Jonathan Parker & Sharon Kelley's Blog
If you're looking to buy a new home, there's no reason you should be limited by your geographic area. In today's digital world, buying a home in another city, another state or even in another country has never been easier or more convenient. Additionally, when you buy a home remotely, you're not limited by property values in your own area. This may be especially beneficial to home buyers who currently live in high-value areas but who are looking to downsize or to lower their monthly mortgage payments.
By conducting your home search remotely, you can find the most house for the lowest price, regardless of where it's located. We've compiled the top three reasons why you might want to consider conducting your next home search from the comfort of your easy chair.
Moving Closer to Family
Getting out and on your own may have been a dream right out of college, but once you begin having children of your own, and work responsibilities begin piling up, having family living just down the street can be a lifesaver. Moving closer to family may also be more convenient for home buyers whose parents are aging and increasingly in need of help. By conducting your home search remotely, you can view all available homes near loved ones without ever leaving your house.
Relocating for Your Career
You've worked hard for your career, and the most irresistible promotions often involve relocation. When the time comes, you won't have to trust the company to find you suitable accommodations. With a remote home search and the help of a local real estate agent, you can easily find the home of your dreams regardless of where work sends you.
Purchasing an Investment Property
Flipping houses requires know-how, experience, and a large serving of luck. And when you find that perfect property that's selling for peanuts, timeliness matters. When it's not possible to fly out and look at a prospective income property, buying remotely is the only other option. Better still, it gets your foot in the door fast -- maybe even before local investors have time to make an offer.
If you've been thinking of moving out of state, across town, or to the other side of the world, consider doing a remote home search to see what pops up. You'll be surprised at how easy it is to work with an experienced real estate agent over the phone or through email. You may find that housing values in your target area are much more affordable than they are where you're currently living, and that's a win-win for everyone involved, regardless of why you've decided to buy.
Buying a home should be an unforgettable journey, one that enables you to purchase a high-quality house at a budget-friendly price. If you start planning for the homebuying journey today, you may be able to reduce the risk of encountering homebuying hurdles as you attempt to acquire a first-rate house.
Ultimately, there are many important decisions for homebuyers to make before they enter the real estate market, including:
1. Where Do I Want to Live?
As a homebuyer, you'll want to know where you want to go so you can map out your property buying journey.
Consider your current and future plans before you enter the housing market – you'll be glad you did. This will enable you to consider where you'll be in the next few months and years and plan accordingly.
For example, if you currently work in the city and intend to stay at your present job, you may want to search for a home that makes it easy to commute to work.
On the other hand, if you plan to start a family in the foreseeable future, you may want to consider purchasing a home near various top-notch parks and schools.
2. How Much Can I Spend on a House?
You know that you'd like to become a homeowner, but how much can you afford to pay for a residence? Meet with several banks and credit unions, and you can start budgeting for a home.
Banks and credit unions can help you get pre-approved for a mortgage. Then, with a mortgage in hand, you can enter the real estate market with a good idea about how much you can spend on a residence.
Many banks and credit unions are available, and they are happy to teach you about the ins and outs of numerous mortgage options. Plus, lenders will respond to your mortgage concerns and queries and help you make an informed mortgage decision.
3. Will I Need to Hire a Real Estate Agent?
If you're on the lookout for your dream home, why not hire an expert to guide you along the homebuying journey? With a real estate agent at your side, you can take the guesswork out of finding and purchasing your ideal residence.
A real estate agent will provide expert support at each stage of the homebuying journey. As such, he or she will help you set realistic expectations before you begin your search for your dream house.
Perhaps best of all, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. This housing market professional will even offer expert real estate insights that you might struggle to obtain elsewhere.
When it comes to purchasing a house, there is no need to leave anything to chance. Fortunately, you can hire a real estate agent to help you along the homebuying journey and simplify the process of going from homebuyer to homeowner.
Enjoying a seamless home buying journey may seem virtually impossible, particularly for a first-time property buyer. Fortunately, there are lots of things you can do to boost the likelihood of quickly and easily finding your dream house, such as:
1. Hone Your Home Search
Consider where you want to reside and the features you want to find in your ideal residence. That way, you can hone your house search accordingly.
As you review potential home destinations, consider your short- and long-term goals. For instance, if you want to work in a big city, you may want to search for houses in or near a city that matches your expectations. Or, if you intend to start a family soon, you may want to pursue homes near parks and other family-friendly attractions.
Furthermore, make a list of home features you want to discover in your dream house. With this list in hand, you can focus on finding a home that you can enjoy for years to come.
2. Get Pre-Approved for a Mortgage
A mortgage usually is a must-have for a homebuyer. If you enter the real estate market with a mortgage in hand, you could speed up your house search.
Meet with a variety of banks and credit unions. This will allow you to learn about myriad mortgage options.
In addition, don't hesitate to ask mortgage questions. A mortgage sometimes is confusing, and as such, it helps to get plenty of information about a mortgage before you start a house search. If you consult with mortgage specialists at banks and credit unions, you can gain the insights you need to make an informed mortgage selection.
3. Establish Realistic Expectations
Although you likely want to find your dream residence as quickly as possible, it is important to remember that the home buying journey often has ebbs and flows. If you establish realistic home buying expectations, you can avoid potential disappointments as you search for your ideal residence.
Sometimes, it helps to consider the worst-case home buying scenarios. If you plan ahead for these situations, you can determine the steps you will need to take to avoid them altogether.
You may want to collaborate with family members and friends during your home search as well. With loved ones at your side, you can receive plenty of support and guidance as you conduct a home search. Plus, your loved ones can help you keep things in perspective, even if the home buying journey becomes stressful.
When it comes to finding and buying a home, you may want to employ a real estate agent, too. A real estate agent understands the ins and outs of the home buying journey. They will learn about you and your home buying goals, and help you plan properly. Thus, a real estate agent can provide you with the support you need to enjoy a seamless home buying journey.
Ready to conduct a successful home search? Take advantage of the aforementioned tips, and you can navigate the home buying journey like a pro and quickly discover your dream home.
You've found your dream home – at least, you initially thought you discovered your ideal house. But following the home inspection, you're starting to have second thoughts about whether you want to purchase a particular residence.
A home inspection is a valuable opportunity for a homebuyer. It enables a buyer to receive expert insights from a property inspector about a house's age and condition. Thus, if a home inspection reveals myriad problems with a residence, a homebuyer still has an opportunity to walk away from a home sale.
Ultimately, there are many factors for a homebuyer to evaluate after a home inspection, including:
1. The Home's Condition
When it comes to evaluating a home's condition, there may be more than meets the eye. Fortunately, a home inspection enables a property inspector to take a deep look at a house's interior and exterior and provide detailed findings.
If a home's condition fails to match your expectations, don't hesitate to walk away from a home sale. By doing so, you can reenter the housing market and begin your search for the perfect residence once again.
On the other hand, if a home's condition is not a deal-breaker, feel free to move forward with a home sale. And in a short period of time, you'll likely soon be the owner of a great house.
2. The Home's Age
A home's age may dictate whether substantial home repairs or improvements may be needed down the line.
For example, a home's furnace usually needs to be replaced every 10 to 15 years. If a 30-year-old residence still has its original furnace in place, this device may need to be replaced sooner rather than later.
A home inspection should provide clear-cut insights into potential home improvements that you may need to perform in the near future. Use these insights to your advantage, as they may help you if you try to renegotiate the price of a house.
3. Long-Term Home Improvements
Spend plenty of time with a home inspector and don't hesitate to ask this professional plenty of questions. Remember, he or she is available to help you make an informed homebuying decision. And if you learn about potential long-term home improvements now, you may be able to avoid severe home problems down the line.
If a home inspector discovers roof problems or other substantial house issues, take his or her recommendations seriously. That way, you can avoid the danger of buying a "money pit," i.e. a house that may prove to be more trouble than it's worth.
Lastly, if you need help at any point during the homebuying journey, reach out to a real estate agent. This housing market professional can put you in touch with the best home inspectors in your area and allow you to minimize stress throughout the homebuying cycle.
Ready to make your homeownership dreams come true? Consider the aforementioned factors after a home inspection, and you can move one step closer to purchasing a terrific house at a budget-friendly price.
Setting up and completing a home inspection may seem like a long, arduous process. However, an inspection is a must-have for any homebuyer, at any time.
With a comprehensive home inspection, you can identify any potential problems with a house. And if you don't like what you find in an inspection report, you can always ask a home seller to complete improvements or reduce his or her asking price. Or, if you prefer, you can walk away from a home sale altogether.
Ultimately, there are several steps that you'll want to follow to conduct a home inspection, and these are:
1. Find an Expert Home Inspector
When it comes to a home purchase, there is no need to leave anything to chance. Fortunately, if you hire an expert home inspector, you can avoid the risk of missing possible issues during a home inspection.
Not all home inspectors are created equal, so you'll want to evaluate all of the options at your disposal.
To kick off your search for a home inspector, browse the web. This will enable you to find dozens of home inspectors in your area and assess online client reviews.
Also, don't hesitate to ask a home inspector for client referrals. If you obtain client referrals, you can better understand whether a home inspector can match or exceed your expectations.
2. Attend Your Home Inspection
Although homebuyers are not required to attend a home inspection, it generally is a good idea to walk with a home inspector as he or she examines your residence. By doing so, you may be able to gain home insights that might not be included in a home inspection report.
A home inspector may notice home problems that range from minor to severe. The inspector's job is to identify a problem and include it in a home inspection report.
If you attend a home inspection, an inspector may be able to provide you information about potential home problems, along with an estimate about how much assorted home repairs may cost. That way, you are better equipped than ever before to determine whether potential home problems could deter you from buying a house.
3. Evaluate the Home Inspection Report
A home inspection report can play a key role in the homebuying process. If you evaluate this report closely, you can learn about a home's strengths and weaknesses and decide whether to proceed with a home purchase.
If you have questions regarding a home inspection report, you can always follow-up with the inspector that provided the assessment. This will allow you to obtain the insights that you need to make an informed homebuying decision.
Lastly, it certainly helps to collaborate with a real estate agent before, during and after a home inspection. A real estate agent will guide you along the homebuying process and ensure that you can get the best possible results.
Follow the aforementioned steps, and you should have no trouble conducting a home inspection.