Bruno Real Estate Advisors' Blog
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The process of buying a home is anything but cut and dry. There will undoubtedly be some twists and turns along the way. First, you need to be pre-approved for a mortgage. Then, you’ll need to find a home that fits both your needs and your budget. Finally, you’ll put in an offer on a place and hope for the best throughout the rest of the process.
There are plenty of things that you can do as a buyer to make buying a home both easier and more streamlined. Below, you’ll find some of the best tips that are specifically for those seeking to buy a home.
Give Them An Offer They Can’t Refuse
When there is a low quantity of homes and a high number of buyers, competition can get fierce. When the market is like this, you’re not guaranteed to get a property that you put an offer on. It may take making several offers on homes in order for you to finally get the keys to your dream house.
You never want your offer to be too low. A low offer could be insulting to sellers and instead of being countered, could just be outright refused. Make an offer too high and you still have a problem. A high offer may be accepted, however, it’s not going to be approved by your mortgage company for you to borrow that much for the purchase. If an offer is accepted and a home appraises for less, you may be left with thousands of dollars that you need to pay on the spot in order to secure the home.
The best way to present an attractive offer is to work with an expert realtor who can do the appropriate research and let you know what a good offer on the home would be.
Know Your Contingencies
After an offer on a home has been accepted, you need to get to work on the contingencies that you’re going to want on the home. Your realtor will also be a huge advocate in this area. Contingencies will include things like the right to do a home inspection, the appraisal contingency, and the contingency that you’ll only be able to move forward with buying the home if you have appropriate financing. These protect you as a buyer so that if something falls through, you’ll be able to back out of the deal without a penalty.
Don’t Go Credit Happy
Once your offer is accepted and your financing is in place, don’t head out to buy tons of new furniture and appliances for your new home. Your credit matters until you get the keys to the house. Opening new credit cards or adding significant debt can affect your credit score negatively, possibly putting a damper on your home purchase. Hold off on making purchases until after you move into the house.
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Many homeowners or soon-to-be homeowners are anxious about making big purchases online. However, there’s a lot to be said for the perks of online shopping for things like furniture and appliances for your home.
As technology progresses and more and more retailers build their online presence, the selection has never been bigger. That’s why we’re going to show you how to find the nicest furniture and appliances online, get the best deals, and ensure that you’re buying from a trustworthy seller.
Read on for our tips on online appliance and furniture shopping.
The efficiency of online shopping
If done correctly, shopping online is much faster than driving to your local furniture store. The best way to achieve this is to know exactly what you’re looking for before ever opening up your browser. This will help you avoid scrolling endlessly through Ikea’s or Best Buy’s websites wondering what’s worth clicking on.
You’ll need to determine the following:
Your budget. This will narrow down the selection immensely and keep you from dreaming about unnecessarily expensive items.
Your style. Is there a specific color that you’re hoping to match? Does your furniture need to meet a specific style, such as mid-century modern? Using these search terms will help you find very specific results.
Practicality. There’s a difference between buying a washing machine and refrigerator for yourself and buying one for a family of five. Knowing the size and load specifications you need will help you narrow the search.
Take advantage of user reviews
One of the immense benefits of online shopping is the wealth of reviews that can be read. User reviews help the consumer and the company--it tells the company what products people prefer and it tells the consumer if the product met the description and quality standards of other customers.
It’s best to purchase items that have a higher number of positive reviews. A refrigerator that has a single five-star review might be of good quality, but I would trust that the refrigerator with twenty four-star reviews is consistently a top-quality item.
If you’re buying from a smaller online store, check out reviews for the retailer itself. Websites like Yelp and Google+ are both good places to look before hitting the “checkout” button.
Try before you buy
The internet is just one tool used for online furniture and appliance shopping. If possible, make a list of your favorite products and visit a local retailer who has them in stock. This will allow you to compare how the products look and feel in real life, as sometimes photos don’t quite portray the color and texture correctly.
This is also a good time to make sure the items are sized correctly to fit your home. Before leaving for the store, measure the space you have to work within your home. Remember that there often needs to be room behind your appliances for wiring. At the store, check to see if the products you looked at online will meet your space requirements.