Home Buying Advice

Buyers Should Pay Attention to These Details at an Open House

As a home buyer, looking at photos can only take you so far; after all, those photos have been carefully chosen by the seller to try to make their house look as nice as possible.

Don't Say These Things in an Offer Letter

If you're trying to get a home seller to accept your offer, a personal letter can be one of the simplest and most powerful tools at your disposal.

How to Win a Bidding War

You've just found the home of your dreams, but unfortunately there are some other buyers who feel the same way! In a seller's market, competition among buyers for the relatively small number of available homes means that bidding wars can become the norm rather than the exception. When you find yourself locked in this financial battle, what should you do? Keep reading to get a game plan together and win this war!

Save Money by Shopping for the Best Mortgage Rate

When shopping for a particular item, everyone is always on the lookout for the best deal, especially if it's an expensive purchase. This rule holds true for things like shoes, appliances, and cars, but many home buyers fail to shop around when it comes to the most expensive item of all: a mortgage. Freddie Mac recently analyzed just how much money buyers are losing out on over the course of their loan by failing to get multiple quotes, and the number wasn't cheap! In fact, they found that getting just one extra quote saves the average borrower over $1,400!

 

Don't Disregard a House Based on Cosmetic Faults

Are you searching for a new place to call home? It might sound obvious, but in considering listings you should always remember to focus on things that you can't change (at least not easily), such as the location, price, size, and serious repairs. While items like these correctly fall into the category of "potential deal breakers", it's also unfortunately common for buyers to get hung up on easily-fixable, cosmetic issues. You might think you're immune to this, but things like unpleasant colors or outdated fixtures can be hard to ignore since they are integral to your subconscious impression of the house. Luckily, as a reader of this blog, you know better than to dive into real estate unprepared! Here are some of the minor issues that are most difficult for buyers to overlook, along with a reality check about their actual importance.

Buyers Should Have an Easier Time in 2019

For the last several years, prospective home buyers in most areas of the country have had to face conditions that aren't exactly ideal. Rapid price growth, low housing inventory, and fierce competition among buyers have resulted in conditions that can only be described as a strong seller's market. However, if you have been holding out on buying a home, then there is some evidence that the winds could be shifting in your favor. Keep reading to learn why 2019 might offer some relief for home buyers.