features, you should be wary — you might have to make those repairs at significant cost in the near future.

  1. What are the costs of utilities?

Too often, utilities are an afterthought in the home-buying process. But this is a property you are thinking about living in, and that means you’ll need lights, running water, heat, air conditioning and working sewer pipes. Ask the agent if he or she knows a ballpark of what utilities cost. You don’t want to get further into the process just to find out that the utilities on the property will have a significantly adverse effect on your budget.

  1. How eager is the seller to sell the property? Is it an urgent sale or can it happen at any time?

Just as it is important to know why the seller is moving, it is also important to know how eager they are to sell and what their timeline looks like. If the seller needs to offload the house in a hurry, then perhaps they might be willing to consider a lower offer. But if the seller isn’t motivated, then the process might not move very quickly.

  1. What are the neighbors like? Have there ever been any issues?

You aren’t just buying a property. You are also going to be spending the majority of your time in a new neighborhood. Even if you like the property, do you really want to live in a neighborhood you don’t feel comfortable in? Ask the real estate agent about the neighbors and make sure there haven’t been any issues. You’ll also want to check online and look at the local shops and eateries. Visit a few and see if they match your lifestyle and meet your needs.

  1. What/where are the schools? How are they rated?

Schools are a huge issue for home buyers. You can check how the local school district is rated online, but nothing beats asking people in person. How do they feel the local schools are serving the students? Even if kids aren’t in your near future, the quality of your school district will eventually impact your home’s resell value.

  1. What other homes should you check out in the neighborhood? Why?

Real estate agents aren’t just selling one home. There are likely other sellers in the area that they represent as well. If you aren’t totally sold on the home you are visiting during the open house, ask the agent if there are any other homes nearby that you should check out. You’d be surprised how often buyers find helpful information this way.

This article originally appeared on OpenListings.

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top-10-home-buyer-turn-offs

Looking for the perfect home can be a lot like dating to find ‘the one’ to settle down with and build a full life together. And just like dating, buyers looking for the house that is ‘the one’ well they have turn-offs, too.

If you are selling your home, you will want to make sure your home doesn’t have any of these buyer turn offs.

1- Wacky paint colours

Some buyers can overlook strange decor choices and picture the house painted white or in tasteful neutrals, but many can’t. Furthermore, colour can have a strong effect on mood, both positively and negatively. Don’t take the chance.


 
2- Dirt

A house for sale should be as near to spotless as you can make it. Particularly in kitchens and bathrooms, grimy grout, stained counter tops, dishes in the sink and crunchy floors are definite turn-offs. Do at least a light cleaning before every showing and a more thorough clean each weekend before the open house.

 

3- Odd (or oppressive) smells

If you smoke, at least take it outside while the house is up for sale. In fact, any noticeable odours, whether pets, lingering cooking smells or even heavy perfume, can turn away a potential buyer. Use fabric refresher on upholstery and air fresheners or room scents where needed, but use a light hand.


4- Unkempt exterior

Curb appeal makes a very strong impression on a potential buyer, and so does lack of it. Make sure the landscaping is trimmed and the lawn mowed; plant a few annuals or cover your flowerbeds with a neat layer of mulch, staying away from the bright red colour and opting for the natural coloured mulch. If the front porch needs painting, paint it. Also, keep the outside of your home as tidy as the interior: remove kids’ toys from the backyard, and keep the porch steps swept.

5- Too many pets

It’s hard to believe that not everybody loves Fluffy, Fifi, and Rover as much as you do, but they don’t. A dog that comes barking fiercely to the door as soon as you ring the bell, or worse, a whole pack of them, is unnerving. One cat sleeping quietly in a chair might be fine; a noisy (and possibly smelly) menagerie isn’t. Try to find temporary homes for your friends, at least while the house is being shown. And if you have carpets, get them professionally cleaned to get rid of the ‘pet smells’

 

6 Wrong-headed renovations

This is on a slightly different scale than the other points mentioned here, but should be considered at the time of renovation if possible. A toilet off the kitchen; an open-concept reno that creates a vast, empty space; or an oddly configured hallway or room is viewed by a buyer as money they’ll have to spend to put things right. Try to modify your alterations to make them more universal, or better still, avoid wacky renovations in the first place.

7- Dark and dingy interiors

You can’t do much about the building two feet beyond your side windows, but you can do a lot to brighten the inside of your house. White or light walls and woodwork is a classic brightener; if you can afford to add windows, they’re a good investment in a dark house. Adding more lighting, whether by wiring overhead lights or just installing more
lamps, works too. At the very least, keep your windows clean, to let in as much natural light as possible.

8- Horrid basements

Again, this may or may not be under your control, but a dank, dingy basement, especially if the ceiling is very low, can be off-putting. If you have the option, painting the cement floor or installing low-cost carpeting can help cheer it up a little. Also, clear out all the junk, right to the walls, so that buyers can see how much space there is — even if
it’s only for their own junk.

9 -Dirty appliances

Even if the house is generally clean, don’t discount the possibility that people will be looking inside the appliances (they are part of the home). Keep your fridge clear of old take-out containers and aging leftovers, wipe down spills– and use the self-clean mode on your oven.

10- Swimming pool

It’s perhaps unfair to include a pool as a buyer turn-off, since for some people it’s a major attraction. But financially, pools rarely make back the money spent on them and can sometimes even lower a home’s value. Almost certainly, a pool will cut down the number of potential buyers interested in the house. But if you do have one, make it look it’s best !

You know what they say…you only have one chance to make a first impression,

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5-f-words-of-home-staging

 

Home staging is a MUST in any real estate market. If you are having trouble remembering what needs to be done when staging your home? Follow the 5 F’s of Home Staging.

1 – FLOORS

Hardwood flooring is the most popular and therefore the best option for your flooring choice. The floors are beautiful, they add warmth, value and are preferred especially with the increase of allergens in the home – hardwood is much easier to clean. Have as few types of flooring as possible in one home, as multiple materials can make a home look small and choppy.

 

2 – FOCAL POINT

Create a focal point in each room such as a fireplace, a bay window. Make sure the focal point in obvious and highlighted for the buyer to see. this is where staging and furniture placement really work in your favour. As the owner of the home, circulate and take notes of what you feel are the best features/focal points of each room – this can really help your stager, since you bought this home you probably fell in love with some of the features.

 

 

3 – FUNCTION

Make sure the function of each room is clear. If the space is not defined, buyers are left wondering what to do with a certain room. Doubling up functions of a room is not always recommended but in smaller spaces it is often necessary but again be clear, if the room is a sitting room plus an office make the room tidy and organized so the buyers can tell it apart from a catch-all space. For example, in a open concept place an area rug in the living room can help to define the living room apart from the dining room without building walls and blocking the flow

 

4 – FLOW

The house must have good flow in order to attract an offer. You can achieve this through paint (keep each room more or less in the same colour palette). Other tips – allow 3 feet for pathways in and out of a room; chairs and sofas should be no more than 8 feet apart and allow 18 inches between sofa and coffee table. These tips helps create a free flowing space with good energy and a space that feels large but still inviting.

 

 

5 – FURNITURE PLACEMENT

Make sure the furniture highlights the room’s best features and doesn’t obstruct or cramp a room. Look at the room and pay attention to features such as the dining room fixture, it will tell you where to place the table. Create conversation groupings no larger than 10-12 feet square. Create a focal point such as a tall vase by the fireplace or pillows in the window seat. An appointment with a home stager can help you put together a great furniture plan offering flow and presentation to buyers

 

Don’t FLIP OUT – FOCUS on these 5F’s and your home be ignored on the real estate market – stand out from the crowd with home staging!

 

 

 

 

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