There may come a point in your life when you will need to search for a new home. Finding a new place to live is a huge decision for anyone. During these trying financial times, you will have to choose between rent vs own. You might stop to ask yourself which option is better for you? For obvious reasons, these choices are present because of the cost of owning a home or your ability to finance the new home. Continue reading “Rent vs Own – Which one is really better?” »
Category: Real Estate News
Negotiate a Price
Once you have finished your price estimation for a selected home, you need to negotiate a price with the seller of the home. Now, you are going to make an offer, and this is the start of the negotiation. Some sellers set prices above the price that they will accept. During negotiation this slightly higher price creates a buffer margin for them. Because of the higher set prices of homes, most sellers are willing to accept less than their original asking price. Remember, your goal is to make sure that you do not pay more than you have to for the home. Continue reading “Negotiate a Price” »
Obtain a Second Opinion
Remember, you are not an expert. If your valuation leads you to believe that a particular home is undervalued, you should get a second opinion before making a decision to purchase that home. An immediate option is to use real estate broker to help you assess value of the home. Continue reading “Obtain a Second Opinion” »
Assess the Effect of Zoning Laws
A change in zoning laws affects home prices and when zoning laws for a location change, homes in the area are assigned a lesser or higher per square foot price. Accordingly, you should add to or subtract from the estimated value to get a fair price. Continue reading “Assess the Effect of Zoning Laws” »
Assess the Effect of Business Activity
People hired for jobs in the area, such as at a recently opened business, search for homes nearby. This search creates demand for homes in the area. Continue reading “Assess the Effect of Business Activity” »