Skip to main content

Your First Home: Step 4-Find Your Home

Can you say open house? I can. So many open houses! So many people walking through all of your potential houses! Before we figure out what houses to look at, we need to figure out what is important to find in your home. What do you value most?

1.      What do I want my neighborhood to be like? What do I want my home to be close to?

2.      How much space do I need? What do I need space for?

3.      What is most important-location or size?

4.      Would I be interested in a flipper Upper?

5.      How important is appreciation?

6.      How important is neighborhood stability?

7.      Would I be interested in a condo?

8.      Would I be interested in new home construction?

9.      What features do I need? What amenities do I want?

Features: Age, Style, Bedrooms, Bathrooms, Living and Dining Areas, Stories, Square Feet, Ceilings, Kitchen, Storage, Parking, Extras

Amenities: Office, Play Room, Exercise Room, Security System, Sprinkler, Workshop/Studio, In-law suite, fireplace, pool, hot tub, side walk, wooded lot, patio, laundry room,

-. *  What does your home need now, and what does it need potential for?

-   * Of all your wants and needs, which are the most important?

Once you give a list of what you value most in the house a good hard look, we turn that list into possible house matches. From here it is a three step process: Check out homes that match your criteria, write and negotiate an offer on the right home, and inspect the property before finalizing the deal. When you pick a home you want to view, typically your agent has previewed it and has a print out with all pertinent information. As you view multiple homes, keep notes on what you like and don’t like.

Now, lets assume you walk through a home you really really like-and can afford! It is time to prepare to make an offer on it. Join us for step 5 next week.

Orange, CA-TRREG DRE#01843673-RP100 DRE#02059058-P:714-831-1800-E:info@theresultsrealestategroup.com-W:www.theresultsrealestategroup.com-Facebook - Twitter - Instagram - LinkedIn
Reference: Your First Home by Gary Keller
Labels:
Location: Orange, CA, USA

Comments

Post a Comment

Popular posts from this blog

The Fault in our iBuyers(iBrokers)

Today's topic will be about this developing trend of what are called "iBuyers", which are buyers that are more "convenient" to a seller, and who buy houses "as-is" with "all cash". In today's controversial environment of taking a position, this sounds all too familiar.  I would like to bullet point some of the problems of this iBuyer Trend: 1. iBuyers are really iBrokers The "buyers" really are intermediaries for larger venture capital companies, one of these companies, Opendoor, just closed on $300 million more to bring their total funding over $1 billion to buy single family homes for rent and for flip. It is estimated to spend more than $4 billion per year buying homes . Though the terms of the funding are not public, no one hands someone else $1 billion with no strings attached, they have their guidelines and what they can and can not do and are functionally no different than brokers.  2. Therefore, more i
Post a Comment
Read more

Real Estate Investments: Invest Up

I want to speak briefly to the masses today. Normally our audience is the Buyer and Seller, and yet it is easy enough for anyone to become both. It could even happen that you are a Buyer, Seller, and Investor at the same time! How can this be? Me, a normal person can be a Investor? Yes. Even more than that, as soon as you start your journey you start doing something greater than yourself, building generational wealth. Let's start at the very beginning, a very good place to start. This beginning looks like a house purchase. That would be because it is a house purchase. Assuming you are buying this house to rent out, you are now a Landlord and Investor. The first house is going to be the scariest, it gets easier from there. Let's assume you have rented out the house for a couple of years and you are looking to upgrade from a Single Family Residence to a Duplex. You would sell your Single Family Residence and 1031 the proceeds of the sale into the purchase of the duplex. Yo
Post a Comment
Read more

How I Learned to Stop Worrying and Love the Coronavirus

Greetings, Today I wanted to simply jot down some thoughts I had about this novel coronavirus (COVID-19) that the news cycle seems to love to talk about: - Will real estate values be affected? The answer is the same as every real estate question, it depends. I believe luxury will be impacted, I think more modest dwellings will not, and for a very simple reason, there is not more inventory and people have to live somewhere. - Is this our 1987 moment? In 1987 we had Black Monday, the biggest one day stock market drop in history, afterwards, real estate prices went up in a straight line for 18 months. Just like any good investor, when there is a shock to the system, you have to recalibrate, you either go to safety (or even relative safety, like houses versus paper ownership in a company), or you go to what has been undervalued. I suspect there is a good chance this is our 1987 moment for real estate. The 80's are dead, long live the 80's. - The drop in stock price
Post a Comment
Read more