Posted by Peggy Farber on 9/12/2018

Sometimes, being in the hunt for a home feels like being in a race you can’t win. You should craft an offer that they cant refuse in order to get ahead on the house hunt. The real estate market can be hot or cold. No matter what the market is like, having a solid offer can be very beneficial to you as a buyer. Here’s some tips for you to get the offer you make accepted:


Get Preapproved


When you get preapproved, you’re showing the seller that you’re a serious buyer. Being preapproved gives you a shorter closing time and helps you to clear any financing hurdles before you get to them.


Avoid Lowball Offers


Make sure that you check out the prices of other homes in the neighborhood. Your real estate agent can help you to do this research. Often, you’ll need to offer the asking price or above if it’s a seller’s market. If all the research leads you to offer somewhere in the neighborhood of the asking price for a home, you’ll want to abide with that.


Too Many Contingencies Turn A Seller Off


The financing contingency is the agreement that is put forth to help a buyer get out of the deal if financing falls through. You’ll need to be sure that you actually have the cash on hand to help you if the appraisal falls short, however. While this isn’t recommended, it can give you a leg up in the buying process if you know what you’re doing. 

Another thing that you might consider is waiving the inspection. This does however, remove the ability to be sure that a home is in livable condition. This is another way to give yourself an advantage in the home search process, but it’s not recommended. A better way to keep the inspection and streamline the process is to shorten the inspection time by having the inspector ready to go immediately.  


Add A Clause To Increase Your Amount


You are able to add an escalation clause into a deal. This will automatically increase your deal by a predetermined amount if the seller gets more than one offer on the home. There’s a cap on these deals, so it doesn’t work like an auction. It’s a good option and it causes sellers to have to disclose the competing offers. Typically, this wouldn’t be the case. The only way you’d be out of the deal is if other offers exceed your cap.


Be Smart With Negotiations


You can offer to pay closing costs and home warranties instead of the seller having to pay them. Costs associated with the closing can be extensive, so offering to pay these fees can be very appealing to the seller. 


Get Personal


It’s difficult for sellers to part with the home that they love. If you get a bit personal and write a letter or send a video message to the sellers, you may often appeal to them on another level. In the letter, you may want to address how well the sellers have taken care of the home and express your desire to continue your life in the home in the same fashion. Many times, this is really a great way to connect with your seller and give you a better chance of getting your offer accepted.




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Posted by Peggy Farber on 9/5/2018

Attending open houses is common for property buyers in cities and towns nationwide. However, there is no set number of open houses that a homebuyer will need to attend to discover his or her dream residence. In some instances, a buyer may find the ideal home after attending his or her first open house. Or, a buyer may attend dozens of open houses and fail to find a residence that matches his or her expectations.

As a homebuyer, it is important to do everything possible to make the most of an open house. Lucky for you, we're here to help you get ready for an open house and ensure that you can maximize the value of this event.

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

1. Create a List of Home Questions

You may have learned about a home from a listing. Yet a listing only offers a limited amount of information about a residence. And if you have additional questions about a residence, an open house provides you with a great opportunity to receive responses to your queries.

Craft a list of questions before you attend an open house – you'll be glad you did. With this list in hand, you can ask questions about a home and gain the insights you need to help you decide whether a residence is right for you.

2. Perform Research

Try to collect as much information as you can about a home prior to an open house. That way, you can have a good idea about what to expect when you attend this event.

Also, you may want to put together a game plan before an open house. This plan allows you to prioritize different areas of a residence that you want to check out. Plus, it may help you conduct an in-depth review of a residence.

3. Consult with a Real Estate Agent

A real estate agent is happy to help you plan ahead for any open house. If you employ a real estate agent today, you can receive comprehensive assistance as you conduct your house search.

Typically, a real estate agent will keep you up to date about open house events in your preferred cities and towns. This housing market professional can attend an open house with you and offer immediate feedback as well. In addition, if you want to submit an offer to purchase a residence after an open house, a real estate agent can help you do just that.

Let's not forget about the expert housing market insights that a real estate agent can provide, either. A real estate agent can offer insights into housing market patterns and trends. By doing so, a real estate agent can help you narrow your home search and ensure that you can find a great house at a budget-friendly price.

Ready to attend an open house? Use the aforementioned tips, and you can attend an open house and learn about all aspects of a residence.




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Posted by Peggy Farber on 8/29/2018

As you go on the house hunt, you’re likely to attend many different open houses. After awhile you can get confused as to what you have seen and where you saw it. Each open house or home showing is only a short window of time. As a buyer, you’re trying to get the feel for a house. Being an observant home shopper can help you to avoid a lot of problems down the road. Check out some of the biggest red flags that you need to look out for when you attend an open house.


The Candles Are Burning Bright


You walk into an open house and see a lovely candle lit on the kitchen table. While it may make you feel all warm and fuzzy, it’s not always a good sign. Candles are a great way to mask odors. There could possibly be a musty odor coming from the sink, the basement, or another part of the house. This spells hidden damage and possible danger for you as a homebuyer. While the home inspection should pick up on things like this, you don’t necessarily want to get that far in the process. The art of masking odors could be a sign that the sellers are trying to hide something.


Be Your Own Inspector


As you walk through the home do you notice squeaky floor boards, cracks in the walls, cracks in the ceilings, or a drippy faucet? Maybe you see some patches on the walls or mirrors and paintings that seem out of place? These are all issues that could be signs of a greater problem. Keep in mind that no house is perfect, but you should do a little investigating on your own while walking through the house at showings.


The Home Doesn’t Appear Cared For


Curb appeal is one thing, but a home that looks unkept is a sign of a larger problem for you. Has the lawn been mowed? Is the fence in disrepair? How does the home appear from the outside at first glance? There are plenty of ways that you can fix up a home to make it your own once you buy it, but the question is just how much of a challenge are you up for? There is always a chance that you’ll have large maintenance costs when a home hasn’t been properly maintained by the previous owners.


Searching for homes and going to open houses can be fun. It can also be an educational experience to help you narrow down what you’re looking for and what you can handle as a homeowner.            





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Posted by Peggy Farber on 8/22/2018

When pests come into your home, there’s no creepier feeling that you may have as a homeowner. You may turn to your house insurance for assistance if the problem gets really bad. Let’s say that termites have taken over your home and gotten into your walls or foundation. Maybe mice have gotten into the walls of your home, or a squirrel has caused some major issues in the attic. Whatever the problem is, you want to remedy it quickly. It might be an expensive fix no matter what, but it has to be remedied for you to continue to live comfortably in your home. 


The Truth About Homeowners Insurance


Unfortunately, homeowners insurance doesn't cover pest infestations. It doesn’t matter if the termites have literally eaten you out of house and home, the insurance companies consider pests to be an avoidable problem. Even though you may wonder how bugs can be considered “avoidable,” it’s simple. The insurance company believes that regular maintenance and checking of your property can help to prevent bug infestations. This is why it’s so important to take care of your property and not neglect it. 


Collateral Damage


There are a few exceptions to the rule. If your ceiling caves in and it was caused by some of the pest damage, your insurance may cover the cost of the repairs to the ceiling. They may not cover the materials that are needed to repair the ceiling itself. Insurance claims can be tricky, so you’ll need to ask a lot of questions if these problems do occur for you.


What Homeowners Insurance Covers


There’s nothing more frustrating than paying an insurance premium to find out that it doesn’t actually cover anything that you need at a certain point and time. As a general rule, homeowners insurance policies cover things that are considered accidental. This would include natural disasters like hurricanes, hailstorms, or high winds. If a tree falls on your home due to a windstorm, there was really no way of preventing that from happening. Your insurance would cover this. Damage that happens over an extended period, like that of a pest infestation or an aging home generally is not covered by house insurance. 


Separate Policies


Some insurance companies do offer separate policies to cover damage from certain types of pests like termites. There are several varieties of insects that cause damage to wood structures, so these policies may be more general stating that they provide “wood destroying insect” coverage. If you live in an area that’s prone to termites, there’s a few options available to you including something called “termite bonds.”


Your best course of action as a homeowner is prevention. Keep up with regular maintenance around your home and inspect your home regularly for any problems that you may find.




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Posted by Peggy Farber on 8/15/2018

If you recently bought or sold a house and plan to move out of state, now is the time to start planning for moving day. By doing so, you can ensure that you're fully prepared to take all of your belongings to your new address.

Now, let's take a look at three tips to help you prep for an out-of-state move.

1. Create a Moving Calendar and Budget

Determine how much time is available before moving day. Then, you can put together a list of items that you will need to pack, along with various pre-moving day tasks that must be completed. With this plan in place, you'll be better equipped than ever before to seamlessly navigate the moving process.

Also, don't forget to budget for your out-of-state move. If you craft a budget today, you can avoid the risk of overspending on moving boxes and other moving supplies.

2. Don't Wait to Start Packing

Moving day will be here soon enough, and as such, there is no reason to wait to start packing your belongings.

Enlist friends and family members to help you pack – you'll be glad you did. With loved ones at your side, you can get plenty of assistance as you prep your belongings for your out-of-state move.

In addition, you may want to contact a moving company that specializes in out-of-state moves. If you hire a moving company, you can receive comprehensive support throughout the moving cycle.

3. Cancel Various Services

Reach out to your current utilities providers, along with cable, internet and phone services providers. This will allow you to find out exactly what you'll need to do to cancel various services prior to moving day.

Remember to connect with services providers in your new city or town too. If you contact these services providers today, you can guarantee that all of your essential services can be set up as soon as you reach your new address.

Lastly, if you need help getting ready for an out-of-state move, you may want to reach out to a real estate agent. By collaborating with a housing market professional, you may be able to simplify the moving cycle.

A real estate agent is happy to help you buy or sell a house, as well as connect you with the best moving companies in your area. That way, you can receive plenty of assistance as you count down the days to your out-of-state move.

Furthermore, a real estate agent is happy to provide expert insights into the housing market. If you need to find a new house out of state, this housing market professional can help you discover a great residence at a budget-friendly price. Or, if you need to sell your current residence, a real estate agent will help you find the best ways to optimize the value of your house.

When it comes to moving out of state, why should you be forced to leave anything to chance? Instead, use the aforementioned tips, and you can streamline the out-of-state moving process.




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