Location, Location, Location
Locations above or below average should be compensated by price. Use sold data to determine if an appropriate price adjustment was made when the property was listed.
Same as location. Sellers will often make obvious repairs if asked for within the offer to buy or condition can be sited as reason for lower price offer. The inspection provision will protect you from latent defects. Consult your Realtor to strategize the purchase offer relative to concerns about the property’s condition.
Different styles command different prices per square foot. Some have greater overall demand than others or appeal to different types of buyers. Some styles are more expensive to build than others or require larger land resources thereby discouraging developers. These supply and demand factors have significant impact on prices.
Beware of Functional Obsolescence. A home which lacks in characteristics which are basic or widely expected, i.e. a 4 bedroom home with only 1 bath, should be priced lower by at least the cost of adding (a bathroom) without diminishing the utility of the rest of the living space. Other such elements are garages, basements, dining rooms, yards, etc.. These factors are much more significant in the mid-to-upper price range homes.
After your initial interview, we will have a fairly complete idea of your wants, needs, price range and location and will enter your requirements in the Multiple Listing (MLS) computer. From the thousands of listings in it’s inventory the computer will print a complete list of homes tailored just for you.
We will make arrangements to show you those that seem the most suitable (i.e., condition, terms, etc.). As you approach these homes notice the condition of the roof, foundation, paint and landscaping. Observe the neighborhood – the condition of the other homes.
Is the home on a busy street? Is there suitable parking? Are the schools close by? As you walk through the homes, feel free to open cabinets and closets if you wish. Most often the Seller(s) will be absent, but should they be present, they will understand your need to examine the home carefully.
If the home appeals to you, make notes. It is easy to forget details. Often there will be a brochure available for you to take along to help you recall the home as you review your tour. A list of MLS abbreviations, explaining the inclusions can be found in this package. If the appliances are to be included, check their condition.
Don’t be surprised if the first home you see is the perfect one for you, and don’t be discouraged if none of those you visit the first day are what you want. We are committed to finding the one that you will want to call “Home”, and we will work diligently until you find it!