Linda M. Lohnes' Blog
For those who want to buy a house, it helps to consider your options closely. That way, you can make an informed home purchase.
Now, let's take a look at three factors to consider as you prepare to conduct a home search:
1. The Local Housing Market
Assess the local housing market before you dive headfirst into a home search – you will be glad you did. If you analyze the housing market in towns and cities where you want to live, you can determine if a buyer's or seller's market is in place. Then, you can map out your homebuying journey accordingly.
To differentiate a buyer's market from a seller's market, you should find out how long recently sold houses were available before they were purchased. You also may want to track houses as soon as they become available and see how long it takes them to sell. If residences linger on the housing market for many weeks or months, the real estate sector likely favors buyers. Or, if houses are purchased shortly after they become available, the real estate sector may favor sellers.
2. Your Home Must-Haves
Think about the features you want to find in your dream house. This will help you hone your house search to residences that match your expectations.
Oftentimes, it helps to enter the housing market with a list of home must-haves. This list can be updated throughout your house search and may help you simplify your quest to find your dream residence.
As you craft a list of home must-haves, be sure to include any house amenities you simply cannot live without. For instance, if you require a home that boasts a state-of-the-art air-conditioning system, you can search for a residence that offers this amenity. On the other hand, if you need a home that is located just minutes from your office in the city, you can search for a house in or near the city itself.
3. Your Homebuying Budget
You may have only a finite amount of money to spend on a house. If you get pre-approved for a mortgage, you will know precisely how much money is at your disposal. You then can search for a house that corresponds to your budget.
To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you about your home financing options and help you select a mortgage that suits you perfectly.
Lastly, as you get set to embark on a house search, you may want to hire a real estate agent. This housing market professional can offer expert insights into the homebuying journey. Plus, he or she is ready to respond to your homebuying concerns, at any time.
If you want to streamline the process of finding and buying a wonderful residence, it helps to plan ahead for the homebuying journey. Thanks to the aforementioned tips, you can review your options and boost the likelihood of enjoying a successful homebuying experience.
If your initial offer to purchase a home is countered, there is no need to stress. In fact, there are lots of reasons why you should negotiate with a house seller, and these include:
1. You can speed up the homebuying journey.
The homebuying journey may prove to be long and complicated. If you find a house you want to buy, however, there is no need to wait to submit an offer to purchase this home. And if a seller wants to negotiate with you, it may be worthwhile to work with this individual so you can acquire your ideal house.
A homebuying negotiation enables you to try to reach a house purchase agreement with a seller. Plus, if you and a seller cannot come to terms, you can always reenter the housing market and continue to search for another home that matches your expectations.
2. You can find common ground with a home seller.
When it comes to buying a home, it is important to avoid submitting a "lowball" offer to purchase. If a buyer submits a lowball property buying proposal, he or she risks alienating a seller. Worst of all, a seller may be more likely than ever before to reject the buyer's proposal and move forward with other offers to purchase.
Thanks to a homebuying negotiation, you can come to terms on a home purchase agreement that works well for both you and a seller. As a result, both you and a seller will be satisfied with the final terms of a home purchase agreement.
3. You can pay the lowest price for your dream home.
If you feel a seller's initial asking price is too high, negotiating with this individual offers an excellent opportunity to get the best price for your ideal house. And if you open up negotiations with a seller, you could acquire a terrific house at a budget-friendly price.
Of course, it is crucial to consider the seller's perspective during a homebuying negotiation. If you maintain constant communication with a seller, both you and this individual can work together to finalize a home purchase contract.
Negotiating with a home seller may be stressful, regardless of whether you are buying a house for the first time or have purchased residences in the past. Fortunately, if you hire a real estate agent, you can receive expert support as you negotiate a home purchase.
A real estate agent is happy to negotiate with a house seller on your behalf. He or she will keep you up to date throughout a home purchase negotiation. Best of all, a real estate agent will do everything possible to help you purchase your dream house at the lowest price.
For those who want to achieve the optimal results during the homebuying journey, it generally is a good idea to negotiate with a seller. If you are willing to negotiate with a seller, you could acquire your dream home faster than ever before.
As a home seller, it is important to do everything possible to ensure your residence makes a positive impression on buyers. Because if your residence fails to impress buyers during a showing or open house, your home may linger on the real estate market for an extended period of time.
Ultimately, there are lots of things you can do to ensure buyers feel good after they view your residence, such as:
1. Bolster Your Home's Curb Appeal
When buyers view your home for the first time, you likely want them to fall in love with your residence. If you allocate time and resources to enhance your house's curb appeal, you may make it simple for buyers to see your residence's full potential and envision what life could be like if they purchase your home.
To upgrade your home's curb appeal, you should perform lawn care tasks like mowing the lawn and trimming the hedges. You also should repair any cracked or chipped home siding, as well as correct any other property exterior issues that could negatively affect a buyer's perception of your house.
2. Remove Clutter
Clutter is a problem that may make it tough for buyers to picture a future in your home. If you have excess items scattered around your home, there may be no time like the present to get rid of these items.
To eliminate clutter, you may want to host a yard sale or list excess items online. In addition, you can always donate any items you no longer need to a local charity or give them to family members or friends.
3. Clean Each Room of Your Home
For homebuyers, nothing beats a pristine, tidy home interior. If you clean each room of your house from top to bottom, you can help your home's interior make an unforgettable impression on buyers.
Taking a room-by-room approach to home cleaning may be ideal. Furthermore, if you need extra assistance, you can hire a professional home cleaning company.
Of course, if you are searching for ways to streamline the home selling journey, you may want to hire a real estate agent as well. A real estate agent is happy to teach you the ins and outs of selling a house and ensure you can maximize your home sale earnings.
A real estate agent can guide you along each stage of the home selling journey. First, he or she will learn about you and your home selling goals. A real estate agent next will help you list your residence and promote your home to dozens of prospective buyers. Finally, if you receive an offer to purchase your home, a real estate agent will help you determine whether to accept, reject or counter this proposal.
Clearly, there is no shortage of options to upgrade your residence and ensure it garners buyers' attention. If you take advantage of the aforementioned tips, you could simultaneously help your house stand out to buyers and speed up the home selling cycle.
Technologies for home theater audio are rapidly changing. At one time if you wanted a good listening experience in your living room you have to spend hundreds on surround sound speakers, subwoofers, and receivers. Then, you had to run wires throughout the room and try programming your remote to make it all work.
While surround sound speakers are still a good option, there are other ways to experience quality audio in your home. In this article, we’re giving you a guide to choosing a home audio system that fits your needs and, more importantly, your budget.
The latest addition to home theater audio is the sound bar. These are slim, sleek speakers that usually come with a small subwoofer.
Sound bars come in several varieties. Some are plug-and-play, meaning you don’t need to worry about purchasing amplifiers or devices, you just plug them into your television via an HDMI cable or connect to your TV through Bluetooth and you’re done.
Other sound bars are more like bases that your TV sits on top of. Sound bases aren’t as popular as they once were, so there are limited options. Furthermore, they typically don’t include a separate subwoofer so they can lack deep bass.
The other benefit of sound bars is just how simple they are to use. Even the cheapest sound bars often come with Bluetooth, so you only have to worry about one outlet spot for the power cord.
For most homeowners who want sound quality far better than their television’s internal speakers can provide, sound bars are an easy way to vastly improve your audio experience without breaking your wallet.
Before buying a sound bar, try them out at a local electronics store to gauge what quality you need. You also might want to measure your television to find one that matches its width.
The classic home theater experience is a bit more complicated. However, you can often buy a “home theater in a box” which includes everything you need for an audio system.
Most commonly, you’ll find 5.1-channel surround sound. This means there are five speakers and one subwoofer included in the box. These systems have one central speaker, two speakers that are placed to the left and right side of the television, and two rear speakers. However, you can also find 7.1-channel systems which include two extra speakers.
Many “home theater in a box” packages include an audio receiver. However, if you already have one, your money will be better spent on buying a higher quality speaker system than replacing your receiver.
The downfall of buying a speaker/receiver package is that their quality is often only marginally better than a (much simpler and easier to set up) sound bar. To get the optimal experience out of a surround sound system, you’ll need to spend more and do your research.
So, if you have a high budget and want a dynamic, high-quality surround sound system, your best bet is to buy a quality receiver (usually somewhere in the $600 range) and then spend the bulk of your budget on speakers.
Creating curb appeal is an essential ingredient to attracting potential buyers to a house for sale. Similar to the concept of "dressing for success," when you make a strong first impression, your chances for producing positive results are greatly enhanced.
Looking good from the outside is the first step to capturing people's interest, but that's only the first of several hurdles that you have to clear. The last thing you want to do as a home seller is disappoint prospective buyers when they start looking around inside. That's why it's important to start strong and finish strong! While that may be easier said than done, it's a principle of success you can't afford to ignore.
Once you put your house on the market, there are two factors that could potentially work against you: the elements of time and competition.
- Time is of the essence: Time can either be your friend or your adversary, depending on how long your house has been on the market. When house hunters see the words "just listed," it creates a feeling of excitement and urgency. For many eager home buyers, those two words mean there's a fresh opportunity to discover the house of their dreams... or at least a reasonable facsimile! It's especially enticing to frustrated buyers who have already looked at a lot of homes, without having found the right one yet. When a new house is listed and put on the market, couples will be thinking and saying "Maybe this house will be the one!" Your challenge as a home seller is to do everything possible and cost-effective to live up to their expectations! An important factor to keep in mind is that the longer a house is on the market, the less appealing it generally is to prospective buyers. Once a house has been languishing on the market for more than a couple months or so, it also puts the sellers at a negotiating disadvantage.
- Competition is a fact of life: Buying a house is weighty decision. No one takes it lightly, and few buyers are going to make an offer on a house if they haven't looked at several others, too. Well-organized house hunters will have wish lists, "must have" requirements, and detailed notes and recollections about how each house stacks up. So it's important to work with your real estate agent to present your home in its best possible light. When your home compares favorably to other similar properties on market, your chances of getting it sold within a reasonable period of time are greatly improved.