Blog :: 07-2020

5 Reasons You Shouldn't Skip a Home Inspection

 

When you put an offer on a home the endless check writing process begins. There are many costs when purchasing a home such as a realtor fee, lawyer fees, etc. The total cost of these fees ends up being pricey and you may want to look for different ways to save. While you may want to skip the home inspection in order to save some money, Waltham Real Estate Agents suggest to not skip the inspection. Here are 6 great reasons you should get one. 

1. It Provides an “Out”

A home inspection can show you important information about the condition of the home. This helps the buyer see what costs, repairs, and maintenance updates the home may need. If as the buyer, you realize the home is in need of a lot more work than you expected this gives you an opportunity to back out of your offer before it’s too late. Waltham Realtors say this step is extremely important because it could end up saving buyers thousands of dollars 

2. Safety

A home inspection can help you become aware of safety issues. It can detect radon, carbon monoxide, and mold. All homes should be tested for these so that you can ensure the safety of you and your family before moving in. It’s important that your home-buying contact explains that if these hazards are present you have the option of opting out of your offer. 

3. Negotiating Tool

Waltham Realtors say that a home inspection presents the opportunity to ask for repairs to the home or even an opportunity to request a price drop from the seller. Work with your Waltham Real Estate Agent to help understand what you can request based on the inspection report in order to get a better deal on the home. 

4. Forecast Future Costs

As mentioned above, home inspections will show you the condition of the home. With this information, you will find out what systems need to be updated such as the plumbing, heating, and cooling. You will also find out other updates and fixes the home needs. By seeing the inspection report you can get an idea of how much money you may have to spend on updating and fixing some of these issues. This will help you decide if you want to put money into these tasks or if you want to opt-out of your offer.

5. Shows You the Big Picture 

If you are a first time home buyer, you may not realize how much work and money really goes into buying a home. Waltham Realtors say that sometimes people get so excited about the idea of the home such as the location, the layout, the size, etc. that they don’t realize other issues that can make their “dream” home become an inconvenience. A home inspection will help point out these issues so that people know what they are getting themselves into before just excitingly and instinctively buying the home. 

Contact a Waltham Real Estate Agent

These are just a few of the reasons why home inspections are extremely important before purchasing a home. Hire a Waltham Realtor to assist you in your home buying process! They will walk you through everything you need to know and help you get the best deals possible on your dream Waltham home.

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    4 Ways to Save Money When Buying A House

     

    When buying a new home, getting a great deal is a goal. However, besides getting a good deal on the home, there are other ways you can save money. Here are some suggested ways to save money by a Waltham Realtor when searching for the perfect, affordable home. 

     1. Hire an Experienced Real Estate Agent

    The first step is hiring someone who can assist you throughout the process. Hiring a knowledgeable and experienced Waltham Real Estate Agent will save you a lot of time and money as it is ideal to have someone assist you in all your real estate decisions. A knowledgeable Waltham Realtor will be able to ensure finding the best deal for your soon to be Waltham home.  People often think not hiring a Realtor will save them money, however, that is not the case. A Waltham Real Estate Agent will be able to negotiate many things within the contract in which you most likely wouldn't have been able to catch yourself. 

     

    2. Get Loan Quotes from Multiple Sources

    Interest rates change based on lenders so Waltham Realtors recommend you gather quotes from a few different mortgage companies in order to see where you can get the best deal. By asking for a quote from different lenders you will be able to see all of the fees they will charge and you can then compare them all to see which one would be most beneficial for you. You can also use these quotes to help negotiate lower fees and rates. 

     

    3. Increase Your Credit Score

    Your credit score is extremely important when it comes to buying a house. The higher your credit score is, the cheaper your loan will be. A few ways you can up your credit score before applying for a mortgage loan is to pay down your credit card balances as well as don’t apply for any new loans or credit cards. Focus on keeping your credit card balances below 15% of your credit limit. 

     

    4. Buy a Home in the Winter

    The time of year you buy your home has an impact on the price. A lot of people look to buy in the spring and summer months which results in the prices being higher since the demand is higher. Waiting until the winter months to buy a new home could result in thousands of dollars being saved claims a Waltham Real Estate Agent

     

    Contact a Waltham Real Estate Agent 

     If you’re looking to purchase a new home and are in need of a reliable Waltham Realtor to assist you, contact Hans Brings! Hans will be able to walk you through finding your perfect Waltham home and making sure you’re getting the best deal possible. Give Hans a call at 617-968-0022 or fill out a contact form!

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