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Where Will I Move If I Sell My House?
If I sell my house where am I going to go? I have been hearing this question quite a lot recently, so I wanted to dive into it a bit today. It’s definitely a seller’s market right now across the United States, but especially here in the Treasure Valley. If you’re considering selling your home, but you’re worried about finding another home before your closing date, then listen up. I want to suggest a few solutions to this problem. When you’re selling your home for a higher price, then you can buy a higher priced home for the same/similar mortgage. We’ve hit historic lows with the current interest rates which really…
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4 Tips to Buying a Home in a Competitive Market
It can be difficult to purchase a home in a super competitive market like we have in the Treasure Valley right now. Anything under $300,000 is going super quick and first time home buyers are definitely running into this problem. Here are four pieces of advice to get the home you want: Make sure you are pre-approved before you start looking at houses. This way you already know what your monthly payment will be and what price you feel comfortable with. If you do find the home that you’re in love with, you’ll already be prepared to put in an offer. Be ready to go look at houses! You can’t…
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What To Do During a Final Walkthrough
The final walkthrough is an important part of any home buying process. Let’s start by stating a final walkthrough is NOT a home inspection. It is however an opportunity for the buyer to see the house one last time before closing. It’s often done as close to the closing date as possible, preferably the day of. This gives the sellers as much time to get things packed and out of the house. Then the buyers are able to check the home and see if there is any new damage since the home inspection. Sometimes sellers don’t move out until the day of closing; rarely final walkthroughs can happen with the…
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The Importance of a Home Inspection
Home inspections are such an important part of the home buying and selling process. It gives the buyer the opportunity to identify any major issues with a home prior to closing. It is quite common for the home inspection to be paid for by the buyer and it is s typically completed within the first couple of weeks after an offer has been accepted. Inspectors vary in experience, knowledge, and thoroughness. Ask your real estate advisor for a recommendation on which inspector they’ve worked with and trust. A typical inspection lasts two-three hours and can cost around $300-$600 (based on the square footage of the home). Your agent should be…
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First Time Home Buying Tips
Buying a house can seem like an overwhelming decision and many renters are hesitant to make the leap into homeownership. There are so many advantages to buying vs. renting. To start with, let’s discuss some of the pros and cons of buying. Pros: -building equity -tax benefits -freedom to renovate/decorate your home however you want -bring your animals 🙂 Cons: -maintenance fees -less flexibility in moving from place to place If you’ve decided that buying a home is the next step for you then take a few steps to get prepared! Tip One Save up for a down payment. Many people think you have to save up 20% to purchase…
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Why Buy a Home in the Winter?
Many people do not want to purchase a new home during the winter months. It’s definitely a busy time because of the holidays, but there are some significant advantages to purchasing a home in these slower months. The market is less competitive. The simple fact that less people want to move during this time means you have less competition when putting an offer on a house. The Treasure Valley market will start to get very busy again this spring and multiple offers on a home is very common. The odds of having a competing bid is much lower during the winter months. You may get a better deal for your…
