Investors could benefit from reading this article as well. You never know how many people have a key and could possibly get into a home you are working on and swipe tools or new appliances. The section for checking for plumbing leaks could also save a lot of money and problem solving later. Whether you are fixing up the home to resell or are going to rent the home after repairs or updating, the new buyers or tenants will want to feel comfortable that there are no leaks or pests in the home.
4 Reasons to Buy a Home Now
The fall may be notorious for a slowdown in the housing market. But for home buyers that shouldn’t mean they should go to an early hibernation. For home shoppers, the fall likely will be the best time to buy.
Read more: Study: Real Estate Cheapest in Fall, Winter
Realtor.com® recently highlighted several reasons why the best time for your clients to buy is right now:
1. Lower home prices.
October can offer the best month for home deals, according to research by RealtyTrac of more than 32 million home sales over the last 15 years. In October, home buyers paid 2.6 percent below the estimated market value at the time for their homes, the study shows. In other words, on a $300,000 home, they could save $7,800 by purchasing it in October.
2. Less competition.
The home buyer rush from the summer days is over. Home shoppers this summer who were rushing to find a home before school started have already found one. Fall home buyers will have less competition. “Many folks will drop out of the market until after the new year,” says Bill Golden of RE/MAX Metro Atlanta Cityside.
3. More leverage.
Home sellers in the fall may be more pressed to sell. They are “generally people who need to sell, which can make for better negotiations for the buyer,” Golden says. The longer a home lingers, the more negotiating power the buyer likely will have. Plus, some sellers may want to get settled in their new home before the holidays and have more incentive to make a deal sooner rather than later.
4. Year-end tax credits.
Home buyers who close on a home by the end of the fiscal year may find a nice tax deduction awaiting them on April 15. They may be able to deduct closing costs, property tax, and mortgage interest to offset their taxable earnings.
Source: “7 Reasons Fall Might Just Be the Best Time to Buy a Home,” realtor.com® (Sept. 30, 2016)
6 Things Everyone Should Do When Moving Into a New House
Skip potential trouble by doing these 6 things.
COURTNEY CRAIG is an Atlanta-based writer and editor. Follow Courtney on Google+. Image: Raymond Forbes LLC/Stocksy United.
When I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment. That meant I could take my time packing and moving, and I could get to know the new place before moving in.
I recruited family and friends to help me move (in exchange for a beer-and-pizza picnic on the floor) and, as a bonus, I got to pick their brains about what first-time homeowners should know.
Their help was one of the best housewarming presents I could have gotten. And thanks to their expertise and a little Googling, here’s what I learned about what to do before moving in.
Change the locks
You really don’t know who else has keys to your home, so change the locks. That ensures you’re the only person who has access. Install new deadbolts yourself for as little as $10 per lock, or call a locksmith — if you supply the new locks, they typically charge about $20 to $30 per lock for labor.
If you can move at another time, it might be better. Here is why…
Curb appeal is a reflection of the owner’s care for their home, and it’s the first thing people see. A neatly trimmed lawn, well-maintained shrubbery and clean exterior areas show the owners’ pride in their home.
If you want to maximize the value of your home, you need to focus some effort on improving the curb appeal. First impressions can make a significant difference when it comes to selling your home. Improving the exterior of a property may not be as exciting as trying to figure out what to do with the kitchen, but in many ways it is more important. At first glance, you want your property to have a wow factor.Do these things to give the impression of a well maintained home. READ ARTICLE BY TRULANDING.COM
You could save 10-30% on your monthly electric bill by using a smart home connected products. Smart homes features include HVAC automation, Security automation, curtains/blinds and lighting. Smart grid technology uses a wireless thermostat. These gadgets (examples below) are connected to the home network with thermostats and smart meters. By connecting with the electric grid, smart meters can act on real-time pricing to change home energy usage patterns, like adjusting the air conditioner during times of high prices. Examples of smart home gadgets are Google (Nest Thermostats; Smoke + CO Monitoring), Samsung (SmartThings) and Apple (Homekit).
Smart homes use wi-fi or blue-tooth to control, optimize and automate temperature and lighting. Smart home technology also incorporates security and entertainment but with cyber crimes on the increase, it may not be worth the investment to incorporate your home security quite yet.
It’s natural to ask your parents for their input if you are thinking about buying a home for the first time. Although they may have valuable advice to share, be mindful that the times have changed from when they bought their first home to now. Read the article and watch the video to see the differences in purchasing a home in 1985 and now.
There is a lot to consider when you decide to buy a home, especially if it is your first. How much home you can afford? What kind of loan should you choose? Which neighborhoods are both affordable and a good investment? These are just a few of the questions you’ll be asking yourself. But with an experienced agent to help you, you’ll get the guidance you need to come up with the right answers−and a home you love. Read more
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