It isn't an easy process. You start with the search, and that by itself can be frustrating enough. Say you've looked at 103 homes and just still haven't found the right one. But then, there it is. The home of your dreams! It's in the right school district, close to everything, giant backyard for your hipster laying hens. But the price, oh just a little too high. You make an offer, and boom. They reject, or counter.
And here's round two. Wait, now there are multiple offers?! What's going on here?? No, it's MY house, MINE!
Congratulations - you paid way more than asking. And so, now you're under option. Woohoo! Except the inspection comes back. The water heater was installed how? There's a raccoon in the ceiling? No, I don't no the difference between GFCI and TGIF. What's happening?!
Okay. Repairs have been re-negotiated. You're getting a new roof! (which is good because the old one leaked and now you have water damage you were unaware of before..)
Option over. I AM BUYING THIS HOUSE!.... what do you mean it didn't appraise? what comps? No comps? THAT'S BECAUSE IT'S A ONE OF A KIND MASTERPIECE. Time to renegotiate again.... Take a breath. You're almost done.
Okay, got to get the electric and water in my name. What company... hmmm? There are HOW many companies to choose from? What does it all MEAN?!?!?
*DAY OF CLOSING* "Sign here, and here... and here and here and here and here and here and here" (x a million)
"Congratulations! You did it!"
Now go home and relax. Except don't forget to re-paint all the walls in the entire house. The End
And somehow SOME people still want to attempt this without an agent. I'm here for moral support more than you'd think.
VIKKI HEAD - REALTOR, Someone to vent to, a shoulder to cry on.
A New Year – A New Look at Your Real Estate Portfolio
If you’re currently a homeowner, or even plan on being one soon, it is an excellent idea to contact your Realtor and ask for a Real Estate Review. That’s what I call it anyway.
Basically, just ask them some questions about the market you are in.
What is the current market value sales price of home in your neighborhood (or desired neighborhood)? How has it changed in the past 6 months? What are the trends?
A diligent realtor will be able to give you all this information and more.
Often, when I am reviewing peoples’ current properties for them, I will notice they do not have certain tax exemptions, and that can save you money. A significant amount of money depending on the exemption. And as a Realtor, my goal is to help people with their home buying and selling needs. Sometimes, that means just getting a fresh look at the current market and how your home stacks up. Knowledge is power, after all.
The more you know about your home, even if you aren’t ready to sell or buy quite yet, the more prepared you will be when the time comes.
So, call your agent (or me if you need one) and ask them questions. Trust me, we are happy to help. J
Vikki Head - Licensed Realtor® in the great state of Texas. Self-proclaimed writer/blogger. Former Teacher. Mother and Coach's wife.