Biggest Regrets Home Buyers Experience

man frustrated

Though buyer’s remorse is never fun, there’s usually something we’d change if we could go back and do it again.  In a new survey, Chase Bank found out what some recent home buyers would change about their real estate purchase if given a second chance.

Here’s what home buyers say they would do in hindsight.

Get Smarter About Financing

While nine out of 10 buyers surveyed say they felt prepared at the time they bought their home. 56 % say that in hindsight, they should have known more about financing.

22% say they weren’t as educated about the closing process.

19% say they weren’t efficient enough on making an offer and negotiating.

15% say they needed more guidance on the overall financing of a home.

Choosing the right Realtor and Mortgage Lender is key here. So make sure you interview several in your area and ask for referrals from friends and family members before making your choice of who will handle your transaction.

Pick a Different-Size House/Area

39% of respondents, who say they would choose a house of a different size or a different price — or even in a different neighborhood — if they could redo their purchase.  Spend some time going to the area you are the neighborhood you are looking to move into at different times of the day and even different times of the week.  This will give you a feel of what the neighborhood is really like.

Adjust Expectations

A good chunk of buyers weren’t expecting the home-buying process to take as long as it did, with 40 % saying it took longer than they thought it would. 16% say they got a “pleasant surprise on timing,” according to the survey.  The length of the  home buying process varies from one extreme to another.  Stay in touch with your Mortgage Lender and your Realtor to get updates on where you are in the process.

Be More Prepared to Spend on Maintenance

Home ownership can be expensive. 34% of surveyed said that home-maintenance costs ended up being more than they expected.  80% of survey respondents say they considered their home move-in ready when they bought it, but 76% have since completed or planned renovations.  First time home owners are usually the most shocked due to the fact they just have never done it before.

 

Source – Realtor Magazine

Advertisements

Top Free Android Real Estate Apps

Rank   App Stars (5 max) # of user reviews Summary
1 Zillow Real Estate 4.5 9,782 Shop homes for sale, for rent, and more on Zillow’s database of all U.S. homes …
2 Homes.com 3.5 130 Search nearby homes for sale or rent using the Homes.com real estate search …
3 REAL ESTATE 114 4 1,039 View apartment price trends and floor plans using the location-based services; find out recommended houses for sale …
4 REALTOR.com Real Estate Search 4 1,053 Find the perfect home. Search more than 4 million homes for sale. Let your fingers do the searching with Area Highlighter …
5 HuizenZoeker 3.5 14 Use HuizenZoeker to find all real estate in the Netherlands. Search for a specified location or by GPS for homes …
6 Real Estate by Smarter Agent 4 1,580 Combines three powerful real estate searches in one easy-to-use app …
7 Real Estate Droid 3.5 806 Search homes for sale or rent, new homes or foreclosures, rooms for rent or sublets. Get live, updating real estate info about your current location …
8 DRAPT.CO – REALESTATE PORTAL 4 6 Get real estate information more easily. Search using a map or keywords …
9 HOME’S 3 22 This app was created by one of the biggest real estate portal sites in Japan. You can search for real estate properties both for rent and sale …
10 ZipRealty 3.5 259 Search active multiple listing service-listed homes in 5,000-plus cities across the U.S. … 
11 funda 2.5 79 Funda is the most visited of the Netherlands, with almost the full range of sale, rent and new homes …
12 HotPads 4 330 Search for apartments, houses for rent, real estate, vacation rentals and hotels Take your housing search on the road with the HotPads map-based housing search. Use GPS …
           

Source: Android Market, Inman News

Spotlight Neighborhood of the Week – Mystic Vineyards

street scape

Mystic Vineyards offers easy living, affordable luxury and a great location.  Mystic Vineyards in Anderson SC is centrally located just minutes to AMED, great shopping, restaurants galore and the best schools, plus about 8 minutes to I-85.

Enjoy included features such as;  Up to 3800 sq. feet,  4-6 Bedrooms, “Legend Series” Trim Package, Granite Countertops with Tile Backsplash, Appliance Package (Black) which includes; Gas Range,  Microwave, & Dishwasher, Trey Ceiling in Master Bedroom and Formal Dining Room,  2” Faux Wood Blinds, 9’ Smooth Ceilings,  Fully Sodded Lawns, Professionally Landscaped and Maintained Entrance, Street Lights and Protective Covenants.

This is one of Anderson’s newest communities in an incredible location!  Click here to see lots and homes available.

Call us at 864-356-4613 and we can help you pick out your lot and home plans.  You can build your dream home here with this quality builder.

Spotlight Subdivision of the Week – Tuscany

Clubhouse

 

Love where you live!  Tuscany offers one of the nicest clubhouse’s around with swimming pool, lazy river plus a grand waterfall entrance. The views are breathtaking and vary between mountain, nature and a pond views. This community has plenty to choose from re-sale homes, new construction or lots so you can pick your own home site.

Tuscany is located just minutes off of HWY81 on Thompson Road.  Part of the subdivision offers School District V schools – North Pointe Elementary, McCants Middle and TL Hanna High while another area of the subdivision offers District 1 award winning schools in the Wren zone.

For homes or lots for sale in Tuscany, click here.

Sellers – What You Need To Know About Home Inspections

home inspection

Selling your home can make you feel like you are living in a house of mirrors, potential buyers and Realtors evaluating, judging and otherwise picking your home apart.  I mean you have loved it for years, what could be wrong with it? And then, just before the sale of your beloved home comes the most intense scrutiny of all – the home inspection.

One way to avoid the stress is a  pre-sale home inspection this way the Seller knows of any potential problem with the home before it occurs. The purpose of a home inspection is to ensures  the buyer knows exactly what they’re buying.  A pre-home inspection can also strengthen your power at the negotiation table so the Seller know what the bottom dollar of the transaction will be without a costly surprise near the end of the contract process.

If you’re new to the home sale process, here is what to prepare for and survive the home inspection. You’ll earn valuable peace of mind and possibly a profitable sale price as well.

Find a Reputable Home Inspector

As your list your home with a Realtor, let them know you need a respected home inspector.  Realtors deal with home inspectors every day so they will know who to recommend.

How a Home Inspection Works

Nearly all of today’s home contracts of residential properties include a home inspection contingency clause, this is a provision allowing the buyer to hire a professional home inspector to thoroughly evaluate of the house and determine if there are any issues with its structure or systems. Once the contract of sale has been signed, the buyer can employ a home inspector of their choice, whom they may or may not accompany during the two- to three-hour inspection.

A typical home inspection includes a check of a house’s structural and mechanical condition.  According to ASHI, the ten critical areas for inspection during the process are the structure, exterior, roofing system, plumbing system, electrical system, heating system, air conditioning system, interior, insulation and ventilation, and fireplaces.

Once the home inspection is complete, the inspector creates a report for the home buyer detailing their findings and they often include photos. This report will note problems requiring immediate attention and conditions that could lead to more serious issues over time.

Spotlight Neighborhood of the Week – Rivendell Subdivision

rivendell

Rivendell is one of Anderson’s fine communities offering amenities and a variety of house plans to choose from.  Do you prefer an established home or are you looking for new construction?  Whichever is your choice Rivendell has homes to meet your every desire.

Rivendell offers fine amenities such as a gated entrance, nice clubhouse and lazy river with swimming.  The clubhouse includes a large meeting room, a kitchenette and an exercise room.  Community activities at the clubhouse provide the opportunity to socialize with other residents.

Rivendell is approximately 6 miles from downtown Anderson and about 4 miles from I-85- great for commuters.

Rivendell homes are traditional in style and most are custom designed.  Exteriors are finished in brick, stucco, or stone veneer adding to the solid appearance of the community.  Single story homes must have at least 2200 heated square feet of living space, while two-story homes are required to have at least 2600 square feet.

The Rivendell neighborhood has a Home Owners Association and detailed Covenants and Restrictions which establishes and maintains the standards for the community.

Click here to view all homes and lots for sale.

Quick Tips for Home Office Organization

home office spaces

 

Is your home office sharing space with the family or living room? Professional organizers provide helpful tips to help you organize your home office no matter what room it’s in.

1. Invest in functional furniture.

Home offices need a clear work area, and that means providing adequate space for computer hardware and equipment, filing space and a location for frequently referenced supplies and paper. Make sure your office furniture provides ample space for work and storage.  An armoire works great because you can close the doors and hide your “desk, office equipment and paperwork.”

2. Properly place the hardware and peripherals.

Remember that if you are using a room that is not a dedicated office space you will like to position your desk and equipment by frequency of use. If the printer is used daily, it should be within easy reach. If the CPU is only accessed for troubleshooting, it can be placed under or next to the desk. If a scanner is rarely used, it can be placed outside the work area.

When setting up hardware, be conscious of access to drives, trays and cords. Don’t block access to drawers or take up leg room with tangled cords.

3. Conceal Cables and Wires

* Professional organizers suggest several tips for containing unruly wires and caring for media and computer equipment.

* Don’t forget to label the cords that connect different components to each other, as well as the cord to the electric supply.

* Bundle like wires together to cut down on cord clutter

* Use a surge protector for all delicate electronic equipment. Check the back to make sure it’s UL listed and is a transient voltage surge protector. High-end protectors are built with replaceable fuses and will last longer than less-expensive models that might not work after a large surge.

* Stacking equipment makes the most efficient use of space in a media center or office space. Be careful not to stack any equipment with venting on the top (such as amps or satellite receivers) because they might get too warm.

* To clean a TV screen, use a lint-free cloth such as an old T-shirt. Spray the cloth with water or suggested electronic cleaner and wipe clean. Never use an abrasive substance on the screen. Never use window cleaner to clean a computer screen; stick to a lint-free cloth and consult with your monitor’s manual for the proper way to clean it.

4. Establish a paper processing center

Create an area within your work area for papers that need immediate action.  These papers or flies should be closest to you, so you will pay close attention to them.

Establish a permanent filing system for papers you will reference, but not on a regular basis.  These files can be stored in a filing drawer system.

Resource – HGTV