Tuesday, January 9, 2018

Considerations To Make A Wise Real Estate Purchase



2018, a new year and a fresh start!  This could be the year where you purchase your first home, upgrade to a larger home to fit your growing family, or buy your forever home in an area where you see yourself for many years to come.  A home is generally the largest investment of our lives, and it is absolutely critical that you factor in the various variables to make the best decision possible for you and your family.

Here is a framework we developed, and use in our business (REPI).

Recon


If there is a home or area you're interested in, drive through the area in the morning, afternoon and evening.  Understanding the environment is critical if you want to make a wise real estate decision.  While the community might look charming during the day, it could be completely different at night.  You want to make sure you know as much of the area or location as possible, and visiting in person gives you a good perspective.

Education


Schools of the area are another big consideration that should be taken into account.  Find out how the schools are rated as compared to others in the district and whether there are ongoing issues with enrollment. It's very important to remember that potential buyers with children will want a home near top-quality schools. The better the schools in your area are, the higher price you are likely to receive for your renovation project.

Priorities


Create a list of your must haves, nice to haves, and things you absolutely do not want.  This will give you a clear picture of what you're looking for.  This will allow you to efficiently search for your ideal home, and it'll make it very easy to communicate your vision to a real estate professional if you choose to hire one for searching.

Intuition


And most importantly, follow you instints/gut.  Your mind processes things in a very complex way, and sometimes your intution is spot on.  There could be something very minor about a home, that just doesn't sit right, and you deserve to purchase something that you're absoltely happy with -- don't settle.  Also, don't get caught up by the pressure of hot market conditions or bidding wars.  There is nothing wrong with them, but follow your instincts and be comfortable with walking away as there is always another home for you.

We hope you have found this information useful in your journey to find that perfect home.  If you're looking to sell your home, consider SMK Realty Solutions.  We provide zero obligation consultations as we buy homes just like yours!  We can provide you a fair offer and close on your time line, and the best part is that the home does not have to be cleaned, renovated, etc.  We take care of all of the headaches associated with home renovations.

We also provide referral bonuses (up to $3,000) for homes that we close on -- so if you know anyone that might be interested in selling their home, definitely let us know!

Send us an email at info@smkrealtysolutions.com now for more information.

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