Todd Finn -  RE/MAX Partners



Posted by Todd Finn on 5/6/2018

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.       

 





Categories: Uncategorized  


Posted by Todd Finn on 4/22/2018

One question that crosses many homebuyersí minds is ďWill it be cheaper to buy or build a home?Ē Thereís many pros and cons of both new and older construction homes. The price you pay is a big part of how the entire decision breaks down.


Initial Costs


Prices for existing homes vary widely based on where you live. The same principle goes for buying land and constructing a home. You can check on the specifics of the price per square foot in your area for more details. These costs could have the biggest impact on how you go about the path to homeownership and what area you decide to settle down in. 


Keep in mind that new homes are often more spacious. This drives the cost per square foot down, yet thereís more square footage in the home. 


Cost Of Upkeep


Any kind of home has its regular maintenance tasks and costs that are included with the job of homeownership. Landscaping, the servicing of appliances, the upkeep of filters, and heating and cooling system maintenance are all a part of owning a home. If you buy an older home, however, youíre guaranteed to have a few more costs to worry about. If appliances are on their last leg or the roof is nearing the end of its lifespan, youíre going to need to foot the bill for the replacement cost. 


A new construction home can have issues as well, but itís less likely to happen. The problems that happen in a new construction home are more likely to be due to building issues. Newer homes can, however, have a protection of up to 10 years with a new construction warranty. 


The Great Outdoors


When you buy an existing home, one of the major perks of it is that the landscaping is mature. Thereís no need to plant grass, bushes, and flowers because thereís usually something in place. Itís less of an expense to have something to work with when it comes to landscaping. Trees that have been strategically placed can often add a lot of value to a property. 


On the other hand, building a new home can add years to the process of a finished landscape for a home. Youíll need to deal with tedious upkeep and spend thousands of dollars to get the propertyís outdoor spaces looking green and beautiful. 


Energy Efficiency And Technology


If you buy a new home, you have the advantage of keeping up with the latest technology and energy efficiency standards. New construction homes are usually much more efficient than older homes. In a new home, you also have the advantage of being able to install smart technologies like thermostats and security systems to streamline with construction. These tools make your home more secure and easier for you to manage. 


There are a few different advantages to both buying an existing home and buying a new construction home. Your needs and your budget will determine the decision thatís right for you.





Posted by Todd Finn on 4/8/2018

If you plan to buy a home in the near future, there is no harm in attending an open house. However, for those who want to get the most out of an open house, it helps to plan ahead as much as possible.

Now, let's take a look at three tips to help you get ready to attend an open house.

1. Review the Home Listing

Although you may have already reviewed a home listing, it may be a good idea to take a second look at it. That way, you can double-check to ensure that a residence matches your expectations prior to attending an open house.

As you review a home listing, think about your short- and long-term plans too. If you believe a home corresponds with these plans, now may be the right time to check out this residence in-person.

2. Examine Your Homebuying Budget

When it comes to preparing to attend an open house, it may be beneficial to assess your homebuying budget. By doing so, you can ensure a residence falls within your price range.

Oftentimes, it helps to get pre-approved for a mortgage before you launch a home search. If you have a mortgage at your disposal, you'll know exactly how much you can spend on a home. And as a result, you can set up home showings and attend open houses for residences that match your budget.

3. Prepare a List of Questions

An open house provides an opportunity to walk around a residence and decide whether it is right for you. It also enables you to receive comprehensive insights into a home. Thus, you should put together a list of questions to ask during an open house.

Remember, there is no such thing as a "bad" question, especially if you're on the fence about buying a particular home. And if you enter an open house with a list of questions in hand, you'll be better equipped than ever before to determine whether to submit an offer to purchase.

Lastly, as you prepare to pursue your dream home, you may want to hire a real estate agent as well. Because if you have a real estate agent at your side, you can obtain expert guidance throughout the property buying journey.

A real estate agent can help you prepare for any open house, at any time. He or she first will meet with you, discuss your homebuying options and help you map out a homebuying strategy. Next, a real estate agent will set up home showings and keep you informed about open house events for residences in your preferred cities and towns. And if you discover your dream home, a real estate agent will help you craft a competitive offer to purchase.

For those who want to take the guesswork out of buying a home, it helps to work with a real estate agent. Contact a local real estate agent today, and you can receive plenty of assistance as you search for your ideal residence.




Categories: Uncategorized  


Posted by Todd Finn on 3/18/2018

Entering the real estate market and buying your dream home may seem simple at first. However, problems may arise that make it tough to secure your ideal house at a price that matches your budget.

When it comes to finding the right home at the right price, it helps to prepare. Fortunately, we're here to help you get ready to enter the housing market and ensure you can quickly and effortlessly discover your dream residence.

Now, let's take a look at three tips to simplify the homebuying process.

1. Create Homebuying Criteria

Purchasing a house is rarely easy, particularly for a property buyer who has no idea how to kick off a home search. But if you establish homebuying criteria, you can speed up the process of going from homebuyer to homeowner.

Allocating time and resources to create homebuying criteria is essential because it forces you to consider where you want to live and what amenities you want to find in your dream residence. Plus, once you have homebuying criteria at your disposal, you can start your home search and move one step closer to acquiring your ideal residence.

2. Obtain Home Financing

Home financing is paramount, particularly for property buyers who want to avoid the risk of spending too much to purchase a house. Thankfully, banks and credit unions can teach you about a variety of mortgage options and help you secure the financing you need to buy a home.

Typically, a lender will meet with you and outline your mortgage options. It also will explain the differences between fixed- and adjustable-rate mortgages and respond to any of your mortgage concerns and questions. Then, after you review your mortgage options, a lender will help you make an informed home financing decision.

Don't wait to get home financing, either. If you have home financing in hand when you launch a home search, you may be better equipped than other buyers to quickly submit an offer to purchase a home.

3. Work with a Real Estate Agent

For those who want to avoid challenges throughout the homebuying journey, it generally is a good idea to collaborate with a real estate agent. In fact, a real estate agent will do everything possible to help you identify and resolve homebuying problems before they escalate.

A real estate agent is a housing market expert and is happy to assist you as you proceed along the homebuying journey. If you are interested in houses in specific cities and towns, a real estate agent will keep you up to date about residences that become available in these areas. Or, if you want to submit an offer to purchase a house, a real estate agent will help you put together a competitive homebuying proposal. Best of all, if you have homebuying concerns, a real estate agent will address them right away.

Ultimately, buying a house can be easy. Use the aforementioned tips, and you can streamline the homebuying cycle.




Categories: Uncategorized  


Posted by Todd Finn on 2/18/2018

An open house is a big deal, particularly for a homebuyer who is intent on finding his or her dream residence as quickly as possible. If you plan ahead for an open house, you can make the most of this event.

Ultimately, there are many reasons for a homebuyer to craft a list of questions prior to an open house, and these reasons include:

1. You can optimize your time and resources.

Let's face it Ė few homebuyers have time and resources to spare. And if you attend an open house, it is important to do everything possible to maximize its value.

With a list of questions in hand, you can attend an open house and learn everything you want to know about a residence. Then, when you have answers to your questions, you can decide whether to submit an offer on a residence or continue your search for your dream house.

2. You can obtain in-depth home insights.

In many instances, homebuyers will attend an open house and leave with many questions about a residence. Yet homebuyers who create a list of questions prior to an open house can quickly gain the insights they need to identify their ideal home.

For homebuyers who want to obtain in-depth home insights, preparing a list of questions prior to an open house is a must. Homebuyers who ask questions about a house's interior, exterior, condition and age can learn about many different aspects of a residence. As a result, these buyers can use all of the information at their disposal to determine whether a house matches their expectations.

3. You can make the best-possible decision regarding a home.

Buying a house is rarely a simple decision. Fortunately, attending an open house with a list of questions can help a buyer make an informed decision about any residence, at any time.

When pursuing homes, there is no reason to leave anything to chance. By preparing questions before an open house, a homebuyer can take a data-driven approach to evaluate a house. And after a comprehensive assessment, a buyer can move forward with a home offer or reenter the housing market.

As you get ready to attend an open house, it may be beneficial to hire a real estate agent too. Because if you have a real estate agent at your side, you may be able to achieve your homebuying goals faster than ever before.

A real estate agent understands the housing market and its intricacies. As such, a real estate agent can keep you up to date about open house events and help you plan accordingly.

Perhaps best of all, a real estate agent will do everything possible to take the guesswork out of buying a house. If you ever have questions during the homebuying journey, a real estate agent is happy to respond to them.

Prepare a list of questions before you attend an open house Ė you'll be glad you did. By doing so, you should have no trouble discovering your ideal residence.