Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it.

We are here to help you from the beginning of the home buying process through closing and after.  We have great knowledge in getting buyers approved, helping everyone know how to increase your credit scores. Everyone has different needs and we have the experience to know how to help you.

We have a client care program for you to find the right vendor for your needs.  See our Affiliated Partners.

Please reach out if you have any questions at all. We’d love to talk with you! 352-266-2637

April 25, 2020

Real Estate Closing Terms

Do you want to understand real estate closing terms? A contract is a legal and binding agreement.  Do NOT take it lightly.  If you ever attempt to read a real estate contract, you will quickly find that this paperwork is packed with a slew of terms you might not be familiar with.  I will cover some of the most common terms you’ll encounter in a real estate contract.

Consider this your cheat sheet for closing terms:

Earnest money

Also known as “good-faith money or escrow deposit”.  It is an agreed upon amount put up by the buyer and generally held in escrow or trust, by a title company or a lawyers office.  This is to show the buyer is serious about purchasing the home. Buyer must deposit the money within 3 days from an executed contract.

There is no defined amount, but earnest money generally runs about 1% to 2% of the purchase price. When the purchase is complete, that money is applied towards buyers closing costs or down payment. If the contract doesn’t go through both parties must sign off on where the money will be released to.

Effective date

The date that the last party signed or initialed any terms and/or changes in the sales contract. This is often the date that starts the clock on the contract’s various deadlines (e.g., that a home inspection must happen within 10 days).

Due diligence

The contract’s contingencies (see below) provide the buyer a period to conduct due diligence, which essentially means doing homework. If the buyer discovers the negative information regarding the property during this time, he can cancel the escrow and receive a refund of his earnest money, In the inspection period the buyer has the right to do any kind of inspections they want, to decide if the home is acceptable to them.

Contingencies

Contingencies are requirements that must be met before a real estate deal can close. The customary ones for the buyer’s loan are property appraisal, financing, home inspection, disclosures, and a title report. The specific contingencies are set and agreed upon by the buyer and seller on the contract.

Disclosures

Sellers may disclose to the buyer everything they know about the home since they’ve owned it, whether it’s good (there’s a brand-new roof) or bad (the basement leaks during heavy rains) on a property disclosure. A seller who intentionally withholds information is committing fraud, so when in doubt, it’s best to fess up!

Inspections

A buyer can do any inspections within a time frame that’s mutually agreed upon with the seller—typically within seven to 14 days of an accepted offer. After an inspection, the buyer can:

  •        Accept the property in the current condition and move forward to closing.
  •         Release and cancel the contract
  •         Ask the seller to repair issues discovered at inspection. If the seller counters with a lower sales price or rejects the repair request, the buyer has the right to terminate the contract and keep the earnest money.

Title search

A title search basically confirms that the property is owned fair and square by the seller, who can then transfer those rights to the buyer. The tile search will make sure all liens or encumbrances are cleared before the buyer closes. Occasionally, a home’s title can be compromised by long-lost heirs or liens by contractors who did work on the property but never got paid.

Kick-out Clause

If the buyer needs to sell a home in order to finance the purchase of a new home, the seller may decide to include a “kick-out clause” that allows the seller to continue to show the house and accept back other offers.

If the original buyer can’t fulfill the conditions agreed upon then the seller can “kick out” that buyer and go with a new offer, rather than waiting indefinitely to close the original deal.

Appraisal

If a buyer is getting a mortgage, the lender requires the buyer to pay for an appraisal. This is where a third party comes in and estimates the value of the house, with a comparable home in the same area.  The home must appraise for the purchase price for the lender to loan the purchase price to the buyer. (If a buyer is paying all cash, an appraisal is optional.)

Closing

This is the final stretch of your real estate transaction that involves bringing together lawyers, title companies, Realtors, buyers, and sellers. At the closing, the buyer will provide the funds to purchase the home. It’s also when you get the keys to your new home—in other words, it’s time to move in and celebrate!  Buckner Homes Realty will help you through the sales process and the buying process. We make it easy.

This a few of the word you will need to understand while going thru the home buying or selling process.  Find out more with the ABC’S of Real Estate and Call Rhonda for Help 352-266-2637.

Posted in Buyers
April 25, 2020

Why Hire a Realtor®?

Why Hire a Buckner Homes Realty Realtor®? We are professional members of the National Association of Realtors®, and we can help you buy or sell a home, investment property, commercial property, vacant land.  We help you get the best deal.  As a Realtor® we abide by strict code of ethics and professional standards.

For most Americans, a home is the most expensive purchase they’ll make in their lifetime. It’s a serious transaction with significant financial and emotional ramifications for the parties involved, and having proper representation is critical. So, what’s Buckner Homes Realty going to do for you … and is it really necessary to hire a Realtor®?

What does a Realtor® do?

In 2017, a full 89 percent of buyers used a real estate agent, and so did 88 percent of sellers. Realtor® representation during a real estate transaction is important for both buyers and sellers. All agents with Buckner Homes Realty Inc are  Realtor’s®.  Here are six of the chief reasons:

They take on fiduciary responsibility

When you work with a Realtor®, their fiduciary responsibility is to you. That means you have an expert who is looking out for your best financial interests, an expert who’s contractually bound to do everything in their power to protect you. That’s big—the value of that commitment cannot be overstated. “For more than 100 years, Realtors® have subscribed to the NAR’s strict Code of Ethics as a condition of membership,” says National Association of Realtors® President. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”

They keep up with changing real estate regulations.

Buying or selling a home is not like purchasing a plane ticket. Every home is different, and laws change every year and vary from state to state. Generally speaking, people purchase a new home every 7-10 years, and a lot can—and usually does—change between transactions. Realtors® are immersed in real estate, and they must stay current with all the updates in regulations, laws, contracts and practices. Once you retain your Realtor®, they put that knowledge to work for you.

A Realtor® helps you find the right home, beyond square footage and baths.

Browsing online is a terrific way to start a home search—in fact, almost 90 percent of people start their home search online. But when it’s time to buy, knowing all the pros and cons of a property can help you make the right decision. Realtors® live and breathe real estate, and they can share information about a home that you wouldn’t otherwise know. For example, they can tell you about the perils of polybutylene piping (a plumbing material that’s prone to bursting), or the concerns with FRT plywood (a roofing material that can spontaneously combust in higher temperatures, like those in attics). Your Realtor® can go beyond the aesthetics and tell you important details about homes you’re considering.

Contracts and negotiations

Finding the right home is the fun part. Then the real work begins. Today’s contracts can be 50 pages long, not counting addendums and riders. Realtors® can help you navigate these complex documents and craft an attractive offer that makes sense for you. Plus, when it comes to negotiation, your Realtor® is your advocate and can bring an objective voice to a very subjective situation.

Realtors® follow a code of ethics

When you work with a Realtor®, you’re partnering with a professional who operates according to a strict code of ethics. In place for over 100 years, the Realtor® Code of Ethics ensures that consumers who work with a Realtor® are treated professionally and ethically in all transaction-related matters.

Every agent with Buckner Homes Realty is a Realtors®.  We strive to HELP you through the home selling and buying process, before, during and after the sale.  With our knowledge and experience your transaction will run smoothly.

Posted in Buyers
April 25, 2020

ABC'S of Real Estate

Do you know the ABC’s of Real Estate in Ocala Fl.?

What do all this words mean?  What is the definition of the words Realtors use all the time?

Here is a list of helpful definitions that you will need to understand when Selling or Buying a home.

Appraisal: An estimation of a home’s market value by a licensed appraiser based on comparable recent sales of nearby homes. Ordered by your lender .

Backup offer: An offer on a home under contract that becomes active if the primary contract fall through.

Contingent offer: An offer that is accepted by the seller, but certain conditions must be met before the sale is final.

Down payment: The percentage of the home purchased price (usually between 5% and 20%) paid to lender at closing.

Escrow: A neutral third party that holds funds from the buyer and distributes them when all conditions have been met.

Federal Housing Administration (FHA): The government agency that insures loans designed for low- to moderate-income borrowers. One can purchase a home up to $275,665 with FHA loan.

Good Faith Estimate (GFE): A form used by lenders to give to borrowers with an estimate of fees due at closing. This form was replaced by the Loan Estimate in 2015 Now called CD

Homeowners Association: A management organization within a community, subdivision or neighborhood that creates and enforces rules for properties within its jurisdiction.

Inspection: An examination of a property and its systems performed by a qualified professional, usually within 15 days of signing contract and before the sale of a home.

Jumbo mortgage: A mortgage that exceeds the conforming-loan limit, commonly used for luxury home purchases.

Key rate: An interest rate set by the federal government that determines the cost to borrow money—in this case, a mortgage to buy a new home.

Loan-to-value (LTV): by lenders. To calculate the LTV, divide the mortgage by the appraised value.
The risk assessment ratio used

Multiple Listing Service (MLS): A database for real estate agents to list and market for-sale homes.

Net proceed: The amount received by the seller at closing after all other costs have been deducted.

Open house: An event hosted by a listing agent to showcase a home to potential buyers.

Pre-approval letter: A letter indicating that a lender is willing to loan a specific amount of money for a home purchase; pre-approval does not guarantee a loan.

Quitclaim deed: A deed that transfers property rights without any validation of ownership; typically used between spouses and family members.

Real estate owned (REO) property: A repossessed property owned by a lender after an unsuccessful sale at auction

Seller disclosure: A document completed by the seller disclosing what they know of the property’s history and defects.

Title: The right to ownership of real property recognized and protected by the law.

Under contract: A buyer has submitted an offer and the seller has accepted, but the closing is not final.

VA loan: A mortgage loan for veterans and their spouses made by private lenders and guaranteed by the U. S. Government.

Walkthrough: The final inspection conducted before a home sale is final.

X marks the spot: Where you sign for your dream home!

Yield-spread premium (YSP): The amount a lender pays a mortgage officer for selling a loan with a higher interest rate than the par rate.

Zero lot lines: A residence built very close to—or directly on—the property line.

 

If you would like help with the home buying process, call Rhonda 352-266-2637.  Here is some great info on the home buying process and how it works.  Buckner Homes Realty is the best agent to help you sell or buying.

Posted in Buyers
April 25, 2020

Do you really need a REALTOR?

Everyone knows a Realtor in Ocala.  Do you really NEED a Raltor? A list of them are just a click away. You probably have a good idea of what you want or need in your future residence but do you know what to look for in a Realtor?  Nevertheless, there are many good reasons why nearly 90% of all people who purchase homes today opt to have a real estate professional on their side:

You NEED  Representation.

You NEED a good Realtor, one from Buckner Homes Realty  will have a fiduciary relationship with you that protect you, allowing you to be able to shop with confidence, and security. Agent’s responsibilities:

  • Loyalty: Your Buckner Homes Realty REALTOR® must be loyal to you and work in your best interests only, even if that is above their own best interests. You are their #1 highest priority during a real estate transaction.
  • Confidentiality: Your Buckner Homes Realty REALTOR® must keep anything you tell them private and confidential. In other words, your price, terms, motivation, and personal information are all kept under a tight lip.
  • Disclosure: Your Buckner Homes Realty professional has a vast wealth of knowledge about the real estate transaction process. They will share anything they’ve learned from their years of experience to help set you up for success. This allows you to know you are always making the most informed decisions.
  • Reasonable Care: As a client of Buckner Homes Realty, you are the most important person to the transaction. We will always attempt to be available when needed and will make sure to help you locate the best possible home for your family.
  • Accounting: The real estate transaction is a challenging process. Your Buckner Homes Realty REALTOR® is accountable for ensuring that the transaction runs smoothly, all the pieces fall into place as expected.  We co-ordinate everything to make the process as stress free as possible.

The Selling Agent Has An Obligation To The Seller.

You do not get the same representation if you use the listing agent.  You do not get a better deal on the price or terms if you use the listing agent. The Listing agent’s job is to secure the best possible deal for the seller, which may not be in your best interests. You deserve to have someone on your side who is looking out for you. Hire Buckner Homes Realty as your buyer’s agent.

Your Agent Has Extensive Knowledge Of The Current Market.

Each neighborhood and each city follows different trends. Your local agent knows what is happening in their area of expertise. Buckner Homes Realty Agents listen to what you want and show you homes to fit your criteria and needs.  Our agents know the market and what homes are currently selling for, which can help you better gauge how to get you a great deal.

Viewing Homes.

Buckner Homes Realty Agents help co-ordinate showing of all the homes you want to see. We co-ordinate viewing homes on your time frame. We can show you any home out there.  We are here to help you find the best deal.

Lenders Who Are Best-Suited To Your Needs.

Getting financing can be difficult. Your agent knows which programs are available, and which lenders are currently offering the best incentives for borrowers.  Get to know how mortgage work.

Agents Are A Valuable Asset During The Negotiation Process.

Buying a home is an emotional process, and a neutral third party will look out for your interests so you get the best possible deal. We fight for you.

An Extra Layer Of Protection During Home Evaluations And Inspections.

When you have someone representing you who understands how things should be done, they tend to happen as they should. Without representation, it’s easy to be taken advantage of during the home inspection process.  Your agent will know if there are any problems that the seller is required to take care of.

Navigating The Closing Process To Make It Easier For You.

There’s a lot of paperwork and people involved in the closing of a home. Your agent will co-ordinate with everyone, so it will feel like all you had to do was sign. Your new home will likely be one of the biggest investments you ever make, so it’s imperative to have someone looking out for you throughout the process. Your Buckner Homes Realty agent will make it easier, safeguard you, and help ensure you’re getting a great deal. It’s not so much a question of whether you need one, but rather, of whether you can afford to accept the risks of not having an agent by your side. This is why you always want to work with a Buckner Homes Realty REALTOR®.

Posted in Buyers
April 20, 2020

Home Buyer Process for Buyers

Home Buying Process with Buckner Homes Realty Inc. is different than with any other realtor.  Our agents have the same values, which are to help the customer.  Every customer is different and their needs are different.  Buckner Homes Realty Inc. is Ocala’s Realtors that help before, during and after the sale.

Home Buying Steps

1st          Hire Buckner Homes Realty Inc.

2nd        Let them recommend lender

3rd        View homes

4th        Homeownership

Once you hire Buckner homes Realty as your buyers agent, you will get a lot of information on the next steps.  You ask what needs to be done before you buy a home?  A lot.  Every buyer needs contact the recommended lender to find out how much they qualify to purchase before they start looking at homes.  Many times we help them fix their credit or help them know the problems that need tweaking.

Once you have your approval Buckner Homes Realty is ready to help you find your dream home.  Your agent will discuss with your dream home.  Then it is our job to find it for you.  Viewing home will be fun.  We could find it on the first try or maybe take a few days to find the right home.

During the home buying process we walk you step by step, coordinate everything and help with any obstacles that come your way.  We make it easy for you.

It is vitally important to be honest and upfront with the lender and Realtor. They are here to help you.  In the loan process they will find everything and it is easier to fix upfront then in the middle of the deal or lose your home because of a misunderstanding.

Review the steps of the home buying process and if you have any questions big or small, call 352-266-2637 or email Rhonda@BucknerHomesRealty.com.

Posted in Buyers
April 20, 2020

PLANNING ON PURCHASING YOUR FIRST HOME?

HERE'S HOW TO CONTRIVE FOR THESE CONCEALED COSTS

Plan for future financial needs because they will surely occur:

There’s an undisputed feeling of joy in you when you finally secure that perfect home you have been looking for; you know the one with the nice neighborhood, impressive house and the perfect price also. But you will later find out that the price is far from being flawless. This is because buying ones first home requires preparation for additional and unforeseen expenses. These often catch first-time home buyers unaware and may have you financially stranded in your new home.

Prepare for the unforeseen

After paying for the house doesn’t expect expenses to stop .there are more costs to cater beyond that. The former owners of the house you are buying pose the major factor in determining your moving-in expenses. For instance if large appliances e.g. refrigerator are taken along by the previous owners while moving out, you know you have to buy another for replacement. Other things to look out for are improvements on the new home.

While these costs may seem hidden, they all add up to a substantial amount if care is not taken.

It is advisable to employ home inspector to help look out for any faults within the new home, although hiring them will cost money also.

There are also insurance for home owners to watch out for, it is quite useful at times.

 Consider those things that make you comfortable and puts you at ease

Hers another pertinent cost you must plan for. So while purchasing your new home put in mind your own comforts which may include basic appliances like cable and payment of utility bills. If you can’t live without cable, you must confirm if your new home is wired for cable .if not it may be difficult for you to see the walls of your new home being punched with holes around. Utility bills for home owners tend to be higher than when you were renting an apartment .For you will find yourself paying for waste disposal , water etc. that you were never used to.

Make adequate researches on potential homes and plan for them

Adequate Research and planning makes encountering the unknown and unexpected very easy .This involves drawing a budget plan before and while hunting for a house .

For  homes that fall within your budget and require improvement , make researches on how much it will cost you for those improvements. You won’t want to predict amount below your budget and find out later that it’s actually beyond :much more higher than worth you planned for.

And also be very much prepared by making researches into home insurance and prices of properties in your desired areas before buying the home.

Make clearly defined decisions on how much you will be willing to drop for down payment, you may then consider how much remains for catering for improvements and other minor expenses. It all still balls down to getting a home within your budget that is improvements included.

Be very conversant with your budget and plan for the future. Purchasing a home for the first can be a whole lot easier once you have planned for it and you know what you are getting into.

Posted in Buyers
April 20, 2020

7 TIPS FOR FIRST TIME HOME BUYERS

TIP 1: Be sure if you are getting the house at the price that is close or at the same level with prevailing real estate’s price. You might not be sure about the price and it is always advisable to check for sold home prices on popular real estate websites.

Real estate websites will give you price and idea on how much you should pay for your desired home.

TIP 2: Most times, first-time buyers always find it difficult to repay mortgage because of the high monthly payment. This can be caused by little or no research and inefficient planning before getting a mortgage.

A mortgage calculator is ok but a GOOD loan officer is a must

TIP 3: It is advisable you add housing cost to your planning list before getting a home. Know homeowners insurance and property tax is included  into the monthly mortgage amount.

When renting you do not have to think of those costs. In some cases and areas, taxes double the amount to be paid for the mortgage.

To have an idea of how much insurance can cost, choose a property you will like and call up the insurance companies to give you the exact amount that will be paid. To get details about Property tax, it is on public tax web sites.  Your Realtor is the best help, ask questions.

TIP 4: Calculate the amount that will be spent on closing. The closing cost include but is not limited to lender fees, tax and insurance, title and settlement fees and other prepaid fees like the homeowners association charge.

TIP 5: Set up a budget before shifting to the new home. Fannie Mae stated that spending over 30% of your income on household expenses can make one house poor.

TIP 6: Gather enough information from the real estate agent. Keep yourself abreast about the rise and fall in price and the local climate.

TIP 7: Getting a new home is an investment. Therefore maintenance is key to keeping the home in good condition.

In conclusion, jumping into decisions without following due process can make you find house buying difficult. Follow the steps/ tips explained in the article and enjoy the process of buying your first house.  Contact Buckner Homes Realty, they are here to help you and make it easy for you.

Posted in Buyers
April 20, 2020

FIVE ERRORS YOU DON'T WANT TO MAKE BEFORE PURCHASING A HOME

Buying that home you have planned for is possibly the most important and exciting thing in your life. If you want to make this feeling a lifelong one, it is very important you give full attention to the basics of home buying in order to make a knowledgeable decision. Below is the list of frequent errors you need to stay clear of before you begin the house buying process.

Not confirming your credit report

It is crucial to examine ones credit report to confirm if one is eligible to secure a home loan. Knowing what is on your credit and fixing problems that are on there will help your score.  Contact a good lender and he will explain anything that needs to be done so you are ready to buy your home. You may then hunt for a home, with Buckner Homes Realty ,as soon as you get pre approved.

Not devoting full awareness of some hidden costs

While one’s creditworthiness is useful for securing a particular home loan amount, it is important to note that a real estate purchase does not equal the property’s price. The home-buying process includes several hidden costs which include charges, renovations, taxes and interior decorations of your new home. These costs may look okay, but they really amount to a substantial figure from your finances and may affect your budget.   Buckner Homes Realty will help you recognize cost to come in near future when viewing homes.

Lack of adequate planning ahead

Right now buying is cheaper than renting.  If you want to buy a home you will need to plan on saving some money.   Minimum of $2,000 is needed just for inspections, escrow and lender application fee.  Then you will need down payment which varies according to which loan you qualify for and then is closing costs.  Buckner Homes Realty Realtors know of different ways of helping you save money. We want to keep money in your pocket.

Choose an unexperienced real estate agent and lender

One common mistake usually committed by home-buyers is picking the real-estate agent from a photo or the listing sign. A knowledgeable agent will be very knowledgeable with market trends, prices and right properties. Try to be a wise buyer by conducting your own research.   Rhonda with Buckner  Homes Realty has over 25 years of experience and knowledge to help their customers home buying process go smoothly.  Buckner Homes Realty agents work closely with lenders that have the most loan programs available for their buyers.  We look out for our buyers.

 Not having all dealings in writing

The seller should not be the only one you will get a paperwork done with; it should also be done with everyone included in the home-buying process that includes the real-estate agent and also the money lender.  Hire a Realtor. Buckner Homes Realty.  Then you know that everything will be done legally.  Remember once you sign the contract you will have to fulfill the contract date and terms.   Realtors help you and keep you on track call Buckner Homes Realty for help 352-266-2637

Posted in Buyers
April 20, 2020

IMPORTANT FINANCIAL CONSIDERATIONS FOR PURCHASING A HOME

Not all home buyers possess the knowledge that they have to save  for down payment, save for repairs ,in order to be able to bear the monthly expenses of home ownership  and other financial considerations that stands to be gained from owning their personal home . It is very important for first time home buyers to understand, consider and be very wise in order to make their decision making an easy process. In consideration of all these, this post aims to discuss and analyze crucial, important financial considerations for purchasing a home.

  1. Payment of Tax

Tax deductions for those living in the upper class region especially the tax payment involving home ownership is now considerably lesser than what it used to be, this being up to around $10,000 in tax payment, from the federal tax return, as well as payment of both the state and local taxes. So if you still have doubts about the benefits of home ownership versus renting, then you should consider that factor. Home ownership is much more beneficial, economical than renting due to the appreciation and equity involved.

  1. Mortgage interest

Mortgage interest, in consideration of the amount paid is tax deductible e.g. one million dollars mortgage, looking at this, you may purchase if it’s sensible to you. So as a wise consumer, you must consider if your monthly expenses are within your budget and capabilities, and also your pleasures etc.

  1. The Real Estate Market

 You should know that when it comes to real estate, the local areas differ from each other in terms of appreciation and depreciation i.e. certain regions appreciate more and depreciate less than others. However what should be of priority is whether the location of the home of your choice meets your needs and desires before purchasing, this is because unlike renting, buying a home entails bigger commitment that renting.

  1. Have a Competitive Market Analysis (CMA) conducted on the home

You should never buy a house unless you check to find out it’s worth, this is to actually reflect what you paid for it. The best way to do this is to get an expert, real estate agent to carry out a well-considered, suitable Competitive Market Analysis CMA.

  1. Check if the assessment correlates with the amount paid

It is very crucial for you to carry out an assessment on the property you are about to purchase for the price offered or else you won’t get the mortgage you need. Mortgage lenders only give mortgages based on the value gotten from the assessment, not on what you have to offer. So if the home you are purchasing has a value not as high as the amount you are willing to pay, you need to present a much bigger down-payment in order to make up for the difference.

As a wise buyer, you need to study a lot of crucial factors and above financial considerations should not be omitted. They make you a very intelligent home buyer.

Posted in Buyers
April 20, 2020

TOP TEN THINGS TO EVALUATE WHEN BUYING A HOME

It’s an undisputed fact that buying a home is a lifetime investment that requires caution. You need to be very careful not to but the wrong home or buy a home in the wrong neighborhood.

There are a series of steps that should be followed to get your dream home.  It is always recommended that you get a professional home inspection. Here are 10 things you should evaluate before buying a home so you know if you want to continue with contract or get out.  Also you can use the home inspection summary as a to do list.

The roof

The roof is the house covering and it is what keeps you and your belongings safe. It also shields you from unfavorable weather conditions. Therefore, if you would be buying a house, ensure the roof is in good condition. Most loans require the roof to have 3 to 5 years left of life.

The plumbing system

The toilet flushes, drains, faucets in the bathroom, water pressure and lots more need to be in good condition. Ensure the house plumbing system is in good condition so you won’t spend on plumbing work when you get to your new home.

The floor plan and size

Your home is for you and your family; ensure you choose a home size that can accommodate you and your family. A larger home may cost more but it is worth the investment if you know your family is growing. Location The location where you want to buy a home is instrumental in making a decision. Not only does the location affect the price, but it also affects the value, security, and availability of the home. Make sure you are buying a home in a safe place. Also, consider the proximity of home to the workplace, school districts and shopping.

Electrical systems

The electrical system in the home must be working properly to avoid accidents, injuries or added cost for repair. The home inspector will tell you if the electric panel is old or if the wiring is updated or if the panel is acceptable to insurance companies.

Kitchen Appliances

The kitchen is the everyday office of the house. The condition of the dishwasher, microwave, refrigerator, and other kitchen appliances should be considered. Don’t work outside your budget.

Indoor hazards

Check out for interior environmental hazard in the home so you don’t expose yourself or your family to health hazard that is detrimental to your health.  Look for the furnace heating system, asbestos, and water heaters must be less than 20 years old.  If home is older than 1978 you might check to see if the home had lead-based paint.

Structural problems

An old house might not be in the perfect condition but don’t buy a house with significant structural problems. Buying a house with numerous structural problems means you will end up spending money trying to fix the problems and might not be able to get insurance.

The bathrooms and bedrooms

Make a decision on how many bathroom and bedroom you want in your house. You can always change the color and update bathrooms cheaper than adding a whole bathroom.

The exterior is also important

Lastly, the exterior part of the house should be assessed because it also plays a major role when you want to buy a home.  Beside looking good  make sure you have your requirements, enough landscaping, garage, and fence. Buckner Homes Realty helps their customers with every aspect of the home buying process.  We help you coordinate all the pieces of the puzzle.  Call us today to see how we can help you.

Posted in Buyers