Avoid These Six Common Mistakes When Making an Offer on a House

Making an offer on a home you’d love to buy is arguably the most stressful part of the buying process. You’ll be worrying about making the right offer, whether you’ve presented yourself in the best possible light, and just how much competition you’re up against.

Today we’re going to help you alleviate that anxiety by giving you the most common real estate offer mistakes to avoid, and show you how you can increase your chances of getting the perfect home for you.

1. Do your research on the house

You have a lot of research to do before making an offer on a home. You’ll want to know the price the home formerly sold for and improvements that have been made and that will need to be made if you move in.

It also helps to know the seller’s situation. Are they on a deadline and moving out-of-state? If so, they might be tempted to take one of the earlier offers they receive.

2. Know your own financial limits

Before you ever make an offer you’ll need to know how much you can spend. This isn’t just a matter of offering the maximum amount you’re preapproved for. You’ll have to factor in moving expenses, final payments on your last rent or mortgage, changes in utility costs, and more.

3. Don’t offer your full preapproval amount

Sellers who know that you’ve offered your maximum preapproval amount may be wary of selling since they know you lack room to negotiate your budget and therefore might have a higher chance of backing out of the offer. They might favor other buyers who have room to negotiate and account for unexpected changes in their budget or of rising interest rates.

4. Avoid aggressive negotiation

We know the stakes are high for everyone involved in making a real estate deal. However, sellers are more likely to accept the offer of someone they trust and like over someone who seems to be trying to gain leverage.

Always be cordial with your offers and support them with numbers–explain to the seller why you chose the number you did, so that they can understand your reasoning.

5. Don’t attempt to gain leverage by waiving a home inspection

By law, you are allowed to have a home professionally inspected before purchase. Waiving this right is sometimes misconstrued as a way to tell a seller that you trust them and don’t want to cause them any unnecessary headaches.

The reality of the matter is that if you truly do want to own their home, sellers understand that you want to know what you’re buying.

6. This isn’t the only house you can be happy in

Hunting for a home is hard work. Once you find one that seems perfect for you or your family, it can seem like everything depends on your offer being accepted.

However, the fact is there are endless houses on the market, and next week a new one could be put up for sale that is even better than the home you’re hoping for now.

If your offer isn’t accepted and you don’t feel comfortable committing to a higher price, move on to the next house knowing that you made the best decision under the circumstances.

How to Add Subtle Hints of Disney to Your Home

Are you a lover of all things Disney? Do you wish that you could be in Disney more often than not? Well Disney lovers rejoice! There are simple ways to add subtle and classy touches of Disney into your home, inside and out.

Here’s how to add subtle hints of Disney to your home:

Art: Disney has stunning pieces of artwork and sculpture for sale in their parks and online. There are various artists that create these works of art for Disney and the themes vary. You can find Mickey and Minnie, theme park, attraction, and other character themed pieces and in all different sizes. There’s even artwork for various seasons and holidays such as Christmas and fall. There are pieces to fit all styles from vintage to classic that would look great in entryways, bedrooms, bathrooms, and bedrooms.

Family Room, Bed & Bath Accessories: Small signs, accent pillows, throws, a toothbrush holder, and towels are among the many accessories available for living spaces. bedrooms and bathrooms. Add accent pillows to your couches and beds, small signs to your nightstand and shelves, and a toothbrush holder and decorative towels to your bathroom.

Kitchen Accessories: There are so many great kitchen accessories that you can purchase in the parks and online. There are items ranging from salt and pepper shakers and silverware to wine glasses, mugs, plates and dishes, hand towels, and so much more. Create a small display of the various Disney mugs from the resorts you’ve stayed at or display Disney plates in your dining room or kitchen.

Outdoor Accessories: Disney and other retailers sell various types of accessories for the outdoors. Items such as lawn gnomes, string lights, and solar lighting are great ways to add a little Disney magic to your outdoors.

From Mickey and Minnie, Goofy and Donald Duck to theme park and attraction themed items, your possibilities for brining Disney home are endless. And with so many possibilities you can add the touches of Disney that you love the most.

Facts you must share with home buyers

Months could pass before you find the perfect house buyer, the type of person who you feel confident will take care of your current home after you sell it and move out. The longer it takes to sell your house, the more tempted you could become to lower the price on your house, putting yourself at risk of losing money.

That’s not the only potentially costly temptation that might start nipping at you. To sell your house, you could get tempted to keep certain facts about your house to yourself. It could help you to land a quicker sale. It could also cost you, as there are certain types of information that you are required to disclose to someone before they go through with buying your house.

You can’t keep these things about your house a secret

Each state requires you to disclose different types of information. However, you regardless of where you live, you are required to tell home buyers about problems with your house that lower the property’s value. For example, if you know that you have a hole in the roof, you may need to disclose that information. Painting over water stains on your walls could be a wrong move if you paint in effort to conceal a problem and don’t share the information with a buyer.

Some states require you to complete a disclosure form. In this case, you may have to list out all known defects and problems with your house in writing.

Lead and asbestos problems are items that you may be required to disclose. Again, this depends on the specific laws in the state where you are selling a house.

You may have to sign a disclosure form. Should you knowingly omit a defect from the disclosure form, you could be held legally liable for damages. Two steps that you could take to protect yourself are to get your house inspected by a licensed inspector and have the inspector list out known defects. You could also include legal wording on a disclosure form that protects you from unknown defects that the buyer later discovers at the property.

Allow honesty and transparency to pay off

Selling your home could take longer that you want, especially if the market is tight. A downward shift in the economy or job market could also force your house to stay on the market longer than you anticipated. During this time, continue to maintain your house. You could even add one or more upgrades to your house’s interior or exterior to increase your home’s value and potentially attract a buyer.

What you don’t want to do is decide to keep certain, required information from house buyers. The latter choice could find you in court. Treat home buyers to the same respect that you want when you’re house hunting. Give home buyers the right information that empowers them to make the best decision. After all, the decision to buy your house may impact someone and their family for years,perhaps decades.

How To Not Blow The Home Inspection

There are few things for a home seller that are more stressful than the home inspection. You hope and pray that everything will come out a-OK in your house so that your buyers will want to continue with the sale without asking for too many contingencies. There’s a few simple things that you can do to make sure your home inspection goes smoothly. The good news is that these tasks won’t cost you a lot of time or money. A few simple actions can save you a lot of grief in unnecessary service calls. Check out these tips to help you get through the home inspection with flying colors:

Check Your Light Bulbs

If you have a light bulb that’s simply burnt out, that could prompt the need for a check of the entire electrical system in your home. Avoid a costly visit from an electrician just by checking your light bulbs and replacing them where necessary. 

Check Your Air Filters 

The air filters in your home can be easily neglected and be a big problem in the home inspection process. Even if a filter looks a little gray, take the time to replace it. You should check your air filters and furnace filters for any potential problems like tears or excess dirt. For bonus points, you may want to just replace the filters before the inspection no matter how little dirt they have on them. Otherwise, a clogged filter can be a sign that your furnace or heating and cooling system isn’t working properly. 

Check Your Sinks

A few dollars spent on some drain unclogging chemicals is a few hundred dollars potentially saved on a plumber. Fill up your sinks with water and see how they drain. If they’re a bit slow, get the chemicals that you need to work on unclogging the drains (such as Drain-o). If there’s a funny smell coming from the drain, be sure to address it. Lemons also work wonders on everything from drains to garbage disposals. Even some baking soda and vinegar can help to clean a drain wonderfully. 

Fix Major Repairs Before Your Home Goes On The Market

If you know something pressing needs to be fixed or replaced in your home, be sure to fix it before the home even goes on the market. It’s much easier to take care of things before a buyer’s contingency and a time limit is involved. Although you may be hesitant to spend the money, you should replace certain appliances, fix the roof, or address that creaky floor before the “For Sale” sign even goes out front.