3 Good Reasons Why You Should Wait To Buy A Home

Most would agree, why would you rent if you could buy?! With interest rates as low as they are it should be a no brainer right?  Let’s just find a place and lock it in for the next 30 years… seems like a long time? That’s because it renting vs buying a homeis.  The following are reasons why you should NOT buy unless you know you are ready. You may not be thinking purchasing is all it’s cracked up to be after you read the top 3 reasons to rent.

1. Location, Location, Location – It may seem like you have found a good area that is safe and close to everything you enjoy on the weekends but what about your career?  Are you confident you are set up in a place that you will continue working for many years?  Since you like the area so much have you looked into the property tax rates and other local fees like insurance rates to own a home in the area?  What about your dream job or school you have considered for the past few years?  I will tell you that if you rent none of the previous items would be an issue, things like tax rates or your ability to be mobile would not be an issue.  I would suggest to really consider your future plans before you look to buy because getting out of a 30 year mortgage or selling a place you just bought is a huge hassle.

2. Affordability – If you are renting for $1200 a month you can afford a $1200 a month mortgage right?  Not exactly, there are a lot of costs that renting a place includes that you may not be aware of.   Just a small list of why being a homeowner may not be what you want right now; HOA fees, property taxes, mortgage fees, home insurance, yard maintenance and home maintenance.  These items may not seem terrible but when you add all of them up you could add another 50% to the mortgage costs.  Even if you feel like you could budget for it keep in mind some of these items are not announced and the leaky roof that could cost thousands of dollars as a home owner would cost you ZERO as a renter and the $1200 monthly payment stays that way.

4. Sensibility – If you decide the above reasons do not directly impact you or your decision to rent or buy, the last reason is sensibility.  Sensibility is more than just the numbers adding up it comes down to truly being able to make the purchase and be comfortable with your quality of life and standard of living.  Keep in mind you want at least 20% saved up for a down payment and ideally all the rest of your debt paid off, if you are in this boat then buying a home maybe your next step.  Sensibility also reflects the peace you have each month and the feeling that you aren’t stretched to pay your bills, save for retirement and to give when others are in need.

Not to make buying seem like a bad thing but if you are not ready than the purchase will end up being a curse more than a blessing.  Buying a home can also be one of the greatest investments you make in your life but if you make it at the wrong time it can be the biggest disaster.  I highly recommend purchasing a home but keep in mind it is still OKAY to rent for a period of transition, saving or relocating.  In the meantime do your research and continue to use tools like www.MoversAtlas.com when you look to rent or buy a new home.

3 Imporant Things You Should Do Before Selling Your Home

You only have once chance to make a good first impression. This applies to meeting new people as well as other situations such as selling your home. That is why it is very important to always put your best foot forward.  There is a reason you tips for selling your homeare to dress nice during an interview no matter what the job is, being presentable sells better and is more appealing than the alternative.  This goes true for when you place your home on the market also.  Putting your best foot forward does not mean lying or being deceptive to anyone, there is just an important aspect to show others the full potential of what you are trying to sell.  You should take the following tips into consideration before you sell your home, keep in mind after this is all said and done you may change your mind and want to keep the house after all!  Either way the home improvements will be well worth it.

1. Maximize Curb Appeal

The best selling aspect of a home is what I like to consider the initial “meet and greet” while you are staring down at the directions and trying to navigate the new unfamiliar neighborhood you pull up to what seems to be your destination.  Those feelings you get when you pull up to the curb, confirm the address, shut off your vehicle and look at the house you are considering while briefly comparing it to the neighbor’s houses.  This is known in the real estate world as curb appeal.  At this point the person looking at the house has already predetermined whether they will consider the rest of the house or just being polite to complete the walk-through.  The curb appeal must include everything that can be seen standing in the front yard much like paint, landscaping, lights and fences.  Some items that homeowners should also consider would be a clean roof and gutters, a freshly pressure washed drive way and sidewalks along with clean windows and nice blinds.  If you are trying to get the highest dollar amount for your home and have neglected your grass, the fence has missing panels and there is a small forest growing out of your gutters I promise you people will notice and move onto the next home or give you a low ball offer.  Keep in mind a lot of these items can easily be completed by the average homeowner with not a lot of money……just be ready to sweat a little.

2. Clean, Clean, and Clean Some More!

The next item I would recommend is your attention to the cleanliness of the interior of your house.  You have lived in your house for years and cleaned once a week or even more often but are there things you have missed?  Cleaning before selling should be extreme cleaning!  This should include scrubbing base boards, dusting doors, door frames, light fixtures, fans and vanities, inside drawers and behind furniture (yes even the pieces that haven’t been moved in 10 years).  You should be pulling out the washer and dryer to wipe, dust and mop behind them along with polishing and resealing that stainless steel sink in the kitchen.   Anything you can clean, polish, scrub and shampoo I would highly recommend doing before putting your home on the market.

3.  De-Clutter and Pack Away Everything But The Bare Essentials

Clutter is another big item that many might not even realize because these items have been accumulated over the past several years and have made homes on shelves, drawers and coffee tables.  When people tour a home they can understand you are stilling living in the house but they don’t need to see every knick-knack on the mantles, counters and book shelves from the last 20 years.  The potential buyer is looking around to see where their big screen TV would fit and how they could make it their home.  With this said you need to de-clutter and since you are looking to move I would recommend beginning to pack the clutter in boxes and put it in the attic or even a storage unit.  If you keep the bare essentials required to live it will make it much easier for the potential buyer to visualize it as their own.  Also there are times when even removing things like large pieces of furniture from living areas or even spare bedrooms that could make a difference on how big or small the spaces look.  The extra king size bed in your spare bedroom and 12 piece sectional couch may be nice but if it dwarfs the rooms they are in than your home may not be as appealing as it could be.

These ideas are extrememly beneficial and inexpensive when looking to sell your home. With a little elbow grease and a fresh new look you will give your house a better chance at selling for your asking price.  While you are preparing your home to be put on the market make sure and keep up the research on your new potential home with the tools on www.MoversAtlas.com.

Understand the Rules of the Real Estate Game

Remember that while buying a Florida home can be an immensely exciting process, at the end of the day it is a business transaction.  As a homebuyer you should always maintain a clear head and appreciate the seriousness of your decisions.   Often, the buying process will proceed very quickly and you may find yourself wondering how you ended up in escrow so quickly.  While it’s tempting to speed through everything, remember that contracts and 30 year mortgages can’t be changed as quickly as they were signed.  It’s important to take the time to carefully consider any factors you feel are important before you sign the papers.  You don’t want to get stuck in a house you don’t really like or can’t afford because you got caught up in the excitement of the moment.

Being that the home buying process is a business transaction, the terms of the deal can also change quickly depending on the circumstances of the involved parties.  Once you’ve been approved for a loan, don’t take on any additional debt.  Refrain from buying any big ticket items that require financing (such as cars) and avoid using your credit card.  Even if you’ve already been approved for a loan, slight changes in your debt to asset ratio can cause the deal to fall through.  If you buy a new car or rack up a lot of credit card debt, the underwriter may throw out or deny your loan.  Everyone you’re working with will probably be friendly and will want to sell you the house, but at the end of the day, your relationship with them comes down to business.  If you change your financial circumstances, the parties you’re working with may change or retract their offers.

It’s also crucial to understand who works for whom.  Most real estate agents actually work for the seller.  This is an important relationship to understand because it will affect the way the real estate agent presents information to you.  There is nothing wrong with working with an agent who represents the seller, but keep in mind that ultimately, that agent’s obligation is to the seller of the home, not you.

You might want to consider getting your own real estate agent, who will represent you exclusively.  This way you can be sure you’re working with someone who’s first obligation is to you.  Having your own agent can be very helpful and in most cases, won’t cost too much. Furthermore, since most agents have years of experience in selling homes, they can catch important details about the home itself and highlight contractual issues that you might miss or be unaware of.

Finally, if you really think that you’ve found your dream home, don’t act like it.  If you advertise the fact that you’ve fallen in love with the place, the seller might be tempted to hold out for a higher price.  It’s best to act reserved until the deal is closed.

If you enjoyed reading this post you will find the main Mover’s Atlas site even more Interesting! There you can discover important information about what surrounds your current or future Florida home, give it a look: Mover’s Atlas.