Five Common Mistakes First-Time Home Buyers Make

Contemplating buying your first home can be stressful. With so many things to consider and decide on, where do you start and what obstacles may you face along the way? Here are a couple of pitfalls you should try to avoid if you are a first-time home buyer.

Not Visiting Enough Properties Before Deciding to Buy

One mistake you should never make is purchasing a house on a whim. This is not one of those decisions you get to be spontaneous about. Think about it from the perspective of making any random purchase e.g. buying clothes. You’d probably try out three to four shirts before picking the best when shopping. If you’d do that for a minor purchase, then it’s perfectly logical to go through at least 20 properties before settling on the best house to buy! The good thing about checking out several properties is that it gives you better insight about different types of homes, the neighborhood you want to settle in and what amenties best fit your lifestyle that each listing offers. Of course, if you fall in love with one of the first homes you see, don’t lose out on it because you are worried you are making a decision too quick. If it’s your dream house…go for it!

Working with a Rookie Real Estate Agent Because He’s Your Friend or Relative

This is not the time to help out your cousin who just qualified as a real estate agent last year. When you realize that the house you buy will be one of the most important assets of your life, you know that you should work with only the best local real estate agent you can find! Finding an experienced real estate professionals might take some more research, but with a little bit of patience you’ll figure out who the best agent is for the job.

Financial Missteps

Before you consider buying a house, you need to check how much mortgage you can afford and also learn about the hidden costs of buying a home. This way, you’ll be able to tailor your search towards houses that are within your budget instead of wasting valuable time visiting properties you can’t afford. Also never underestimate the closing costs and use a reliable closing cost calculator to not be surprised by a huge closing costs, which can be 2-4 percent of your home price. There also the regular homeownership costs after you get your home – you don’t want to buy a home and then find out you can’t afford the monthly mortgage payments, let alone your maintenance fees and property taxes. It’s a good idea to check your future monthly mortgage payment by using an accurate mortgage payment calculator as well as check your annual property tax

Not Giving it Enough Time

Setting aside enough time to process all the important aspects of buying a house is one of the wisest things a home buyer can do. Because the buying process is time consuming, the time interval between when you start looking and when you close on a house can be as long as five to six months. This is essential if you want to find the right property. Also remember that it usually takes between two and three months after putting out an offer for you to close in on a property.  

Choosing the Wrong Property Type

Buying a house should never be based solely on emotions. You need to purchase a solid property type which can serve your needs for at least the next three years. This is one decision that’s solely yours, as you are the only one who knows the right property type that would serve your and your family’s needs properly. For instance, if you have a couple of kids, or you plan to have more kids within a short time span, a small condo apartment would not be the best option for you. Instead, you would need to consider detached homes with more space and freedom for your kids to play in. Live with grandparents who find it difficult to climb the stairs? You’ll need to look out for properties that are easily accessible from the ground floor. Practicality should be the bedrock of your decision making when buying a house.

Making Your Decision

Ultimately, it’s up to you to choose what kind of house would best serve you over the next couple of years. If you choose to be a rational buyer, you would belong to the class of satisfied buyers who have bought the right kind of property. This is the best place to be!

Realty Executives of Cape County Named Market Leader of 2019

Realty Executives International is excited to announce that Realty Executives of Cape County, of Cape Girardeau, Missouri, has been named a 2019 Market Leader for the international real estate franchise. This award is given to franchisees with 100+ agents, 1000+ transactions, or 20-plus percent market share (based on transactions in the MLS).

Realty Executives of Cape County, celebrating 16 years in business, has successfully completed over 1,400 transactions in 2019, representing a remarkable 48 percent market share in their local market.  

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Best Dog Breeds for Apartment Living

Want a dog but worried they might not be happy in an apartment setting? No worries, there are plenty of dog breeds that thrive, living in close proximity to their human. When you look for the best breed to live with you in an apartment, there are a few things to consider. Not all small dogs make great apartment dogs, and not all large dogs are terrible apartment dogs!

You need to consider their energy levels, how much they bark (your neighbors won’t thank you for getting a loud dog in a smaller complex) and how much exercise they need. 

Here are ten of the best suited apartment dogs to keep you company in your small space. 

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Five Outdoor Features That Will Boost Your Home Value

Home buyers are more than responsive and attracted to open, livable spaces that are both earth-friendly and stylish. Other than energy-efficiency, outdoor living features are another trend that’s changing the landscape of home design. 

Not only do these features optimize the home life of your family, they significantly boost the value of your home as well. So, if you want to turn your property in a home buyer’s dream and future money make, these are the five outdoor features you should consider adding to your home.

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Realty Executives International Launches First Proprietary Home Listing Platform

Finger pressing touch screen interface with several houses

Realty Executives is the first real estate franchisor to replace its third-party Multiple Listing Service (MLS) aggregator with a proprietary home listing platform. This new technology eliminates the third-party challenges of incomplete and delayed listing information, ensuring Realty Executives has the most comprehensive, up-to-date and consistent home listings available. 

Needing access to hundreds of separate MLS feeds, international real estate companies have had to partner with MLS aggregation and standardization companies in order to provide a comprehensive list of homes for sale. However, these listings are often incomplete because of broken feeds third-party vendors have not addressed. Realty Executives decided to connect directly to over 70 MLS feeds in order to provide their brokers, agents and customers access to the most thorough and up-to-date listings available.  

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Coping With Moving Away Before the Holidays

If you’ve just moved over the summer or right before the holiday season starts, it can be hard to cope with your first holidays being away from family and your hometown. But there are some things you can do to help ease the pain of being far from family during the holiday season. Here are some tips for creating lasting memories and making the holidays enjoyable even after a big move.

If you can’t visit…

Start your own traditions:

If you’re unable to visit your extended family after the big move, you can start your own traditions within your own family. Whether it’s creating a new Thanksgiving recipe, looking for amazing Christmas light displays in your new neighborhood, or getting the kids involved with decorating your home home, there are plenty of new traditions you can start.

Have a virtual visit:

You can also have a virtual visit with the rest of your family members. If everyone gets together for a big holiday party, or if you’re apart from someone you love for the first time, offer to have a phone or video call to make the distance feel less drastic. You’d be surprised just how much better you may feel getting to chat (even if it’s brief) with the ones you miss the most during what’s supposed to be the most wonderful time of the year.

If you can visit…

Make your attendance the gift:

If you’re able to visit but money is tight (as it typically can be during the holidays), make your attendance during the holidays the gift you’re giving to your family. Flights and gas can be expensive, and holiday travel can be draining, especially if you and your spouse have children to take care of. So go home for the holidays, but don’t worry about the expense of holiday gifts on top of the visit.

Switch off every other year:

After a big move, it can be overwhelming to think of traveling every holiday season. So you and your extended family can work out a schedule to switch off visiting each other every year. Maybe your parents or other extended family can visit you for your first holiday season in your new home, and you can travel to them the following year, or vise versa. Establishing this schedule can also allow you to look forward to the holidays instead of dreading them.

Overall, consider this a fresh start.

The holiday season can be a fresh start for all of us. So remember that your first holidays in your new home may be hard to cope with, exciting, or a full range of emotions in between, but they are also a time for togetherness and remembering what’s most important. And no matter what, the new year is just around the corner.

Is an Installment Loan Right for You?

The dream of home ownership is one for many and one of the more costly dreams at that. Along with the purchase of the home, you have maintenance, bills and unforeseen expenses. So how do you move forward with this dream? An installment loan may be the right home loan for you. Read below to see if this type of investment is right for your budget and lifestyle.

Installment Loan

An installment loan is a type of loan that companies, banks, and lenders offer for you to buy your own house. Installment loans work by lending you an amount of money that you have to regularly pay until you have repaid what you borrowed plus the interest. Some installment loans require the borrower to hand over something of value as collateral for the money borrowed until you finish the last regular payment. The regular payment is called installments. 

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