Classified Realty Group



Posted by Classified Realty Group on 3/12/2019

For most homeowners, a home is not just a property with four walls and a roof over their head. Over time, it becomes a place that reminds them of sweet memories spent with family and friends. Buying a home is expensive, and as a result, it is essential that you relegate any form of emotions and apply business-minded strategies in making good decisions. With this in mind, here are some costly emotional mistakes home buyers make and how you can avoid making them.

Falling in love too quickly

Buying a home can play with your emotions. But you must balance your dreams with the realities of your budget. Turn a deaf ear when the agent tells you "Oh, this house was made for you," or "It suits you perfectly," Focus on what you want in terms of space, location, maintenance, and the price. If you are buying a house, buy the one you need rather than what you want.

Allowing others to "steer" the process 

Agents and family members can be assertive in attempting to "tell" you what home to buy. What's more, friends who won't even live in the house will aggressively offer opinions about the subject. In an attempt to please others, some homeowners get highly emotional and buy a house they never liked. It is your house, and you will be the one living in it. Friends and loved ones only visit. So put yourself in charge of the buying process. 

Overpaying for a property 

Another common emotional mistake homebuyers make is paying too much for a property. Buyers—especially new ones—always tend to become desperate to buy a house or buy a house in a popular area, and most time, they end up paying far too much for the property. To avoid overpaying for a home, keep your emotional side locked and check the prices of similar houses in the area to avoid being ripped off. 

Putting the pen on paper too soon 

Generally, before you purchase a house, you need to sign a contract and pay a deposit. However, don't get too excited and sign the contract immediately you make the decision. Take your time to read through every line of the agreement. Also, get a seasoned lawyer or property professional to guide you, to ensure your interest comes first and insert any needed clauses. It is tough to make changes once you sign a contract.

Although buying a house can be an emotional experience, it is also an exciting time. Avoiding emotional mistakes, doing your research and keeping a calm head should help you to get a good home that meets all your needs.




Categories: Real estate   homebuyers   buying tips  


Posted by Classified Realty Group on 12/17/2018

Looking for the perfect place to call home? Is your vision of home that iconic white-picket fence ranch in the suburbs? Or, do you love the walkability of an urban neighborhood? Do you dream of a large backyard with room to host the neighborhood barbecue? How about being near to great schools? Extensive libraries or museums? Sports facilities? A neighborhood park? A nearby school?

Every year, various rankings for cities make it into the new: Best Cities to Live in America; Where to Life; Best Places to Live; Best Small Towns; Best Cities for Millennials; Top Ten Cities for [insert demographic here]. 

Investigate before you head across town … or across the country. 
The perfect location for someone else may not be the perfect home for you. Before chasing someone else’s dream, consider these factors that might better inform your home search:

Think about what’s important for you.
Do you value more space, better schools, a larger home? Or, does being near family and long-time friends give you a sense of “home,” of belonging? Do you want to be nearer work, so the commute is shorter, giving more time for “life”? These are not new questions. Families have moved from cities to the suburbs and back again for decades.

Consider what you might be giving up.
Moving to the city might mean access to cultural events, restaurants, a short commute, while the suburbs might offer that large home with a yard, or the perfect school. In either event, a move might take you away from friends, or give you the opportunity to make new ones.

Is it Family Friendly?

The criteria researchers use to determining a location's "family friendliness" include:

- Job market
- Commuter times and delays
- Crime rates
- School rankings
- Median household income
- Cost of living index
- Home affordability
- The percentage of homeownership

Different cities rank differently in each category in different years, so don’t just rely on the most recent reports to determine where you might want to live. Check back over the past few years and look for trends … Are the schools improving? Is there more dedicated greenspace? Has public transportation improved? Are the demographics change?

If you have school-age children, don’t just look at the elementary schools. In no time at all, your starry-eyed first-grader will be approaching graduation. It’s not all about academics either. Children need exposure to other opportunities and extra-curricular activities as well.

On the other hand, if you’re thinking of starting a family, you also need to check out hospital maternity suites (or birthing alternatives), daycare facilities, toddler playgrounds and opportunities for young parents to gather.

Of course, none of the lists, rankings, and surveys matter if the commute from your job is so long that you’ll miss out on all your kids’ ballgames and activities.

The perfect place for you to call home and to raise a family might be a new place where you’re sharing a new adventure together … but it might just be the neighborhood you know best and have already called “home.”

No matter what you determine, utilizing an expert real estate professional can match you up with the perfect place you, and your family will make into the home you’re looking for.