One of the biggest hurdles in the home buying experience is the approval of mortgage. However, many buyers set their heart on a house that does not fall under their budget. Today, while the inventory is quite stable, multiple offers are on the rise. You have to compete with other buyers to come out at the top.
From loan programs to repairs, home inspection and other costs, you need to plan for everything in advance so that no surprises face you in the future. It’s important for you to take notice of everything the seller says in the first meeting because this will help you during the negotiation or when you are preparing a counteroffer.
Following are some of the things you need to work on before and while meeting the sellers:
When searching for a home for sale in Oakland County, Michigan, create a list of all the features you are looking for in the house. This will help you remain under the budget. A key to making this experience easy on yourself is to set a low budget. Give yourself some room to raise the budget in case you find a house that you fall in love with. This way, you will be able to negotiate with the seller on the price and give him the impression that you are going out of your range.
Maintain a Poker Face during Negotiations
Buyers beware… think before you say anything in front of the seller. It’s possible that during the negotiations, your own words might bite you back. Moreover, when touring the house, assume that the seller has eyes and ears everywhere. Any offensive comment you pass might affect the buyer negatively. Just because of a simple conversation that you and your wife had amongst you, the buyer might decide to cancel the deal with you.
Home Buying Experience Qualifying Questions
You won’t seem nosy at all if you start asking the seller questions one after the other. You are going to make such a big purchase, so it’s your right to know everything about the property and the seller.
Following are some examples of questions you should ask for a great home buying experience:
When will the seller move?
What kinds of repairs are needed?
Has the seller received any other offers?
How long has this Oakland County, Michigan, been up on the market?
How much are utilities, taxes and interest rates?
Are there any restrictions from the HOA? (Home Owners Association)
Does the seller want you to pay the closing cost?
Are pets allowed?
Can the buyer recommend any lenders who will expedite the mortgage loan process?
Explore the Neighborhoods
Do you have kids? Are you planning to have them in a year or two? If you are, then you need to explore the neighborhoods before buying a home for sale Oakland County, Michigan. Talk to the people living in the neighboring houses, check out the parks, and visit the community center. Have a feel of the place and then decide whether you are ready to move here or not.
Remember, You Are Just a Guest
Don’t go using the bathroom while you are touring the house. Turning the taps on and off in the bathroom or pressing the flush handle is fine, but don’t make yourself at home. Be respectful and do not go into the rooms that the seller has cornered off.
Take Pictures with Permission
You want to share the home buying experience you had during a house tour, which is completely fine, but don’t start clicking pictures without the seller’s permission. It’s common courtesy!
Before you forget what features you saw in which house, create a list of pros and cons. This will help you make the right decision when you finally sit down to choose the house you liked the most. If you want to buy a home for sale in Oakland County, Michigan, that falls under your budget and has all the features you need, then visit Homes2MoveYou.
Listing sites like Zillow, Trulia, Redfin are Apps That Commonly Get It Wrong but have become the go-to source for many buyers and sellers (particularly people attempting to buy or sell property on their own) to get information about the market, view properties, and connect with property owners.
But while most people believe these listing sites are a reliable source of information, there’s actually quite a bit of misinformation that can throw a wrench in your home search or sale.
Here are the three things real estate apps commonly get it wrong (and how you can avoid them while selling or buying your home):
1. Not all postings are real
One of the biggest problems on most real estate apps is that they don’t require any verification from the people placing listings. So essentially, anyone with an internet connection can post any listing they’d like — including listings that are completely falsified.
There are an immeasurable number of fake listings on these app sites; posters either use the “bait and switch” method, posting photos of one property when they’re really selling another (one New York real estate company was caught red-handed using celebrities’ properties in a highly publicized bait and switch scam in 2015), or create a completely fake listing in hopes of gathering people’s personal information for marketing purposes or, in some extreme cases, identity theft.
For these reasons you may waste a lot of time and energy looking through these apps and engaging with fake listings, which can keep you from finding real listings — the kind that could end up being your dream home.
2. Not all postings are up-to-date on these apps
Another big issue with these apps like Zillow, Trulia, Redfin Apps That Commonly Get It Wrong is that often times, listings aren’t updated. So a listing you see for sale might have actually been sold the previous week or a listing that reads “sale pending” might actually be back on the market.
This failure to update these apps is a bad situation for both buyers and sellers. As a buyer, it means you might get excited about a home only to find out it’s already been sold or you might pass on an amazing home, thinking it’s already been sold… only to find out after the fact it actually was available. If your listing is out-of-date as a seller, it means you could miss out on potential buyers thanks to inaccurate information.
Without up-to-date information on these apps, it’s impossible to effectively manage either the search or the sale of your home. But unfortunately, when you work within these types of real estate listings sites, you’re pretty much guaranteed out-of-date information.
3. Property information is often incorrect
On top of fake listings and out-of-date listings, many listings on these sites are just flat out incorrect. And this can be a big problem for both buyers and sellers.
As a buyer, you want to know what you’re getting into when you look at a property. But if the information is incorrect — for example, the listing states the property is 4 bedrooms when it’s really only three or that the home sits on 2 acres when it’s really only 1 — you’ll end up wasting a lot of time looking at properties that don’t actually fit within your parameters.
As a seller, not only will incorrect listing information waste time by connecting you with buyers who are looking for something different from what your property has to offer, but it can actually affect the price of your offers. Zillow, one of the top real estate apps, offers a popular feature called “Zestimate” which estimates how much a property is worth whether it’s on or off the market. Anyone can access this information, including potential buyers. And buyers use Zestimates as a way to come up with offer prices.
Unfortunately, Zestimates are often inaccurate. In fact, they’re off by an average of 8% nationally, which is a pretty shocking disparity.
Apps and listing sites readily admit their information might not be accurate; most all have a disclaimer page stating that information on their site may be inaccurate and encouraging potential buyers or sellers to verify all information independently.
Moral of the story: when you deal with real estate apps, you’re also going to be dealing with a lot of misinformation, which can derail your home sale or search.
What to do instead
As you can see, real estate apps like Listing sites like Zillow, Trulia, Redfin are Apps That Commonly Get It Wrong but have become the go-to source for many buyers and sellers (particularly people attempting to buy or sell property on their own) to get information about the market, view properties, and connect with property owners.
These Apps aren’t your best bet when it comes to buying or selling a home. You’ll end up wasting time and energy on Zillow, Trulia, Redfin Apps That Commonly Get It Wrong with fake or out-of-date listings or inaccurate information. That’s why it’s always best to work with a real estate agent. Agents have access to the most up-to-date, accurate information through the MLS, which will ensure that as a buyer, every home you see is exactly what you expect it to be, and as a seller, every potential buyer that comes to tour your home will know exactly what they’re getting into.