Home buyer tips | DREAM HOUSE!

by | Aug 5, 2021 | Real Estate Insight | 0 comments

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Full Transcription Below:

Okay.

One common term people hear about.

And even though it’s kind of
a cliche, I guess, would be

the word dream house, right.

Everyone wants to live in a dream house.

Um, when I work with buyers, sometimes
they’re coming from, uh, you know, a two

bedroom apartment and their first home.

They want it to be four
bedrooms, two stories.

Fully remodeled kitchen, you know,
a big backyard, maybe even close to

a park, you know, I mean, it’s, I
don’t want to say as laughable, but

what I’m saying is we have to think
in terms of a stepping stone, right?

So if you’ve been renting for the
last 12 years, um, and you want to

go from a two bedroom, one bath to a
four bedroom, three bath, you know,

you’re, you’re biting off a lot.

To chew.

And so I kind of recommend to my buyers,
you know, if you’re, if you’re renting

a two bedroom, why not look for a two
bedroom or three bedroom home, right.

You’re not going to live there
forever, but it’s just going to make

that transition a little bit easier.

And so, um, another part of that is.

I see people that kind of get, uh,
I don’t want to say complacent, but

maybe they are living in the same
home for 15 years and, you know, they

never consider doing a move up by.

And so I believe every neighborhood has.

Kind of like its own little, um,
how you say it’s, it’s almost

like its own little market, right?

Each neighborhood, depending
on where it’s located.

It has a, um, a bottom,
a middle and a top.

So if you’ve been there for a long
time and you’re reaching the top

of your market, you know, you’ve
improved, you’ve done maybe solar

panels, you’ve done new windows.

I would consider, you know, making that
transition to selling that home or renting

it and then finding another neighborhood.

That’s going to have a larger.

High end, you know, so that way you can
kind of start your equity buildup all over

again, because what happens is with some
people they hit their equity, you know,

there’s a top of the market in their area.

And then all they’re going to do
is kind of like flip slide back

down, and then, you know, re
kind of gree gain that equity.

So I just think it’s a good
idea to, um, consider moving to

different neighborhoods that have.

Potential to build more equity buildup,
um, how to get ready for a move up.

If you’re moving from renting
to buying within the same

video, pairing for a move up.

So one thing you want to do with
your house is you always want

to declutter your home kinda.

Um, I recommend, you know, doing
yard sales Goodwill just of get

rid of as much stuff as you can.

And then the stuff that you’re
not necessarily needing right now,

maybe put into a storage or a pod.

So that way, when you’re showing
your home while you’re still.

There it’s going to look very,
uh, attractive to the new buyers.

And, um, you know, if you can
start shopping and locate your

replacement property, so that way
it can be a smooth transition.

You know, some sellers they want
to wait until their house goes into

contract before they start the process
of looking for the replacement.

And especially right now in a hot
market, you know, you want to have your

finger on the pulse of what’s going on.

And so you want to do it simultaneously.

Basically you have your
house in the market.

Start looking for your replacement.

And it’s very common as well for sellers
to already have their replacement

in mind at the, at the start.

Cool.

And what about if we’re effort
going from renting to purchasing,

uh, going from renting to buying?

So, one thing that I give a tip to my
buyers is don’t give notice, um, too soon.

So there’s always, there
can be hiccups along the way

with appraisal or inspection.

Anything, any little thing can kind
of go wrong, where you have to do

an extension on buying your home.

And so the last thing you want is that
pressure that you already gave notice

to your landlord, and they already found
a replacement and they want you out.

So you don’t want to feel that pressure
that you have to move out of your house.

And into the new one in two days, you
know, you want to give yourself some time.

So typically when you buy a home,
you’re not going to have a payment

for about 45 to 60 days out.

And so, you know, you don’t have to
worry about making a house payment and,

um, and a rent payment at the same time.

And another thing to
consider is when you do.

Move out.

You’re going to get your deposit
back and hopefully have a little

bit of a cushion there questions.

So, you know, after hearing some
of this, you might, you know, have

brought something to mind that, uh,
you know, you’re curious about, or

you want more information on, so
just give me a quick message texts.

And I’ll be happy to answer any
more questions that you might have.

Thanks for watching my video to learn
more tips and tricks, how to save

money or make money in any real estate
market please like, and subscribe.

Um, my goal is to keep giving you
valuable content that you can use.

Any questions, please comment.

Thank you.