When you’re determined to purchase your own home, it doesn’t have to be a single-family house. Condos make great investments and offer several advantages over other types of residences.
These are just some of the benefits you’ll enjoy when buying a condo:
- Access to amenities. You don’t have to pay for separate memberships to a local pool or golf course. Living in a condo means that you’ll be able to use the amenities your condo community offers, such as clubhouses, pools and fitness center.
- Low maintenance. When you live in a condo, you only have to maintain your living space. You’re not responsible for maintaining the building, grounds or common areas.
- Financial incentives. Owning a condo gives you a chance to build equity, and you’ll also be able to use tax deductions on property taxes and mortgage interest payments.
- A sense of community. Living in a building that has a lot of other units occupied by owners, rather than renters, means that you’ll have a good sense of community. Some of these also offer planned community events.
Need additional information on buying a condo? Contact United Real Estate, and follow our Facebook page.
Having a vacation home to go to on weekends saves you the hassle of booking a room when you want to get away. With more demand for these homes in recent years, it’s a good time to consider buying a vacation home.
Keep these tips in mind when you start your search:
- Save up money. Many buyers pay for their vacation home in cash. This isn’t a requirement, but it could boost your chances of finding and buying a home more quickly.
- Have enough for a down payment. If you can’t pay cash for a vacation home, at least have a large enough sum of money set aside for a down payment. Plan on having around 30 percent in savings for this.
- Consider buying a foreclosure or doing a short sale. A large percentage of vacation home buyers end up saving money through short sales or foreclosure purchases. These are more complex ways of buying a home, so you’ll need the help of a good realtor if you plan on going this route.
Ready to start searching for a vacation home? Contact United Real Estate, and follow us on Facebook.
Buying a home is generally a time-consuming process for most people. Fortunately, you can save yourself a lot of time and effort by making use of convenient home listing apps for homebuyers.
United Real Estate offers an app designed for use with iPads. As long as you have iOS 4.0 or higher, you can download this app and use it to start searching for homes. This app makes it quick and easy for you to look through available properties and narrow down your options. It provides you with a number of benefits, including:
- Up-to-date and highly accurate information on available real estate properties
- Map that shows all homes for sale in the location you choose
- Advanced search features that let you search by square footage, number of bedrooms, number of bathrooms, price range and lot size
- Ability to search homes based on price reduction and newest listings
- Views on property details
- Close to 40 points of interest shown in your chosen location
- Ability to save your searches
- Convenient one-click access to United Real Estate representatives
Need more help finding your new home? Contact United Real Estate, and visit our Facebook page.
Buying a home together as a couple is an exciting time, but don’t let it become a source of tension between you. Owning a home is a huge commitment that both of you need to be ready for.
Use the following tips for couples purchasing a home before you start looking at available properties:
- Discuss your preferences. It’s crucial to sit down and talk about what each of you wants in a home. Discuss things like location, type of home and what local amenities you prefer being close to. When you don’t talk about these beforehand, you could find out that your preferences are drastically different.
- Check your credit reports. You both need to check your credit reports before applying for a mortgage. Take care of any errors, and talk to a lender about which debts you should try to pay off before submitting your application. Keep in mind that lenders weigh the lower credit score more heavily.
- Get a mortgage pre-qualification. This provides you with a rough estimate of the amount you can qualify for on a mortgage. Factor this into your budget.
Ready to begin looking for a home? Call United Real Estate and follow our Facebook page.
When calculating the cost of your first home, don’t forget to factor in home insurance. This insurance, which is required in order to purchase a home, provides financial coverage in case your home is damaged.
When insuring your first home, keep these tips in mind:
- Get full coverage. Don’t attempt to save money now by skimping on coverage. Your insurance should be enough to cover the cost of having to rebuild your home. Ideally, you should get extended replacement coverage and an inflation guarantee.
- Get liability insurance. This insurance pays for legal and medical costs that you might be faced with if someone is injured on your property. It also covers you in case someone in your family causes damage to your neighbor’s property.
- Cover your valuables. These won’t be included on your homeowners insurance policy, so you’ll be out of luck if they’re damaged or stolen. Purchase additional coverage to make sure that you’ll have enough money to replace jewelry, antiques and other valuables in your home.
Need professional help finding and buying your first home? Visit United Real Estate to find a local agent, and follow us on Facebook.
Is buying a house on your list of real estate goals this year? If so, you’re probably aware that it takes a lot of planning to find the right home and be able to purchase it.
Keep the following Houston real estate tips in mind when searching for a home this year:
- Clean up your credit: Having a solid credit history is essential in order to be approved for a mortgage. Fix up your credit by paying off credit card debt or at least keeping low balances on your cards and always making payments on time.
- Be realistic: Don’t look for homes that you can’t afford. Your search should only include properties that are within your price range. Otherwise, you could get in over your head financially.
- Think long-term: Only buy a house if you plan on living in it for a few years or more. Selling a home sooner means that you could actually lose money.
- Hire a realtor: Find a realtor who can help you find the best homes to look at and walk you through the buying process.
Other questions? Feel free to contact us and one of our agents can give you advice for the future.
Looking for your very first house can be exciting yet overwhelming. There are a lot of factors to consider before beginning your search.
The following tips on buying your first houseshould make the experience less stressful:
- Location is everything: Look for a home that’s in a good neighborhood with decent property values. You might also want to be near good schools, your workplace and local amenities.
- Know what you want: Write down the features you must have in a home on one list, then make other lists with features you don’t necessarily need and those you don’t want at all.
- Gather information: Search online for information on recent home sales in your area, and look at the listing price for homes that are currently on the market. You’ll get a better idea of how much you’ll be paying that way.
- Get a mortgage preapproval: Have a lender determine roughly how much you can afford to borrow for a mortgage.
- Take notes: Keep track of the homes you see, and note the features each one has for the sake of comparison.
Need more advice on buying your first house? Visit United Real Estate, and stop by our Facebook page.
When it comes to buying your first house, you’ve probably heard that location is everything. Although there are several other factors to consider when searching for a home, it’s true that location is one of the most important.
Picking out the ideal neighborhood for your first home depends on your personal preferences, such as whether you want to live near a good school for your kids’ sake or whether you want to be close to work. In general, the best neighborhoods contain the following:
- Property values that are on the rise or already high
- A low crime rate
- A good school district
- Properties that are well-cared for
- Easy access to employers, shops, parks, hospitals and other facilities
- Higher number of owner-occupants as opposed to renters
- Good traffic infrastructure
Just keep in mind that you might face greater competition for a home that’s located in a highly desirable neighborhood, so it’s important to know what kind of offer you should make. Enlist the help of a qualified realtor to make sure you don’t miss out on the home of your dreams.
Ready to start the home buying process? Contact United Real Estate, and visit our Facebook page for buying tips.
When it comes to financing your new home, you’ll need to be approved for a home loan. Before that can happen, though, you need to know roughly how big of a loan you’ll most likely need. This is where the terms “pre-qualified” and “pre-approved” come into play.
Getting pre-qualified happens first and means that you’ll find out how much of a mortgage you might be approved for. This step doesn’t involve as much scrutiny as pre-approval, so you won’t be going through a credit check or be asked to provide tons of information on your financial situation. You’ll also learn about the different types of mortgages, so you can find the one that would be best for you.
Being pre-approved is more in-depth than getting pre-qualified. Your lender will go over your credit report and look closely at your finances. You’ll also need to fill out a mortgage application and provide the paperwork that the lender requests. You’ll get a specific loan amount, which you can use to negotiate the price of a home.
Getting started with the home buying process? Visit United Real Estate to find a local agent, and stop by our Facebook page.
Having a home inspection done is an essential part of the home buying process. It provides you with information on the home’s condition, so you can factor in the cost of needed repairs before settling on a price.
When it’s time to have an inspection done, avoid making the following mistakes:
- Focusing too much on cost: Hiring the cheapest inspection company could cost you more money down the road when you suddenly encounter problems that you weren’t aware of. Hire a reliable inspector instead.
- Not being there: Going in-person gives you the chance to ask questions about the home’s condition and find out more about it.
- Skipping new construction inspections: New construction should always be inspected in case the contractors made mistakes that could lead to future trouble.
- Expecting precise estimates: Your inspector can tell you about how long certain systems will be good for, such as the central air unit, but it’s only a rough estimate.
- Ignoring the inspector’s advice: Follow up on the inspector’s recommendations before closing on the home.
Need professional help finding your next home? Visit United Real Estate to find an agent, and stop by our Facebook page for more buying tips.