Kimberly and John Solio's Blog
Many homebuyers face an interesting dilemma. On one hand, a broad array of houses is available nationwide, making it easy to find a great residence just about anywhere. Conversely, the housing market remains fierce, and a homebuyer who fails to submit the right offer at the right time may miss out on the opportunity to acquire his or her dream residence.
Ultimately, homebuyers must be ready to submit a fair offer on a house at any time. And even though you may be tempted to submit a proposal that exceeds a home seller's asking price to secure your ideal house, you should try to do everything you can to avoid overspending.
Lucky for you, we're here to teach you the ins and outs of making a reasonable offer on a home. Here are three tips to ensure you can avoid spending too much for a house.
1. Know What to Look for in Your Dream House
The definition of a "dream house" may vary from homebuyer to homebuyer. If you consider exactly what you'd like to find in your ideal home, you'll be able to browse the real estate market accordingly.
Although many great houses are readily available, it is important to keep in mind that no residence is perfect. As such, you should establish lists of must-haves and wants for your dream home and set realistic expectations. This will allow you to compare and contrast homes against your lists, find a residence that meets your expectations and remain calm, cool and collected as you prepare to submit an offer on a home.
2. Get a Mortgage in Advance
Homebuyers can get pre-approved for a mortgage and create a budget before they embark on a search for their dream home.
Getting pre-approved for a mortgage will require you to meet with banks and credit unions and assess all of the mortgage options at your disposal. In addition, lenders may be able to offer a variety of financing options based on your credit score, annual income and other economic factors.
With a mortgage in hand, you can explore the real estate market and find homes that fall within your price range. Therefore, if you get pre-approved for a mortgage, you may be better equipped to accelerate the homebuying process and avoid overspending on a house.
3. Choose the Right Real Estate Agent
Your real estate agent may make or break your home search. And with the right real estate agent at your side, you should have no trouble finding your dream home in any real estate market.
Your real estate agent is happy to provide tips to ensure you can submit a fair offer on any residence. That way, you can avoid the risk of overspending and improve your chances of acquiring your dream home at a reasonable price.
Hire a real estate agent who possesses comprehensive expertise and great people skills. By doing so, you can work with a real estate professional who can help you acquire your ideal home in no time at all.
If there’s one room in the house most people long to be high end, it’s the bathroom. A room of relaxation and rest. The one place everyone can find time to themselves within, even if it’s two minutes. The bathroom is our sanctuary. And you don’t need to break the bank to create a luxe environment.
Frame a flat bathroom mirror with molding for a classic and one-of-a-kind look. Detailed millwork is synonymous with an upscale home because more time and effort has been put into the fine details. Pick a style of molding that matches your unique preferences and a wood stain or paint color to match the rest of your decor.
A new shower head isn’t immediately visible so it’s not a style upgrade. However, it’s an upscale lifestyle upgrade to be certain. A rain shower head provides a steady, even flow of water while covering more surface space.
Update the light fixture(s) in your bathroom to change the aesthetics and light quality. There are many sleek, minimalist vanity light fixtures on the market if you are looking to keep up with trends. For a dramatic change look for sconce shapes that differ from those already installed. If you have bell-shaped sconces look for a square or rectangular option. If you have bulbs try ovaluar or sleek coned shape sconce.
Install matching metal finishings from the faucet to drawer pulls. Sometimes as we update our homes feature by feature mismatched hardware happens. Take the opportunity to create a cohesive harmony throughout the room by matching knobs, faucets and light fixture finishes. Knobs being the most budget friendly and easiest to swap, try to match these to your existing hardware and not the other way around.
A new coat of paint can make the world of difference in any room. Bathrooms seem to seldom get the same playful attention to color as other rooms do. And a color from years past can dramatically date a room despite more classic pieces within it. Don’t be afraid to make a bold statement with a pop of color. Or cover up tired blue walls with a neutral shade for a high-end look.
Invest in a towel warmer for a luxe after-bathing experience. With many styles to choose from you’ll be sure to find one in a style that fits your current decor without a problem. Towel warmers come as drawers or as a rack. Racks either install on the wall or come as a stand-alone piece. All three options can utilize an outlet without having to be installed as a part of your electrical work like a light fixture would.
One surprising way to upgrade your bathroom is with plants. Look for varieties that thrive off of humidity to create a lush, paradise. Plants have a soothing effect and will have your bathroom feeling like a true oasis. If you don’t have a natural green thumb consult an expert at your local gardening center to find those that will do best in the lighting and air conditions of your bathroom.
The homebuying journey is exciting, particularly for an individual who is pursuing a residence for the first time. Ultimately, there are many questions that a buyer should consider before he or she searches for a house for the first time, and these include:
1. What is my "dream" home?
Perhaps the most enjoyable part of the homebuying journey involves defining your dream residence. Because once you define your dream residence, you'll be able to narrow your house search and move closer to purchasing your first home.
Think about what you absolutely require in a new home. For example, if you want to own a house in a region where the weather is hot and humid year-round, you may require a central air conditioning system. Or, if you want to enjoy a fast, easy commute to work, you may want to pursue residences close to your office.
2. How much can I afford to spend on a house?
Getting pre-approved for a mortgage is essential. Because if you have a mortgage in hand when you begin your house search, you may be able to gain a competitive advantage over rival homebuyers.
To obtain a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you everything you need to know about fixed- and adjustable-rate mortgages.
In addition, don't hesitate to get expert insights into assorted mortgage options. The longer you wait to get pre-approved for a mortgage, the longer you may need to wait to kick off your home search. Thus, you risk missing out on a potential dream house if you fail to get your home financing in order.
3. Do I need to hire a real estate agent?
Hiring a real estate agent is a must, especially if you plan to embark on the homebuying journey for the first time. In fact, a real estate agent can help you quickly and effortlessly navigate the housing market and discover your ideal residence in no time at all.
Typically, a real estate agent will offer comprehensive assistance at each stage of the homebuying journey. He or she first will meet with you, learn about your homebuying goals and help you craft a homebuying strategy. A real estate agent then will keep you up to date about houses that match your criteria and set up home showings. And when you find a home that you want to buy, a real estate agent will help you submit a competitive offer and negotiate with a seller's agent on your behalf.
Let's not forget about the advice that a real estate agent will provide, either. A real estate agent is unafraid to be honest with you and will provide feedback throughout the homebuying journey. Also, if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them.
Take the guesswork out of finding and acquiring your first house – employ a real estate agent, and you can receive plenty of support as you move along the homebuying journey.
An open house can have a significant impact on the property selling journey. As such, it is important for a property seller to allocate time and resources to prepare for an open house. If a seller plans for an open house, he or she may be able to boost the likelihood of a fast, profitable property selling experience.
Now, let's take a look at three things that every seller needs to know about open houses.
1. There is no shortage of open houses held on weekends in cities and towns nationwide.
Many open house events are held throughout the year in cities and towns across the country. These events commonly take place on weekends and enable sellers to showcase their residences to dozens of prospective buyers at the same time.
Ultimately, it is important to find ways to differentiate a home from the competition. If a seller can promote his or her residence to the right groups of potential buyers, this individual may be able to convince buyers to attend one open house over another.
2. An open house gives a seller a great opportunity to make a positive first impression on buyers.
As a seller, it is paramount to embrace the opportunity to connect with buyers. An open house allows a seller to do just that, as it ensures this individual can provide buyers with a stress-free opportunity to view his or her residence.
When it comes to getting ready for an open house, it generally is a good idea to clean both inside and out. Also, a seller should perform home repairs and remove home clutter. Because with a neat, tidy residence, a seller can make it easy for buyers to envision what life may be like if they decide to purchase a particular residence.
3. Every open house provides a seller with a valuable learning experience.
Regardless of how much a seller prepares for an open house, there is no telling how this event will turn out. However, a seller who sets realistic expectations for an open house can plan accordingly.
In the worst-case scenario, no buyers will attend an open house. If this happens, there is no need to worry. In fact, a seller can learn from the experience and use it to find new ways to promote his or her residence to prospective buyers going forward.
For those who need help selling a home, it may be beneficial to hire a real estate agent. In addition to helping you get your residence ready for an open house, a real estate agent will offer tips and guidance so you can achieve the optimal property selling results. Perhaps best of all, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them at any time.
Streamline the home selling process – hire a real estate agent today, and you can receive comprehensive assistance as you navigate each stage of the property selling journey.
If you intend to sell your home, it often pays to hire an expert home appraiser. With this professional at your disposal, you can learn about the true value of your house relative to the competition and map out your home selling journey accordingly.
Ultimately, there are many reasons to work with a home appraiser, and these include:
1. You can gain insights into the housing market.
During a home appraisal, a property appraiser will inspect your residence from top to bottom. Then, this appraiser will offer a report that includes a valuation of your home.
A home appraisal report includes insights beyond the condition and age of your house. In fact, a home appraiser will look at the prices of similar houses in your area and evaluate your home in relation to comparable residences. By doing so, a home appraiser can provide a report that may help you prep to enter a buyer's or seller's market.
2. You can identify potential home problems.
Let's face it – no homebuyer wants to purchase a house with cracked siding or a leaky roof. Fortunately, a home appraisal can help you identify and resolve any potential problems early in the home selling process.
Typically, a home appraiser will look at a house's roof, its heating and cooling system and other interior and exterior features. If the appraiser discovers any home problems, these issues will be defined in an appraisal report.
Use a home appraisal report to understand assorted home problems – you'll be glad you did. Thanks to this report, you can take the necessary steps to mitigate various home issues.
3. You can establish a "competitive" price for your house.
As a home seller, your goal is to maximize the value of your residence. A home appraisal can help you do just that, as this assessment enables a home seller to define a "competitive" home price, regardless of the current real estate market's conditions.
When it comes to selling a house, performing a housing market analysis may prove to be insufficient. However, after a home appraisal, a home seller can better understand how a residence ranks against the competition and price it appropriately.
Establishing a competitive price from day one is essential for a home seller. And with a home appraisal, a home seller can set a fair price for a residence, increasing the likelihood of a fast home sale.
Before you list your residence, you should consider the aforementioned reasons to work with a home appraiser. If you employ a home appraiser today, you can boost your chances of accelerating the home selling cycle and maximizing the value of your house.
Lastly, if you need help finding a home appraiser, you should consult with a real estate agent. This housing market professional can offer unbiased home appraiser recommendations and put you in touch with the best home appraisers in your area. Perhaps best of all, a real estate agent is happy to provide expert advice throughout the home selling journey to ensure that you can get the best possible results.