Steven Palatt's Blog
When you’re buying a home, there’s a lot of excitement that surrounds the search and purchase of the property. In the process of buying a home, however, there are many things that buyers forget to take into account during their search and budgeting. Below, you’ll find some information to help you be prepared as a buyer to consider your home purchase from all angles without missing a beat.
The Expense Of Closing Costs
Remember that closing costs will be somewhere in the 3-5 percent range of the purchase price of a home. Amidst all of your savings, you’ll need to consider this a part of your expenses. Closing costs need to be paid upfront in most cases. You can roll your closing costs into the financing, but it depends on the circumstances. There are no guarantees that the lender will agree to it. Your realtor can also sometimes negotiate for the sellers to pay the closing costs, but in a seller’s market this is quite rare. Be prepared with your closing costs and understand how much you’ll need to spend so that you have an appropriate amount for the downpayment and the other expenses that you’ll incur during the process of buying a home.
The Cost Of Maintaining A House
Many buyers forget about all of the costs that they will need to pay for after they finish buying the house. In addition to a monthly mortgage payment, you’ll need to pay for things like utilities, routine home maintenance, furnishings, and more. If you completely deplete your savings for the purchase of the home, there’s not a whole lot of wiggle room for you to pay for additional needs in the house.
The Cost Of Furnishing And Decorating A Home
You may move into a home with a few pieces that you have previously owned. You could also need a lot of things from a bed to a sofa. All of these items can add up. You may even have to worry about little things like window shades, curtains, lamps, light bulbs, and more.
Home Repairs Can Cost A Pretty Penny
If something needs to be done in your home, the repairs can cost you quite a bit. If you’re not paying attention during the home inspection, you’ll be in for some surprises. That’s why you need a good realtor to help you through the process. A new roof can cost thousands of dollars. New appliances are an expense you should plan for. Other major work that needs to be done around the house can also dip into your savings significantly. As a buyer, you need to be prepared for any of these expected or completely unexpected costs.
Your outdoor lighting is perhaps one neglected area of your home. For both safety and beauty, the outdoors deserve a certain amount of attention when it comes to lighting. There are plenty of ways that you can make your outdoor lighting both welcoming and practical.
Just as you would inside your home, you should try to layer your lighting. To do this, you should include many different kinds of lighting especially lighting that brightens the outside walls of the home, highlights landscaping elements, and even some overhead lighting.
Use Decorative Lighting
Decorative lanterns and lamps are an easy way to add lighting to your outdoor spaces. You can let them stand on their own, spread them out, or you can group them and line them up in certain areas like a wall or a table. Candles are also a great way to multi-purpose practical lighting with decorative lighting.
Light Your Steps
It’s important to provide adequate lighting on stairs and decks. Anywhere that people can trip is a place that needs adequate lighting. Solar powered lights are perfect for these uses.
Use String Lights
String lighting hung overhead can be perfect for courtyards, decks, roofs, or even trees and shrubbery. If you don’t have anything to hang string lights from, you can always get creative using posts and planters. This is a great non-permanent solution for you to have some pretty lighting available.
Don’t Draw Too Much Attention To Your Property
While you want adequate lighting on the outside of your property, you also don’t want to draw attention to an area of your yard. The whole neighborhood doesn’t need to know that you’re out on your deck, hanging out. Choose lighting that provides an inviting glow without an overpowering brightness.
Use Table Lamps
You may have thought that table lamps are only for the indoors, but think again. Your outdoor setup can be the same as your indoor setup. Put table lamps down on your outdoor tables for adequate illumination. Be sure that the lamps you’re using are rated for the outdoors.
If you use the right techniques and always be sure that you’re following safety protocols, you can find success with your outdoor lighting scheme. When your home is properly lit, the best part is that you’ll be able to enjoy the outdoors of your home much more thoroughly during seasonable times. You’ll also have an increased sense of security and comfort in and around your home. It’s well known that burglars are deterred from intruding on well-lit properties. Set up your outdoor lighting right and get the outdoor season off on the right foot.
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The good news: a homebuyer has made an offer on your house and is ready to purchase it as quickly as possible. On the other hand, there's the bad news: this homebuyer has many requests that need to be fulfilled to finalize a home sale.
Unfortunately, a stubborn homebuyer can put a home sale in jeopardy. But a home seller who understands how to deal with a stubborn homebuyer effectively may be able to boost his or her chances of a seamless property sale.
Now, let's take a look at three steps that every home seller can use to deal with a stubborn homebuyer:
1. Focus on the End Results
For most home sellers, the end goal of selling a home is getting the best price for your residence, regardless of the current real estate market's conditions. As such, if you remain focused on your ultimate goals, you may be better equipped than others to deal with a stubborn homebuyer.
If a stubborn homebuyer submits a variety of requests, allocate the necessary time and resources to consider each request closely. Then, if you find the requests are overwhelming, you can always submit counter-proposals.
Lastly, don't forget that you can always walk away from a home selling negotiation that appears to be going nowhere. And remember, if a negotiation with a stubborn homebuyer goes south, you can relist your residence and restart the home selling journey.
2. Consider the Homebuyer's Perspective
Why is a homebuyer acting stubborn? Open the lines of communication with a homebuyer, and you may be able to find out the root of a property buyer's stubbornness and proceed accordingly.
A homebuyer may have concerns or questions about buying your residence. Fortunately, if you maintain open lines of communication with a homebuyer, you can address these concerns and questions without delay.
Also, be aware of the homebuyer's perspective as you proceed along a property selling negotiation. Although a homebuyer may make requests along the way, it is important for you and a property buyer to find common ground. If you feel uncomfortable with a homebuyer's requests, you should be unafraid to walk away from a home selling negotiation altogether.
3. Ask a Real Estate Agent for Extra Help
If you're unsure about how to approach a stubborn homebuyer, there is no need to worry. Conversely, meet with an expert real estate agent, and you can find out how to move one step closer to getting the best price for your residence.
An expert real estate agent will be happy to provide honest, unbiased recommendations about how to collaborate with a stubborn property buyer. Next, you and a stubborn homebuyer can work together to complete a home sale.
Plus, an expert real estate agent may act as a liaison between a property seller and buyer. This housing market professional can learn about both sides and what they are looking for in a home sale and take the necessary steps to deliver the ideal results for all parties involved.
Take the guesswork out of dealing with a stubborn homebuyer – use these tips, and you can boost your chances of navigating a successful home selling journey.