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Buying a Home? Don’t Just Look at the Real Estate Market — Think of Your Family’s Needs, Too

August 14, 2014


Selling your property

When it comes to real estate market predictions in North America, the sale or resale values for homes can vary wildly. Where some locations have prime real estate with nothing under $500,000, others may have more moderately priced homes where you can get more bang for your buck. However, no matter where you live or plan to live, there are plenty of real estate buying tips you can follow to get the best value.

If you’re looking for a new home, you might ask a real estate agent about what you have to do when you are buying and selling property. The first thing you should do, in fact, is work with a real estate agent to assess your needs. The agent selling the home will be acting in the interest of the seller, so you’ll need your own agent to help broker a deal. Next, if you’re selling your property, you’ll have to work with an agent for that, also. You may also seek staging tips for selling your home if your home needs some extra work to make it look attractive to buyers.

What should you look for when you’re buying a home, however? Here are a few tips for buying a home that all home buyers should consider:

1. Location: You’ll want to choose an area that you know will be a good fit for you and your family. Be sure to look at the neighborhoods, amenities, school districts, and crime statistics before you buy. Based on most real estate market predictions, buying a home in a good school district is one way to ensure that your home retains value.

2. Price: This is another determining factor for many home buyers, especially those buying for the first time who don’t have any equity. (The median home buyer is 38 years old, but first time buyers are a median of 31.) It’s also important to pre-qualify for a mortgage and look at how much you have available for a down payment.

3. House: And, of course, it’s crucial to consider the house itself. Is it the size that you and your family need? Is it in move-in condition or will you need to do some repairs? What amenities does it have? Be clear with a real estate agent about what you’re looking for, and you’ll get the best results.

Going by real estate market predictions is one way to buy a house, especially if you’re looking for a low interest rate or other trends in housing. But it’s best, first and foremost, to consider the needs of you and your family members. Have more questions about buying a house? Talk to a real estate agent, and feel free to leave a comment below. References.

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