Monday, March 11, 2013

Wednesday, March 21, 2012

Homes For Sale - Don't Overlook The Potential

Home shopping for first-time homebuyers it's an exciting, albeit nerve- wracking, experience. If you're like others in the market for their first home, you probably have in mind exactly how your soon-to-be home will look.
But it's important not to fall into the bad decorating, dingy walls and dirt-bare back yard equals bad-home trap. If you don't see past the hideous wallpaper, funky light fixtures and avocado green carpeting, you may miss out on a home with great potential.
And, if you're looking for a home in a seller's market where homes are being snatched up as soon as they go on the market, you'll come to realize you can't be choosy if you want to make a competitive offer.
Man on ladder painting houseOne of the first things to do is to get pre-approved for a loan and determine the maximum you can afford to offer for a house. Don't look at homes that are asking for more than 5 percent above your maximum, otherwise you'll be setting yourself up for disappointment if you find the perfect—but outside your budget—home.
So what to do?