Paul Stonkus' Blog
For those who are on the lookout for a great house, it may be beneficial to explore homes in small towns. In fact, there are many reasons to pursue a small town residence, and these include:
1. You can avoid the hustle and bustle of big city living.
Purchasing a house in the city may prove to be difficult. In many instances, competition for houses near city attractions and landmarks is fierce. Also, owning a home in the city may require you to pay high costs for taxes, parking and more.
Comparatively, small town living often provides a breath of fresh air, particularly for those who want to avoid the hustle and bustle of a big city. Small town homes are available in a variety of sizes and styles. Perhaps best of all, purchasing a small town house typically won't force you to break your budget.
2. You can live close to loved ones.
If family members and friends live in a small town, it may be beneficial to join them. And if you kick off a search for a home in the small town of your choice, you can live near loved ones.
Of course, prior to starting a small town home search, you may want to learn about the local housing market. If you possess housing market data and insights, you can tailor your property buying strategy accordingly.
3. You can find a superior house at a budget-friendly price.
Small town homes may be more affordable than their big city counterparts. Therefore, a buyer who wants to find the best value for a home may want to narrow his or her house search to properties in small towns.
When it comes to searching for a small town home, there are lots of exceptional options available across the United States. As such, determining exactly where to pursue a small town home sometimes can be challenging.
Thankfully, hiring a real estate agent is a viable option for all buyers, at all times. A real estate agent can teach a buyer about the housing market in any small town. By doing so, this housing market professional can help a buyer take the guesswork out of finding and purchasing a small town residence.
A real estate agent is happy to provide plenty of assistance at each stage of the property buying journey. He or she will set up small town home showings and keep a buyer up to date about properties that match this individual's criteria. Plus, if a buyer finds his or her ideal small town residence, a real estate agent will help this individual submit a competitive offer to purchase.
For those who want to pursue a small town residence, there is no reason to work alone. If you hire a real estate agent today, you can receive extensive support as you conduct a search for a home in the small town of your choice.
A home showing is a valuable opportunity for a property buyer. In certain instances, buyers will set up dozens of showings to review a wide range of residences. Meanwhile, a buyer sometimes finds the perfect residence during his or her first home showing.
Ultimately, there is no set number of showings that you will need to attend before you find your ideal house. It also is important to note that there is no time limit on a showing, and some showings may be shorter or longer than others.
Regardless of how many house showings you schedule, it is paramount to do everything possible to get the most out of a showing. Lucky for you, we are here to teach you about property showings and ensure you can optimize their value.
Now, let's take a look at three tips to help you prepare for a house showing.
1. Review a Home Listing
A home listing may include various information about a house's age and condition, but you likely will require additional details about a residence before you decide whether to submit an offer to purchase. Fortunately, a home showing enables you to gain additional insights that may be unavailable in a listing.
Take a look at a home listing and put together a list of questions about a home. Then, when you attend a showing, you can receive instant responses to your queries.
2. Give Yourself Plenty of Time
There is no need to rush through a home showing. As such, you should give yourself plenty of time to check out a house and walk through it during a showing.
Oftentimes, it is beneficial to bring a pen and paper so you can jot down notes during a showing too. You also may want to take a camera with you. This will allow you to capture photographs of different areas of a home so you can review them after a showing and decide whether a house is right for you.
3. Consult with a Real Estate Agent
A real estate agent is happy to help you prepare for a house showing. He or she will learn about a home prior to a showing and may be able to provide you with insights that you won't receive elsewhere. Plus, a real estate agent will offer honest, unbiased feedback about a residence and ensure you can make an informed decision about a house.
In addition, if you find a home that suits you perfectly, a real estate agent will help you craft a competitive offer to purchase. And if you ever have concerns or questions during the property buying journey, a real estate agent can provide in-depth responses.
For those who want to get the most out of a home showing, it generally is a good idea to plan ahead. Thanks to the aforementioned tips, you can prepare for a home showing and use this event to analyze all aspects of a residence.
Buying a home that works for both seniors and young children can be complicated, if not impossible. When searching for a new home, it’s important to keep in mind the special requirements for every member of your family both now, and as they continue to age.
Parents or other older relatives may need assistance getting upstairs or in and out of a tub. Even if they are fine now, aging is a tricky thing and mobility issues can crop up at any time. Planning for them now can save you money and stress in the future.
At the other end of the spectrum, child-proofing a home is important for small children or new infants, so keep an eye out for sharp edges and remember you’ll have to bring strollers, high-chairs, car seats and more so plan for easy-to-open doors. Don’t forget that as your kids get older, their needs will change as well: plan for privacy and personal space where you can to save on upgrading your home in the future.
For the best home search, make sure to let your real estate agent know who all will be living with you. He or she can assist in finding homes with the features you need and can provide advice about what things are feasible to change yourself, and what will make a house cost more than your budget in the long run.
Some important features to look for include:
- Need help affording a home that meets all your needs? What if you just want to upgrade your existing home? Government agencies offer financial grants and assistance to retrofit your home for the elderly. Check with your agent to see what you might qualify for.
- Ready to find the forever home for your entire family? We can help! Talk to your agent about the best way to search for your new home.
- Wide Doorways: A door without a turning requirement (and those that open wider than a right angle) need to be at least 32 inches wide to ensure that wheelchairs and walkers will fit. Right angle doorways or those that require turning to enter or exit should be at least 36 inches wide.
- Wide Hallways: For comfortable use by strollers, walkers, and wheelchairs, look for hallways that are at least 42 inches wide. That much space gives you the option of installing handrails on one or both sides. Handrails can help both small children learning to walk, and elderly people with mobility issues.
That’s the easy part. The hardest room for both the very young and the elderly is the bathroom. It’s a good idea to ensure that your home has a minimum of 2 full bathrooms to allow you to accommodate the needs of all members of your family. Seniors need ADA toilets (also called comfort height) and grab bars, while your small child would need an extra-tall stool to use the taller toilet. Large showers with floor level entrances, seats and grab bars are best for the elderly, but its often easier to wash your kids in a tub, especially when they’re young. With two bathrooms, you can satisfy the needs of everyone in the family.
Last, but not least, pay attention to faucets, handles, and knobs. Rounded ones can be difficult for both the old and young members of your family. Look for a single handle, lever and touchless options for the best results all around. Don’t forget to test cabinets and drawers for weight or friction pull closers since those are more difficult than soft close or magnetic options. It’s okay if the home doesn’t come pre-fitted with the knobs, handles, etc. you want, a quick trip to your local hardware store will solve it.
Need help affording a home that meets all your needs? What if you just want to upgrade your existing home? Government agencies offer financial grants and assistance to retrofit your home for the elderly. Check with your agent to see what you might qualify for.
Ready to find the forever home for your entire family? Talk to your agent about the best way to search for your new home.
Contingencies on a contract to buy a home are there to protect both the buyer and the seller. The contingencies give the buyer the right to back out of the contract if any of these contingencies aren’t met. There are many reasons that buyers back out of deals including financial issues and problems with the home. Below, you’ll find a break down of some of the most common contingencies and what they mean for you as a buyer or a seller.
Most home contracts come with what’s called a financing contingency. This gives you the ability to walk away from a deal if the financing falls through when trying to buy a home. Usually this is due to a credit reason or some other financial reason. You can’t rely on financial cracks to help you to back out of a deal on a home. Lenders will only deny a loan for real financial reasons. There’s no way to ask a lender to lie for you so you can get out of buying a home! This is why you need to make your decision about a home purchase wisely.
This gives the buyer the right to have an inspection on the home within a certain time frame which is usually 5-7 days. If something is really off with the inspection that you as a buyer don’t feel comfortable with, you have the right to back out of a deal without repercussions. While seller disclosures are important, the seller can’t disclose what they don’t know about. That’s why the home inspection is so important. The seller’s disclosure cannot protect you from hidden damages that may cost half of a home’s worth to repair.
If homes are selling fast and you want some secure way to back out of a deal you should consider an appraisal contingency. If the home you want to purchase doesn’t appraise at a price high enough to meet your mortgage requirements, you have a legal way to back out of the deal. For example, if you put down 20 percent of the purchase price of a home and the home doesn't appraise for the value of that purchase price, you’d need to come up with the remainder of the money in cash. An appraisal contingency protects you from having to face this. You’ll still need to have a home inspection done on the home to search for any problems, but an appraisal contingency protects you from any problems with financing and your own disposable amount of cash that could arise due to a home appraising low.
While contingencies aren’t necessary as a homebuyer, they’re highly recommended. Without contingencies, you could be left with a number of expenses such as damages that are extremely costly to fix.
There is no need to struggle as you pursue your dream home. In fact, there are many things you can do to ensure the homebuying journey is quick and easy.
Now, let's take a look at three tips to help you enjoy a seamless property buying experience.
1. Know Where You Want to Reside
It often helps to narrow a home search to a small group of cities and towns. That way, you can focus exclusively on residences in a set area and speed up your house search.
As you consider where you want to live, it generally is a good idea to review your short- and long-term plans. For example, if you intend to return to school soon, you may want to search for houses near some of the nation's top colleges and universities. On the other hand, if you want to start a family, you may want to focus on homes close to parks and other family-friendly attractions.
2. Establish a Homebuying Budget
Most homebuyers will need to get a mortgage so they can acquire their dream residence. Fortunately, banks and credit unions are happy to teach you about home financing and help you make an informed mortgage selection.
Typically, banks and credit unions employ courteous, knowledgeable mortgage specialists who can educate you about all aspects of home financing. These specialists are ready to respond to your home financing concerns and questions and help you find a mortgage that suits you perfectly.
There is no such thing as a "bad" question to ask mortgage specialists, either. If you work with mortgage specialists to assess all of your home financing options, you can select a mortgage that will serve you well for the foreseeable future.
3. Hire a Real Estate Agent
When it comes to searching for a home, you don't have to work alone. Thankfully, real estate agents are available throughout the country, and these housing market professionals can make it simple for you to acquire a great home at a budget-friendly price.
A real estate agent goes above and beyond the call of duty to make the property buying journey fast and easy. First, he or she will learn about you and your homebuying goals. This housing market professional next will craft a personalized homebuying strategy for you and put this plan into action. Then, after you discover your ideal residence, a real estate agent will do everything possible to help you acquire this home.
In addition, a real estate agent will work with you to finalize a home purchase. As a home closing date approaches, a real estate agent will help you plan accordingly. By doing so, he or she can help you purchase your dream residence without delay.
For those who want to enjoy a quick, easy homebuying journey, it helps to plan ahead. With the aforementioned tips, you can prepare for the homebuying journey and limit the risk of encountering various problems as you search for your ideal house.