Five Lessons Your Dog Can Teach You About House Hunting

Author : mineshparikh21
Publish Date : 2021-06-01 13:38:37


Five Lessons Your Dog Can Teach You About House Hunting

1. Focus Anyone who has played catch with a dog has a good example of a dog's laser focus. In our culture of distraction focus is a rare beast. To succeed in owning the best home develop single minded focus on the project to its completion. You, your family, and your dog will benefit for decades to come.

2. Hunt a dog's most basic interest is to hunt, not only for food but also for shelter and a mate to raise a family. This is basically what house hunters are all about. Home and family, including the family dog, are essential to human and canine happiness. While house hunting is often laborious and time consuming, enjoy the hunt as would the dog.

3. Trust Your Nose A dog's nose is its keenest sense; he or she uses it to investigate everything. In real estate we call this due diligence, doing the math, checking out all aspects of a purchase, asking questions, studying the research. It also means sniffing out situations beyond what the numbers indicate, trusting your nose for an advantageous situation.

4. Jumping in Dogs rarely hesitate before jumping into a situation, say when the ball lands in a puddle. Competition for the best homes is often stiff. While it is often easier to walk away, faint heart never won fair home. This is not to say one should act is haste. Here dogs too are an excellent example. They sniff around and approach new situations cautiously. But when they are sure of their prey they go for it rather than second guessing themselves as we humans often do.

5. Team Players Dogs are thrilled when you walk in the room. They are never in a bad mood and never blame or judge you for anything. They cheer you up when you're feeling down and stick by you no matter how tough the going gets. They are members of your pack and respond with loyalty and trust. Real estate also works best when everyone pulls together, family, Realtors, Attorneys, Inspectors, Lenders, etc.

6. Bury a Bone We get upset when our dog digs up the garden to bury a bone but he is following a primal instinct judiciously telling him to save for a rainy day. This is excellent advice for both owning and maintaining a new home. Having financial reserves can often make the difference between success and failure. Avoid becoming "house poor". Your dog will love you just as much in a more affordable home. What matters to him or her is you and the family.

Buying properties in Florida takes more than just contacting the seller or their real estate agent. To get the most value for your money, it helps to know the many ways you can protect yourself as a buyer. To the first-time home buyer, one might get so excited going through the public listings and try to negotiate with the real estate agent or the seller himself. But without professional advice, there are many ways that additional costs can easily add up. These are costs that the new home buyer may not realize until the final transaction or closing.

First of all, it helps to know that there are different agent relationships in Florida. There are transaction brokers who are there to facilitate a transaction with neither loyalty to the seller nor the agent. Then there are those seller's agents whose main role is to get the highest price for the seller as well as protect the seller's interests and facilitate a fast sale. The third agent relationship is a buyer's agent but working in a listing office. This clearly has a conflict of interest because they may have the buyer's interest in mind but, since he/she is working in a listing office, said buyer's agent is bound to protect the interests of the listing office as well.

These options do not really have the full buyer's interests in mind. Yet, for a first-time home buyer, doing it on your own may present you with surprises like hidden costs in terms of repairs or closing costs passed on to the buyer. There are many other surprises that a new buyer may not realize, and your best bet is to have an agent whose interests are fully for the protection of you as the buyer. With having a buyer's agent, you have peace of mind that you have a professional who knows the right questions to ask the seller or the seller's agent, who knows how to negotiate, and lastly to determine the correct value for the buyer's money.

For example, what is the current real estate market trend in the area? Are there repairs needed and what is the best way to negotiate about the repairs? When was the last time the roof was changed? Is there no past repair that still has a record of a violation?

These are just a few of the many other issues that can come up for first-time buyers. It helps to have a real estate professional, an agent whose sole motive is to protect the home buyer.

 

Since, for most people, the value of their house, is the largest, or one of the largest assets, they own and/ or possess, wouldn't it make sense, to thoroughly, be, as prepared, as possible, and proceed accordingly? Instead of, merely, following one's emotions/ heart, it is far wiser, to, thoroughly, examine and consider, these 5 essential components, before proceeding. Purchasing a home, of one's own, should be based on considering key features, both of the specific house, as well as, what you need, desire, prioritize, perceive, and can afford! With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, some of the most important things, to examine, before proceeding.

1. Your needs: Start by considering, what you need, as opposed, to what you might wish, for! How many rooms, do you, and your family, actually require, and why? How many bedrooms, bathrooms, etc, are needed, and, what do you believe, might be optimal, as well as the range? What style of house would you proceed, and are there any specific, physical considerations, which might limit your options? For example, do you presently, or do you foresee, in the near - future, anyone, living in your household, with physical limitations, which might make, climbing steps, challenging? When, you view any property, carefully, evaluate the size, shape, configuration, and condition! Is it, ready - to, move - into, or, will you need to spend, considerable funds, making modifications, upgrades, etc. If you can't adequately, evaluate these, hire a professional, to help you knowledgable!

2. Price affordability, including down - payment, needed, to close, monthly payments (which include real estate taxes, principal, and interest): Don't become house - rich, but cash - scrapped! What good will it do, if it creates too much stress/ strain, or worse? Will the needed, down - payment, create too much stress, on your cash - flow, etc? When considering the costs, include: mortgage principal, and interest, real estate taxes, utilities expenses, reserves for contingencies (including repairs, replacements, etc), etc!

3. Value: How does the price, being asked, compare, to the market value? Remember, the listing, and selling, price of a property, are often, quite different! Ask you selected, real estate professional, to provide, a professionally prepared, Competitive Market Analysis (CMA), which compares similar properties, in the specific area, which ones sold, and, at, what price, as well as, those, which failed to get sold!

4. Geographic area: Why have you decided to purchase, something, in this specific area? Are you better - off, purchasing, or renting?

5. Convenience to transportation/ shopping, etc: How important, to you, are factors, such as convenience to transportation, shopping, Houses of Worship, etc? How about quality schools, and sense of safety, and security? In today's world, and access to the Internet, it's relatively easy, to do your homework, in these and other relevant areas!

Before you buy a house, carefully, review, and consider, a variety of essential factors, which might help you, to make the best possible decision! Wise consumers should proceed, with caution!

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