Housing starts and sales of existing homes are also increasing at a healthy clip. With that in mind, here are five steps shoppers should take before buying homes for sale.
- Learn about the neighborhood
If you are genuinely interested in a property, it behooves you to find out more about it online. In addition to demographics and population statistics, you will want to know about local developments and events. You might also visit a few community sites and blogs to get a better idea of how locals feel about their city or town.
- Examine the crime rate
Even if you’re moving to a relatively safe suburb, it’s always a good idea to look into local crimes. Crimes statistics can give you a much clearer picture of how the town deals with illegal activity.
- Check the school district
Even if you don’t have kids, homes for sale in bad school districts are generally harder to move. As a result, they often have lower resale values than abodes with access to better schools. To protect your investment, make sure you look into local academics.
- Get a home inspection
If you’re thinking about buying an existing home, chances are it has issues. From a leaky roof to a crack in the foundation to mold in the cellar, problems should be identified before you make an offer on homes for sale. An experienced home inspector is an invaluable resource for both buyers and sellers. He or she will make a detailed list of all existing and potential problems. Whether you are a first-time buyer or a real estate wildcatter, use these simple tips to get great deals on homes for sale.
Houses for sale in a competitive market
In the current market where there are many houses for sale to choose from, it is of utmost importance that you make sure that your home is perfect so that potential buyers want to call it their own. You don’t need to set thousands of dollars into it, just enough to make it look incredible so that it will sell faster.
The first thing you should do is get rid of all the excess clutter. Whether it is by donation, packing it up, having a garage sale, or by throwing it away, get rid of anything that you have not used in the past few months. This way the prospective buyers see the space and the beauty of the house, not your stuff. You can either hire someone or you can do it yourself, but make sure that it gets cleaned well so it will look beautiful for your first open house. As you clean it, you may notice some areas that need repairs that will need to be done before the house is open to potential buyers.
These repairs could consist of repairing any doors that don’t close properly and adjusting any cabinets and drawers that don’t close completely and replacing the handles. You may also need to replace any light bulbs that are burned out, re-caulk tubs and sinks as needed, and check for any cracks in the tiles as well as block any holes or cracks in the walls, ceilings, and windows.
Lastly, look at your home as guests look at it, starting from the outside as this is where the first impression by potential buyers occurs. It must look superior to all other houses for sale in your area.