Jeffrey Lopatin's Blog
A home showing will help you gain the insights you need to make an informed decision about a house purchase. At the same time, you may have many concerns about whether a residence is right for you, even after you complete a home showing.
Ultimately, there are many questions to consider after you finish a house showing to ensure you can make the right choice about a residence, and these include:
1. How did I feel as I walked through a home?
Oftentimes, homebuyers try to envision what life may be like if they purchase a residence. As these buyers walk through a house during a showing, it sometimes can be simple to imagine the possibilities if you buy this residence. On the other hand, it may be tough to envision a future in a particular home if a house fails to match or exceed your expectations.
Think about how you felt as you explored each room in a house during a showing. If you left a home showing with a good feeling about a residence, it may be beneficial to submit an offer or set up a follow-up showing. Conversely, if a home showing left you feeling uncomfortable with a residence, you may want to continue your search for your dream house.
2. Are there any major issues with a home?
Generally, it is a good idea to ask lots of questions about a house during a showing. This will enable you to learn about the condition of a home and determine whether major repairs are necessary.
A home in need of significant upgrades offers opportunities for homebuyers who are looking for a "fixer-upper" house. In fact, if you submit an offer on a fixer-upper home, you may be able to perform assorted repairs to enhance a house's condition and value.
Comparatively, if you are unwilling to perform substantial home upgrades, there is no need to worry. You can always forego submitting an offer on a house after a showing, and by doing so, continue your pursuit for your ideal home.
3. Is a home a viable long-term investment?
As a homebuyer, it is important to find a house that will serve you well both now and in the future. Because if you fail to do so, you risk purchasing a house that will only decline in value in the years to come.
If you feel that a home is a viable long-term investment following a showing, you may want to submit an offer to acquire this residence. Then, if a seller accepts your offer, you can conduct a home inspection and move forward in the homebuying process.
Lastly, as you consider what to do after a home showing, you may want to collaborate with a real estate agent. This housing market professional can help you evaluate the pros and cons of submitting an offer on a particular residence. Perhaps best of all, a real estate agent will offer expert tips to ensure you can find your dream residence in no time at all.
House hunting can be time-consuming. With so many houses currently on the market and so little time to spend visiting homes, it’s important to narrow down your search as much as possible before attending a showing.
Fortunately, in today’s digital world, it’s possible to learn a great deal of important information right from your phone or computer.
In today’s post, I’m going to give you some advice on researching the homes you’re thinking about making an offer on. We’ll talk about researching the neighborhood, and--of course--the house itself.
Putting together all the stats on the home
Let’s start with, arguably, the most important thing to research: the house itself. When you want to learn about a home, the best place to look is usually the real estate listing. Since most of us discover homes through listings, odds are you’re already on this page. However, there’s a lot of information in a listing, so take the time to go through it and gleam whatever you can from the home’s description.
Next, Google the house address and click on listings from other real estate sites. Oftentimes, a house that has been sold before will have multiple listings across the internet with different data.
Once you’ve scoured the listings, head over to the county assessor’s website to look at records of the home’s ownership. This will tell you who bought and sold the home and when. There’s much you can learn from this data, especially if a home is being sold frequently. You can also use this information to contact previous owners to ask them questions about the home that the current owner might not know the answer to.
Snooping around the neighborhood
If the house is nearby, simply driving through the neighborhood can tell you a lot. You can visit the neighborhood during rush hour to see what the traffic is like, for example.
However, it isn’t always practical to take the time to visit a house that you aren’t sure you’re interested in. So, what’s the next best thing? Google Maps.
Visit the neighborhood on Google Maps to see what’s in the area. Are there a lot of closed businesses? That could be a sign of a neighborhood in decline. Check for nearby things like parks, grocery stores, and other amenities that could influence your buying decision.
Next, use Google’s “street view” feature and explore the neighborhood. You can see what kind of shape the other homes are in, and find out the condition of infrastructure like roads and sidewalks.
Note addresses of comparable homes in the neighborhood and look up their purchase prices. This will give you an idea of whether the home is being priced appropriately.
If you’re having trouble finding information on a home, such as sale records, try contacting the local assessor. They should be able to point you to a database that will help you in your search.
If you intend to sell a luxury house in Jacksonville, Boca Raton or any other Florida city or town, it generally is a good idea to set a reasonable initial asking price for your home. Because if you fail to price your Sunshine State luxury house appropriately, you may struggle to generate interest in your residence.
Ultimately, there are many things you can do to ensure your Florida luxury home is priced competitively, and these include:
1. Study the Local Housing Market
The housing market varies, regardless of whether you are selling a premium residence in St. Augustine, Orlando or anywhere else in Florida. If you assess the local housing sector closely, however, you could gain insights to help you establish the ideal initial asking price for your Sunshine State luxury house.
Take a look at the prices of recently sold luxury houses in your Florida city or town, as well as how long these residences were available before they sold. If you find Sunshine State luxury homes are selling quickly, a seller's market may be in place. Or, if you discover Florida luxury home sellers often have to reduce the prices of their residences before they sell, the housing market may favor buyers.
2. Find Out How Your Home Stacks Up Against the Competition
You may believe your Florida luxury home is a must-buy. Conversely, if many comparable luxury residences are available in your city or town, it may be tough to get the best price for your house.
Check out the available luxury houses in your Florida city or town to see how your residence stacks up against rivals. Then, you can take steps to differentiate your Sunshine State luxury home from the competition.
Remember, if you want to sell your Florida luxury home quickly, you may need to set an initial asking price at or below the competition. On the other hand, if you are willing to be patient, you may want to price your Sunshine State luxury house at a rate that falls in line with similar homes in your city or town.
3. Perform a Home Appraisal
A home appraisal gives you the opportunity to receive a property valuation. You then can use this valuation to price your Florida luxury home competitively.
Don't forget to review all aspects of a home appraisal report, too. If you analyze this report, you could discover innovative ways to upgrade your Florida luxury house before you list it.
Lastly, as you prepare to list your Florida luxury home, you may want to hire a real estate agent. This housing market professional will help you showcase your Florida luxury residence to the right groups of buyers and ensure you can optimize your home sale earnings.
Ready to add your luxury home to the real estate market in Tallahassee, Miami or elsewhere in Florida? Use the aforementioned tips, and you can easily establish a reasonable initial asking price for your Sunshine State luxury house and speed up the home selling journey.
A first-time home seller likely faces an uphill climb if he or she wants to stir up plenty of interest in a house. However, a home seller who plans ahead should have no trouble overcoming any potential hurdles along the home selling journey.
When it comes to selling a house, it is important to remember that a residence's interior can make a world of difference in the eyes of homebuyers as well. If a home seller fails to allocate the necessary time and resources to improve a house's interior, he or she risks missing out on opportunities to stir up interest in a residence.
Lucky for you, we're here to help first-time home sellers find the best ways to transform an ordinary home interior into a stellar one.
Let's take a look at three tips to help first-time home sellers upgrade a house's interior.
1. Remove Clutter
Home clutter adds up over the course of many months or years. But a first-time home seller who understands the impact of clutter can take the necessary steps to remove it.
Ultimately, clutter is an eyesore that may make your home actually appear smaller. Clutter also may make it more expensive and time-consuming than ever before to relocate from one home to the next.
A first-time home seller who hosts a yard sale can sell unnecessary items. Or, a home seller may be able to donate excess items to charity. And if there is lots of junk that fills a house, a home seller should dispose of it as soon as possible.
2. Conduct Extensive Cleaning
A first-time home seller should clean a residence from top to bottom. That way, a home seller can give his or her house a fresh, pristine appearance that homebuyers are sure to appreciate.
Be sure to wipe down kitchen counters, mop the floors and vacuum rugs in each room of your house.
In addition, if you need extra help, don't hesitate to reach out to a professional cleaning company. With professional cleaners at your side, you can speed up the process of upgrading your house's interior.
3. Meet with a Real Estate Agent
A real estate agent understands what it takes to enhance a house's interior quickly and effortlessly. As such, he or she can help a first-time home seller get a house ready to add to the real estate market.
The right real estate agent will evaluate your home's interior and offer honest, unbiased home interior improvement recommendations. Also, he or she may be able to offer tips to help you differentiate your house from others that are currently available in your city or town.
Of course, a real estate agent is an expert resource who can guide you along the home selling journey too. And if you ever have home selling concerns or questions, this housing market professional will be happy to address them immediately.
Ready to improve your house's interior? Use the aforementioned tips, and a first-time home seller can boost a home's interior and increase the likelihood of a quick, profitable home sale.
Last year, Florida was home to 16 of the United States’ 100 fastest growing counties. Since it’s already the 4th largest state by population, it’s no easy feat to maintain that kind of growth. However, with year-round sunshine and warm weather, over 3,000 miles of coastline, and endless attractions, it’s hard to compete with the state of Florida.
But, is it a good time to invest in a real estate property in Florida? The short answer is yes. But, we’ll go into the details a bit further to talk about the economy, the value of rentals and vacation homes, and some of the most in-demand places in the Sunshine State.
Read on to find out why it’s the perfect time to buy a residential property in Florida.
A growing, diverse economy
It’s no mystery that Florida’s strength lies in the massive tourism industry. However, the state is also attracting out-of-state and international students with top colleges (who wouldn’t want to get their degree in a paradise?).
Plus, Florida has an unemployment rate that sits lower than the national average and job growth across industries remains strong over the last decade. This demand has made the housing market in Florida a competitive one. However, there is still a lot of opportunity in the suburbs where professionals in sectors like trade, the sciences, and financial services are happily commuting into the cities from for work.
Rental properties are more valuable than ever
With the cost of owning a home slowly rising each year, many students and young professionals are choosing to rent in Florida while they establish their careers and save for a down payment, wary of taking on huge home loans.
This, coupled with the ever-appealing prospect of renting a vacation house in Florida has been made easier thanks to sites like Airbnb.
Profits can quickly be made and reinvested in the rental property market in Florida, making it a big money maker. And, with a well-established and competitive property management industry, it’s easier than ever to maintain your properties, keeping your tenants (and your wallet) happy.
What are the key regions for real estate investment in Florida
To discover the most valuable places to invest in Florida, you need only follow the crowds of happy tourists. Huge attractions like Disney draw professionals in the tourism and hospitality industry and make Orlando the top place in invest in real estate. However, it’s also the most competitive for this reason.
If you’re seeking a less-saturated market with just as much opportunity, areas like Jacksonville and Cape Coral see consistent job growth and housing demand, in spite of serving tenants of different income levels.
With property owners reporting incomes of well over $1,000 per month, the Jacksonville and Cape Coral areas are likely to continue to grow and see positive returns for years to come.