Many first-time home buyers find that the perfect home is out of their reach. The house prices, along with the down-payment expected, closing costs and inspection fees are too much to consider, and that is why many start looking for the perfect fixer-upper instead. According to a survey done by Realtor.com, nearly 60 percent of first-time home shoppers that are ages 18-34 say they would consider a house that needs renovations. A key factor for this is likely the expense of buying newer, turn-key houses.
While the majority of American families are not necessarily in the position to pay cash for their new home, it is still worth looking at the cash versus mortgage options to better understand that there are actually pros and cons of each payment method.
If you are in the market to buy a new home, the Fall just might prove to be the right time to find the home you’ve been waiting for. While the majority of people hope to be completely moved into a new home by the fall, if you have the option to wait until the temperature start to drop, you might find that things work in your favor. As reported by the National Association of Realtors, you will find April, May, June and July are typically the busiest months for people to purchase new, or “new to them” houses. Families strive to be settled in their new location by the time the new school year begins, especially when moving to a new town.
Once you make the decision to put your house on the market, the first thing you are likely to wonder and worry about is how much you will be able to sell it for. Before committing to any one agent, it’s extremely important to reach out to a few experienced real estate agents to compare offers and the contents of the offer.