Tag Archives: buyers market

Can I Bring Kids House Hunting?

If you need more room for your growing family, or you’re simply relocating to a new town during the summer months, you may be wondering if bringing your kids along on the house hunting journey is a good idea.

In our experience, there are pros and cons to having kids with you as you try and find the next family home. Here’s what you’ll want to consider before you bring everyone along to open houses and showings.

  1. Liability matters. If you have a newborn strapped to your chest, it might not be much of an issue to walk through a prospective home, but toddlers are a different story. Your home may be kid safe, but not all homes on the market have been prepared to show with a free-range child in mind. childseats Kids don’t necessarily understand this new home isn’t a playground, and there may be areas which are not explicitly safe for your little ones. ( And another thought: car seats!  Be ready to drive in a separate car from your agent or have enough room  for an  extra adult in the car… see point #4 below).

 

  1. Is it an open house or a private showing? Open houses are often group affairs, and you’ll need to check your comfort level bringing your child along in these social settings. Kids can also get bored at these grown-up moments. Will you be able to focus on the home if your attention is split between the home and your kid? Kids are certainly allowed at open houses, but in general it is easier to maximize an open house kid free.

 

  1. Is it important to have your child with you? Sometimes, when you have an older child you want to help adjust to the idea of moving, it can be useful to lay the ground rules with your kid and make them feel as though they are important in the process. Teens can also provide valuable perspective on a new home, especially when it comes to checking out home amenities and the bedroom situation. Getting teen buy-in can ease the transition, especially when they’re leaving friends and familiarity behind.

 

  1. house-hunting with kids 3Sometimes you have no other option. If a babysitter is out of the question, or your schedule is such that having your child with you is a must, you should know that there’s absolutely nothing wrong with having your kid along for the ride. It can be useful to let your agent know, provided your agent is the one taking you on a tour of the property. This will help the agent remain alert for potential safety and liability issues, and may even help them tailor the time it takes to move through the homes.

 

We want your whole family to be safe during the home hunt and happy when you’ve found a place you like. Let us help you find the perfect home for your family… we can start our search today: Barbara & Gregg, THE NICHOLAS TEAM of RE/MAX VILLAGE SQUARE 973-509-2222  EXT. 1126   RealEstate@TheNicholasTeam.com

 

 

2016 WINTER BUYING AND SELLING GUIDES AVAILABLE

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The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide  for BUYERS or SELLERS will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.

Don’t Hesitate to Inspect a Home Yourself- Follow Your Inspector, Ask Questions…

Home inspection professionals are trained to spot problems and evaluate a home’s overall condition. While they have a reputation for being ethical and thorough, they are also still human. Sometimes details escape their attention. Its always a good idea to follow the inspector, take notes, ask questions – its a LOT of information to take in…

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If you’re making a major investment in a home, there’s no reason you have to leave 100% of the inspection up to someone else. There are definitely areas you can review for yourself visually; it is best to hire a professional- make sure they are licensed and ask for references. 

 

Before you sign off on a house, don’t neglect to review these commonly overlooked areas:

 

  1. roof8Roof: Yes, inspectors will consider the roof condition, but they probably won’t be on top of the roof when they do it. This is one area where hiring a roofing contractor to take a look can be a major benefit during negotiations.
  1. Fences: You might not think there’s much to inspect here, but replacing a fence is expensive. What looks sturdy on a sunny day can turn into a giant repair after the first storm of the season. This is especially true of wooden fences.
  1. Drains: Fill up tubs and sinks and see how long it takes them to drain. If they’re slow, you’ll want to know why. It could be something as simple as a clog, but what if it’s more?
  1. masonry_inspection_serviceFireplaces: Home inspectors will often give these the once-over, but they sure aren’t going to light a fire. If you can, make sure these operate as expected. It’s also a good idea to find out when the chimney was last cleaned and who the owner uses to maintain it.
  1. Heating/Cooling: The time of year might impact how thorough an inspector is with the heating and cooling system. After all, who’s likely to really run the A/C in the winter or the heat in the summer? With such a big ticket item, you want to be certain it performs as expected.

Pricing is directly tied to a home’s condition, so don’t overlook the opportunity to protect yourself from repair bills. Problems present you with leverage in negotiations.

Ready to hunt for a home in great shape? Let us help you with your search. There are all kinds of properties available right now: Barbara & Gregg, THE NICHOLAS TEAM   realestate@thenicholasteam.com   973-509-2222 ext.1126

2015 FALL HOME BUYER and SELLER GUIDEs NOW AVAILABLE FOR DOWNLOAD

 

Are You Thinking About Selling Your House Soon?

It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.

You may be wondering if prices are projected to rise or fall…or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.

Check it out here and feel free to get in touch if you have any questions.

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Are You Thinking About Buying a Home?

The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.

You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.

Check out the Home Buying Guide here, and feel free to get in touch if you have any questions.

Renovations Buyers Like to See

Not all renovations are created equal. If you’re adding a luxurious new bathroom or a “man cave” for your own purposes, you’re probably not too concerned about your return when the house goes on the market. You’re spending the money for your pleasure and quality of life, not the return.

messy-garage                  eshop-garage

Garage_b4_right            Gorgeous-White-Interior-Gray-Concrete-Floor-Garage-Storage-Ideas

But many homeowners see their home as a financial investment vehicle and understand that it’s quite likely the day will come in 5 to 7 years when they are ready to trade up or move to a new market. With this eye, every renovation is a calculated decision. In this situation, you want to select projects which are likely to provide a good return.

Any renovation which improves the value of your home in the eyes of buyers without breaking your renovation budget is an excellent choice. So how do you know which ones buyers want to see?

According to a National Association of Home Builder’s 2013 report of 4,000 prospective buyers, the following seven features were on buyers’ most wanted list:

  1. Separate laundry room (93% preference)
  2. Exterior lighting (90% preference)
  3. Energy Star-qualified windows (89% preference)
  4. Garage storage space (86% preference)
  5. Eat-in kitchen (85% preference)
  6. Walk-in kitchen pantry (85% preference)
  7. Wireless home security system (50% preference)

kitchen pantry  cute-dog-in-laundry-room  laundry closet  custom_walk_in_pantry_springfield_mo_fs

You can read the estimated costs and reasoning behind these features in the original Kiplinger article here:

http://www.kiplinger.com/slideshow/real-estate/T010-S001-7-features-home-buyers-want-most/index.html

(Keep in mind that the costs may have risen, as the original article ran in 2014.)

The past few months, something we’ve noticed Millenial buyers look for and often ask about is FIOS connectivity as well as strong cell service for the many mobildevices we now all rely on day to day…something you can’t always gaurantee personally, but its good to know the answers and the availability of these “must-haves”.

Are you planning to sell your home after a renovation? I’d be happy to help you. Let’s talk: Barbara & Gregg, THE NICHOLAS TEAM  realestate@thenicholasteam.com  973-509-2222 ext. 1126

You Can Still Find a Home at a Fair Price

If you’ve found yourself paralyzed by this active market, you’re not alone. According to a recent survey of 3,500 buyers, a whopping 58% of potential homebuyers are sitting on the sidelines because they’re afraid the market is too hot. Here’s a breakdown of their top concerns:

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  1. Affordability: Prices are rising or too high (27%)
  2. There’s too much competition from other buyers (17%)
  3. There aren’t enough homes to choose from (14%)

 

While it’s true we’ve seen a dramatic increase in market activity over the past few years, it’s important to remember that what you want isn’t necessarily what everyone else wants. Where you want to live and the type of home you want to live in isn’t necessarily subject to the “macro trends” in any given market situation.

Your dream home is as unique as you are, and the only way to understand what’s out there is to take the time to share the details of what you’re looking for with a professional who is tuned into the market. What’s more, an agent can help debunk market myths and keep an eye out for properties which fit your specific criteria.

Home-Buying-ChecklistNow is a good time to make a list of criteria for your next home. Begin with your “must haves” and move on to your “nice to haves.” Consider square footage, neighborhood, amenities, and your budget as you put together this list. Reflecting on this information will help you have a productive discussion with a buyer’s agent and also contribute to your understanding of “what’s out there” in your immediate market.

Often our fears turn out to be unfounded. If you’ve been letting your perception of the market stymie you from pursuing your dream, now is a good time to start a discussion with someone who can help you see the whole picture.

Questions? We’re happy to help you answer them! Get in touch today: Barbara & Gregg, THE NICHOLAS TEAM  realestate@thenicholasteam.com   973-509-2222 ext. 1126

 

[Survey source: https://www.redfin.com/research/reports/real-time-market-sentiment]