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Posted by Kava Realty Group, Inc. on 9/5/2018

If you have plans to buy a house as quickly as possible, it is important to maintain flexibility. That way, you can adjust your homebuying timeline at a moment's notice.

Ultimately, there are many instances where you may need to modify your homebuying timeline, and these include:

1. You are struggling to identify your dream home.

It generally is beneficial to enter the housing market with homebuying criteria. These criteria can help you hone your house search and may be modified as you attend home showings and open house events.

Also, think about where you want to purchase a house. If you would prefer to own a home in a big city, you can tailor your house search accordingly. Or, if you want to live in a small town, you can focus exclusively on residences in areas that match or exceed your expectations.

Even with homebuying criteria in hand, however, changes to your homebuying timeline may be required. But if you remain patient and persistent throughout the homebuying journey, you can eventually discover your dream house.

2. Home sellers are rejecting your offers to purchase.

Once you find your dream residence, you may submit an offer to purchase it. Yet if your offer fails to hit the mark with a home seller, you are unlikely to receive an instant "Yes."

If you find that your offers to purchase houses are rejected time and time again, you may need to adjust your homebuying timeline. Furthermore, you may want to rethink your homebuying strategy.

To submit a competitive homebuying proposal, you should consider a house's condition and age, as well as the current state of the real estate market. This information can help you craft an offer to purchase that accounts for a variety of factors and likely will meet the needs of both you and a home seller.

If a home seller rejects your offer to purchase a house, there is no need to worry. Remember, the real estate market offers many opportunities, and homebuyers who are diligent can continue to search for the right house at the right price.

3. You have yet to find the right real estate agent.

A real estate agent may hold the key to a successful homebuying journey. He or she can help you set realistic homebuying expectations and ensure you can achieve the optimal results.

If you need to adjust your homebuying timeline, a real estate agent can help you do just that. Plus, a real estate agent will keep you up to date about new houses that become available in your preferred cities and towns and set up home showings. And if you decide to submit an offer to purchase a home, a real estate agent will help you put together an aggressive homebuying proposal.

Ready to streamline your home search? Reach out to a local real estate agent today, and you can get the help you need to pursue your ideal residence.




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Posted by Kava Realty Group, Inc. on 8/29/2018

Want to acquire the perfect home at the perfect price? You're not alone. As such, you'll likely need to allocate significant time and resources to your home search if you hope to transform your dream into a reality.

Lucky for you, we're here to help you navigate the real estate market so you can move closer to purchasing a top-notch house at a budget-friendly price.

Now, let's take a look at three tips so you can buy your ideal home at a price that matches or exceeds your expectations.

1. Establish Realistic Homebuying Goals

Although you may have lofty dreams of purchasing a deluxe house quickly, it may take some time to find a house that fulfills your needs.

Setting realistic expectations for a home search is ideal for property buyers. With realistic goals, you may be able to avoid disappointments and frustrations along the homebuying journey.

Evaluating the current real estate market often offers a great way to help you map out your homebuying plans. This will enable you to examine the prices of assorted homes, determine which houses you like and define a price range for your ideal house.

Also, it never hurts to look at the prices of recently sold houses, either. This will allow you to see how quickly residences are selling and determine whether you're about to enter a buyer's or seller's market.

2. Get Pre-Approved for a Mortgage

You know that you want to own a house, but how do you intend to pay for it? Ultimately, you may want to get pre-approved for a mortgage Ė something that can help you accelerate your journey from homebuyer to homeowner.

Meet with banks and credit unions to learn about all of the mortgage options that are available. Then, you can choose a mortgage that will help you avoid the temptation to overspend to acquire your ideal home.

When you consult with banks and credit unions, be sure to ask plenty of mortgage questions as well. That way, you can learn about the ins and outs of various mortgage options and select a mortgage that suits you perfectly.

3. Collaborate with a Real Estate Agent

A real estate agent is a housing market expert who is happy to help you make your homeownership dreams come true.

Typically, a real estate agent will set up home showings, keep you informed about new residences as they become available and offer honest, unbiased homebuying recommendations. He or she will even negotiate with property sellers on your behalf, ensuring you can get the best price on any home, in any real estate market.

With a real estate agent at your side, you can receive expert guidance throughout the homebuying journey. In addition, a real estate agent will respond to your homebuying concerns and questions, guaranteeing you can make informed decisions time and time again.

Ready to acquire your dream home at your dream price? Use these tips, and you should have no trouble purchasing a terrific house without breaking your budget.




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Posted by Kava Realty Group, Inc. on 6/27/2018

One of the worst mistakes you can make when looking for a new home is to allow yourself to become discouraged. Once that happens, your energy level drops, your optimism wavers, and your standards slide.

Searching for just the right house for you and your family may take longer than you expect, but success is often right around the corner! In the mean time, persistence and mental focus will help you get past the rough spots and detours. If you decide to work with a real estate buyers' agent, they will help keep you motivated, encouraged, and updated on new listings.

Although a certain amount of flexibility is necessary when you're in the market for a new home, there are advantages to having a clear picture in your mind of what you're looking for. There are a lot of factors that can play a role in your degree of happiness and comfort in a new home, and it's vital to recognize exactly what those key features and characteristics would be.

Here are a few things to mull over as you visit homes for sale and compare the pluses and minuses of each.

  • Location: In addition to seeking out a neighborhood that's convenient for shopping, commuting, and meeting your family's needs, it also pays to keep investment value in mind. While nobody can look into a crystal ball and say with absolute certainty that property values will increase in the foreseeable future, there are educated guesses and projections that can be made based on trends and available data. An experienced real estate agent can be one of your best resources in determining whether a neighborhood is growing or declining. Very often there are telltale signs that are worth paying close attention to when evaluating different homes for sale.
  • Architectural style: While many house hunters are only interested in features like square footage, lot size, and the quality of the school district, you may have preferences for specific architectural styles. Finding a house that conforms to your architectural preferences can make a big difference in your level of satisfaction. Although there are more than thirty different styles from which to choose, many people lean toward Colonial houses, Craftsman style homes, Contemporaries, Ranch houses, Tudors, Victorians (Queen Anne, for example), Cape Cods, Art Deco houses, Split Levels, and Bungalows. Other style possibilities include Dutch Colonials, Georgian-style houses, and Spanish-influenced architectures , such as the Monterey, Spanish Eclectic, and Pueblo. While some styles tend to be mostly confined to certain areas of the country, most communities have a wide array of architectural styles available to home buyers.
  • Condition of the Home: Some of a house's flaws are easy to spot, while others may require the expertise of a certified house inspector. The extent to which you're willing to make repairs, updates, and renovations to a new home will be one key factor that will determine which house is best for your needs, goals, and budget.
There are literally dozens of features, characteristics, and quality standards to keep in mind when shopping for a new home, but location, structural condition, and style are three factors that are well worth including on your priority list.





Posted by Kava Realty Group, Inc. on 5/30/2018

Buying a home is one of those things in life that requires you to take a certain order of steps to complete the process. First, youíll need to save up some money for a down payment and all of the other costs that go along with buying a home. Next, youíll take a look at what you can afford and perhaps get pre-qualified. Then, youíll hire a realtor and begin searching for properties. Finally, youíll make an offer, sign for the mortgage and close on the home. After that, youíll probably buy some furniture and paint the walls to make yourself feel at home. 


Would you ever dream of making that big home purchase without actually seeing the property first? One of the most time-consuming parts of the home buying process is that of viewing homes and visiting property after property. 


There are actually many reasons that a buyer might buy a property without seeing it first. With the Internet, itís fairly easy to get an idea of what a house might be like. Too, if youíre an investor, itís sometimes worth the gamble to scoop up a property at the right price in order to score a great deal. 


Itís also usually not detrimental to buyers who are trying to get a home in a high competition market to go after places they really love immediately. The early bird does get the worm, right?


Foreclosed Properties 


Properties in distress may be in poor condition, but for the right buyer can be a great deal. Banks want to get rid of these places as soon as possible due to the expenses incurred by keeping them. 


Pre-Construction Properties


Not all properties that are bought sight unseen are fixer uppers. Some properties can be bought in the pre-construction phase. These homes havenít been built but are already on the market available for purchase. Many times, buying properties this way can be cheaper than buying the new construction home after itís built. 


The Risks


There are obviously many risks to buying a home sight unseen. First, pictures can be deceiving. You never really know what youíre walking into until you see it. Photographs can easily hide major damage. Until a home is physically inspected, you may not know what the costs will be to repair it. 


The same risks apply to new construction homes. The layout of the home may not be what youíre looking for, or the home may not include the features that you want.


When you do decide to buy a home sight unseen you need to weigh the risk versus the reward in the transaction. It can be a valuable decision, in the long run, to take a chance on buying a home that you havenít been able to physically inspect.       

 





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Posted by Kava Realty Group, Inc. on 5/23/2018

Once you have gone through the pre-approval process and have narrowed down your home search, thereís a good chance youíll soon find a place that you want to make an offer on. This can seem like a huge step for any first time homebuyer. Even seasoned home buyers feel butterflies when the time comes to make an offer on a home they love. Before you even start your home search, you should become educated on how to make a good offer in order to land the property that you really want. Thereís so many factors that effect your offer including the surrounding properties and the current state of the market. Here are a few very important pieces of advice that you should heed in order to have a successful time securing a home and closing the deal. 

Craft A Persuasive Offer

In many areas thereís a low inventory of homes and a high number of those seeking to buy. This means that youíre not guaranteed to get a property that you have made an offer on. Lowball offers might not be at all competitive and even insulting to sellers in certain markets. Often, you may need to make an offer of more than the asking price if youíre in love with a home. By working with your real estate agent and doing the right research, you can craft an offer on a home that will be compelling for sellers.    

Decide On Your Contingencies 

Once an offer has been accepted, itís time to get to work on those contingencies. Be especially mindful of financing contingencies. If something falls through in the process, youíll want to be sure you can get the deposit you made back. Also keep in mind that sellers love reliable buyers who have already been preapproved.  

Home inspection contingencies are another area of importance. After you sign the purchase agreement and the inspection is complete, youíre allowed to ask the seller to make repairs or provide you with a counter offer. While this can be one of the more nerve-wracking aspects of home buying, it has many positives. Home inspections protect buyers from purchasing a home that they canít live with in cases of extreme mold, termites and other environmental and structural issues. 

The appraisal contingency is also important. In order for you to qualify for a loan, the property must be appraised. The property must be valued at or above the purchase price. A loan will only be approved by a lender up to the appraised value. If your home loan is $400,000 but your home of choice is appraised at $390,000, youíll have a problem.       

Your Finances Matter Until You Get To The Closing Table

Donít go crazy with all kinds of purchases before you reach the closing table. Opening a new credit account at your favorite furniture store, for example, could lead to a disastrous surprise on closing day. Hold off on big purchases until after you secure your home. Also avoid making large transfers or deposits from your bank account. donít do anything to negatively affect your credit score

  

Know What To Bring To The Closing

Donít show up to the closing for your home purchase unprepared. Youíll need to have the following items: 


  • Photo ID
  • Checkbook
  • Cosigners 



Think Ahead


Be sure that you think of the future when youíre purchasing your home. Youíll need to have enough cash flow to pay for things like property taxes, home insurance, utility bills and even new furniture for your home. Plan your future mortgage payments accordingly. Some companies have payments that are monthly or bimonthly. 


While buying a home is a huge undertaking, with the right plans in place, the process will be as seamless as possible. With the right plans, the moving truck will be pulling into the driveway before you know it.      




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