Tag Archives: Buyers

What Most Home Buyers Seek?

Why do people purchase a home, of their own, and does it correspond with, why they should? Before you commit, to investing, in what, for most, is their single, biggest, financial asset, it’s important to focus on what you actually seek, need, and hope to achieve, by buying a house! Open – your eyes, and consider, what you might need, to make this, one of the best personal decisions, and serves the best interests of you, and your family! With that in mind, this article will attempt to briefly consider, examine, review, and discuss, what this means, and represents, and why it should make a difference, for you.

1. Price and costs: While most want to live, in the nicest house, they can. and proudly, show – it – off, to their friends and family, what good is buying a home, if it makes your life, more stressful, etc? Objectively, and introspectively, consider, the impact of reducing your other assets, because of the amount of your down – payment. Will this create stress? How much are the monthly carrying charges, and can you, not only afford it, but do so, within your personal comfort zone? Do you have the necessary reserves, for contingencies, including; short – term employment gaps; necessary repairs; desirable renovations and/ or alterations, etc? Don’t become, house – rich, but hurt yourself, in terms of stress, etc!

2. Size and features: How many rooms do you need, and how does compare with what you want? What are your present needs, in terms of size and number of bedrooms, bathrooms, etc, and what do you anticipate in the short – term, and longer – term future? Are you ready, willing and able to maintain, and care for, whatever house, you purchase? Will you personally do the work, or will you hire someone else to do so, and if you will, how will that impact your overall budgeting, etc? Don’t overlook what most homeowners state, are the most important areas of a house, including the kitchen area, bedrooms (size and number), and bathrooms (number, location, etc)!

3. Intentions: Are you planning to stay, at the specific location, short – term, or the longer – run? Know what you seek, and plan accordingly. If you are buying, for now, and willing to move, when your needs, change, consider resale value, and emphasize present needs. Otherwise, look at the bigger picture!

4. Comfort zone: Know what makes you comfortable and happy, and do what’s best for you. People differ, and so, don’t try to Keep up with the Jones’, but, rather, do, what makes you happy, comfortable, and meets your personal needs, goals, and priorities!

A wise, aware home buyer, is, generally, the individual, happiest, with their decisions! Be prepared, and proceed accordingly, and smartly!

Home Selling Tips to Make Your House More Attractive to Buyers

Remember, first impressions count when selling real estate, which is why it is important to make your home stand out. There are several simple and basic things you can to do to sell your home.

Increase Curb Appeal

Landscaping can make a powerful impact to curb appeal. With spring on the way, there are several easy things you can do to make your home appealing from the outside.

1) Mow your yard with diagonal rows to make your yard appear larger.

2) Edge the lawn along driveways and sidewalks. This will show the buyer that you care and pay attention to detail.

3) Transplant tulips or other spring flowers near the walkway or anywhere in the front. Use bright colors, especially yellow because it stimulates happiness. Consider container plants also in groups of three to five and place near the entrance.

Home Staging

Stage your house as a home potential buyers can imagine themselves in. Remove extra furniture that clutters the space and arrange with maximum impact. This is a technique that model homes have been using successfully for many years.

When potential home buyers visit your home, remove all clutter and store out of sight (e.g. children toys from the family room, bills/mail/papers from the den, or make-up/products/appliances from the bathrooms).

Add a Fresh Coat of Paint

Another thing you can do is to paint your walls white (or a neutral color) if they are not already. A fresh coat of paint will make everything look cleaner and white walls let the potential home buyer imagine their own personal style in the home instead of yours. White walls also make every room feel bigger. Avoid dark colors which can discourage a buyer if they do not like the color and makes the room look smaller.

Pay Attention to Details

Remember to do the little things to make your house stand out. Details matter. Here are a few examples:

1) Wash the windows inside and out. Clean all the mirrors.

2) Set out fresh flowers with a clean and inviting smell.

3) Polish hard wood floors to shine and vacuum right before any showing.

4) Offer a shoe mat at the entrance and even an umbrella stand. This will encourage prospective buyers and agents to remove their shoes and help keep your floors looking great.

5) Fluff pillows and put out fresh towels in bright colors. Even consider replacing these items because they are inexpensive and can add interest to a room.

Home Buyers Now is the Time to Buy a House

I have been watching homes listings and sales in the Inland Empire, specifically Riverside and San Bernardino Counties, very closely.

What I have noticed is that since about the first of this year, a number of homes have been staying on the market a minimum of about 2 months, therefore giving you as a buyer more homes to choose from in any given area.

At this particular point in time, there are many, many homes for sale in all different price ranges, ages, and types.

It appears that the price of homes has stabilized quite a bit, plus many sellers are offering help with some of buyers closing costs.

You, as a buyer are being given more choices in the types of homes you can buy as well.

There are many properties listed for the first time buyer and can be found under the $400,000 mark.

This is beneficial to a buyer because the maximum amount of a new loan for a conforming interest rate is $417,000.

Loans over $417,000 are considered Jumbo loans and are subject to slightly higher interest rates together with a few different conditions.

Interest rates for conforming loan amounts are still good. If you purchase a home at or under the $417,000 amount you would still have a great interest rate even if you felt it necessary to use 100% financing options.

This alone means that you would not have to put a down payment and if the seller is willing to pay part of your closing costs, you could purchase that new home for very little out-of-pocket money. Some restrictions do apply and any new loan is subject to underwriter final approval and any conditions necessary to close the loan.

There are many, many different options for new loans from Pay Option ARMS to typical fixed 30 year loans.

One thing you, as a buyer, should remember is that you will want to employ a real estate agent of your own to represent you in the purchase of a home.

There is so much involved today with the purchase of a home that you really need someone to watch over you.

The agent who has the listing on a property you choose is not really the agent you want to represent you. That agent represents the Seller. You need your own representation.

Disclosures alone have become a huge responsibility for the buyer and seller. There are several new disclosures that must be completed and given to the buyer.

You as the buyer should make sure you have a physical inspection done of the home you choose to purchase, even if it is a newer home, as you never know what repairs may be needed.

With the help of your own personal real estate agent, that agent will make sure that everything is completed properly and that on the day of the closing your escrow you are excited to be moving into your new home.

If you are a renter, you might be surprised to find how easy it is to buy a home.

From what I have heard, renting can be very expensive so why would you want to continue to pay your landlords house payment when you can be paying your own house payment and gaining net worth at the same time.

If you are worried about your credit score, not to worry, there are so many loan programs out there, that most folks can truly buy a house.

Patti Schopper

My views and comments are based on my personal research and should not be construed and anything else. Contact me with any questions: