10 Tips for Buying and Selling a House in 2010
For many people, buying and maintaining a home is a big part of our adult financial existence.
The current downturn in housing has been deep and persistent and although there have been some rays of light out there from incredibly low interest rates to the recent $8000 home buyer tax credit.
We still have a long way to go before home prices recover and the real estate market returns to more normal trends.
Right now we’re in a buyers market so for many of looking to find your best places to relocate or retire in South Carolina or North Carolina, there are a lot of great deals awaiting you.
At the same time, some of you also need to sell your current home before you can relocate or retire to your best place in the Carolinas.
Now… that’s not cause to get discouraged, it just means that the process may be a little rockier than in the past and you need to keep an eye on the big picture. In fact, in tough times like these its good to keep in mind certain fundamental principles of buying or selling real estate.
This is where I come in.
I want to help you find to your best place to retire or relocate to in South Carolina or North Carolina so let me offer 10 Tips to help you whether you are buying or selling a house.
- What is your dream?:
- Ask yourself why you’ve waded into the real estate market and what you hope to accomplish.
- What do you need to make your dream a success and find your best place to live?
- Compile a list if you need to.
- Find a real estate agent:
- An experienced realtor can make all the difference.
- Someone licensed and in tune with the local housing market can provide you with a lot of options when buying and much needed advice about what is selling or the little things to attract a potential buyer.
- Do your homework:
- Few people buy anything without having a look at it.
- Look into everything from local home sales prices to even the smallest details about your potential new best place to live neighborhood.
- Sellers want to know what buyers are looking for and what other homes have sold for in their area.
- Find your price:
- Even with all the great deals, think about what you can afford to pay for your new home once you've decided on your best place to live in South Carolina or North Carolina.
- Sellers, in a buyers market you’re going to have to price your home to sell, which right now means lowering your price.Things might not go your way especially in the beginning
- Get your finances in order:
- Lenders are pretty stingy these days so having solid finances can make all the difference at getting a decent loan.
- Having your finances in order also makes it easier to plan and successfully move to South Carolina or North Carolina your next step after selling your home.
- Communicate:
- Buying and selling a home is about being able to communicate what you will and won’t do.
- Given the financial investment this is very important.
- Pursuing good lines of communication with realtors, banks, buyers, sellers, spouses, etc. can only help you.
- Remember this is your best place to live we're talking about. The time of your life you have been planning for a while now.
- Inspect the property:
- Whether buying or selling, having a home inspection done is a good precaution.
- You don’t want to be surprised by a major problem and it can only help you when negotiating your price.
- The Offer:
- Take all you’ve learned and prepare for the back and forth of making or entertaining an offer on your home or the home you've decided is your best place to live in the Carolinas.
- Think of ways that might enhance your chances (ex: cash offer, covering closing costs) as the process moves forward.
- Be flexible:
- Keep things in perspective and be opportunistic when it come to what you will and won’t do when either buying or selling.
- Be patient:
- Don’t worry how long it takes to find your best place to retire or relocate to, or sell your home and buy your dream home. Just know that in time you will find what you want.
- You'll find your best place to live, your dream home in the Carolinas!
Until next week….have a great one!
About Bob Bencivenga
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Bob Bencivenga is a professional site locator and location analyst for major corporations and has been researching the growth of NC and SC to find the Best Places to Retire or Relocate that are still affordable. |
| Visit his blog The Carolina Report and sign up for FREE updates by email,his FREE Affordable Best Places To Live Report and, get FREE Expert Advice on how to find Your Best Place to Retire or Relocate to in North Carolina and South Carolina, additional resources, and a lot more.
Bob does not sell real estate. |
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