Welcome or Register

Blog: buying a home

New Buyers- Ways to Set Yourself Up for Success

As one of the largest financial decisions in a person's life, buying a home requires discretion, sensibility and budgeting. The following tips will keep you on the right path as you look to purchase your first place.

1. Keep score
The better your credit score is, the better your mortgage terms will be. A good credit score can save you tens of thousands of dollars over the life of your loan. Start reviewing your credit a few months before you apply for a home loan. If you have a score in the 600s or lower, start paying down credit balances to 30 percent or less of your balance. Also make bill and debt payments on time – no later than 30 days after the due date. If you have a score in the 700s or 800s, be sure to maintain and protect your good credit. The slightest credit misstep can cause a strong credit score to plunge more sharply than a weak score.

2. Consider all costs
The cost of a home is just the start, and smart buyers tighten their belts before buying to meet the monthly and yearly financial demands of homeownership. When you buy a home, you're responsible for paying principal and interest, taxes and insurance. Additionally, you'll need to cover expenses such as utilities and possibly homeowner association dues. You'll also need cash on hand for the upkeep and repair costs that come with any home. The average homeowner spends 1 percent to 4 percent of a home's value on property maintenance each year, according to U.S. News & World Report. Expect to pay for repairs or maintenance even within the first year of owning your home.

3. Be flexible in your search
Home-buyers who distinguish between wants and needs make the most sensible decisions. A list of must-haves should include items that affect your quality of life, such as a home's location, its price, number of bedrooms and square footage. You should be prepared to concede nonessential items, such as views and extra rooms, if you find a house meets your must-haves and is within your budget. Being flexible also involves adjusting your criteria as the home search progresses. For example, your budget may require looking at a town house rather than a detached home, or buying a fixer-upper in order to live in a better neighborhood.

4. Keep your cool
Don't get overly excited in your search, especially in markets where homes are selling quickly. A bit of self-restraint prevents you from overspending or choosing a home that doesn't fully fit your needs. Be prepared to walk away if a home inspection reveals more defects in a home than you're able to deal with. Also, keep calm if you find yourself in a bidding war. Your agent can help you make the most competitive offer, and if it doesn't get accepted then your agent can help you find the next great option. Finding the right home that fits your lifestyle and budget can take weeks or months. By starting early and being patient, you'll avoid the sense of urgency that often drives home-buyers to make hasty decisions.

Don't go it alone! Find a RE/Max agent on our "Our Agents" tab above to guide you every step of the way.

5 Things to Expect When Selling Your Home in the Winter

Winter is traditionally a slower time for home sales, but don't despair. Here are a few ways the timing might play in your favor.

1. Buyers tend to be more motivated
Buyers looking for homes are doing so because they really must relocate due to job, family or other unavoidable circumstances. You'll probably waste less time dealing with real estate tire-kickers.

2. Things move faster
Because there are fewer transactions during the winter, mortgage companies, home inspectors and appraisers have less on their plates. You should be able to schedule appointments sooner and expect faster turnaround for reports and approvals than in the busy warmer seasons.

3. You can leverage the smaller inventory
With fewer homes on the market, it can be easier to promote your property's comparative advantages. Highlight your home's unique features. Are you the only townhome within walking distance of downtown? The only split-level with a pool in your school district? Be sure to mention it in your listing.

4. Summer buyers are looking now
Not everyone looking in the winter must move immediately. Your Realtor may have ideas about how to market your home among local businesses and organizations with fluid populations, such as universities, or via school district websites that might attract families moving to the area.

5. You can remind buyers of warmer weather
Be sure to include images of your home during greener summer months, including lifestyle shots of your deck, patio, porch and/or yard. Feature these photos in a frame during showings to remind buyers how the home can come alive in the spring.

An experienced agent who knows your unique market and the current inventory can paint a more specific picture of what listing your property in the winter will be like. Contact us any time if you need someone to help you with this.

-Information gathered from RE/Max LLC Blog

RE/MAX PERFORMANCE
​776-B Freeman Lane
Grass Valley, CA 95949
Phone: 877- 45-REMAX
info@remax-performance.com
CA BRE: 01949144

Contact Us





* fields are required

Thank you for visiting the RE/MAX Performance website. Please contact us today for more information about our agents, and our listings.

Visit our social media accounts to keep up with the latest RE/MAX Performance content!

RE/MAX PERFORMANCE
​776-B Freeman Lane
Grass Valley, CA 95949
Phone: 877- 45-REMAX
info@remax-performance.com
CA BRE: 01949144
Real Estate Websites by iHOUSEweb iconiHOUSEweb | Admin Menu