3 Tips for Bidding on a Home

While you might be anxious to get into a new home ASAP, approaching the home-buying process with a strategic plan can help to ensure that you and your family get the best deal possible on your new home.

Like all major purchases, it is always a smart idea to invest in research first since you'll be making a long-term commitment to the home you choose. By doing so, you can help ensure that your most important needs get met.

Bidding on a home can be a scary and stressful process, but with these three tips, you will be able to bid on homes with confidence.

Start Bidding Low

Tip number one for bidding on a home is to start with low bids. 

People decide how high they should bid when buying a house by comparing the…

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Don't Let Cash Homebuyers Beat You Out on a Home

It's important to know how to compete with cash buyers when buying your first home. Undoubtedly, buying a house is an exciting time in life, but it doesn't come without pitfalls. One of the most significant challenges first-time homebuyers face is competing with cash buyers in the thriving real estate market. 

Luckily, there are ways around this issue! Let's look at how to compete with cash buyers and get your new home without all the stress and hassle. 

Waive or Shorten Contingencies

A contingency is a condition both parties must meet before the contract becomes legally binding. When buying your first house, you may want to consider waiving or shortening some contingencies rather than agreeing…

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How to Win a Home Bidding War Using these 4 Strategies

Buying a home is certainly a rewarding experience. However, securing a home isn't always easy. Between finding the perfect home within your budget and getting financed, the process can be overwhelming for many prospective buyers. 

Even more, buyers often find themselves in a bidding war. This can make landing your dream home feel next to impossible.

The good news is that overcoming a bidding war can be done using the right tactics. Today we're going to provide four tips you should take to land the home of your dreams, even when you're competing with other buyers. 

1. Pre-Approval Letter

A pre-approval letter is a document from a lender stating that it is willing to lend you a certain…

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Is it a Good Time for Millennial Homebuyers?

If you're a millennial who is just starting a career, you might be wondering whether or not it's a good time to buy a home. The answer to this question varies depending on your individual situation. However, it is currently a very strong buyer's market. Here's what you need to know about purchasing a home in 2021 as a millennial.

1. Interest Rates Are Unusually Low

Interest rates are much lower than usual, which is because of the effect that the pandemic has had on the economy. In fact, it's easy to find home loans that offer interest rates of 2.5% or less nowadays. This is especially true for buyers with a high credit score. 

As a result, signing on to a mortgage today could be a much better choice…

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Why Baby Boomers Should Consider Selling Larger Homes

There are a lot of baby boomers who are at the point where they want to retire. Unfortunately, statistics show that many of them do not have substantial savings set aside. The one thing that is helping baby boomers is the equity they have in their homes.

Thankfully, they purchased their homes decades ago when the price of homes was much lower. Now, there is a high demand for homes. With careful financial planning, they can sell their homes quickly for a substantial amount of money and use that money as part of their retirement.

Some Benefits of Downsizing

When baby boomers purchased their homes, they did so looking for ample space to grow their families. Now, their families have moved on…

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How Much Time Does It Take to Buy Homes?

From pre-approval for a mortgage to the actual inspection and handing over of the property, there’s a lot that goes into buying a home. You can expect the buying of a house to take about four to eight weeks if no unplanned delays occur. COVID-19 has also slowed the process a bit, but the delay hasn’t been proven to be significant. Knowing what you need and making preparations can save you a lot of time down the road.

Get Pre-approval for a Mortgage

If you start the pre-approval process prior to actually searching for the home that you want to purchase, you can significantly cut down on the time it takes to close. This usually takes a few days as you’ll be going back and forth with lending institutions and…

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3 Tips to Procuring a Property While Out of State

Buying a home is an exciting step in life. But if you’re planning on making a move out of state, things might start to seem a little overwhelming. With a solid plan and a few tips, you’ll be more likely to make a smooth transition.

Have a Proxy Do a Walk-Through of the Property

The best way to make sure that the property you’re considering is right for you would be to contract a proxy, also referred to in this case as a “buyers’ agent”.

A buyer’s agent will have your best interests at heart and will work towards getting you great value. It’s important to not confuse this type of agent with a listing agent, who will undoubtedly prioritize the seller in this transaction. A buyer’s agent will also…

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Today's Real Estate Market Is a Great Opportunity for Investors

If you are looking for an exceptional new investment, then today's real estate market is likely to have just what you're looking for! Not only are prices and interest rates low, but bidding wars are driving the sale prices of some homes up. 

Furthermore, demand for real estate is quite high, and the economy is recovering quickly as the pandemic ends. All of these factors make 2021 a great year for real estate investors. Here's what you need to know about getting a real estate deal this year.

1. There are Many Properties to Choose From

If you're looking for the home of your dreams, you have a great chance of finding it nowadays. That's because an unusually large number of houses…

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Upgrading Your Family Home? Here’s How to Make It More Marketable to Renters

Have you reached the phase of your life where you’re considering downsizing to a smaller home? Before you begin the selling process, consider turning your once family home into a rental property. There are several benefits to owning a rental property, one of the main attractions being that it can provide a source of income, which can be especially beneficial as you near retirement. 

However, if you’ve owned your home for years (even decades), there may be a few upgrades that can help make your property more attractive to renters. Here are four things to consider to make your family home marketable to renters:

Make Necessary Repairs

Before you begin making cosmetic…

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Why a Home Inspection Is Crucial Before Purchasing

If you're in the process of purchasing a home, then it's important to get a home inspection. Home inspections give buyers confidence and promote a smooth home-buying process. Here are three reasons why buyers should avoid skipping out on their home inspections. 

1. Expensive Repairs

Getting an inspection keeps you in the loop of your potential home purchase. This is important before making a huge investment.

An inspection enables buyers to know about any unexpected repairs before committing to a home. Unfortunately, buyers end up wasting money when they skip the inspection process. 

This is because buyers end up missing the opportunity to negotiate a lower price for the home due to repairs.…

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