The Congressional Team's Blog
An informed homebuyer may be better equipped than others to enjoy a successful property buying experience. In fact, an informed homebuyer likely will understand the ins and outs of the local housing market – something that could make it simple for this individual to discover a great residence at a budget-friendly price.
Ultimately, it helps to review the local real estate market closely before you embark on the homebuying journey. Lucky for you, there are many things you can do to analyze the local real estate market and gain the homebuying insights you need to succeed.
Let's take a look at three tips to help you study the local housing sector so you can navigate the homebuying journey with poise and confidence.
1. Assess the Prices of Recently Sold Houses
Oftentimes, it is a good idea to review the prices of recently sold houses in cities or towns where you plan to search for your dream residence. If you understand how much home sellers are receiving for their residences, you can narrow your house search to properties that fall in line with your budget.
It is important to remember that city houses may be more expensive than comparable residences in small towns, too. Thus, you should budget accordingly based on where you choose to search for a home.
2. Find Out If Homes Are Selling Quickly
Take a look at how quickly homes are selling in cities and towns where you want to live. With this housing market data in hand, you can determine whether a buyer's or seller's market is in place.
In a buyer's market, there may be an abundance of available houses. Or, in a seller's market, homes may sell within days of being listed.
If you are operating in a buyer's market, you may be able to take your time to find your ideal house. Comparatively, in a seller's market, you should be prepared to act quickly to acquire your dream residence.
3. Consult with a Real Estate Agent
A real estate agent can teach you everything you need to know about the housing sector. That way, a real estate agent can help you become an informed homebuyer in no time at all.
Typically, a real estate agent will learn about you and your homebuying goals. He or she next will provide insights into the housing market in your preferred cities and towns and help you hone your house search. Then, a real estate agent will help you search for your dream residence. And once you find a house you want to purchase, a real estate agent will help you submit a competitive offer to purchase this home.
As you prepare for the homebuying journey, it may be beneficial to learn about the local real estate sector. By doing so, you can gain comprehensive housing market insights that you can use to streamline your home search. As a result, you could speed up the process of finding and purchasing your ideal house.
You’ve finalized the paperwork moved the last box and may have even kicked up your feet to relax. It’s time to celebrate owning your very own home. Homeownership is a major milestone after all and you deserve to bask in the pride of this accomplishment by throwing a housewarming party. Share your new home and kickoff memories to come with your favorite people.
Start planning by tallying the number of guests on your list that will comfortably, and safely, fit into the amount of space your home has. You also want to keep your budget in mind as you finalize the number of guests for your party.
The best time to throw a housewarming party is two to three weeks after you’ve moved and have begun to settle in. Most of your boxes are probably unpacked by this point and you have an idea of how you’d like everything to be set up.
Send out invites two weeks ahead of time to give everyone enough time to arrange their schedules plan for your party. This is also a good time to begin planning food and drinks. You’ll want to create a cohesive spread of food or if your party is at a mealtime plan a full dinner. Make calls to get pricing for any catering you may want to have done or start gathering recipes.
You’ll want to have every room of your home ready for showing the day of the party as guests will want to see the full house. Do your best to make each room presentable and try to have everything unpacked and put away. Have a playlist of music to play for the party and buy some fresh cut flowers to put a finishing touch to each room.
Have your home ready for the influx of guests by stocking your bathroom with plenty of toilet paper, several fresh hand towels and a full bottle of hand soap. Have a place ready for guests to leave coats, bags, and shoes.
On the day of the party, try to greet every guest as they arrive. Offer them a drink, show them where refreshments are available and give directions to the bathroom. Offer tours of your home throughout the day/night in small groups so everyone has a chance to get the full viewing.
Signify the party is wrapping up by offering dessert and coffee. Thank all of your guests for coming as they depart. It is always a nice touch to send thank you notes to guests, especially to those who brought housewarming gifts.
Owning a home is a major accomplishment and one that should be celebrated! Housewarmings are a fun way to gather friends and family together and enjoy the fruits of your labor.
A home inspection is a key part of the property buying process. If you fail to allocate the necessary time and resources to conduct an in-depth inspection, you may struggle to identify various home problems before you finalize your property purchase. And if you cannot identify such issues, you risk buying a home that may require costly, time-intensive upgrades in the foreseeable future.
Ultimately, there are many things that you can do to ensure that a home inspection provides you with the insights you need to determine whether to proceed with a home purchase. These include:
1. Hire an Expert Home Inspector
A home likely is one of the biggest purchases you'll make in your lifetime. As such, there is no need to leave anything to chance, especially when it comes to conducting a house inspection. But if you hire an expert home inspector, you can get the support you need to conduct a comprehensive property inspection.
Look for a home inspector who possesses extensive experience. Also, you may want to ask a home inspector for client referrals before you make your final hiring decision. If you get in touch with a home inspector's past clients, you can find out what it's like to work with this professional and proceed accordingly.
2. Attend Your Home Inspection
You are under no obligation to attend your home inspection. But in most instances, it is beneficial to attend an inspection.
A home inspection usually requires just a few hours to complete, but the benefits of attending an inspection may last a lifetime.
For example, during an inspection, a home inspector may be able to provide you with property repair insights that otherwise won't be included in your inspection report. Meanwhile, attending a home inspection allows you to ask questions and gain the insights you need to make an informed decision about a home purchase.
3. Analyze Your Home Inspection Results
Spend some time reviewing a home inspection report – you'll be happy you did. If you assess a home inspection report closely, you can use all of the information at your disposal to decide whether to continue with a house purchase.
Furthermore, if you have questions about a home inspection report, don't hesitate to reach out to the inspector who conducted the evaluation. This inspector can respond to any report questions that you may have and provide you with information that could prove to be exceedingly valuable as you make your final decision about a house.
As you get ready to buy a home, it certainly helps to have a best-in-class real estate agent at your side too. This housing market professional can offer recommendations and suggestions about what to do following a home inspection. Plus, he or she can provide plenty of guidance at each stage of the property buying journey.
Take the guesswork out of a home inspection – use the aforementioned tips, and you can boost the likelihood of completing a successful property inspection before you finalize a home purchase.