Things to Keep in Mind While Buying a House
When it comes to buying or selling a home, here at Morrison Home Team, we are experts. Our goal is to help our clients get as much value for their dollar. Below, we outlined a few things to keep in mind in order to get there whether you are buying or selling your home.
Get Your Finances in Order
Obviously buying a home is a big financial decision. Before you even start looking, your Morrison Home Team agent can refer you to a trusted mortgage lender who can help you figure out your budget based on several financial factors. Using this knowledge, you can focus on looking at houses that you can comfortably afford. Another tip we recommend is not making big purchases prior to buying a house because it could result in your lending ratios changing. Therefore, try to avoid buying a new car or signing as a cosigner on anything that could really affect your debt and credit level.
Be Open Minded
This is something that is always easier said than done when it comes to house hunting. That is why you need a Morrison Home Team agent to be able to see the diamond in the rough (aka the house’s potential). This principle also is important when figuring out what you are looking for in a house. We suggest creating a list of “must haves” and “want to haves”. Make sure to keep your non-negotiable “must have” list brief but specific, otherwise your MHT agent will have a hard time narrowing down homes for you to look at.
Consider Resale Value
This is an aspect of selling that we always recommend to our MHT clients. Whether you are buying a temporary home or your forever home, at some point, these homes will go back on the market. Our goal is to get you as much bang for your buck as possible. That being said, we always tell our clients to consider things such as location or floor plan. Location concerns factors such as is the property situated on a busy road or is it near transportation. We suggest considering the floor plan to make sure that while the home may be perfect for your family, will it be perfect for others as well? Finally, if an area is desirable, it means that more people will want to buy your house in the future, hopefully allowing for a higher resale value.
Stage Your Home to Sell
We are big believers in the power of staging your home prior to listing it. As part of our services here at MHT, we recommend professional stagers who will help to clear away clutter, brighten up the space, make it appear larger, and ideally, help the house sell faster.
Be Flexible with Selling Times
The best way to sell your house is to allow people to come see it! It is also important to note that a lot of people look at houses during inconvenient times such as after work or on weekends, since that is when they are free. While they could really get in the way of schedules, we recommend being as flexible as possible. The more people who see your home, the higher the probability that someone will buy it! At MHT, we always suggest our clients keep their homes show ready at all times, so they can be available at a moment’s notice.
Be Willing to Negotiate
While your Morrison Home Team agent is an expert negotiator, it is important for our clients to be willing and open to it. We recommend having a bottom line in mind and keeping a short list of non-negotiables handy. After that, though, be willing to stretch your negotiation limit to fulfill what the buyer is looking for. The end goal is to sell your home and we can’t get to that goal without reaching a mutual agreement.
We hope that this advice has helped anyone looking to buy or sell their home! Do you know someone going through this process currently? Please pass this post on to them!
Morrison Home Team of @Properties in Barrington. For business inquiries, contact John Morrison at 847.409.0297 or via email at email@example.com.