Robert Ross' Blog
Do you have what it takes to be a responsive homebuyer? Ultimately, your ability to respond to requests from home sellers and others may dictate your homebuying success.
Becoming a responsive homebuyer can be easy – here are three tips to ensure you can do just that.
1. Learn About the Housing Market
A responsive homebuyer understands that he or she has a lot to learn about the housing market. As such, this individual will allocate the necessary time and resources to analyze the real estate sector.
Typically, a responsive homebuyer will perform comprehensive online research. This will help a homebuyer assess a broad range of residences so he or she can tailor a home search accordingly.
Let's not forget about a responsive homebuyer's diligence, either.
A responsive homebuyer may work with an expert real estate agent, i.e. a housing market professional who knows what it takes to land a top-notch house at a budget-friendly price. By doing so, this homebuyer can boost his or her chances of streamlining the homebuying process.
2. Be Available
Are you ready to check out houses as soon as they become available? A responsive homebuyer should have no trouble tracking the housing market and staying up to date about new residences. That way, this individual can act quickly if he or she discovers the perfect home.
An informed approach can make a world of difference, and in most cases, separates a responsive homebuyer from an ordinary property buyer.
Usually, a responsive homebuyer will study the housing market closely and track new houses daily. This property buyer also may collaborate with a real estate agent who will keep him or her informed about new houses that become available.
Perhaps most important, a responsive homebuyer will be ready to accept phone calls, emails and texts throughout the homebuying cycle. He or she will even be open to communication with a home seller – something that may help this homebuyer acquire a first-rate house.
3. Offer Positive Responses to Feedback
Although a responsive homebuyer is eager to learn about the real estate sector, he or she won't pretend to be a housing market expert. In fact, this individual often is happy to receive feedback throughout the homebuying cycle.
A responsive homebuyer may consult with a real estate agent who can offer homebuying recommendations and suggestions. This homebuyer may not always agree with a real estate agent's advice, but he or she also will listen to everything that a housing market professional has to say.
Becoming a responsive homebuyer may seem like an uphill climb. However, with support from a real estate agent, you may be able to accelerate the process of transforming your homeownership dream into a reality.
Real estate agents are available in cities and towns nationwide and serve as homebuying guides. These housing market professionals can help homebuyers find residences that they can enjoy for years to come.
Take the next step to become a responsive homebuyer – use these tips, and you can move one step closer to securing your ideal residence.
Thinking of buying a new home, building your dream home or remodeling the home you have? Before you reach out to your nearest real estate agent, find a building contractor or raid your local do-it-yourself home improvement store, gather and refine all your ideas in one place by creating an idea book.
As the name says, an idea book is a collection of all the ideas you have for your new home or remodel. It should include notes about what rooms you need, but also include things like the style. Do some research online or in magazines to determine what features you like and with what kind of home style they go. Include pictures of these features in case they are called something different so that you and your professional help, be it real estate agent or builder, knows what you are looking for in a home. Think about colors, size, layout and everything else you can think of to create the perfect home.
Analog Idea Books
For many, this old-school method is the way to go. Get a notebook or a stack of paper and start writing things down. Then browse home design catalogs, real estate brochures and anything else you can get your hands on, cut out pictures and descriptions that appeal to you and glue, tape, staple or tuck the photos between the pages, so they don't get lost. If you'd rather see all your ideas at once, try tacking them to a corkboard or use magnets to stick your pictures and notes to your refrigerator. If you want to get extra extravagant with your idea book, get yourself a scrapbook with slip sheets and decorative pages.
Digital Idea Books
Websites like Houzz, Pinterest, and Photo Stream offer a way to keep your digital ideas all in one place. The photo collage layout of an online idea book lets you see your thoughts in one place like a corkboard, but organize them using folders and tags more like in a physical book. A lot of contractors and real estate agents prefer these online idea books since they are easy to share and help them understand what exactly you want.
Where to Start?
At first, you might think that it is just too much. There are so many styles, windows, furniture, and colors you simply don't know where to begin. That's just fine. Start with everything you like. Its easier to pare down your ideas once you've got examples of everything in front of you. You can help this process by grouping the ideas by room type: exterior in one place, backyard and landscaping in a second, kitchen, bathroom, bedrooms, living room all in their individual folders or collages. Its also a good idea to cross reference your likes and dislikes by color, feel and even which member of your family came up with the idea.
As you progress, you’ll start to notice you gravitate toward certain types and styles including specific windows, rooflines, and color schemes. When the same kind of drawer handles shows up in seven of your ten favorite bathroom cabinet styles, it’s a sign that you like that style a lot. You can go as specific as you want with your idea book, or you can leave your options wide open, but get some basic parameters around what you do and don’t like.
Once your book is ready, find your real estate agent or builder and show them what you want!
As a homebuyer, it is important to set high expectations. At the same time, a homebuyer must act reasonably, or he or she risks missing out on a golden opportunity to acquire the perfect residence.
Ultimately, becoming a reasonable homebuyer can be quick and easy – here are three tips to help you do just that.
1. Establish Realistic Expectations for the Homebuying Journey
The homebuying journey sometimes can take weeks or months to complete, and a homebuyer should plan accordingly. By doing so, a homebuyer can prepare for any potential homebuying pitfalls.
For example, a homebuyer may submit an offer on a home and receive a "Yes" from a home seller. But if a home inspector discovers myriad problems with a residence, a homebuyer may need to walk away from the house and restart the homebuying journey.
In the aforementioned scenario, a homebuyer may become frustrated and annoyed, and for good reason. Conversely, if a homebuyer understands the challenges associated with buying a house, he or she can plan for the best- and worst-case scenarios.
2. Search for Homes That Fall Within Your Price Range
Have you established a budget for your home search? If not, you may wind up focusing on houses that you won't be able to afford.
Get pre-approved for a home loan – you'll be glad you did. With a home loan in hand, you can enter the real estate market with a homebuying budget. Then, you'll be able to narrow your home search to houses that fall within your price range, thereby speeding up your search for the ideal residence.
It won't take long to get pre-approved for a home loan, either. In fact, if you meet with local banks and credit unions, you can instantly learn about a variety of home loan options.
3. Collaborate with a Real Estate Agent
Although you know that you want to buy a house, you have no idea what to expect during the homebuying journey. Fortunately, if you hire a real estate agent, you can learn what it takes to stay calm, cool and collected as you search for a house.
A real estate agent is a housing market expert who takes pride in his or her work. As such, a real estate agent will be available to respond to your homebuying concerns and questions, ensuring that you can make an informed home purchase.
Perhaps best of all, a real estate agent will go above and beyond the call of duty to eliminate homebuying hurdles.
For instance, a real estate agent is happy to negotiate with a seller's agent on your behalf, guaranteeing that you can avoid the stress of negotiating a home price. Or, if you need help finding a qualified home inspector, real estate attorney or other local professionals, your real estate agent can provide honest, unbiased recommendations.
Be reasonable as you kick off your search for your dream residence. That way, you can seamlessly navigate the homebuying journey and improve your chances of acquiring a house that matches or exceeds your expectations.
The ultimate goal of a home search is to find a residence that matches or exceeds your expectations. To enjoy a rewarding homebuying experience, you need to prepare accordingly.
Now, let's take a look at three tips to help you reap the benefits of a successful homebuying experience.
1. Narrow Your House Search
Think about where you want to live. By doing so, you can refine your home search and look for houses in your preferred cities and towns.
Also, creating a list of homebuying criteria usually is a good idea. This list can include home must-haves and wants, and ultimately, will help you further narrow your house search.
2. Get Pre-Approved for a Mortgage
Purchasing a house can be simple, particularly for those who get pre-approved for a mortgage. With a mortgage in hand, you can enter the real estate market with a budget. Then, you can pursue houses that fall within your price range and speed up your search for your dream home.
To get pre-approved for a mortgage, it is important to review all of the mortgage options at your disposal. Meet with banks and credit unions and discuss various mortgage options. This will allow you to learn about the differences between adjustable- and fixed-rate mortgages and find a mortgage that corresponds to your finances.
In addition, don't hesitate to ask mortgage questions when you meet with banks and credit unions. Lenders employ friendly, knowledgeable mortgage specialists, and these professionals will do everything possible to help you make an informed mortgage decision.
3. Work with a Real Estate Agent
A rewarding homebuying experience may be tough to achieve if you decide to pursue a house on your own. Thankfully, real estate agents are available who can provide plenty of guidance along the homebuying journey and ensure you can accomplish your desired results.
If you work with a real estate agent, you can take the guesswork out of purchasing a house. First, a real estate agent will meet with you and learn about you and your homebuying goals. This housing market professional then will craft a homebuying strategy to help you achieve the best-possible results as quickly as possible.
In addition, a real estate agent will keep you up to date about open house events, set up home showings and help you analyze the housing market. If you discover your dream house, a real estate agent will help you put together a competitive offer to purchase this home. Plus, if you have concerns or questions at any point during the homebuying journey, a real estate agent can respond to them.
When it comes to simplifying the homebuying experience, hiring a real estate agent is essential. Because if you have a top-notch real estate agent at your side, you can get the help you need to seamlessly navigate the homebuying journey.
Ready to find your dream house? Use the aforementioned tips, and you can enjoy a rewarding homebuying experience.
The homebuying journey should be fast and seamless, but problems may arise that prevent you from accomplishing your desired goals. For example, if a buyer with a poor credit score fails to get financing before submitting an offer to purchase a house, this individual may struggle to acquire his or her dream residence. Or, if a buyer fails to evaluate various housing market data, he or she may miss out on opportunities to purchase the right house at an affordable price.
There is no need to worry about homebuying crises. Lucky for you, we're here to guide you along the homebuying journey and ensure you can mitigate problems that otherwise may make it difficult for you to buy your dream house.
Avoid homebuying crises – here are three tips to help you minimize the risk of encountering problems during the homebuying journey.
1. Learn About the Local Housing Market
The housing market is complex, regardless of whether you are pursuing residences in small towns or big cities. Fortunately, plenty of housing market data is available to help you understand real estate patterns and trends. This information can help you map out your homebuying journey based on the current housing market's conditions.
Typically, it helps to look at the prices of recently sold houses in your preferred cities and towns. This information highlights whether house sellers are receiving offers at or above their initial asking prices and may help you differentiate a buyer's market from a seller's one.
You also should examine the prices of available houses that match your homebuying criteria. That way, you can hone your home search and accelerate the homebuying journey.
2. Get Pre-Approved for a Mortgage
Believe it or not, it usually does not take long for a homebuyer to get pre-approved for a mortgage. In fact, banks and credit unions can quickly teach you about different home financing options and ensure you can make an informed mortgage decision.
If you receive pre-approval for a mortgage, you can enter the housing market with a budget. Then, when you discover your dream house, you can submit an offer to purchase with home financing in hand.
3. Work with a Real Estate Agent
A real estate agent is a must-hire, especially if you want to limit the risk of potential crises during the homebuying journey. With a real estate agent at your side, you can identify homebuying problems and resolve these issues before they escalate.
Generally, a real estate agent will support you at each stage of the homebuying journey. He or she first will learn about you and your homebuying goals. Then, a real estate agent will create a personalized homebuying strategy to help you accomplish the optimal results. And if you have concerns or questions during the homebuying journey, a real estate agent is happy to respond to them.
Prevent homebuying crises – use the aforementioned tips, and you can increase the likelihood of a successful homebuying experience.