Home showings are valuable parts of the property buying cycle. If a homebuyer knows what to expect during a showing, this individual can get the information that he or she needs to determine whether a particular house is the right option.
Now, let's take a look at three things that buyers need to know about home showings.
1. A home showing is a commitment-free experience.
There is no obligation to submit an offer to purchase a house following a showing. Instead, a buyer can review his or her options and proceed accordingly.
In some cases, a buyer may want to set up a follow-up home showing as well. A follow-up showing enables a buyer to get a second look at a residence to determine whether it matches or exceeds his or her expectations.
It also may be beneficial to prepare lots of questions before a showing. That way, a buyer can gain deep insights into a home to help him or her decide the best course of action.
2. A home showing enables a buyer to get an up-close look at a house.
During a home showing, a buyer will walk through a house with a real estate agent. A buyer can ask a real estate agent questions about a residence, and he or she may even choose to take notes as the showing progresses.
It generally is a good idea to check out all areas of a house during a showing. Remember, a home purchase probably is one of the biggest decisions that an individual will make in his or her lifetime. With a comprehensive home showing, an individual can gain extensive insights into a residence's age, condition and more.
In addition, a buyer should not place a time limit on a showing. Depending on the size of a home, a showing may last a few minutes or a few hours. But a buyer who allocates the necessary time and resources to analyze a residence during a showing may be better equipped than others to make an informed decision about a house.
3. A home showing is one of many steps during the homebuying journey.
If a home showing is successful, a buyer may be inclined to submit an offer to purchase. Or, if a showing reveals a house fails to hit the mark with a buyer, this individual can continue his or her pursuit of the perfect residence.
Lastly, when it comes to setting up home showings, it often helps to hire a real estate agent. This housing market professional will make it simple for a buyer to navigate the property buying journey.
A real estate agent will schedule home showings for buyers and keep buyers up to date about open house events. Plus, a real estate agent will help a buyer submit an offer to purchase a home and ensure that a buyer can seamlessly acquire his or her ideal residence.
Reach out to a real estate agent today, and you can kick off the homebuying journey.
219 High ST, Unit#K, Westerly RI, 02891
Purchasing a house can be tricky, particularly for those who are dealing with a high-pressure negotiation. Luckily, we're here to help you get the best results from any homebuying negotiation, at any time.
Now, let's take a three must-haves for those who are getting ready to negotiate a home purchase.
1. Housing Market Data
An informed homebuyer is a smart shopper. As such, this individual will obtain a large assortment of housing market data that he or she can use to make the best buying decision.
For homebuyers, it is important to understand how one house stacks up against comparable residences in any real estate market. That way, a homebuyer can submit a competitive offer that is based on pertinent housing market data.
Examine the prices of recently sold houses similar to the one that you'd like to buy. Also, check out the prices of comparable houses that are currently available. And with this housing market data at your disposal, you can boost your chances of getting the optimal price for your dream residence.
Let's face it – a homebuying negotiation is stressful, regardless of whether you're a first-time homebuyer or have purchased many residences over the years. But if you remain confident throughout a negotiation, you can take a calm, cool and collected approach, even when times get tough.
A confident homebuyer will have no trouble standing his or her ground during a negotiation. And if this individual is uncomfortable with a home seller's counter-proposal, he or she will be willing to walk away and restart a home search.
Furthermore, a confident homebuyer will remain open to new ideas and consider the home seller's perspective. This will enable a homebuyer to examine both sides of a negotiation and proceed accordingly.
3. An Experienced Real Estate Agent
When it comes to negotiating a home purchase, there is no need to handle a negotiation on your own. Fortunately, an experienced real estate agent is happy to offer guidance at each stage of a homebuying negotiation.
An experienced real estate agent understands what it takes to purchase a great home at an affordable price. As a result, he or she will go above and beyond the call of duty to negotiate with a home seller on your behalf.
Typically, an experienced real estate agent will act as a liaison between a homebuyer and home seller. This housing market professional will keep you up to date about whether a home seller accepts or rejects your proposal to purchase a home. He or she also will provide recommendations and suggestions to help you transform a stressful negotiation into a successful one.
Perhaps best of all, an experienced real estate agent is ready to respond to your homebuying concerns and questions. He or she will provide you with the support you need to ensure you can make informed decisions throughout a homebuying negotiation.
Get ready for a homebuying negotiation – consider the aforementioned factors, and you can move one step closer to finalizing a home purchase.
44 - 46 Cumerford ST, Providence RI, 02903
Home renovations can increase the value of your home and make it better suited to your preferences. In 2018, the survey polled by LightStream Home Improvement showed that 58 percent of homeowners admit that they had the intention of spending money to improve their homes.
The survey also showed that 30 percent of those homeowners planned to pay for those renovation projects with credit cards.
So, is this a good idea?
The truth is that it is almost a requirement for most home shoppers to take advantage of the convenience credit offers, especially those who cannot pay upfront.
However, even for those home buyers who have the cash at hand, there is a lot of flexibility with credit cards. Credit cards are usually protected against contractor fraud or botched projects, and there are many advantages offered by some credit card companies such as cash back and points.
So, the increasing number of homeowners using credit cards to pay for the renovation of their property is not a surprise, and this trend will continue to increase in the future. Remember that you should not use a credit card unless you can pay the renovation off when the month comes to an end due to significant interest charges.
Funding your home renovation through credit card, is it wise?
The following three factors are essential when making this kind of decision:
- The amount of credit you have.
- Your ability to carry a balance on your card.
- How quickly you will pay off the expense
If you already have debt and an issue with the interest rate you are paying, then this might be a responsibility you should not shoulder. If not, using a credit card for such a significant expense is an excellent way to receive credit card benefits.
What are the Advantages of Putting Home Renovations on a Credit Card?
The two most significant advantages of using a credit card are convenience and immediacy. Furthermore, if house values are increasing fast, it would be ideal to move quickly. However, this would rely on real estate market ups and downs as well as how long you plan to live in your home.
One of the drawbacks is that if you don't make your credit card payments, you could be dealing with an interest rate of 21.99-26.99 percent or more, which will eventually negatively impact your credit score.
Using a credit card can be beneficial if you have the money to quickly take care of the renovation and explore certain advantages such as rewards or doubled warranties.