Finances and the First Time Homebuyer

Buying a home is obviously one of the most expensive purchases you will ever make and it is important for you to be aware of what you are getting yourself into. Knowing how much you have to spend and working the market carefully will benefit you in the long run. Getting in over your head is no place to be especially in the times of the pandemic and beyond. Inventory is slowly rebounding so while the market is hot you need to know when to walk away from a deal if the bidding gets too high or the terms are no longer to your liking. Here are some things first time homebuyers should keep in mind before they step into the real estate market.

Do You Have a Place To Call Your Own In Your Home?

Space is at a premium these days with how our living situations are changing during the current pandemic. The more we have to stay home the more it feels like we are living on top of each other sometimes. This has many people deciding that they need to change the situation they are in and making moves from the city to the suburbs. The Hudson Valley offers the best of both worlds by supplying the small town feel with great access to the city. If making a move is not in cards for you then here are a few pointers that you can use to make the space you have the best it can be.

What Your Home Insurance May or May Not Cover

Purchasing a home will most likely be the biggest investment that you will ever make. Because of that mortgage lenders are going to most likely require that you protect that investment with home insurance. Being protected from life's natural disasters such as fire and floods as well as incidents of theft will benefit you in the long run.

Overlooked Issues That May Be A Dealbreaker For Prospective Buyers

Beyond hiring a professional stager for your home there are a few things that may turn off people when they view your home both in pictures and at the open house. Sometimes there are certain things that may “turn-off” a buyer without you even realizing it. This may be a thing that you have lived with for a long time and you may have just not realized what message it may send.

How To Sell Your Home Before Your Open House

Even in these strange Covid-19 times an Open House may be the best exposure that your home can get to the general public. A lot of people still feel strange about virtually viewing a property that has come on the market. Even if your Open House is only scheduled to happen the amount of attention that you may garner from the announcement that your home is available may be the thing you need to get a quick offer.

Fall Home Buying Might Be More Active Than Usual

In a normal year the ferocious home buying season would be coming to a close with people settling into their routines and perhaps doing it all with a pumpkin spice latte in their hand. The Covid Pandemic has really thrown a wrench into anything deemed “normal” and that is true with the real estate market. Anything from interest rates to type of homes people are looking for has been influenced by the current situation. In turn this could mean that an interesting fall buying and selling season is upon us.