Sanders Properties Inc's Blog
Ready to purchase a high-quality residence for the first time? Ultimately, a first-time homebuyer will want to do everything possible to learn about the real estate market. By doing so, this property buyer can improve his or her chances of submitting a strong offer on a dream house, thereby increasing the likelihood of a quick, easy home sale.
Submitting a strong initial offer on a home can be simple – here are three tips to help a first-time homebuyer do just that.
1. Study the Current Housing Market Closely
A first-time homebuyer should allocate the necessary time and resources to learn about both buyer's and seller's markets. That way, a homebuyer can identify an opportunity to secure a terrific residence in any housing market and submit a competitive offer right away.
To analyze the real estate market, spend some time looking at the prices of homes that were recently sold in your city or town. This housing market data may help you differentiate between a buyer's and seller's market and map out your homebuying journey accordingly.
Furthermore, don't forget to check out the prices of houses that are currently available. With this housing market data in hand, you can better understand what it means to submit a strong offer that matches or exceeds a home seller's initial asking price.
2. Get a Mortgage in Advance
A first-time homebuyer definitely should get pre-approved for a mortgage. This will enable a homebuyer to enter the housing market with a budget that he or she can use to narrow a home search.
To obtain a mortgage, a homebuyer only needs to meet with banks and credit unions in his or her area. Each lender meeting is exceedingly valuable, as it enables a homebuyer to learn about assorted mortgage options and receive answers to any mortgage questions.
In addition, those who are pre-approved for a mortgage will know exactly how much money they can spend on a house. And as a result, these homebuyers can submit a competitive offer on a residence from the get-go, improving their chances of securing a first-rate residence in no time at all.
3. Collaborate with a Real Estate Agent
A real estate agent is a must-hire for a first-time homebuyer, and perhaps it is easy to understand why.
Thanks to a real estate agent, a first-time homebuyer can differentiate between a strong offer and a "lowball" one. In fact, a real estate agent will go above and beyond the call of duty to ensure a homebuyer can get the best price on a house, regardless of whether this property buyer is operating in a buyer's or seller's market.
Perhaps best of all, a real estate agent is happy to offer honest, unbiased homebuying recommendations. He or she can provide expert insights to help a homebuyer determine exactly how much to offer to acquire his or her dream residence.
When it comes to buying a house for the first time, there's no need to leave anything to chance. Instead, use these tips, and a first-time homebuyer can submit a strong offer and move one step closer to purchasing a home that matches or exceeds his or her expectations.
Once you have bought a new house, you may feel lost as to where to start. There’s a long checklist of things that you should do to get yourself established in a new space. Here, you'll find a plan on what to do next.
Get Recommendations On Local People You Can Work With
Your realtor is a good place to start in asking who they recommend for many types of workers including plumbers, electricians, contractors, and more. You may even want to talk to your next door neighbors and see who they have used in the past for these types of handy work jobs. Even if you don’t need any kind of work done immediately, it’s a good idea to have some names and numbers on hand for future reference.
Don’t Paint Right Away
Although it seems much more practical to paint an empty house, once you live in your new home for awhile, you’ll get a sense of where the light hits and what colors will complement your furniture. When you pick colors in a rush, you run the risk of choosing shades that you may not love in the long term. Focus on properly lighting your rooms before you even start to paint.
Don’t Forget The Housewarming Party!
If you plan a housewarming party for a date that’s not too far after you move in, it will give you motivation to get things done in the house. The housewarming party is your accountability partner to get you to unpack those boxes and get decorating. Try to plan the party somewhere between one and two months after your planned move-in date. This will give you time to get things done, just not too much time!
Meet The Neighbors
You should take some time very soon after you move in to meet your new neighbors. They can be a great resource for you as to what happens in your new neighborhood. Find out if any of your new neighbors have dogs that your own dog could meet for a friendly walk. Your new friends will even give you information about a neighborhood watch or important community activities as well.
You’ll want to check all of your smoke alarms, carbon monoxide detectors, and alarm systems. Be sure that they work. Then, change the batteries in each system to start fresh. You should also equip your house with a fire extinguisher or two. You can never be too prepared for an emergency.
Next, you should check all of the door and window locks. Replace anything that used a key. You never know who had keys to the home before it was sold.
When you start small in a new home, things will begin to come together slowly but surely just like puzzle pieces.