Posts with tag 'First-time Buyers'
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31
5 Things to Consider When Deciding How Much House You Need
Once you decide that you're ready to buy a house, the next decision you'll need to make is how much house to buy. In other words, how large of a home do you need? If you're having difficulty answering this question immediately, that's fairly normal. It's wise to consider your lifestyle and goals and how they affect the amount of space you need in a home. Our REALTORS® are excited to share a few tips to help you do just that.
27
Made an Offer on a House? Here's What Happens Next
Buying a home is similar to writing a novel with many possible endings. Our REALTORS® will guide you through making an offer so that you are prepared for everything from the seller accepting your offer, to the seller making a counteroffer, to the seller requesting conditions that aren't in your best interests. With proper planning and execution, you'll end up owning the home you want, at the price you want to pay, and with conditions that are acceptable to all parties.
20
What Buyers Need to Know About Closing Costs
Buying a home is a tried and trusted way to put down roots for your family and build wealth. However, it's a significant investment, and before it's down, you may be surprised by all the fees, points, and other funds you have to pour into that investment. Our REALTORS® know that last-minute surprises are never pleasant, which is why first-time homebuyers should thoroughly understand what closing costs to expect and who is expected to pay them. This is crucial because it is the buyer's responsibility to pay for many of the expenses.
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Closing Costs for Sellers
Prorated property taxes owed, as well as any transfer taxes, are the seller's responsibility. Likewise, the seller is responsible for paying the agent commission, which is usually anywhere from 5% to 8% of the sales price, title insurance, any HOA fees owed, their attorney fees, closing credits, and any escrow money they owe to the buyer.
30
Yes, You Can Make Your Offer Stand Out From the Rest
The time has finally arrived when you're ready to purchase a home. You found the perfect property, your finances are in order, and you're ready to make an offer. There's only one problem, so is every other buyer that's looking for their dream home. In a seller's market, our REALTORS® can help you move to the front of the line.
In a seller's market, buyers outnumber available homes for sale. Buyers often face bidding wars and full-price offers for Nassau County homes for sale and
13
Don't Buy Into These 6 Real Estate Myths
Whether you're looking for Nassau County homes for sale or Suffolk County homes for sale, there's one thing you can count on: Our REALTORS® are there to make the whole process easier for you. We'll guide you every step of the way so you can make informed choices.
Unfortunately, even savvy buyers often believe some real estate myths.
It's no surprise certain real estate myths are so common. They've been around a long time and it's easy to pick them up through word of mouth. Some real estate myths were truths once upon a time. However, real estate changes quickly – and it's important to move with the times.
To make things even more complicated, the coronavirus pandemic has changed real estate in a very short time. Buyers and sellers around Long Island need to be aware of how COVID-19 has shaped the local market, but it's also crucial not to overcorrect.