Are you looking to buy a home during the Spring? If yes, this article will provide you tips on how to successfully buy a home during the busiest real estate season- Spring.
Spring is the busiest real estate season because buyers are going from property to property to calculate the best deal based on mortgage pre-approval funds. Often during this season home sellers whom have been renovating for months finally put their homes on the market for sale. Some examples of renovations are fences, budding gardens and hard wood floors, all of which buyers value when shopping for their dream homes.
While this can be an exciting time to buy a home, spring also gives home sellers the option to make a home look great but have hidden problems to it. Here below are ways to be a smart and successful first-time buyer of a home:
Home renovation is a very thriving $300 billion industry in the United States (U.S). Some homes will be put on the market at an overvalued price. Some basic renovations that should be in the norm of market prices are freshly paint rooms, new flooring or molding and light fixtures. These jobs can be done in a weekend.
When looking for homes do not fall in love with the book covers, open the books. Look at the corners of the walls for cracks (usually painted over). Look for gaps in flooring and the walls. If something looks out of place, take a second look. Often home sellers will do anything to make a home hide flaws to sell it. It is highly recommended that you bring a level with you to a view a home. Use the level to see if countertops, shelves and ledges are completely flat.
If surfaces are warping or uneven, there might be water or foundation damage.
Beware of Home Staging
Home Staging has become very popular to give homes on the market an illusion of being in perfect condition and raising profit from sale to 15% more than without staging.
Here are some questions to ask so you will not be fooled during a home staging:
· How old is the home?
· When was the furnace installed and last inspected?
· What are the average annual property taxes?
· Does the neighborhood have a high crime rate?
· What are the utilities costs for each season?
· Do any of the appliances have warranties?
Never be afraid to ask questions. It is better to know what you can expect before placing a deposit and signing paper work.
Successfully and wisely buy a home this Spring with Jeremy Walsh Real Estate.
If you have any questions, please contact Jeremy Walsh Real Estate by calling 443-610-5722 or click here today!
You need to be exclusively represented and have Jeremy Walsh (located in Baltimore, Maryland) on your side to handle all of the important details for you!
Source: Tips For Spring Home Buying