Townhouse or Condo – What Is the Difference?

Between a townhouse and a condo, there is a lot of difference. Everyone dreams about owning a home some day and if you are considering either of these as your first, or maybe your last, home it is important to know what each one is and how they differ.

Townhouse

It is a type of row or terraced house that is similar in shape and size and will usually share common walls. They are considered a single-family residence with each having a separate entrance. When you buy a townhouse, you are buying a special unit from a long line of properties that are similar. In historic Ireland and UK, it was a house for aristocrats inside a capital city that they used when they had to attend parliament sessions or during social functions.

Condo

It is also referred to as a condominium and is a type of housing tenure that also means common ownership. These were a part of a certain estate that are sold or leased to a tenant. The owner of the whole estate did this. Today it is a term used as a substitute for special unit, or apartment that are leased or purchased.

Major differences

• Ownership specifications-when you own a condo you will be the legal owner of everything that is inside the interior and if the condo owner wants to use the rest of the amenities, they must pay a monthly fee to the condo association. All members who own a condo form this association.

• Property taxes-the one that owns the condo also has to pay property tax on their individual living area but the townhouse homeowner has to pay not only for their living area but also for the ground on which it is built. This can mean that the cost for a townhouse may be higher than the price of a condo.

• The townhouse owner will have to pay a sum to a homeowner’s association for the maintenance of the complex but the monthly dues that a condo owner pays takes care of the overall maintenance without paying an extra fee.

• Structure of the home-mo matter what size of a townhouse that you purchase it is located on the ground level. There are no more floors on top except for maybe a terrace or it could be built in a different style of architectural like Cape Cod. The condo is usually located in a two or three floor complex. It could also be in a luxurious high-end multistory building along with exotic views.

• Condos are safer than townhouses as they are surrounded by a close neighborhood

• Townhouses offer more privacy as you are not surrounded by a lot of neighbors.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Lora Davis

Choose a Best Home Which Fits on Your Budget

Buying your first home is the most exciting and pleasing experience but this happiness turns into disaster if you fail to deal matters properly. The whole process may complicate for the first timer or people who don’t understand these matters. Better to hire a well reputable real estate agent who has deep knowledge about your concern area. If you spent more amount than your estimated cost you might get into trouble. Finding the perfect home that totally fits in your budget is the most important thing in home buying process.

Start your research about what kind of home you want and what is your budget limit and most important find out which communities are offering such homes. New Jersey is the 4th largest state of US and on of the most demanding place to live in. the state has more opportunities for every age group. People wants to live here and desire to start a family in their new home. Large numbers of home communities are in service of people offering different home designs and styles at different prices. But everyone loves to build their dream home at dream location with all the modern facilities of life. For our customers‘ convenience and ease we narrow down your list by introducing you best home communities in NJ with affordable home prices, fits right in your budget.

Choose best home that fits in your budget in finest communities of NJ. Our recommended communities are located at premium locations with thoughtful design and excellent building. One of our favorite communities in Burlington County, NJ is situated at peaceful Chesterfield, which is also voted as number one Best Place to Live in Burlington County. Traditions at Chesterfield, a beautiful and well develop community has everything that is in wish list of home buyers. This community is designed by professionals with number of exquisite homes, ranging from Single Family Homes to Luxury Garden Homes and Carriage Collection of Townhomes.

Due to its immense popularity in short period of time all the townhomes at this community is already sold out! The most important reason behind this popularity is reasonable prices as compared to the market. Traditions at Chesterfield build worth watching homes at county’s most demanding location, near to the New York and Philadelphia City. The community has easy access to all the major highways.
Residents can enjoy The Shoppes at Old York Village within walking distance of your new home. The community is planned as Smart Growth and make sure there will be guarantee preservation of land.

Traditions at Chesterfield offer variety of home designs to choose from according to your family requirements and needs. Either chooses from our single family classics or from our luxury garden homes. Choice is unlimited! We bestow nine splendid single family homes and three beautiful garden homes. Let’s have a look at our single family homes first and choose that fits in your budget.

The HAMPTON is available on priced from $400,990. This floor plan offers 2,013 square ft. Of living space with an open living layout. The wonderful home offers three bedrooms, two and a half bath, a full 9′ basement and two car garages. The Hampton home design features spacious kitchen with breakfast nook that flows beautifully into a family room and dining room. Other protuberant features include a full size laundry room and an option of bath in the basement.

THE RICHMOND is priced from $464,990. This floor plan offers 2,601 square ft. of living space with four bedrooms and two and a half bathrooms. Two car garages, full size laundry room, gigantic kitchen with breakfast nook, full size 9′ basement and spectacular two story foyer are highlights of The Richmond home design.

THE ARLINGTON is a home design offers abundant 2,600 square ft. of living space. It has four bedrooms, two and a half bathrooms and two car garages. It is priced from $457,990. Arlington also features full 9’basement, an expensive laundry room, a gas fireplace and master suite with separate his and her vanities.

THE ROANOKE is an impressive home design featuring 2,998 square ft. of living space with four bedrooms with loft, two and a half bathrooms. Other highlights include splendid two story family room with gas fireplace, an oversized two car garage, custom master suite, impressive two story foyer and kitchen with breakfast nook.

THE SHENANDOAH home design is priced from $492,990. It features 3,205 square ft. of luxurious living space with four bedrooms, two and a half baths and two car garages. Other eminent features include first floor den, custom master bath with his and her vanities and dramatic oversized family room where you can spend quality time with your family and love ones.

THE WILLIAMSBURG is spectacular home priced from $502,990. The Williamsburg offer four bedrooms, two and a half baths and two car garages built on 3,549 square ft. of an abundant living space. Other highlighted features of this home design include den, first floor laundry room, full 9′ basement, lovely porch and exquisite master suite with sitting area.

THE FREDERICKSBURG is most demanding home design with 3,654 square ft. of luxury living space. The beautiful home offers four bedrooms, three and a half bathrooms and two car garages. The home begins with the lovely porch and long foyer connects to the entire first floor. A full size 9′ basement and large laundry room is part of this home. Other highlights include first floor den, loft, sitting room with master bedroom and huge walk-in closets. You can get this amazing home from $543,990.

THE ALEXANDRIA is priced from $472,990. A perfect home design features 2,982 square ft. of spacious living space with four bedrooms, two and a half bathrooms and two car garages. a full nine-foot basement, large family room with gas fireplace, full size laundry room, oversized kitchen and corner soaking tub in master bath are highlights of The Alexandria home design.

THE HOPEWELL home features 2,400 square ft. of ideal living space with 3 bedrooms with loft, 2.5 bathrooms and 2 car garages. A full size basement is also part of this floor plan. You can get this spectacular home at price starting from $440,990.

From these amazing homes you can choose that fits in your budget and meet your family demands and needs. For further details you can contact us at any convenient hour. We are open daily from 10am to 5pm.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Edmund Schoen

History of Real Estate Agency Relationships

In the beginning, real estate brokers were known as middlemen and optioneers. Back then, the customary practice was for a middleman to know about a property for sale, but to keep it secret from other middlemen. It was difficult for these middleman to collect a fee for their services so they would resort to tactics that were not always in their seller’s best interest. Optioneers, on the other hand, were usually more successful in collecting their fees because they would tie up the seller’s property on an option to purchase, sell the property to a buyer at a price over the option amount, pay the seller the option price, and then pocket the rest.

The early real estate brokerage business was loosely organized and used methods of brokering that were often dishonest, subject to fraud, and that took advantage of sellers and buyers. Eventually, a newer concept with the real estate broker being an agent of and owing a fiduciary duty to the seller and receiving payment for his services was developed. This new concept forced the seller and broker relationship to a higher level of service and duty. It also allowed brokers to list property for sale using contracts. These contracts are what we now refer to listings. The earlier forms of listings we called open listings. The open listing is a type of non exclusive listing contract authorizing a real estate broker to offer a property for sale, find a buyer and get paid for services upon the closing of that transaction.

Other brokers could also have open listings for the same property, but only the broker who actually found the buyer would receive a commission. In addition, no broker would get paid a fee if the seller sold the property. The open listing discouraged cooperation between brokers, since each broker could obtain their own open listing. To solve the open listing problem, the exclusive agency listing became popular.

The exclusive agency listing is a type of listing contract wherein the seller offers only the listing brokerage compensation if the buyer is procured through the brokerage’s efforts or the efforts of other real estate brokerages. This means that in certain situations, such as For Sale by Owner, the listing brokerage may not receive compensation when the property is sold. In the exclusive agency listing, the listing brokerage or another brokerage working with the listing brokerage must procure the buyer in order to have a claim on compensation.

The exclusive agency listing encourages competing brokers to find buyers for listing, since the listing brokerage pays the selling brokerage’s fee. However, the seller still does not pay a fee when a seller finds the buyer. The exclusive agency listing eventually gave rise to the exclusive right to sell listing.

The exclusive right-to-sell agreement, the listing brokerage is offered compensation in the event of a sale regardless of who procured the buyer. The exclusive right to sell listing guarantees that the listing broker will get paid a fee, even if a competing broker or the seller sells property. It provides the most protection for the listing broker and is considered in the best interest of the seller because the listing brokerage will put effort and resources into marketing the property, since a commission is guaranteed during the term of the agreement.

Even after the exclusive right to sell listing became popular, there was little cooperation between brokerages, since a buyer who wanted to buy a specific property would have to deal with the broker who had exclusive listings of interest. It was also quite clear to all parties in that the broker represented the seller and that the buyer had no representation.

By the 1950s there was pressure for more cooperation between brokerages. As a result, a broker working with a buyer would contact competing brokerages to to learn of their inventory and possible matches for their clients. Deals often resulted where the selling agent did not know the seller or their agent and the selling agent’s only dealings were with the buyer. Suddenly, the concept that the selling brokerage owed its fiduciary duty to only the seller was no longer a neat and logical concept. However, it would take many years before the unworkable agency concepts would be sorted out and lead to buyer representation.

As the 1950s and 1960s progressed, a more formalized cooperative brokerage system, known as the Multiple Listing Service (MLS), was developed. Through the MLS, the concept of subagency evolved. Simply stated, this meant the listing broker was the agent of and represented only the seller. The listing brokerage would hire sales associates who were considered subagents of the seller. The listing MLS brokerage was required to make the listing available to all cooperating brokerage within their MLS. These cooperating brokerages were also deemed subagents of the listing brokerage, who were agents of the seller. If the cooperating brokerage had sales associates, they were subagents of the cooperating brokerage, who were subagents of the listing brokerage, who was the agent of the seller. During this period, an agency relationship with a buyer was not possible, since the agency relationship was always with the seller. The only duty a licensee owed to a buyer was to not lie when asked questions about a property. The concept of „buyer beware“ was truly the reality of how the brokerage business operated and buyers were always unrepresented.

The rise of consumerism, as manifested in numerous court decisions, put pressure on the brokerage business to be more concerned with the interests of the buyer. Because of that, licensees working with buyers had an affirmative duty to disclose known matters affecting a property. For example, if the broker knew that a roof leaked, he would have to disclose this fact. This disclosure concept was later expanded by the courts to include conditions about the property that the brokers should or could have known.

By the 1980s, a government study found that nearly three-quarters of all buyers thought the brokerage they were working with was representing them as a client. The same study concluded that nearly three-quarters of all sellers also thought that the cooperating brokerage represented the buyer’s interests. It soon became obvious the concepts of agency law that the industry and governmental regulators had attempted to impose in order to simplify and clarify the agency relationships had not worked. Continued pressure from consumer groups and the courts finally led to the buyer representation movement of the 1990s.

In 1991, the National Association of REALTORS® formed an advisory group to study agency representation issues. Testimony was received from real estate practitioners, industry experts, the public, and state regulatory authorities. The advisory group’s report made the following recommendations:

  • The NAR’s multiple listing policy should be modified to make subagency offers optional. If subagency was not accepted by a cooperating brokerage, then the listing brokerage was to offer compensation to the brokerage representing the buyer.
  • The NAR would encourage state associations to promote changes in real estate law and regulations in order to promote disclosure of agency options. These options would include seller agency, buyer agency, and disclosed dual agency. The purpose of this recommendation was to assist consumers in making informed decisions regarding representation.
  • The NAR should encourage real estate brokerages to adopt written company policies addressing the handling of agency relationships with its clients and customers.
  • The NAR would encourage education of all members on the topic of agency representation. State regulatory agencies would also be encouraged to include agency as a mandatory topic in continuing education requirements for all licensees.

As of 1992, the National Association of REALTORS® adopted the following policy:

„The National Association of REALTORS® recognizes seller agency, buyer agency and disclosed dual agency with informed consent as appropriate forms of consumer representation in real estate transactions. The association respects the need for all REALTORS® to be able to make individual business decisions about their companies‘ agency practices. Furthermore, NAR endorses freedom of choice and informed consent for consumers or real estate services when creating agency relationships with real estate licensee.“

These NAR changes to representation policy modified the way the industry practices. Exclusive Right to Represent buyer agreements now allow a buyer to contract with a brokerage to find, and negotiate, the purchase of real property. Generally, these agreements are for a specified period and require the buyer to pay a commission upon the closing of the real property transaction. As an agent of the buyer, the buyer’s brokerage owes all of the fiduciary duties (care, loyalty, disclosure, obedience, and accounting) to his principal, the buyer.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Jeff Sorg

Why A Waterfront House For Sale Is A Good Investment

Waterfront property is immune to most market trends, and for good reason. Splendid summers can be spent on a lake or river, promising family bonding time and decreased stress. Full-year houses and cabins are becoming more frequent. They can also be converted into permanent residencies that promote privacy and communing with nature. A waterfront house for sale is rarely on the market for long and should be pounced on by interested buyers.

Privacy

Privacy is an increasingly valuable commodity. With lakefront property, real privacy is obtainable. The distance between homes and dense foliage dampens sound, leaving the owner to appreciate their thoughts and conversations with friends and family. With limited space for development, no houses will pop up between the property and water’s edge, resulting in a clear view of the water. A waterfront house for sale will also likely feature a private dock, or at the very least, an intimate, walk-up access to the shoreline.

Fun Water Activities

Water activities are a great way to bond with families and friends. The water presents a wide range of options for fun, such as fishing, skiing, swimming, and boating, among others. Many of these activities cannot be replicated on land and give a thrill of being unique. Even simple activities like reading a favorite book while drinking a cup of coffee are suddenly mystical when paired with a lake sunset.

Limited Supply

Substantial property directly on a body of water is rare and priced accordingly. They retain their value, especially compared to fluctuations of city housing, and can be sold at almost any time if need be. When not in use, renting cabins can provide large profits. Owning a waterfront property requires some amount of upkeep. However, a house for sale in an area that is desirable can be a great family experience, as well as a smart investment.

Closeness to nature

While this depends on the area, lakes and rivers are a natural habitat for a plethora of wildlife. You can watch birds from the dock, fish for sport or food, catch the occasional appearance of deer or owls, and experience an intimate moment with nature that a city cannot duplicate. Of course, having a fully operational house means that nature can be enjoyed on the individual’s terms, which is especially important in humid climates and at night.

Health Benefits

Many studies have shown that spending time close to water has immediate health benefits. For those who have spent time around or on water, this should come as no surprise. Spending time on the lake creates a serene atmosphere that reduces stress. For those who are used to living in a city, the clean air and decrease in noise and light pollution will be a welcome change.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Alfred Ardis

Home Inspection Services Are a Must To Buy Your Dream Home

Have you decided to buy a home of your choice? Then, accept the reliable services of a home inspection company having qualified home inspectors. Home inspection services help the potential buyers to ease out confusion and tension. While buying a home, it is necessary to consider the price, location and condition of the structure. These services guarantee a perfect buying for a long lasting investment.

Home inspection companies are the best companion for first time home buyers. A qualified and experienced home inspector helps to minimize possible risks of unforeseen repair and associated costs. Present condition of the home including exteriors and interiors and its maintenance are included in the inspection.

The value of properties and house are determined by companies to produce a final report. Hence, take utmost care while choosing the right inspection company. You can consult with a prominent realtor in your area to collect details about reliable home inspectors. You can also get information through your friends and family members. Another best alternative is to browse the internet and search the yellow pages to choose a reliable inspection agency.

For the total inspection of all features of a home, it requires nearly two to four hours depending on the size and status of the building. An estimate of repairing works is also evaluated in the course of inspection. Normally, every factor related to the house such as foundation, electrical wiring, appliances, porch, garage, windows, doors, chimneys, heating and cooling systems, plumbing and fittings and related accessories are considered under inspection. Also, it uncovers problems such as water leaks, second-rate workmanship, designs, structural destruction due to insects or termites, moisture issues and use of poor quality building materials.

A complete report is provided after the home inspection detailing about the recommendations and supportive descriptions with diagrams and illustrations. A truly qualified home inspector submits unbiased report about a home/property for making a wise decision whether to invest in a particular home. Some inspectors even bring specialized tools, equipments and other materials to do an impartial evaluation. Competitive buyers can accompany the inspection to rectify queries regarding property ownership and maintenance details to conserve the home in good condition.

So before purchasing a home, it is wise to have it checked with a professional home inspector. This helps to obtain an accurate and clear idea about the strength and weakness of the building and make a better negotiation with the owner.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Sooraj Surendran

Foreclosures And Short Sales – Important Tips

There is no need to say that you can’t live without one thing: the roof over your head. The majority of people want their own home, especially if they have a family to take care of. Of course, you will need to do a lot of planning before buying a house as this decision can have a great impact on you and your family. Let’s know more about it.

When Buying a House

If you want to buy your own house, you need to consider a lot of things. You may have to face some serious problems. For example, if you lose your job, you will find it harder to keep your word. And in the worse scenario, you may have to deal with a short sale or foreclosure. This may have a bad impact on your routine life. Therefore, you may want to understand how it works.

Short Sale And Foreclosure

If you are not familiar with the two terms mentioned above, you should know the difference between the short sale and the foreclosure process first. According to most people, foreclosure is a situation where you are forced to give your home back to the lending authority, which is a bank most of time. Once the house is given bank to the bank, you no longer have to pay back the debt.

A Misconception

Aside from this, some people have a misconception that short sale is not a real transaction, which is not true. No matter what happens you should keep your word and you should be ready to meet the deadline.

Foreclosure

In case of a foreclosure, the lender has to auction your house in order to sell it to the person who places the highest bid. The lender will advertise the property to sell it in a certain period of time. However, the law requires the home owner to show up in the court. The home owner is the same person who borrowed from the bank. In the court, the homeowner will have to present his point of view about the mortgage. If you, the homeowner, have strong evidence, you should present it. If you don’t have strong evidence, the judge may issue a verdict giving your house back to the lender.

On the other hand, in case of a short sale, you can sell your property. You will find a buyer yourself and you won’t be required to show up in the court. And it will be an agreement between you and the lender. However, in some special cases, you will need the professional advice of a good real estate broker. But before the closing of the deal, you will need to make sure that the lender expresses his agreement to the proceedings.

The two processes are different in some ways. It’s important that you complete the short sale as soon as possible or the lender may lose interest in the property and may not acquire it. But in case of a foreclosure, you can’t do much as you will have to comply with the court decision.

Long story short, foreclosure is not easy. Therefore, it’s important that you get help from a professional so that the process is completed as smoothly as possible.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Satvik Mittal

How to Use Instagram to Market a Real Estate Listing

Instagram’s simple platform and focus on photos makes it the perfect app for real estate agents to share their listings. However, agents who aren’t familiar with the platform may not know what kinds of pictures to post. Simply posting a photo of your listing with the address and a description isn’t going to get much attention. You need to create a story around the listing and share multiple photos to tell that story.

The easiest way to start „Instagramming“ your listings is to use Instagram during an open house. Below are 7 different pictures you can take to create and share your open house story.

Start with a selfie

A „selfie“ is a photo that you take of yourself. Take a selfie in your car, in front of the sign or by the front door. Caption it with something like „Excited to host an open house at 12345 Main Street.“

Your favorite room

Take a photo of your favorite room in the house. In the caption, get your followers to imagine life in that room. For example, if your favorite room is the bathroom with the huge soaking tub, say something like „Can you imagine coming home from a hard day’s work and getting to soak in this tub? Glorious!“

Your favorite outdoor feature

Photograph your favorite outside space. Again, get your followers to imagine themselves living there. „Check out this built in BBQ. Would you love to host summer BBQs at this home?“

Give a shoutout to other agents

A shoutout is a social media referral. If a real estate agent you know comes by the house with clients, snap a picture with them and give them a shoutout in the caption (be sure to use their Instagram handle if they have one.) Your caption could read something like this „Look who stopped by my open house today! Thanks for bringing your buyers @realestateagent.“

Share your „to-do list.“

Write or type a list of things you need to do to prepare for the open house then post a picture. This gives people an idea of the services you provide when hosting an open house. You can also share the owners to do list to educate people on how they should prepare for an open house.

Tools of the Trade

Do you always bring a specific water bottle to open houses? Do you often bake cookies or bring a vase of flowers? Lay out your items and snap a photo. The caption can read something like „Here’s my open house survival kit!“

Get the owners in on the fun

If the homeowners are around, take a photo with them. Tag them and ask them to share the photo on their Instagram and to tag you!

Instagram is easy to use and the perfect platform for real estate agents who are unfamiliar with social media but want to use it to market their listings. With a few clicks of your smartphone camera and some witty captions, you’re next buyer could be one of your Instagram followers.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Brianna Alexander

Things to Keep In Mind When Buying Luxury Home

Buying a luxury home is like dream come true if the buyer has the right budget to make the investment. Not only it promises a great future investment but if it is being purchased by an end user then it turns out to be a delightful experience. Buyers who are interested in such properties must know how to select the right kind of luxury home as there are certain tips and tricks that help in the rightful selection. Not every luxury home that is on sale is the right kind. The know-how of the whole buying process helps a home buyer to strike a good deal. This article details the factors that one must keep in mind when buying a luxury property or home.

1. Know the search process

Luxury properties have a niche market and they may not target just everyone looking to buy a home. It is therefore important to know that not every luxury home available for sale will be listed online. The website of the seller or realtor usually contains the first-hand information related to such properties. Other than online, real estate brokers or consultants who specialize in selling luxury homes know the offerings inside out which is helpful for a buyer to make a wise selection.

2. Do not make the decision based on photos

Photos of luxury homes available online or shared by the realtor might not do justice to the property or may give a false picture of the current condition of the property. Thus it is important to see such properties in person. Also, a good amount of money is involved; homebuyers must ensure that they are being offered a value for money home deal.

3. Get assistance from a local expert

A good real estate agent can solve a whole lot of things for you in your pursuit of buying a luxury home. His/her awareness of the property, location and investment trends is useful for any buyer.

4. A second opinion is important

In case you decide to make a visit to a luxury home that you feel interested in buying, take along a friend or family member whose opinion really matters to you. Sometimes, it is better to understand the pros and cons of a property from other’s perspective. Maybe they will take a note of what you will miss and it eventually helps you in making a more informed decision.

5. Try to negotiate

There is always a chance to negotiate the price with seller even if it falls in the luxury category. For obvious, people buying luxury homes have a good budget but still, it must be kept in mind that little savings at the time of deal are going to help you in future.

6. A Future Perspective

Does the luxury property that you have decided to invest in comes with advantages that you will be able to reap in future? Is it going to be a home that will in increasing its value over a period of time? What kind of infrastructure is planned around its vicinity? Some questions like these must have positive answers for them to make it an ideal investment.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Neelanshi Srivastava

7 Tips For Finding A Home To Buy

It can be quite exciting and inspiring to buy a home for the first time. However, it can be quite tiring and stressful if you are a first-time buyer. This article will give you a couple of tips that will help you make sure that the process of purchasing a house is enjoyable and stress-free.

1. Set your Budget

Before starting your research, we suggest that you think about financing this purchase. If you cannot pay in cash, you will have to borrow the required money through a mortgage. For a deposit, you will also need a lot of cash. Typically, it is between 5% and 10% of the value of the property you want to purchase.

2. Identify your Needs

Once you have set your budget, your next move is to look for a property that can meet your needs. Now, if you want the property located near a certain workplace, station, or school, you may want to mark them on the map. This will help you identify if the property is near the spot. Apart from this, you may want to prepare a list of all the stuff that you desire in your property.

3. Put your Home on the Property Market

Some buyers want to sell their existing home prior to looking for a new one. According to experts, it’s not a great idea to do so. If you have not put your existing home on the market, you may not be able to secure the deal that comes your way.

4. Start your Property Search

Ideally, you may want to start your research on the internet and the websites of popular real estate agents. Most of the websites allow you to filter the search results by the number of bedrooms, price, and location.

5. Sort the List

It won’t take you more than a couple of hours or days to create a list of properties that might meet your needs. So, what you need to do is create a shortlist list of the ones that can satisfy your criteria. It is not a good idea to look at a lot of houses in a day. The reason is that this will make you forget the details quickly.

6. Make an Offer

Once you have decided on a property that can meet your needs, you may want to decide on the price that you need to pay. It is important to keep in mind that every property comes with an asking price. And there is the price that you will be willing to pay. So, your role is to negotiate with the seller before making payment.

7. Agreeing on the Price

Once you have made an offer, it is up to the seller to accept or reject it. If they say that your offer is too low, you may have to offer a higher amount. Once the negotiation is over, your offer will be accepted and the deal will be done.

Long story short, these are some of the tips that you may want to keep in mind when looking for a home to buy for the first time.

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Shalini M

How Smart Buyers Use the "Mobile Real Estate Information Center", AKA "Realtor Open House"

There are many benefits to opening a house for sale on a Sunday afternoon. It saves having to make an appointment to see it, and it makes it convenient for everybody in the family to come together to tour properties. The seller benefits by having more people see the house in one afternoon instead of individual appointments. Most of the time however, visitors dismiss the help offered by the Realtor hosting the Open House and are reluctant to provide any information or ask any questions.

When visiting my Open House, do not be shy! ask questions and listen carefully, the information you need to make an informed decision is right there in front of you! I am the „Mobile Real Estate Information Center“ and I am here for a reason: I want to give you all the information you need to help you purchase a home, maybe even this one.

I know this house very well, I know when it was built, how long it is been on the market, what type of inspections are available, what type of work is needed, why the seller is moving. I also know the neighborhood well, ask me about proximity to schools, shopping centers, public transportation, demographics, theaters, I also know exactly how far is the library or the post office for example.

Before the Open House I print and bring with me a CMA (Comparative market Analysis) of the property so not only can I show how this house compares to others in the same area, but also what other houses have sold recently in the proximity. If this particular house is too big or too small, I have a list of other homes available for sale, I can share some addresses with you right there and then.

I might even have valuable and timely „inside information“ of homes about to come on the market, bank owned or foreclosed properties that I know are going to be listed soon. This information is potentially profitable for you Mr./Ms. home buyer… Just talk to me!

Even though I am not a loan officer, I know what the prevailing interest rates are and can quickly calculate your monthly mortgage payments with taxes and insurance, I can give you an idea of what your closing costs would be, I can even pre-qualify you on the spot! If I know what type of financing you need, I can tell you what type of documents you will need to get ready.

I am NOT just a Door Greeter, I can talk to you about investment properties, I can tell you some of the biggest tax consequences and/or benefits of owning a residence or an investment property. I can highlight to you the benefits of a tax deferred 1031 exchange and much more.

For me being at an Open House is like bringing my real estate office out on a road trip… Who benefits the most from my experience? Those who dare to talk to me about their real estate goals and dreams, you can pick my brain, I am committed to stay on that house for 4 hours so take your time!

Studies have shown that people are far more relaxed and willing to communicate with others on a weekend, they are more autonomous, they have time to slow down. Do not rush through the Open House, slow down and take full advantage of my 25+ years of experience and knowledge, it is all there for the taking! If you are not in my area, call me and tell me where you want to go, I will then put you in contact with the most active professional Realtor in that area… for FREE!

Immobilienmakler Heidelberg

Makler Heidelberg



Source by Antonio Cardenas

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