The time has finally arrived when you're ready to purchase a home. You found the perfect property, your finances are in order, and you're ready to make an offer. There's only one problem, so is every other buyer that's looking for their dream home. In a seller's market, our REALTORS® can help you move to the front of the line.
In a seller's market, buyers outnumber available homes for sale. Buyers often face bidding wars and full-price offers for Nassau County homes for sale and Suffolk County homes for sale that don't sit on the market very long. You need to make your offer stand out so sellers will take notice!
If you're thinking about buying or selling on Long Island, contact us for information and prices on available properties that meet your needs.
For some people, there's something alluring and almost whimsical about living in an old house. It's the history, the craftsmanship, and the nostalgic factor that you can't find in a newer build. If you're looking for a home whose walls are filled with history, our REALTORS® can help you find the home of your dreams.
It's no secret that old houses carry a lot of charm and character. They just don't build them like they used to anymore. But for all their charms, buying an older house is a complicated affair. You must be prepared to spend more money long-term than your initial listing price. Even then, you might run into some issues.
Here are a few things you need to look out for when buying an old house.
Age is subjective when it comes to houses. As a general rule of thumb, an old house is one that's fifty years or older, and one built before 1920 is considered antique. But again, housing age is subjective – it's a condition based on numerous factors, including location, architectural style, and even local climate and geology.
For instance, houses in urban cores across the country, such as New York and Massachusetts, tend to be older, averaging over 50 years old.
To help you do your due diligence, here are the factors you need to consider when buying an older home.
In most cases, the construction style of a home is an indicator of its quality. Prefabricated homes are generally constructed to lower quality standards than custom-built new homes. Homes constructed in the Tudor, Craftsman, Victorian, or Queen Anne styles are usually solidly built, more durable, and can handle several rounds of repairs and renovations.
Climate and Geology
Certain climates can age a home. Houses in desert areas and places that experience extreme weather conditions tend to age faster. A house in Chicago will need repairs sooner than one in milder climates. Geological factors such as earthquakes, sinkholes, and high water tables can also accelerate the aging process. Homes in geologically active areas will require more repair and maintenance over their lifetime as such activities can lead to structural damage.
If the age of a home is subjective, what are the factors you should pay attention to more? Here's a breakdown.
Buying an old house has its challenges. With smart planning and the right realtor by your side, you can find a property that's well worth the hassle. Check out our Nassau County homes for sale and Suffolk County homes for sale to find vintage homes with some of that old-school charm. Contact us, and we can help you navigate the hurdles that come with buying an older home.
With mortgage rates at historic lows, 2021 is a great time to buy a home. If you fall in love with a property, you should definitely consider making an early offer, or you might lose out, considering the market is a strong seller's market. Our REALTORS® can help you craft the perfect proposal, one that couples financial details with the nuances of negotiations to help you close on the house of your dreams.
Currently, the housing market remains open, and the demand to buy is high. But housing inventory is low, and it's easy to find yourself in a bidding war with other homebuyers. The offer of purchase opens the communication channels that lead to the final deal.
Making an offer is not a choice you should make lightly. But just how long should you wait before you make an offer?
Here's everything you need to know about making an early offer.
When you're in the market for a new home, you shouldn't wait too long after finding a house that's a good fit before making an offer. You should submit a bid as soon as you're sure you want to buy it.
Typically in a seller's market, sellers prefer to keep their houses longer on the open market to give buyers plenty of time to visit and bid on the home. Knowing this, many buyers hesitate to make an early offer thinking they're at a disadvantage. However, in a fast-moving market, a pre-emptive offer may get you the house that you want. Remember, good homes get snatched up pretty quickly.
When is an early offer your best bet? If you have preapproval and have done your research, then you should make an early bid. There's no point in waiting if you have everything in order. You never know who else is interested.
A popular saying in real estate is: the first offer is the best offer. There's no other point when a house is most attractive than when it's first listed. And this works in favor of those who make early offers.
House-hunting tip: To make your offer attractive, shorten the contingency period to a week or so. This way, you won't constrain the seller's marketing time if the deal fails to go through.
While an early offer may get you the house, you're unlikely to make a bargain in the process. For pre-emptive offers to be considered, they must be high to garner attention. You must be willing to pay a higher price when you make an early offer so you can't have any doubts about the house.
It's clear that your bid will have to stand out when competing against other buyers. You'll need to be strategic, and a personal touch could give you the edge you need.
Don't shy away from making an offer on a house you love just because the market is competitive. It doesn't cost a thing to make an offer. The right real estate agent will guide you through the process and work to find you the right home for you.
Like many people, you've probably dreamt of owning a vacation property. But is 2020 the right year to take the plunge on a second home? After all, mortgage rates are at a historical low. But this is a time of economic uncertainty. And we don't know when the economy will fully recover from the impact of the COVID-19 pandemic. There's a lot to consider before you invest, which is why Our REALTORS® give you this rundown of the pros and cons of buying a vacation home in 2020.
Before you start looking for Nassau County homes for sale or Suffolk County homes for sale, talk to our REALTORS® to get an insight into the current real estate market conditions and find out if this is the time to take the shot. Contact us today.
Whether you're looking for Nassau County homes for sale or Suffolk County homes for sale, there's one thing you can count on: Our REALTORS® are there to make the whole process easier for you. We'll guide you every step of the way so you can make informed choices.
Unfortunately, even savvy buyers often believe some real estate myths.
It's no surprise certain real estate myths are so common. They've been around a long time and it's easy to pick them up through word of mouth. Some real estate myths were truths once upon a time. However, real estate changes quickly – and it's important to move with the times.
To make things even more complicated, the coronavirus pandemic has changed real estate in a very short time. Buyers and sellers around Long Island need to be aware of how COVID-19 has shaped the local market, but it's also crucial not to overcorrect.
Here are the biggest real estate myths to bust in 2020:
When it's time to buy your next Long Island home, Coach Realtors is here to help. Contact us for personalized advice.
Moving to a new city is an exciting time. A whole new place to explore, new friends to make, and new experiences to have. But it can also feel scary and a lot out of your comfort zone. Where will your new favorite pizza place be? Who will you go to yoga class with on Tuesday nights? It will take a little planning and a willingness to explore, but these tips will have your new city feeling like home in no time. Our REALTORS® are experts in the area and can help you to make the transition as simple as possible.
Make the most of your first few weeks and months in your new city. Trying just a few of these tips can help you feel like a local before you know it.
If you have any questions about things to do in your new town or you would like to learn more about homes for sale in your area, contact us for more information.
Our REALTORS® get plenty of questions about credit score and how it relates to buying a house.
Many people are intimidated by the idea of being judged by their credit score. They may have had financial difficulties in the past that impacted their ability to maintain the average score.
Here's some good news: No credit score is perfect – most experts claim that attaining the highest possible score is nearly impossible. Lenders aren't actually looking for "the magic 850," either.
The other thing to know is this: Even if your credit score is lower than you'd like, you still have the chance to change it. Starting even a few months in advance can improve your credit score.
In recent years, lenders have generally relaxed their credit score requirements. Still, improving your score can result in a better loan with a lower APR. That may save you thousands of dollars.
Here's what you can do to raise your credit score:
Contact us today for personalized advice to help you with your situation.