Monday, July 31, 2017
7 Things to Never, Ever Do When Buying a Home
A lot of real estate buyers do not realize that today's home market is sellers market in most neighborhoods. There are a lot of neighborhoods that sale quickly. With that is mind this article comes from http://www.realtor.com/ by Daniel Bortz about the don't do's in today's home buying. I wanted to go over a few of the items and what I am seeing with my clients.
"1. Don't shop for homes without an agent
By all means, start out by looking online at pictures of pretty houses—the more the better. It's a vastly useful way to get the lay of the land. But when it comes time to get serious about buying a house, you should find a professional to help you out."
The internet real estate websites are abundant and are not always up to date, Zillow is really an issue on updating when homes are undercontact. There are a lot of other information that local Realtors can give their clients that you cannot get without Realtors. For example do you or do you not need to inspect your home when buying it? Will a home have a good shot at creating equity in the future? What are the pricing trends in a neighborhood? These are questions a Realtor can answer.
Real Estate Agents are licensed and schooled in all those questions and know where to get answers. Make sure that your agent helps you with any questions you might have on real estate. No matter how many home tv shows you watch, you can't get information on a home like a Realtor can.
" 5. Don't make ridiculously lowball offers
You obviously want to get a bargain, but you could lose out on a home that you love by making an absurdly low offer. In fact, a recent survey from Inman found that 15% of real estate agents say the third-largest mistake people make when buying a home is offering too little for a property (that’s behind not talking to a lender first and waiting too long to make an offer)"
This is the biggest mistake of most buyers, they still think it is a buyers market. The way to know whether it is or not, look at days on market in the neighborhood you are interested in. How long are homes on the market in the neighborhood you are looking in? If those days are under 30-60 days you have a very hot market. Those are areas that a lot of people want to live in, think about future value in those areas?
If there is not lot listings in a neighborhood that is also a good sign. If people like the neighborhood they do not want to move. I am showing a client a home for the second time tonight that has a very few homes for sale in. There are actually no listings except for the one we are looking at. That is a neighborhood families stay in and like.
Basically today's market is strong and has a low inventory of homes for sale. If you are looking to sell your home it is a great time. If you are looking to buy it is also great time to buy, simply because you will know the best neighborhoods to buy in. Take full advantage of this real estate market.
Want to buy or sell a home? That is what I do, and I have been doing it for almost 33 years. We also have many other Real Estate services that you can tap into. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul.
Sunday, July 30, 2017
Sunday Brunch: Corky and Lennys Beachwood Ohio
Saturday, July 29, 2017
I personally have 11 rental properties and enjoy the monthly income. My most pricy rental property has been rented to the same tenants for 9 years. The monthly rent is $1400 per month. They direct deposit in my account every month and they never have missed one payment. I enjoy the monthly income.
Ultimate Real Estate News : Videos And Information On Buying And Selling Real Estate Helped Me Succeed
Videos And Information On Buying And Selling Real Estate Helped Me Succeed
We closed a lovely home for a relocation client in Chagrin Falls Ohio. The home is located in lovely Lake community with a very large lot. The home is over 3300 SQ feet with a huge master suite that I really like. It is situated on a elevated lot that is complete with it's own water well and is very private and secluded. This client did not like the kitchen in this home and is getting a new one before they move in. Our real estate services have contractors that can quote a job before we close the home. They loved the quote and got to pick out some lovely cabinets at the showroom. They also will be meeting with the granite company to choose what color they want for their counter top. All new tile in the kitchen that will be carefully laid to perfection. The kitchen will also have a back splash the round out the finishes.
Have a new buyer this week that is looking at some new places to call home. The client impresses me with his knowledge of real estate at such a young age. He already has rental properties that cash flow very well and decided that they will be paying cash on their very nice $200,000+ home. They will also be doing their own rehabbing. My clients decided to use some of our construction suppliers to purchase from and save a ton of money. As part of our services we have relationships with vendors that save our clients a ton of money.
Next week we have 2 more homes closing, that will be finalized. I need to find a great lawn service for one of my clients so that they their lawn needs taken care of. Very nice client that is looking forward to purchasing an awesome home in North Olmsted Ohio. She is out of town so I met their carpet guy at the home a few weeks ago so he could measure it. The new carpet will be installed the day after closing.
We also have a first time home buyer that is buying one of our listing in Broadview Heights Ohio. She is getting a freshly rehabbed home, that fits her and the families needs. This is a very exciting event for them and I am excited to get them into a great neighborhood that they can raise their family in. The new kitchen in that home is awesome!
Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul
Enjoy the Videos
Friday, July 28, 2017
Real Estate News Magazine Guide To Communicating Value
3 Steps to Buying and Holding Real Estate with income
Real Estate News Magazine Guide To Communicating Value
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