Todd Cogar's Blog
A home inspection is one of the final stages of the property buying journey. If an inspection goes according to plan, a buyer may be able to seamlessly close on his or her dream residence. On the other hand, if problems are discovered during a house inspection, these issues may slow down or stop a home sale.
For property buyers, it helps to plan ahead for a home inspection as much as possible. Thankfully, we're here to help you do just that.
Now, let's take a look at three things that every buyer needs to know about home inspections.
1. A home inspection typically is performed after a seller accepts a buyer's offer to purchase.
With a home inspection, a buyer can review a house with a property expert and identify any underlying problems. If a buyer finds problems during an inspection, this individual can rescind his or her offer to purchase, modify the offer or move forward with a home purchase.
It typically helps to hire a highly qualified and experienced home inspector. By having a skilled home inspector at your side, you can gain the insights you need to determine whether a house is right for you.
2. A buyer is not required to go to a home inspection, but it generally is a good idea to attend.
Usually, a buyer, his or her real estate agent and a home inspector will walk through a house together during an inspection. It also is important to note that a buyer is not required to go to an inspection, but in most cases, it is a good idea for a buyer to attend.
A buyer who attends a home inspection may be able to receive home insights that he or she won't necessarily find in a house inspection report. As such, this buyer can obtain the house insights that he or she needs to make an informed homebuying decision.
3. A home inspection may require several hours to complete.
There is no time limit for a house inspection, but an average home inspection takes several hours to complete. After the inspection is finished, a property inspector will prepare a report that details his or her findings and provide it to a buyer within a few days. Then, a buyer will need to review the report and determine how to proceed.
As a buyer gets ready to enter the housing market, and eventually, perform a home inspection, it helps to hire a friendly, knowledgeable real estate agent. This housing market professional can help a buyer find the right home, submit a competitive offer to purchase and conduct an in-depth home inspection. And after a buyer completes a successful home inspection, a real estate agent will help this individual navigate the final stages of the property buying journey.
Simplify the homebuying process – employ a real estate agent, and you can get the help you need to locate and purchase your ideal residence.
If you find lots of great homes are available and cannot decide which residence to buy, there is no need to stress. Rather than submit multiple offers to purchase various houses, you should hone your home search. By doing so, you can discover the right residence, at the right price.
Now, let's take a look at three tips to help you narrow your home search.
1. Define Your Dream Home
Think about the features you want in your dream home. Then, you can make a list of "must-have" home features and search for residences that offer these features.
Furthermore, consider where you want to reside. If you prefer big city living, for example, you may want to focus exclusively on city houses. On the other hand, if you want to reside in a small town, you can search for residences in myriad small towns.
2. Conduct a Preliminary Housing Market Review
Let's face it – searching for a home can be overwhelming, regardless of whether you are a first-time or experienced homebuyer. But if you perform a preliminary housing market review, you can get a good idea about the volume and quality of available residences. Next, you can use this real estate market information to map out your homebuying journey.
Of course, it may be beneficial to attend open house events as well. These events enable you to get an up-close look at assorted residences. They also can help you understand the features you want in your dream house so you can further refine your home search.
3. Consult with a Real Estate Agent
When it comes to navigating the housing market, it helps to have a real estate expert at your side. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help you acquire a superb residence at an affordable price.
A real estate agent understands what it takes to help you find a quality home that won't force you to break your budget. First, he or she will learn about your homebuying goals and teach you about the real estate market. A real estate agent next will help you analyze the real estate market and explore a broad range of houses. And once you find a house you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.
Let's not forget about the guidance a real estate agent provides throughout the homebuying journey, either. Purchasing a house is no small feat, and a real estate agent will take the guesswork out of the homebuying cycle. Best of all, a real estate agent can respond to your homebuying concerns and questions at any time.
If you want to discover a home that matches your expectations, it helps to plan ahead for the property buying journey. By taking advantage of the aforementioned tips, you can streamline your house search and find your ideal home faster than ever before.
Creating an offer to purchase a home may require several minutes, hours or days – it all depends on the buyer. Fortunately, there are many things you can do to accelerate the process of putting together a homebuying proposal that will get a seller's attention. These include:
1. Study the Housing Market Closely
When it comes to preparing an offer to purchase a house, there is no need to leave anything to chance. If you analyze the real estate market closely, you can gain the housing sector insights you need to craft a competitive homebuying proposal.
Take a look at the prices of recently sold houses in your area, along with how long these residences were available before they sold. With this information in hand, you can determine whether the current housing market favors buyers or sellers and craft your offer to purchase accordingly.
Analyze a house's age and condition as well. By doing so, you can account for the state of a house as you put together an offer to purchase.
2. Maintain Flexibility
Although you may be in a hurry to acquire your dream residence, a seller may need time to find a new place to live. As such, you should maintain flexibility as you craft your offer to purchase and be ready to accommodate a seller's requests.
Ultimately, it is important for a home sale agreement to meet the needs of both a buyer and seller. If you consider the seller's perspective as you create an offer to purchase, you may be better equipped than ever before to craft a homebuying proposal that works well for both you and a seller.
3. Collaborate with a Real Estate Agent
Let's face it – creating an offer to purchase a house can be challenging, particularly for a buyer who is putting together a homebuying proposal for the first time. Lucky for you, real estate agents are available nationwide who can help you craft a competitive offer to purchase in no time at all.
A real estate agent is happy to provide you with homebuying insights you may struggle to obtain elsewhere. He or she can offer recommendations and suggestions as you prepare a homebuying proposal. Plus, a real estate agent can help you submit an offer to purchase and negotiate with a seller's agent on your behalf.
Let's not forget about the support a real estate agent provides after you submit an offer to purchase, either. If your homebuying proposal is approved, a real estate agent will help you finalize your house purchase. Or, if your offer to purchase is rejected, a real estate agent will help you reenter the housing market so you can discover your dream house. In the event a seller counters your offer to purchase, a real estate agent can help you determine the best course of action, too.
Ready to submit an offer to purchase your ideal residence? Use the aforementioned tips, and you should have no trouble submitting a competitive homebuying proposal and acquiring your dream house.
Believe it or not, fall may prove to be an ideal time to add your home to the real estate market. In fact, there are many great reasons to sell your home in autumn, including:
1. You may be able to capitalize on a seller's market.
The housing market frequently slows down as the summer reaches its conclusion. Meanwhile, for home sellers who list their residences in fall, there may be a shortage of quality houses available to homebuyers. This means that your home may stand out in a seller's market, and ultimately, you may be better equipped to optimize the value of your home.
Although fall may represent a seller's market, it is important to note that you'll still want to do whatever you can to help your property stand out from others. For example, mowing the front lawn, removing leaves from your driveway and walkways and performing other home exterior maintenance is essential to boost your home's curb appeal.
In addition, you should be willing to listen to any homebuyer's offer on your home in autumn. Remember, homebuyers may be looking for a deal and submit offers that fall below your initial expectations. But if you don't feel comfortable with an offer, you can always counter a homebuyer's proposal, which could lead to an agreement that works well for all parties.
2. Many homebuyers may be looking to take advantage of tax breaks.
Homeowners can take advantage of various tax deductions, including tax breaks related to mortgage loan interest and property taxes. Thus, homebuyers may search for properties in fall so that they can capitalize on these tax breaks before the year ends.
If you take care of your residence and explore ways to revamp your property's interior and exterior, you should have no trouble generating plenty of interest in your property in fall. Furthermore, home sellers who spend time preparing their houses in summer can add their residences to the real estate market in fall and may be able to reap the benefits of a quick home sale.
3. You're sure to find many experienced real estate agents to help you sell your home.
Real estate agents are happy to assist you in any way possible in fall. These real estate professionals will be able to offer insights into the autumn housing market that you may struggle to obtain elsewhere.
Your real estate agent can serve as a guide throughout the home selling process, helping you overcome any potential roadblocks along the way. If you ever have concerns or questions about selling your residence in fall, your real estate agent will be available to respond to your queries. Plus, your real estate agent will set up home showings, keep you up to date about offers on your residence and do everything he or she can to help you get the best price for your property.
Work with a real estate agent to sell your home in fall. By doing so, you can take the guesswork out of selling your residence.