There is a great deal of cost associated with purchasing a home. From taxes to realtor fees, closing costs and down payment obligations, finances can be tight. It’s important to be smart about spending during the buying process. That is why everyone should conduct their own home inspection before paying for a professional. The reason for this is that if a potential home has some serious problems that even a novice can spot, it’s best to simply move on to a different house that doesn’t already have problems. When someone doesn’t see any issues with their own home inspection, that’s when it’s time to hire a professional.
Clean: Probably the cheapest thing you can do to increase the value of your home is to simply clean thoroughly. If you take one weekend to thoroughly scrub your home before you put it on the market it will show better and could lead to a higher sale price. You could even consider hiring a cleaning service to do the cleaning for you, it would be well worth it.
The age and condition of the heating and cooling of the property – ensure it has a long life left, has been maintained and that there are no major problems with the system.
Hire a professional; By interviewing and hiring a real estate professional will make the other steps go much smoother. Hire someone who will exclusively represent you, the buyer. They will “hold your hand” and guide you through the entire process. Be sure they are experienced and have some designations behind their name such as ABR (Accredited Buyer Representative) or CRS (Certified Residential Specialist). And best of all, this is a FREE service to YOU.
Get a home inspection syracuse. These inspections are normally ordered by the buyer, but you will be far ahead by knowing what a inspector is going to find for the buyer. Small things that would normally be in a inspection report can be taken care of by you, giving the buyer nothing to negotiate your price down with. It also impresses the buyer that you have taken good care of the home.
Have a loan ready to go for the original asking price of the house. Odds are you’re going to get the house for less and can change how much you’re going to borrow, but it’s helpful if the bank knows going in that you’ve got the credit to buy the house. They already got burned by the last owner and would rather not have it happen again.
Here are some of the problems you can anticipate when a house has been unoccupied over a long period of time. Some are what you might expect, while others may be hidden from plain sight.
Finally you have to be concerned with the taxes on the homes that you buy. Most house flippers do not like to hold onto homes so long that they would have to pay taxes but it can happen. There are times when you have no choice but to hold the home over due to repairs and such so the taxes will come due. Factor this into your pricing when you are looking to buy.