I think the overwhelming amount of documentation you'll have to provide a lender today in order to get a loan.
That there is actually competition and multiple offers being made in our market. You will need to put your best foot forward first and not make low ball offers just to "see if they'll take it". The media, friends, family, and co-workers will say otherwise but that's not the case.
Really scrutinze homes that have been vacant for a long time. I am seeing a lot of issues with pipes and water leaks/ flopds due to not winterizing properly and this is frequently missed in the inspection or cannot be gauged if your inspector doesn't have the right equipment.
Hope this helps,
TEC Real Estate
The process varies in different parts of the country. How you purchased a home in Georgia will be largely similar, but some steps may be different.
I encourage buyers to get their financing worked out early in the planning process. If you are a first time home buyer, you need to factor into your equation the tax benefits while working out your budget.
Everyone knows it costs money to buy a home, but owning a home involves paying for taxes, insurance, maintenance and repairs. Buyers should budget for a roof, appliances, plumbing surprises in advance of needing them.
All homes have issues and inspections are a good place to start but the seller, unless it's new construction, won't guarantee or necessarily fix everything.
Homes also are an expression of who we are, how we want to live and be seen. We make many memories in a home and should feel safe, secure and happy about what our home says about us. We may not always afford what we'd most like to have, but that gives us motivation for our next goals.
Here are a few possibilities:
The most glaring/most obvious problems are often the easiest to fix. It's amazing how many buyers will reject a home just because it needs new paint or carpet. Those are EASY to fix. Or they'll reject a house because it doesn't have stainless steel appliances and granite countertops. Those, too, are EASY to fix. On the other hand, people sometimes overlook incurable problems--proximity to a highway, for instance, or bad room layouts.
Sometimes it's not all about price. Selling a home is an emotional experience, sometimes intensely emotional. Dealing with that can be even more important than making a good offer. And other times, even when emotion isn't playing a big role, price may not be the overriding objective. Sometimes it's selling the house quickly as-is. Sometimes it's terms and conditions--getting the right closing date. Sometimes it's selling, knowing that the house is sold (taking a somewhat lower but much stronger offer).
Hope that helps.
Coming from apartments some folks are not used to how much Utilities can be. This can some times add a couple hundred dollars a month to what has been budgeted. Another is the expense of maintaining and decorating a home. If you look around you may find that most spend about 1% of the purchase price on average a year maintaining, decorating, furnishing, and otherwise enjoying their home. On the plus side a lot of folks do not know that you can write off the interest portion of your payments on your tax return which can help but ultimately it can be more expensive than you expect and when things go wrong the buck stops with you! Thanks Arron Renfrew http://www.arron.net
I would suggest, that as a buyer, you Google every agent that responds to your question here on Trulia, learn as much as you can about who they are online, read their client testimonials, so you know what their clients are saying about them, and then give us each a call and just ask us why we think you should work with us instead of another agent. This will take you a little while to do, but will be time well spent, as choosing the right agent is the first step towards choosing the right home. Then, pick the best fit for you and let them go to work for you with the skill and knowledge that they have. I hope to hear from you soon.
Jirius George Isaac