Buying Tips

 

Blackfoot/Southeastern Idaho Buying Tips

With every new facet of life that is presented we have to learn what is to be learned so that we can avoid the scams, pitfalls, and bruises that mistakes can bring.  Below are listed some of the top things you need to know and remember when going into the house buying business.
 

1. Know where to get started

2. Location

3. Figure out what you want in your house

4. What to do when you’ve found the house you want

5. Financing

6. The ‘Right’ Loan

7. Closing the deal or the sale
    

Know Where to Get Started

Without knowing how and where to start, you could get lost before you even begin.  Set some basic parameters that you want in your house that will help you figure out what is too high a price and what doesn’t work for the lifestyle you are aiming for.  Will you being looking on your own or will you be using a Realtor? If you want a Realtor, give us a call, 208-680-6063.

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Location

You don’t want to be picking haphazardly through random, over priced houses where you don’t even want to live.  Figuring out the location you want to live in will narrow down your choices to a tolerable level where you can think and compare objectively.

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Figure Out What You Want in Your House

Walking into a house blind and hoping to find what you are looking for doesn’t miraculously happen.  This doesn’t mean that you should have everything you might possibly want in your new home written out in a checklist.  Simply being aware of the details you really feel are important can prevent you from regretting anything later.  Do you want a big kitchen or large closets or a spacious backyard? Which one is more important to have?

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What To Do When You’ve Found the House You Want

Once you find the house you want, you have to be able to know what to do with it.  If you have refused to find a real estate agent it could possibly have been easy up until this point.  The good thing about having a Realtor on your side is that they will help negotiate with the seller to give you your money’s worth and make sure you aren’t cheated on anything.

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Financing

There are different loans and different ways of paying for your home.  Talk with your realtor over what options will be best with your financial situation.  Good financing is a vital part of making good on buying as well as selling a home.

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The ‘Right’ Loan

Finding a loan that will work best for you takes more than walking into a bank and applying for some random loan. You need to find the loan that won’t come back to haunt you and won’t pull you under in debt.

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Closing the Sale

Closing the sale on a house doesn’t just mean shaking hands with the other guys and walking into your new house.  There is a process to go through and way to get it all done.  There are contracts, negotiations, phone calls, drafts, and more to deal with.  When you are inexperienced at any of it, you take a risk of something important getting slipped under the rug and ‘accidentally’ forgotten.

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Selling Tips

Blackfoot/Southeastern Idaho Seller Tips

Tips for the seller are much different in some ways from the buyer tips.  Instead of focusing on payments and finding what you are looking for, you are trying to get someone else to see the positive side of your home.  What goes into that?  Here are a few helpful tips:
 

1. Hire Riverside Real Estate as your Real Estate Office

2. Your house is a product

3. Know your competition

4. Do not over price your house!

5. De-clutter

6. Touch ups

7. Make Improvements
    

Representation by a Real Estate Company will increase your
chances of success by 100%.
Make your experience a good one with our Realtors enabling you every step of the way.

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Your House is a Product.

Think of your home as a product.  Once you can see you home as a piece of real estate, then you can figure out ways to emphasize its strengths.  Add some objectivity when looking at your home, so you can see what the potential buyers might see.  Switch it in your mind from having a home to a selling a house or piece of prime real estate.

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Know your Competition

Look at the houses that are for sale near you, this is your competition.  Research local sale prices and attend open houses to make sure you price your house right.  A Realtor can assist you in every aspect of this process.

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Do Not Over Price your House!

When pricing your house you want to be very cautious that you don’t price your house to high.  By over pricing you will run the risk of losing potential buyers before they even look at your home because of the price. Price your house right and you have a much higher chance of seeing immediate positive results.

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Declutter

Personal knick knacks and clutter are not going to help sell your house.  Pack up the personal touches, the bulky kitchen appliances, and the over abundance flooding out of your closet.  Space and storage are huge selling points. Think of how a model home would look and decorate accordingly.  It’s like dressing your child up for schoolbook pictures; you want them to look nice and not show the little kid that loves playing in the dirt.  Plus if you truly are planning on selling your house, it’s all going to get packed up anyways, might as well get started a little early and make your house look more roomy and spacious.

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Touch Ups

It’s the little things that make the big difference.  So go ahead and make those touch ups. Clean up the lawn, weed the garden, and just try to make your yard look like it was recently landscaped with those little efforts.  The outside front of your house is going to be the first impression any buyer will see and look at (whether they are there in person or looking at a flyer).

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Make Improvements

You know those tiny little problems that you’ve just gotten used to over the years as part of the house? Well, your prospective buyers aren’t going to just breeze past it as you do.  Make those low cost improvements now so that the buyers can’t and won’t knock their down their offer in order to deal with those potentially pesky problems.