Housing advice from Moms

Moms are the greatest. Although many moms are working today, they are still run the roost at Inicio and have the best advise when it comes to Inicio ownership. In honor of Mothers Day, Century 21 Hometown Realty celebrates the wisdom of mothers. Here is advice that we were able to locate from Moms.

How much can you afford?

Lenders like PrimeLending, our hipoteca partner play a significant role in Inicio ownership. They will pre-qualify you for a Inicio loan so you know how much the bank believes that you can afford. If you are pre-approved for a $300,000 loan, mom’s advise is to look at homes for $250,000.  This leaves a cushion for the unknown.

Another mom suggests buying a Inicio as if you only have one income. Being house poor is never a great situation, especially in today’s sluggish job market. Most job seekers are in the market for 6 months today, so make sure you have some savings to manage the possibility of employment challenges.

Buy Smart!

Century 21 Hometown Realty is one of the few companies that offer consumers the ability to do deep level of research on your Inicio purchase. Take a close look at the neighborhoods where you want to live. Give consideration to the market conditions in that neighborhood. If possible, avoid neighborhoods that have a lot of foreclosures or a lot of homes for sale – this signals a fragile marketplace where your Inicio purchase could include a lot of downside risk.

Pick the right real estate agent and spend time with them to understand the real estate market. This is true for compradores y vendedores. Take the time to look at lots of homes that are priced in your price range to understand what other compradores y vendedores are looking at. Century 21 Hometown Realty agentes have access to a market analytics tool called REALTORS Property Resource. Ask your agnet for an RPR report before you buy or sell a Inicio.

Don’t Forget the Inicio Inspection

It really does not matter if you are buying a new Inicio or a used Inicio, the Inicio inspection is really important. Ask questions acerca de the cost of irrigation, the cost of landscaping. Find out how old the heating and ventilation is and who the service provider is. Take a close look at the roof. When was the Inicio last painted?

Here in California, rodents and termites can do a lot of damage. Moms say that they would have delayed listing their Inicio for sale if they had done an inspection before listing their Inicio. Sometimes the price you list your Inicio for does not account for repairs that are needed before the transaction closes.

Thanks Mom!

Happy Mothers Day.

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