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What Happens After Your Offer is Accepted?
You’ve been searching for homes for possibly just days or maybe even months, and you finally have an accepted offer! Congratulations, but this is just the beginning. There are several things that happen after the time your purchase and sales agreement is accepted and a few people involved. So what exactly happens? In the contract, it states how long a buyer has to get the property inspected. If the purchase of the home is contingent upon inspection, this is one of the first things that needs to be completed. After the inspection is done, the buyer will receive a copy of the inspection report. It’s a great idea for the…
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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 is a CMA in Real Estate?
Real estate agents often create a comparative market analysis (a.k.a CMA) to estimate the value of your home. This information is beneficial to sellers so they can price their home accurately and it allows buyers to feel comfortable with how much they’re paying for their home. Real estate agents create a CMA by looking at recently sold properties that are similar to your house (or, if you’re a home buyer, the one you want to make an offer on). Similarity is very important since it gets you the closest comparison to ensure you are making an informative financial decision. Things We Look For: Recently Sold: It’s important to make sure…
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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…
