Buying Mistakes Almost Everyone Makes

source: allsiteinfrared.com

source: allsiteinfrared.com

 

1. Using the wrong real estate agent.

Look for someone who does real estate full time, knows local inventory and is tech savvy. Real estate, especially that in Honolulu, moves very quickly because of the lack of inventory. Because of this, you’ll want a real estate agent that is quick to answer texts, calls and emails and knows how to use technology to get your offer in right away.

 

 2Shopping before getting approved.

Find out how much mortgage you qualify for and get an approval letter from your lender. You don’t want to be looking at homes to later find out you can’t afford them. Most real estate agents now will be hesitant to show clients homes if they haven’t yet been approved because of this.

 

 3. Maxing out your spending power.

It’s a wise decision to be a little conservative when it comes to purchasing a home. Homeowners have expenses such as property taxes, condo fees and maintenance that renters looking to buy fail to take into consideration.

 

 4. Skipping the inspection.

You’re spending hundreds of thousands of dollars. You should know exactly what you are buying. Many lenders require the inspection before they approve the loan.

 

 5Overdoing contingencies.

Putting too many inspection-related contingencies can scare off the seller. Talk to your agent before submitting the offer so you’ll feel confident your interests are protected.

 

6. Getting too attached to one property.

Throughout the home buying process, buyers should be able to fall in and out of love with properties. Just because you weren’t able to get the home you had your heart set on doesn’t mean there isn’t another one out there that will perfectly fit your needs and wants.

 

 7. Buying a home if you plan to move again soon.

You don’t want to buy property and automatically assume you’ll be able to rent it out or sell it when you leave. If you have to move soon after buying, you could be putting yourself in financial trouble, paying mortgage payments on a place you no longer live in.

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How To Get The Lowest Mortgage Finance Rate

Source: totalmortgage.com

Source: totalmortgage.com

 

So you’re ready to begin the home search? First you’re going to need to get pre-approved for a mortgage loan. Michael Jablonski, the executive vice president for BB&T Mortgage in Wilson, NC says, “first, figure out the best loan product to meet your financial goals, and then you can start looking for the most competitive mortgage rates.” Before you start shopping around though, here are 10 things you can start doing now to get you the lowest rate possible.

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Buyer Beware: Unpermitted House Work

source: lauderdalelakes.org

source: lauderdalelakes.org

 

When you decide to do any major home improvements, it’s necessary to first get a work permit. These permits and codes exist to protect the homeowners. Improper installations and renovations have been known to be a leading cause of deaths from fires, carbon monoxide poisoning and structural failure. With this said, many homeowners do not feel the need to get a permit because of the time it may take to obtain one.

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The Extra Costs of Buying a Home

source: imagehomeimprovements.com

source: imagehomeimprovements.com

 

Buying a home is a huge life decision and an enormous financial commitment. And it could be even more expensive than you originally planned! Buying a house is more than just affording the mortgage. Between buying costs, moving costs, utilities, purchases, insurance, maintenance and renovations, things can really add up. Here are some things you should be planning for before buying a home.

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The Emergence Of The Smart Home

source: Business Week

source: Business Week

 

It’s 6:00am. Your alarm clock starts making the familiar beeping sound that signals it’s time for you to get up and start your day. But before your wake up call even sounded, your home was able to sense that you’d be getting up shortly. So it turned the thermostat up a bit and started brewing a fresh pot of coffee. As you clamber out of bed and over to the kitchen, you’re notified of how your schedule is looking for the day and anything that needs to be taken care of. Urgent emails and messages are read to you as you’re preparing for the day. No longer are mornings a battle with the snooze button, but instead, skillfully orchestrated perfection.

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When Should I Hire A Property Management Service?

source: sirona-bg.com

source: sirona-bg.com

 

Property Management services can be hugely beneficial and save you both time and money, if you choose the right one. If you’re like most property owners and enjoy the monetary investment you receive from renting the property out but don’t actually have any interest in doing the legwork of finding the right renters, collecting rent and maintaining the premises, then a property management service is probably right for you.

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First-Time Home Buyer? Read This First!

Source: The Connected Times

Source: The Connected Times

 

Deciding to buy your first home can be both exciting and overwhelming. This decision is usually provoked by new life events such as getting married or having a baby, and in the craziness of it all it’s easy to get carried away with dreaming of living in your future dream home together. Before you’re able to start your search though, there are some important steps you need to take.

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9 Tips for Photographing Real Estate

source: adorama.com

source: adorama.com

 

Nowadays, most individuals start their real estate search online. Most people will skip right by listings with poor or no photographs. This makes real estate photography incredibly important in the marketing of your property. Here are some tips to get better photos that will lead to more buyer interest and hopefully a quick sale!

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