Buying A Home: What To Keep In Mind

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You’ve found me! I’ve been in the real estate business for over 15 years and have a broad range of knowledge in the real estate field. Negotiating skills are invaluable when it comes to real estate and that skill set is one that has brought years of satisfaction to my clients. I can direct you to the right financial representative, lawyer, home inspector, and any other contact you may need; even after closing.

Do you feel a draft in your home? Today, there are a number of products that utilize air as a form of insulation. That’s right–air! The concept is somewhat akin to that of bubble wrap packaging. Plastic cushions contain air and they are placed in your ceilings and walls. This can save quite a bit of money over traditional insulation options.

Relying on Oral Agreements or Statements- When it comes to real estate oral agreements are legal but not binding. Just because a seller agreed on a price with you verbally, does not mean someone cannot sneak in a higher offer. Many buyers have been disappointed thinking just because they had an offer in to the seller that no one else could put in an offer. Also, if a statement has been made and it is important to your buying decision, make sure that statement is in writing in the contract.

You should not repair houses without proper inspection. Let’s say you found a property for $50,000 and the owner is willing to slash a few more G’s from that price if you purchase the house within the week. You rush to get the cash ready and pay that owner his $45,000. After all, you’ve seen the property and think it only needs a new coat of paint. You are then surprised to find that the house needs major repairs in the foundation as discovered by your contractor, who of course has more experience in construction than you. Always remembers, hire a professional Palm Springs home inspector or at least someone who has experience when checking out a property.

Locking in an interest rate. You can lock in an interest rate while for a period of time while you’re searching for a home. That helps when interest rates are likely to rise. This can vary between which type of property you buy, which can often range one to 6 months. Once you lock in a low rate, you must purchase a home before your lock expires and you have to settle with a higher rate.

If you replace a full floor with hardwood or other materials, it will be very expensive. One easy and affordable option is to remove the existing flooring and stain the concrete. The look is modern and industrial, and the color possibilities are nearly endless.

Not completing the final walkthrough can be a crucial mistake. Before closing, make sure you check to see any requested repairs have been completed. Make sure there is no damage you were unaware of and that nothing else has changed. Any problems after the purchase are yours.