Should You Buy A Home Listed “As-Is”

homeAfter the recent housing crisis, buyers were seeing more and more homes listed “as-is”.  This is a strategy that was being used to benefit sellers, but what was not always clear was whether or not this was a good deal for buyers or something that would pose problems later, states Dean Graziosi.

In legal terms, “as-is” is typically used to cover more than the reluctance on the seller’s part to make the necessary repairs that the home may need.  It is also used to release the seller from any liability or responsibility for the current condition of the home.  This means that the buyer purchases the home without a guarantee that it does not have any major problems.

In the majority of cases, there is a reason why a seller chooses to sell their home in “as-is” condition.  This makes it even more important for potential buyers to have a professional inspection performed on the property.  You should choose an inspector who is experienced, and will know what to look for during the inspection process.  An inspection is a valuable source of information for buyers; it can provide them with information relating to problems with the property and may even show them areas that may become an issue in the near future.  If you’re interested in a home listed “as-is” you should always have an inspection performed.

When purchasing a home listed “as-is”, it is important that the buyer understand that repairs on the home will likely not be made.  If the home is an REO, which is a home that is owned by a bank, it may be possible to negotiate some type repairs being performed.  This is especially true if the repairs will be taking care of any safety issues in the home.  Repairs may also be made if there are government mandates that must be followed in order for the home to be sold.

If you’re a buyer who has the ability and funds necessary to make some of the repairs needed, then you may not have a problem purchasing an “as-is” home.  However, if you do not have the necessary knowledge or skills, the purchase of an “as-is” home may become rather expensive.  Once you finalize the sale of the home, it is your responsibility to maintain and repair, which means that you should only make the decision to purchase after you have thoroughly thought over everything that is involved in the process, states Dean Graziosi.  Purchasing an “as-is” home is not a decision that should be rushed into, it should only be done after you have decided it is something that you can financially live with.

How to Check Local Crime Rates

crimeMoving to a new city can be one of the most stressful events in anyone’s life.  Not only do you need to pack up all of your belongings, you also need to find and purchase a new home.  One of the most questionable aspects of the process can be the type of neighborhood you’re moving to.  Dean Graziosi recommends that anyone who is planning on moving to an area they are not familiar with, conduct some research into the crime statistics in the area.

Reviewing crime statistics for the new city you plan on moving to is a great way to get an idea of the residents and community in that city.  These statistics can also help you choose an area that will better suit you and your family.  If you are planning on opening a new business once you relocate, these statistics can also help you choose an area that will be best suited to the type of business you plan on opening.  If you notice that an area you are interested in buying in has a higher than average crime rate, you may want to entertain other options.

Viewing local crime rates can also help you discover how property values may be affected by higher levels of crime.  By accessing different online websites, you will be able to form an opinion on any neighborhood you may be interested in relocating to.  You will also be able to investigate how many, if any, registered sex offenders may be in the immediate area.  This is an especially important statistic for homebuyers who have young children.  Checking local crime rates is something that every potential homebuyer should do when relocating to a new city, states Dean Graziosi.

Prospective homebuyers who are relocating to a new city can easily access detailed crime maps online that will provide them the number and types of crimes that occurred during any given time.  You can also find out how often these types of crimes occur and which areas are more prone to experiencing certain types of crime.  When you access any of the crime maps available online, you will notice that each map will contain a color key that corresponds to each of the different crimes listed on the map.  This will explain the type and frequency of the crimes committed in that particular city.  This is by far, one of the most easily accessible and important tools that prospective buyers should access before they make a decision on any particular city.

Relocating to a new city can be extremely stressful, especially if you are not familiar with the area.  With the use of these helpful online crime statistic tools, you will be able to make an educated and informed decision on the area you are planning on moving to.

How To Find A Real Estate Agent You Will Enjoy Working With

agentThe longevity of the relationship between you and your real estate agent depends on your ability to get along and have some type of chemistry.  While that may sounds like the requirements for a romantic relationship, they do tend to be based on the same key principles.  Chemistry and good communication between both parties is extremely important.  Dean Graziosi has shared some help tips to ensure that you find a real estate agent you enjoy working with until your deal is closed.

In today’s technologically driven world, it has become common for many prospective buyers to begin their search online long before they ever contact an agent.  During this time, as a buyer you should ask your friends and family if they have an agent that they enjoyed working with.  It is recommended that you gain some insight into your local market before you contact an agent.  This will allow you to become familiar with what is available and what the asking prices tend to be.  Once you have determined what you want and what you can afford, you should then contact an agent and begin the formal home buying process.

The next step in ensuring that you have found an agent that you can imagine working with for possibly months is to take it slow.  Take some time to get to know them and learn about their experience and history in the real estate market.  This will provide you valuable insight into whether or not you are a good fit for each other.  The process of purchasing a home can be rather emotional for some buyers, which is why you need to trust that your agent will be supportive during the process.  You are also going to be sharing a lot of your financial and personal information with this person, this means that you need to have some level of trust that you are comfortable with.  Rushing in and simply working with the first agent you contact may be a mistake you come to regret later, take your time and choose the agent that is right for you.

Another key to building a successful relationship with your agent is the ability to communicate clearly with each other.  This is perhaps the most important element of the relationship.  You should be upfront from the beginning on what you expect from them and what they can expect from you.  Don’t hesitate to express any concerns you may have during the process.  You will be spending a lot of time together, so the better you are able to work together the more successful your relationship will be.  And when it comes time to part ways, you will be able to part on good terms.

Selling Your Home in the Winter

sellingDean Graziosi shares that it is traditional for spring to be the primary home buying season, while this may be true, you can also successfully sell your home during the winter season as well.  Although it may be a bit more stressful than selling during the prime buying season, it can be done.  While your yard may not be a large selling point when it is covered with snow, it can still stimulate the imagination of potential buyers who can imagine their own landscaping in the yard.

Just as you would take care of any exterior cosmetic issues during the warmer selling months, you should also do the same when selling your home in the winter.  Small upgrades can make all the difference when selling your home in the winter.  Cleaning up any debris that may have fallen in your yard and ensuring that all the walkways and driveways are free of ice can greatly increase the visual appeal of your home.  If it is possible, you should clear out any dead plants or shrubbery that may be located in the flower beds or along any walkways surrounding your home.

On the interior of your home you should remove any clutter that may be found on your countertops or tables.  You should also make sure that your carpet is clean and doesn’t show any significant signs of wear.  You should try to make the interior of your home feels as welcoming and charming as possible.  Open your window coverings to allow natural light to enter the rooms and provide a level of warmth to your home.  When showing your home during the evening, you should take the time to create a warm and inviting feel using your table lamps or any floor lamps you may have.  This will provide your home with a comforting and warm glow.

As a seller, you should also ensure that any special features in your home are properly showcased.  This will help ensure that buyers notice these features and they receive the attention they deserve.  To help prospective buyers imagine what the exterior of your home looks like during warmer months, you may want to include a photo portfolio that includes photos of your yard and landscaping when everything is lush and green.  This is a great way to show buyers the potential and the beauty of your yard that is currently covered in snow.

When selling your home, you shouldn’t wait until warmer weather arrives.  You can have just as much success selling your home during the winter as you would during the warmer months.  In fact, you may have a better chance because there tends to be less inventory during the winter than any other time of year.

How to Make Your Home Sell More Quickly

homeSelling a home can take time. You hope it will be bought quickly, but it doesn’t always happen this way. The good news is there are steps you can take to improve its ability to sell. Check out Dean Graziosi’s blog for more information on how to make your home more attractive to prospective buyers.

 

Go for a neutral look. If you have customized your home with lots of bright colors and themes, you may want to consider making a few changes. Potential home buyers will want to imagine their own looks and themes, and colors may cloud their visions of how it should look. Neutral colors and themes will also  mean less work for the buyer who wants to make changes after the house has sold.

 

Remove items that simply aren’t necessary. While you don’t want to eliminate all your furniture, moving some of it to a storage spot or a different location can help sell your home. Less furniture makes the home appear more spacious and creates more walkways for prospective home buyers when they come to view the property. This way, interested buyers will be able to imagine how they will arrange each room.

 

Replace old fixtures and hardware. If it’s been a while since your cabinet knobs and drawer pulls have been switched out for new ones, consider doing this before placing your home on the market. It’s often surprising how much of a difference even the smallest of changes can make.

 

Replace kitchen and bathroom cabinets. If they are relatively new, but may require a bit of work, clean and paint them.

 

Avoid the presence of lingering odors. No one wants to smell something unpleasant when walking into a home that may wind up being theirs. Be sure to take out the trash and remove anything that has a strong smell pleasant or otherwise. Consider lighting scented candles or using scented plug-ins prior to a prospective buyer’s visit.

 

Don’t undertake major renovations just before selling. These take time and are typically quite costly. Remember, you may not make that money back when your house sells. Instead, make the small changes as described above.

 

Make sure the front of your home is presentable. Keep in mind this is the first part of the property prospective buyers see, so how it looks is extremely important. De-clutter the garage or carport, and make sure the yard and all walkways are clean. Rake and bag all dead leaves to give the yard a more pristine look. Mow the lawn and pick up all stray limbs and branches.

 

There are many things you can do to make your home more appealing to buyers. Start by using the information above. You can learn more about this and other real estate topics by visiting Dean Graziosi’s website.