Afonso Real Estate



Posted by Afonso Real Estate on 12/9/2015

Do you have a home buying strategy? Buying a home can be a risky and expensive proposition so you will want to make sure you have a plan.  In order to put a plan in place you will want to ask ask the following questions: How long do I plan to live here? You will need to consider how long you plan to live in your home to determine if it makes financial sense. Consider what changes you might make during that time frame. Will you be starting a family? Will elderly parents need to move in with you? You may need a larger home or need to find a community with better amenities for children, and that will increase the likelihood of you moving. How is the local market? All real estate is local.  Find out all you can about the neighborhoods you're considering. Look at the inventory of homes, how have properties gone up or down in value, and how much homes are selling for compared to the listing price. What is my financial stability? Consider factors like the stability of your job. Will you still be there in five years? What kind of future does your industry have? Does climbing up the career ladder mean you might have to move elsewhere to get ahead? Look at your current debts and income, not your future salary, to determine whether you can afford to buy.





Posted by Afonso Real Estate on 11/25/2015

If you are thinking about making a move some proper planning will go a long way. Moving can cost more than you might think and can be stressful. Keep costs and headaches to a minimum by preparing a plan and get organized early. Here is a checklist of moving tips to help make your relocation go as smoothly as possible: 1. Save and set a budget. Moving expenses can set you back thousands of dollars. There can be unexpected costs like shipping charges, personal travel costs, temporary housing expenses and start-up fees at your new residence. As soon as you know you're going to move try to plan for all of these things and set a budget and start saving. 2. Mover or do it yourself?                                                                                       Decide whether or not you will be hiring a moving company or managing the move on your own. If you are hiring a mover you will need to call for estimates and reservations. If you go it alone you should try to secure some help and proper transportation. 3. Look for Work.                                                                                                                                 If you are moving for a new job it may not be as easy for other family members to find work. Start reviewing the job boards and calling on personal contacts before you go. 4. Research the schools.                                                                                                             Check school schedules and enrollment requirements. Pick up school records or have them sent to the new schools. 5. Protect Your Belongings.                                                                                           In order to ensure your possessions will be covered while in transit or storage during your move you will want to obtain appraisals for high-value items. Make an inventory and take photos of your valuables to have a record if you need to file a claim. Make sure to also contact your homeowners insurance or renters insurance company to ensure your possessions will be covered. 6. Do a car check.                                                                                                                         Take care of auto maintenance and repairs before you make a long trip. Don't forget to notify your auto insurance company of the move. 7. Turn it on and off.                                                                                                               Make sure to notify your utilities of your move and plan disconnect dates. Also make sure to order new utility services for your new address. 8. Change Your Address.                                                                       Fill out an online change-of-address form through the U.S. Postal Service to ensure important mail will be forwarded to your new home. Also, be sure to send your new address to friends and family, your physician, schools, magazine publishers and providers of financial services.  





Posted by Afonso Real Estate on 9/9/2015

When searching for a home you may want to first consider if you are looking to purchase a new or an existing home. This is a common questions that many home buyers  consider during the early stages of their home search. Some of the advantages home buyers cite as reasons to buy a brand-new house or condominium are: energy-efficiency, open layout, a warranty, the selection of appliances, flooring, paint colors and other design elements. There are advantages to purchasing both new and existing homes. The National Association of Home Builders(NAHB) has created a list of the advantages of buying a newly built home. New homes are often built in communities of new homes. When this happens all the neighbors are new to the neighborhood. This can help families form bonds of friendship that can last a lifetime. Newer homes offer more open floor plans making entertaining easier. New-home layouts often feature great rooms, higher ceilings and additional windows that bringing in more light than you would find in an older home. The appeal of owning something new can be a strong draw. Some buyers like the thought of being the first to cook a dinner in a brand-new kitchen. While others don't like the idea of having to repaint or update an older home. A new home allows a buyer to create their own home décor from the beginning. Newer homes are built for today's high-definition televisions, DVRs, computers and other electronic needs. New homes can be tailored to meet an individual home owner’s needs. There is little to no cost associated with home repair on a new home. Buyers pick the features, appliances and modern features to suit your needs.  When purchasing a new home it is truly built to the buyer's liking. Newly constructed homes are more energy efficient. They often include energy saving features such as double-pane windows, insulation and appliances which can reduce energy costs. Have you ever considered buying a newly constructed home, if so, why?





Posted by Afonso Real Estate on 7/15/2015

When you are looking at buying a home there are don'ts you should be aware of. Many times the handling of the negotiation can mean the difference in huge amounts of money. This is why it is vital to have an experienced agent on your side. Here are just a few common pitfalls to avoid.   Not doing your homework Doing your homework is important in such a large purchase. Ask your agent for a list of comparable homes recent sale prices. Look to see how long comparable listings have been on the market and what the average sale to list price ratio is. This will give you the information you need when making an offer and negotiating a final sale price. Not understanding the seller Try to look at the deal from the opposite side of the table. A sale is typically emotional for a seller. When making an offer try not to insult the seller, offering a fair and realistic offer to purchase will typically get you further in the negotiations. If you know the seller's motivations for selling you may also be able to offer terms that might be more attractive like a quick close or inspection. Showing your cards While you want to know as much about the seller as possible divulge as little about yourself in the negotiation as possible. Any knowledge the seller has about your motivation can be used as leverage in the negotiation. Getting your heart set Buying a home can often be an emotional process. Identify several properties you'd be happy with as well. Be careful not to get your heart in the way of your head as it can sometimes hinder the deal. Trying to win In a sale there needs to be two ingredients: a seller who wants to sell and a buyer who wants to buy. Try not to getting caught up in the game. Ultimately it is about buying a home and not winning a negotiation.





Posted by Afonso Real Estate on 5/27/2015

What is an offer to purchase? It is the written proposal to a seller to purchase real estate. In order for a real estate transaction to be legally enforceable it must be in the form of a written contract. A written proposal will specify all of the terms and conditions of the purchase. After the offer to purchase it drawn up and the buyer signs it, it is usually presented to the seller by their real estate agent. In some cases both agents will present the offer to the seller. If the seller signs as is, it will become a binding sales contract. It is important that the offer to purchase includes items such as: - The address and the legal description of the property - The sale price - The date of the anticipated sale - The amount of earnest money deposit - Contingencies: for example the ability to obtain a mortgage, home inspection, and the opportunity for an attorney to review the contract - How to make adjustments to things such as real estate taxes, rents, and utilities bills - The type of deed to be given - Any access the buyer may have to the property, for example, a final walk through inspection before the sale - A time limit in which the offer will be good for Your real estate professional will be able to help you prepare the best offer for your circumstances.







Tags