Are you in the market for a new home and tired of sifting through conflicting advice on the internet? Look no further. As a blog writer for Oakstrand Realty, we have compiled the most essential and legitimate tips for your home buying journey.
Perform a Sex Offender Search
When considering a potential home, it is crucial to perform a sex offender search in the area. While real estate agents are not obligated to disclose this information, it is important to be aware of any potential risks, especially for families with children. Be sure to thoroughly review the offender's history to determine the level of risk.
Check Lease Length and History for Rental Properties
If you are interested in purchasing a rental property, be sure to check the lease length and history of current tenants. Some sellers may attempt to attract buyers by hiring short-term tenants, leaving you responsible for finding new tenants once the property is sold.
Install a Safety Fence for Water Features
If the property you are considering has a pool or other water feature, be aware that you may be required to install a safety fence. This will help prevent any accidents involving small children and protect you from potential liability.
Research the Neighborhood
Before making a purchase, thoroughly research the neighborhood. Look into the crime rate, school system, and homeowners association. Remember, you are not just buying a home, but also becoming a part of the community. Ensuring a good fit can save you from future stress and expenses.
Network with Other Investors
If you are interested in real estate investment, networking with other investors is crucial. This can provide valuable information about the local market, investment costs, and available opportunities. Experienced investors can offer helpful advice that could save you thousands.
Prepare for the Move
When preparing to move, pack a separate suitcase with essentials such as clothing and toiletries. This will make it easier to access necessary items until you are fully unpacked at your new home.
Be Prepared for Dual Mortgages
If you find yourself in a situation where you need to purchase a new home before selling your current one, be sure that you can afford both mortgages for an extended period of time. This will prevent any financial troubles with your original property.
Start with a Fair Offer
Whether buying or selling a home, it is important to start with a fair offer. Asking too high a price or making too low an offer can hinder negotiations. Research comparable homes in the area to determine a reasonable starting point.
Bring a Contractor to Open Houses
If possible, bring a veteran rehab contractor to open houses. Their experience can help identify any potential defects that you may overlook. Having a professional opinion can be extremely beneficial in the home buying process.
In conclusion, it is important to be cautious of the advice you receive when buying real estate. Make sure you have accurate and concise information to guide your decisions. We hope these tips provided by Oakstrand Realty will be valuable in your home buying journey.