TOM ASH's Blog
A home inspection is one of the final stages of the property buying journey. If an inspection goes according to plan, a buyer may be able to seamlessly close on his or her dream residence. On the other hand, if problems are discovered during a house inspection, these issues may slow down or stop a home sale.
For property buyers, it helps to plan ahead for a home inspection as much as possible. Thankfully, we're here to help you do just that.
Now, let's take a look at three things that every buyer needs to know about home inspections.
1. A home inspection typically is performed after a seller accepts a buyer's offer to purchase.
With a home inspection, a buyer can review a house with a property expert and identify any underlying problems. If a buyer finds problems during an inspection, this individual can rescind his or her offer to purchase, modify the offer or move forward with a home purchase.
It typically helps to hire a highly qualified and experienced home inspector. By having a skilled home inspector at your side, you can gain the insights you need to determine whether a house is right for you.
2. A buyer is not required to go to a home inspection, but it generally is a good idea to attend.
Usually, a buyer, his or her real estate agent and a home inspector will walk through a house together during an inspection. It also is important to note that a buyer is not required to go to an inspection, but in most cases, it is a good idea for a buyer to attend.
A buyer who attends a home inspection may be able to receive home insights that he or she won't necessarily find in a house inspection report. As such, this buyer can obtain the house insights that he or she needs to make an informed homebuying decision.
3. A home inspection may require several hours to complete.
There is no time limit for a house inspection, but an average home inspection takes several hours to complete. After the inspection is finished, a property inspector will prepare a report that details his or her findings and provide it to a buyer within a few days. Then, a buyer will need to review the report and determine how to proceed.
As a buyer gets ready to enter the housing market, and eventually, perform a home inspection, it helps to hire a friendly, knowledgeable real estate agent. This housing market professional can help a buyer find the right home, submit a competitive offer to purchase and conduct an in-depth home inspection. And after a buyer completes a successful home inspection, a real estate agent will help this individual navigate the final stages of the property buying journey.
Simplify the homebuying process – employ a real estate agent, and you can get the help you need to locate and purchase your ideal residence.
Let's face it – hosting an open house may seem like a major hassle. Cleaning a home and getting it ready for an open house could prove to be costly and time-consuming. Plus, despite your best efforts to prep for an open house, there are no guarantees that the event ultimately will help you sell your residence.
Although hosting an open house initially may seem difficult, the advantages of holding an open house generally outweigh the disadvantages. In fact, there are many reasons why you should host an open house, and these include:
1. You can gain a competitive edge.
The real estate market is fierce, especially for sellers who are competing against one another for buyers' attention. Fortunately, an open house can help you gain an advantage over the home selling competition, as it enables you to show off your residence to large groups of potential buyers in a short period of time.
When it comes to selling a home, it helps to explore any competitive advantage that you can get. And if you host an open house, you may boost your chances of differentiating your home from the competition and generating lots of interest in your residence.
2. You can make it easy for buyers to picture what life would be like if they purchase your home.
A detailed home listing can make a world of difference for buyers. Yet a home listing alone probably won't drive buyers to instantly submit an offer to purchase your residence. Thankfully, an open house provides buyers with a stress-free opportunity to check out your house and determine whether to proceed with an offer.
Of course, during an open house, buyers can picture what it would be like if they own your residence. And if buyers like what they see, it may be only a matter of time before you finalize a home sale following an open house.
3. You can increase the likelihood of a fast, profitable home sale.
As a seller, you should strive to promote your residence to as many potential buyers as possible. With an open house, you'll be able to do just that.
An open house makes it simple to showcase your residence to dozens of prospective buyers at the same time. Meanwhile, the event empowers buyers to learn about your residence and gain deep insights into the condition of your house. And if a buyer is impressed with your residence after an open house, the likelihood increases that an offer could come your way soon that leads to a fast, profitable home sale.
As you try to sell your house, you may want to hire a real estate agent too. A real estate agent knows the ins and outs of selling homes and can teach you everything you need to know about how to host a successful open house. Perhaps best of all, a real estate agent can help you achieve the optimal results at each stage of the home selling journey.
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Obtaining a home loan is a must for most homebuyers. However, assessing a wide range of home loan options and making the best-possible decision can be difficult, particularly for a buyer who is evaluating these options for the first time.
Lucky for you, we're here to help you perform a deep analysis of home loan options and make an informed decision.
Now, let's take a look at three tips to help you evaluate different home loan options.
1. Find Out How a Home Loan Works
The home loans that one lender offers may differ from the options provided by another lender. As such, you'll want to learn the ins and outs of each available home loan to guide your decision-making process.
Understanding how a home loan works may make it easy for you to discover your dream house too.
For example, if you get pre-approved for a home loan, you can enter the real estate market with a budget in hand. You then can use this amount to narrow your house search, which may lead to a fast, seamless homebuying experience.
2. Understand All of the Costs
The total amount that you pay each month under the terms of a home loan agreement may vary based on a variety of factors. Fortunately, if you understand all of the costs associated with a home loan, you may be able to find a loan that matches your finances.
Review all of the paperwork associated with a home loan as well. That way, you can find out the length of a home loan agreement and other relevant home loan information and proceed accordingly.
3. Get Expert Home Loan Insights
There is no such thing as "bad" questions about home loans. And if you're uncertain about how to proceed with a home loan, you can always receive expert guidance from a lender.
Oftentimes, lenders employ friendly, knowledgeable home loan specialists who can respond to your concerns and questions. If you meet with these specialists, you can get comprehensive home loan insights that you may struggle to obtain elsewhere.
As you get ready to pursue a home loan, you also may want to consult with a real estate agent. This housing market professional can help you get in touch with the best lenders in your area and secure a home loan in no time at all.
Of course, let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either.
A real estate agent will serve as your guide to buying a house. He or she will help you hone your home search, explore top-notch residences in your city or town and find a residence that matches your expectations. Plus, a real estate agent will even negotiate with a seller's agent on your behalf to help you get the best price on your dream house.
Ready to make your homeownership dream come true? Use the aforementioned tips, and you can secure a home loan and take the next step toward purchasing your ideal residence.