REAL ESTATE TIPS 110: You Can't Win if You Don't Play!

Buying a home is one of the biggest purchases most people will ever make. For some, it can be a lifetime commitment. The task of choosing the right home to fit your specific needs can be nerve wracking and a bit intimidating, especially for a 1st time buyer. While it can be a stressful decision to make, you have to be willing to take a chance on yourself, being afraid to make a move could cause you to lose out on the property that's right for you. Even though it can be stressful playing the real estate game, you can't win if you don't play! 

REAL ESTATE TIPS 109: Communication Is Key!

In a real estate transaction communication between the parties involved can either make or break a deal. If all parties are able to communicate with one another most issues can be resolved in a timely manner, making it easier to get the deal closed. When there is a lack of communication between realtors, lenders, and attorneys it can make the simplest task almost impossible to complete which can delay or even prevent a deal from closing. There are so many moving parts in a transaction, it's important that everyone is on the same page throughout the process, proper communication is key!

REAL ESTATE TIPS 108: You have to flip a few stones...

When searching for a home many buyers get discouraged when they don't immediately find the perfect property. You see a property that has this but not that, perfect house but wrong location, perfect location but wrong house, it can seem like an endless cycle of disappointment. The worst thing a buyer can do in this situation is give up. Staying vigilant and optimistic can really make all the difference while navigating the housing market. Like many things in life you might have to flip a few stones before you find that diamond!

REAL ESTATE TIPS 107: Anticipate the Unexpected

When purchasing a home there are numerous fees and charges that must be paid prior to and at the closing, these fees and charges are known as "closing costs". Aside from your down payment (if you're taking out a mortgage loan) there are cost that include appraisal, title insurance charges, mortgage origination fees, property transfer fees and many others that must be paid in order to close your transaction. In most residential transactions closing costs can range from 2-5% of the purchase price, I usually advise my clients to anticipate 5% due to the fact that there are different factors that effect the amount you'll need in closing costs as every transaction is different in many ways. It's better to be over-prepared, if you come out with money left you can treat yourself to something nice!