Pros and Cons of Waiving Contingencies

If you’re at all involved in the real estate market lately, you have probably heard a lot about “contingencies” (also referred to as “conditions” in other parts of the country).  You might have also heard about all-cash offers, “non-contingent” offers or “waiving contingencies,” especially if you’re in the Bay Area.  Many of my first-time homebuyers, and even experienced homebuyers, are commonly confused by this complicated-sounding term.  If you’re one of them, this post is for you… Continue reading “Pros and Cons of Waiving Contingencies”

The Less Obvious Costs of Buying A Home

If you’re a first time homebuyer, or it’s been a while since you bought your home, you’re probably wondering what added costs are involved in purchasing a home, aside from your down payment.  Once you are under contract to purchase a home, your lender will provide you with a loan estimate, which will include an estimate of all closing costs.  However, you may want an idea of what these costs look like long before reaching that point in the homebuying process.  And rightly so:  it’s important to be informed ahead of time to avoid surprises – just a little preparation can make all the difference.  A general rule of thumb is to budget for 1% of the purchase price towards closing costs.  Below is a rough estimate* of some of the costs that might be involved with your home purchase.  (Please note these numbers are based on the San Francisco Bay Area real estate market and may vary.) Continue reading “The Less Obvious Costs of Buying A Home”

The Cost of Waiting To Buy

Many homebuyers I encounter are on the fence of buying now vs. waiting until later this year or next year to buy a home.  “Will inventory get better?”  “What if the market softens?” “Is another crash coming?”  “I’m waiting for prices to come down.”  

If we haven’t spoken over the phone or in person about these concerns yet, we definitely should.  But below is some general information for you to consider when determining whether now might be the right time for you to buy a home.   Continue reading “The Cost of Waiting To Buy”

Do I Need To Remodel Before I Sell?

A homeowner recently asked me whether she should make certain upgrades to her home before she put it on the market.  While I believe some upgrades help the home show better, and increase the home’s appeal to a greater number of buyers — such as removing popcorn ceilings, applying a fresh coat of paint — many upgrades aren’t necessary to sell a home for top dollar.  Below are some repairs that can get you a greater return on investment. Continue reading “Do I Need To Remodel Before I Sell?”

The Benefits Of Homeownership Go Beyond The Financial

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.

Homeownership is NOT just about the money. In fact, some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors: Continue reading “The Benefits Of Homeownership Go Beyond The Financial”

Powered by WordPress.com.

Up ↑