1. Look at the house closely, but be open to the possibilities for improvement.
Imagine your furniture sprucing up the interior. With the same eye toward change, think of the houses you are viewing with a fresh coat of paint or updated countertops. The better a home is updated, the better the resale possibilities.
2. If you are interested in a certain vintage, ask your agent where the best selection of such homes is available and consider the neighborhood.
Is it close to work centers, hospitals, shopping centers? City infrastructure will help the home retain its value.
3. An experienced real-estate agent will have a number of contractors, artisans and interior designers who can answer such questions as "How much will it cost to install new cabinets, counters and appliances in the kitchen? Can this bathroom be enlarged? Can we add on a room?"
They want the work and will be happy to come out and view a home you're serious about buying, to help you in your decision.
But remember, it's still your choice who you work with.
— "Guide to Home Buying" by the National Association of Realtors
Copyright © 2007 The Seattle Times Company
Recently the mortgage guidelines have become tighter and tighter to get into financing and more and more of my clients are having trouble experiencing the joys of home ownership. Empire Options was created for that very reason. We provide rent to own opportunities so that you can still get into the home that you desire.
It is estimated that in 2008 renters will see major increases in rent amounts than in previous years. Just think about the supply and demand, since there are more borrowers renting rather than buying it means that landlords can increase their prices and get away with it.
Right now is a great time to buy. There are a lot of beautiful homes on the market at amazing prices. Plus, you will never have to worry about rent increases anymore!
Last week I received a number of great ideas for why it is better to buy than continue renting. Thank you for the great response.
Next week, I am going to be putting together a blog with a friend of mine Kevin Hauglie. He is a local Farmers Insurance Agent and has over 22 years of experience in the industry. We are going to put together some information about renters’ policies and what you need to know to make sure you are FULLY covered. So make sure you watch for that.
As always, thanks for taking the time to read my blog and if you have any comments or questions, feel free to post them. I am more than happy to assist you.
Dedicated to your success,
Kenton Becker
kentonb@empireoptions.com
Managing Partner / Lakemont Mortgage Specialist
http://www.empireoptions.com/
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