Posted by JoAnn M. Drabble on 6/12/2018

Home showing preparation is key for any homebuyer. In fact, if you know how to get ready for a home showing, you may be better equipped than other buyers to assess a house and determine whether to move forward with an offer to purchase.

Ultimately, there are many ways that a homebuyer can prepare to attend a home showing, and these include:

1. Create a List of Questions

A home listing provides plenty of information, but it also may leave many unanswered questions about a house. Fortunately, if you craft a list of questions about a home prior to a showing, you can gain comprehensive home insights during this showing.

There is no such thing as a "bad" question to ask about a house during a showing. Remember, a home purchase is one of the biggest transactions that you may complete in your lifetime. And if you prepare a list of questions before a showing, you can take an informed approach to this showing and gain the insights you need to determine whether a house is right for you.

2. Perform Plenty of Housing Market Research

The housing market constantly fluctuates, and a real estate sector that favors homebuyers one day may favor home sellers the next. Thus, it generally is a good idea to study the housing sector closely to determine whether you're operating in a buyer's or seller's market.

In a buyer's market, there is no shortage of high-quality residences available. And if you attend a home showing in a buyer's market, you may be able to take your time to decide how to proceed with a residence.

Comparatively, in a seller's market, there is an abundance of homebuyers and a limited number of top-notch residences. This means you likely will need to act quickly if you want to acquire a deluxe residence following a showing in a seller's market.

3. Collaborate with a Real Estate Agent

The housing market can be complex for both experienced and first-time homebuyers. Luckily, real estate agents are available who can offer expert guidance at a home showing and ensure you can achieve the best results during your home search.

A real estate agent understands what it takes to acquire a home in any housing market. As such, he or she will help you plan ahead for a home showing and guarantee you can obtain in-depth home insights during this event.

Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. A real estate agent can help you find houses in your preferred cities and towns and submit offers on residences. Plus, a real estate agent is happy to respond to any of your homebuying concerns and questions.

Take the guesswork out of attending a home showing – consult with a real estate agent today, and you can get the support you need to discover your dream house in no time at all.




Tags: Buying a home   showing  
Categories: Buying a Home   showing  


Posted by JoAnn M. Drabble on 5/1/2018

If you plan to buy a home in the near future, there is no harm in attending an open house. However, for those who want to get the most out of an open house, it helps to plan ahead as much as possible.

Now, let's take a look at three tips to help you get ready to attend an open house.

1. Review the Home Listing

Although you may have already reviewed a home listing, it may be a good idea to take a second look at it. That way, you can double-check to ensure that a residence matches your expectations prior to attending an open house.

As you review a home listing, think about your short- and long-term plans too. If you believe a home corresponds with these plans, now may be the right time to check out this residence in-person.

2. Examine Your Homebuying Budget

When it comes to preparing to attend an open house, it may be beneficial to assess your homebuying budget. By doing so, you can ensure a residence falls within your price range.

Oftentimes, it helps to get pre-approved for a mortgage before you launch a home search. If you have a mortgage at your disposal, you'll know exactly how much you can spend on a home. And as a result, you can set up home showings and attend open houses for residences that match your budget.

3. Prepare a List of Questions

An open house provides an opportunity to walk around a residence and decide whether it is right for you. It also enables you to receive comprehensive insights into a home. Thus, you should put together a list of questions to ask during an open house.

Remember, there is no such thing as a "bad" question, especially if you're on the fence about buying a particular home. And if you enter an open house with a list of questions in hand, you'll be better equipped than ever before to determine whether to submit an offer to purchase.

Lastly, as you prepare to pursue your dream home, you may want to hire a real estate agent as well. Because if you have a real estate agent at your side, you can obtain expert guidance throughout the property buying journey.

A real estate agent can help you prepare for any open house, at any time. He or she first will meet with you, discuss your homebuying options and help you map out a homebuying strategy. Next, a real estate agent will set up home showings and keep you informed about open house events for residences in your preferred cities and towns. And if you discover your dream home, a real estate agent will help you craft a competitive offer to purchase.

For those who want to take the guesswork out of buying a home, it helps to work with a real estate agent. Contact a local real estate agent today, and you can receive plenty of assistance as you search for your ideal residence.




Categories: Buying a Home   Open House  


Posted by JoAnn M. Drabble on 4/24/2018

When you find a home that you love, you probably already have been pre-approved by a bank for a certain amount that will enable you to buy a home. Once you put in an offer on the home and it’s accepted, however, you may need to take a step back. The appraisal can help you to know what the value of the home actually is. The bank may decline your loan based on the appraisal This is one of the most important steps to obtaining the financing that you need to purchase a home. 


What Is An Appraisal? 


In a nutshell, an appraisal protects the bank from investing in a property that’s worth less than what they’re paying for it. This process also protects you as a buyer from buying a property that’s worth less than what you’re expecting it to be worth. 


Although the appraisal makes sense financially, it doesn’t mean that the process won’t be emotional for you as a buyer and for the sellers as well. The appraisal can in fact make or break the purchase of what you consider as your dream home. There’s a lot of data that’s collected for the appraisal, which can cause nerves to be shot on both sides while the value of the home is being calculated.     


What’s The Difference Between The Inspection And The Appraisal?


A home appraisal is much different than an inspection. The home inspection is important in its own right. As a buyer, you hire a home inspector to find any potential problems or hazards that could be big issues for you in the future as a homeowner. While property appraisers will make note of glaring issues, they won’t check out the nuts and bolts of the home like a home inspector will. The home inspector checks out everything from the air quality to the chimney to the toilet and sinks. There’s many things that will affect your home appraisal. In other words, if you’re a seller, you want to get major issues fixed before you put your home on the market. Home inspections will be very important for different reasons to you as a buyer since it will be valuable to you in the future. Appraisers may request an inspection if they notice something serious within the home, but they are more interested in the value of the property than the direct problems that are within the home. 


Who Will Pay For The Appraisal?


Generally, the seller will pay for the home appraisal along with the closing costs. This can be a few hundred dollars. In certain circumstances the buyer may agree to pay for the appraisal, however.   


What Goes Into Calculating The Worth Of A House?


Appraisers look at many different factors including: 

  • The square footage of the property
  • The number of bedrooms
  • How many bathrooms the home has
  • The condition of the home
  • How much have comparable properties have sold for in the area
  • Safety issues
  • Other factors pertaining to health and safety            


The appraisal process can seem complicated, but once you’re educated on the matter, you’ll be prepared when it gets to that point in the home buying process.





Posted by JoAnn M. Drabble on 3/20/2018

If you’re searching for a home and are looking for a deal, you may turn to homes that are listed as “For Sale By Owner.” These homes tend to be a great deal for the sellers, but not necessarily the buyer. This makes it all the more important that you hire a buyer’s agent for yourself. Your agent can check a bit of the work that the owner is doing without hiring a real estate agent for himself. When buying a for sale by owner property you’ll want to do all of the same things that you would do if you were buying a property that was for sale through a realtor including:


  • Check the asking price through comps
  • Get a property inspection
  • Make an offer and complete contract negotiations
  •  Check how long the home has been on the market


Just because a home is for sale by an owner, there’s no need to give up on the normal procedures that one goes through in buying a home. You have the right to have a buyer’s agent represent you in the transaction. Beware though as some for sale by owners are not willing to pay commission to any agents including buyers‘ agents. Be sure that the contracts are clear in this area so that you don’t fall in love with a home only to find out that you can’t use your agent in the transaction.


Other Points To Consider In A For Sale By Owner Transaction


You may need to hire an attorney, especially for an estate sale or short sale. 


You still need a home inspection and have the right to back out of the sale if something isn’t satisfactory about the home. The home inspection is important because it can reveal serious problems with a home such as high levels of radon, issues with the furnace, or a possible plumbing disaster waiting to happen.           


You may want a C.L.U.E. Report 


This type of report tells you what kind, if any, insurance claims have been made on the property in the past 5 years. The report will detail the date of the claim, the cause (if a natural disaster) and the amount that was paid to fix the damage. 


You should still get pre-approved


Getting pre-approved before buying a home is just something that should be automatic for buyers. It really lets the seller know that you’re serious about purchasing a property.


Buying a for sale by owner home is the same as purchasing any other property. You’ll just need to be an informed buyer through the process in order to make sure you’re doing what’s right for you.        






Posted by JoAnn M. Drabble on 3/13/2018

When you buy a home, you may wonder what the benefits of having your own realtor to represent you are. If you’re a first-time homebuyer, you probably will have a lot of questions. If you’re a second-time homebuyer you may still have a lot of questions! Buying a home can be a long, tedious process. It’s very helpful to know that you have a knowledgable realtor by your side to represent you and help you through the home buying process. If you’re looking to buy a home in a tough market, hiring your own realtor to represent you as a buyer is especially important. 


First, you should consider interviewing some prospective buyers agents in your area. Maybe you can get recommendations from friends and family as well. Learn what you can expect from a top realtor who will represent you as a buyer. 


Honesty Is The Best Policy


Your agent should be completely honest with you. While they can’t tell you what you personally want in a home, they should give you every last disclosure. No agent should put a home value or their own commission above their clients. This means that there’s strict documentation that realtors must follow including a code of ethics and standards for practice. A realtor must uphold these promises.  


Judging honesty in a realtor can be difficult. An honest real estate agent will help you through the home search process, for example. This is a good place to start. If the realtor points out some of the potential issues that you may have as a buyer in a home, you can see that honesty is one of their main policies.


Good Communicator


A realtor should be in frequent communication with you. Even if your home search isn’t active, they will check in, and see where you’re at in the process and if your needs have changed. 

Your realtor should alert you if offers have been made on properties that you’re interested in as well. Your buyer’s agent should reply to texts, e-mails, or calls within a short time frame of receiving them. Having a realtor that’s on top of things for you is important when it comes to buying a home since, without their help and information, the perfect home could slip through the cracks for you.                  


Knowledge Of Rules, Regulations, And Best Practices


Your buyer’s agent should have extensive knowledge of the real estate rules and regulations that are within your state. Each state has different practices when it comes to buying a home. Hiring a buyer’s agent is especially helpful if you are unfamiliar with a state or city. Your agent will be well-informed on all of your responsibilities as a buyer, as well as how and when you should complete these tasks and signings throughout the entire home buying process.







JoAnn M. Drabble