Top Fall Tips for Home Buyers in 2024
Tammy Emineth
Personal SEO - Website Marketing, Content Writing, Organic SEO Techniques and Website Optimization
Here are some of my favorite posts from Realtors and Agents across the country in September and October for all home buyers:
Not Doing a Sewer Inspection for a Home Purchase can Cost you Thousands - by Tampa Buyers Broker Erika Phalen
Not conducting a sewer inspection when buying a home, especially those built before 1980, can lead to costly repairs averaging $4,000. The nominal cost of a sewer inspection, around $350, is a wise investment to avoid hidden problems like tree roots or leaks.
Homeowners are responsible for all underground pipes, and many insurance policies don't cover sewage backups. Signs of sewer issues include slow drains and foul odors.
In areas like Tampa Bay, aging infrastructure exacerbates sewer problems. The post encourages buyers to conduct inspections, engage with neighbors about local sewer issues, and consider new flood disclosure regulations. For expert guidance, buyers are invited to consult experienced brokers.
What is Wholesale Real Estate and How Does it Work? By Theresa Wellman, Homeowner Experience
Wholesale real estate is a short-term investment strategy where investors find properties, negotiate a purchase contract, and sell it to cash buyers, often bypassing traditional sales channels. This method is suitable for sellers with properties that are hard to sell or needing quick cash. Wholesalers typically focus on distressed or off-market properties, using marketing techniques like social media ads and direct outreach to homeowners.
The process involves entering legal agreements, potentially paying earnest money, and maintaining consistent marketing efforts. While wholesaling requires minimal upfront capital and does not necessitate credit, it also comes with risks, such as losing earnest money if a buyer isn’t found and strict adherence to state regulations.
Success in wholesaling demands persistence, strong communication skills, and the ability to build relationships. For those interested, it's advisable to partner with an experienced wholesaler to learn the process.
Read the full article on real estate wholesaling here.
What is Redlining in the World of Real Estate? By Jon Sexton of Nashville Home Agents
Redlining is a discriminatory lending practice that originated in the 1930s, where lenders marked neighborhoods predominantly inhabited by Black residents with red lines on maps to deny mortgage loans, claiming these areas were high-risk. This practice persisted until laws, including the Fair Housing Act of 1968 and the Community Reinvestment Act of 1977, were enacted to prevent discrimination in lending based on race, gender, and other protected characteristics.
Despite these laws, evidence shows that the negative impacts of redlining still affect housing markets today, with properties in historically redlined areas selling for lower prices. Regulatory bodies and the Department of Justice continue to combat redlining, providing resources for reporting suspected discrimination.
Overall, while significant strides have been made to combat redlining, its legacy still influences the housing market, emphasizing the need for vigilance in promoting fair lending practices.
领英推荐
The Psychology of Home Buying - by Brad Erickson - Midway Utah Real Estate
Buying a home is more than just a transaction—it’s an emotional journey filled with excitement, hope, and sometimes stress. From the thrill of discovering your dream property nestled in the mountains of Midway Utah to the pressures of negotiations and the satisfaction of closing the deal, every step is shaped by your personal connection to the space. Midway’s charm and natural beauty deepen these emotions, making it easy to fall in love with a home and envision a life here. With the guidance of a knowledgeable real estate agent, you can navigate the highs and lows of the home-buying process, making confident decisions and finding the perfect place to create lasting memories in this scenic, welcoming community.
A Cautionary Tale for Young Real Estate Buyers - By Jerry Hendriks of the Hendriks Team Realty
In Episode 9 of THE HENDRIKS EXPERIENCE PODCAST, Andrew, our cameraman, shares his inspiring journey toward homeownership, rooted in his family's rich history in the Niagara region. He navigated the challenges of timing in the real estate market, especially during the uncertainty of COVID-19, and managed to save an impressive $50,000 for a down payment. Andrew's insights on financial education and the evolving landscape of homeownership reveal valuable lessons for young adults today. Curious about the complexities of his experience and what it means for aspiring buyers? Tune in to hear the full story and gain insights that could reshape your approach to homeownership!
The Art of High-End Home Flipping in Competitive Markets - by Bob Jamison of Tuscana Properties
Dreaming of flipping homes? While the idea of transforming a hidden gem into a lucrative investment can be enticing, the reality often presents challenges like finding reliable contractors and managing costs. In this insightful guide, we explore the art of high-end home flipping in competitive markets, highlighting essential strategies such as choosing sustainable properties, assessing risks unique to California, and sticking to a strict budget. Discover how meticulous market research and strategic execution can turn your flipping dreams into a profitable reality. Ready to dive deeper into the world of home flipping?
How Low is a Low-Ball Offer? By Jake McClure of Burling Square Group
Ah, the dreaded lowball offer! But what truly qualifies as a lowball bid in real estate? This article breaks down the nuances of lowball offers, from understanding what constitutes "low" to the factors that influence both buyers and sellers. Discover tips on making a compelling lowball offer that might just get accepted, including how to leverage the seller's motivation and present solid evidence for your proposed price. Sellers will also find valuable advice on managing their emotions and negotiating effectively when faced with a lowball offer.
Curious about navigating these tricky waters in real estate?