Special offer

10 Common Sense Real Estate Rules for Buying a Home

By
Real Estate Agent with Bucci Realty, Inc. BK3064647

The below rules for buying a home is not an all-inclusive list of things to know when buying or selling a home.  Your real estate agent has the complete list - call him or her!

10.  The better the view, the higher the price.  It does not matter what the view consists of specifically (water, preservation area, ocean, pond, etc.).   When it comes to condos add this as well "The higher the floor, the higher the price. "

9.    "As is" does not always mean "as is."   Sellers will sometimes negotiate off a price, make some repairs, or give a monetary concession rather than find another buyer and start all over again.

8.    Gated does not mean secure unless you have a guard on duty.  Having a gate gives a homeowner a nice warm feeling but people can still get into your community.  If you have a manned gate 24 hour a day and perhaps even a patrol then I would suggest you are somewhat more secure.

7.    The outside of the house is almost an indicator of how well the inside is (or is not) maintained.  If the yard is neglected, paint is fading, plants are dead...likely the inside will be neglected as well!

6.    Golf course direct is more expensive than "in golf course community."  If you have a home on or near the green or fairway you will pay more than if it is on the other side of the street in the same community.

5.    A new coat of paint will not change the zip code.  Check the crime statistics.  Check out the school performance.  The house may look great but it is still location, location, location!

4.    Orange and blue will not sell a house except to a Florida Gator fan.  Or garnet and gold or any other school's colors.  Beige, neutral, non-personal sells. 

3.    Some words are the kiss of death.  You have read them all...cozy, cute, TLC, fixer upper, compact, charmer, etc.  Properties are best described by using facts only.

2.    The price is low for a reason.  People do not sell very many things including a house for a significant discount.  There is always a reason for the low price and it is usually because of condition, location, poor view, etc.

1.    Do not believe everything you read - period.  The title said there were 10 common sense rules for buying a home here, didn't it?

 

Buying or selling a home or condo in Brevard County, Florida?  Email me -  I Can Help!

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

 Call or text me directly at 321-693-3850.

 

 

 

Enter your email address to subscribe to this blog:

Delivered by FeedBurner

Comments (107)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Great points for buyers to absorb here at 10 Common Sense Real Estate Rules for Buying a Home.

Aug 06, 2012 12:00 PM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Gary, this is a great list with info that many Buyers have probably not thought about

Aug 06, 2012 01:53 PM
John DL Arendsen
CREST "BACKYARD' HOMES, ON THE LEVEL General & Manufactured Home Contractor, TAG Real Estate Sales & Investments - Leucadia, CA
Crest Backyard Homes "ADU" dealer & RE Developer

I gotta steal these from you:

 

5.    A new coat of paint will not change the zip code.  Check the crime statistics.  Check out the school performance.  The house may look great but it is still location, location, location!

4.    Orange and blue will not sell a house except to a Florida Gator fan.  Or garnet and gold or any other school's colors.  Beige, neutral, non-personal sells. 

LOL!!! These are the greatest!!

Aug 06, 2012 06:45 PM
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

Great Post - All true in every state and county.  Reminds me of David Letterman's countdown on his show. LOL

Aug 06, 2012 08:44 PM
Fred Sweezer Sr. CMI, LLC.
Hud Certified 203K Consultant - Long Beach, CA
HUD 203k Consultant

Thanks, well it is a well detailed information on buying and selling a property!

Aug 06, 2012 09:24 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Fred - Tanks, have a great day!
Debbie Cook - Thanks...David Letterman...maybe a bit!
John - Thanks - Go ahead...:)
Sharon - Thanks!
Michelle - Thanks for linking.
Carla - Higher up and closer in..You get what you pay for. Thanks!
Debbie E. - The Lotto Syndrome sounds like a good description.
Wende - Thanks. Really is pretty simple, isn't it?
Sharon - Orange and Blue as well as Garnet and Gold are probably selling points in Jax!
Tina - Thanks...
Evelyn - Those words have a place in our real estate vocabulary...a cozy place!
Nan - I would think Orange and Green of the "U" in Miami. Thanks!
Lou - Thanks!
David - Thanks!
Joy - Please re-blog!
Patty - Needs some TLC. I read another post recently that said TLC was for To Learn Construction.

Aug 06, 2012 09:59 PM
Pattie Zanders
Bennett Realty Solutions - Greenbelt, MD

Great tips and excellent reminder for us who sometimes forget.

Aug 06, 2012 10:23 PM
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Gary, we love your list and a couple of items gave us a nice chuckle!

Aug 07, 2012 02:56 AM
Lou Zandy
WeLoveMarcoIsland.com - Marco Island, FL

Hi Gary....

And my favorite..... ALL THAT GLITTERS IS NOT GOLD !

Thanks for sharing

Lou

ww.WeLoveMarcoIsland.com

 

Aug 07, 2012 05:04 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wasn't going to comment because, heck, there are 95 comments already.  But what the hey!  Since I read all of it, i'll just give you my thumbs up for a job well done!

Aug 07, 2012 09:52 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Pattie - Thanks!

Bob - Thanks - Have a great day!

Lou - So true! Thanks!

Jan - Thanks!

Aug 07, 2012 09:33 PM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Great post.  Well written brief, readable and funny.  Homes are priced low for a reason.

Aug 08, 2012 02:06 PM
Sharon Kowitz
CRS-SRES-ABR-GRI-E-Pro-CREN ~ COMPASS RE - Cary, NC
Cary, NC Relocation Specialist ~ Buying or Selling

I like your no nonsense list...every word is true! I especially love the one about color...buyer's can see a $30 gallon of paint in most cases will make all the differance if the address is right. 

Great post.

Aug 09, 2012 12:08 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Gary,

Those are 10 great rules of thumb and so true too! You did an excellent job of stating the main points of the buyer's point of view and then helped others to really try to understand this perspective.

Well done!!!

Aug 10, 2012 02:54 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Gene - Thanks for the kind words and the re-blog!

Sharon - Color can be such a distraction. Thanks!

Patricia - Thank you!

Aug 10, 2012 04:14 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Excellent Gary! No one could argue with these ten points! And yes, there is always a reason why something is priced low.
Aug 11, 2012 11:03 AM
Roy Kelley
Retired - Gaithersburg, MD

Good information for prospective home buyers.

 

Have a most productive week and be sure to have your camera in hand to capture the special moments.

 

Aug 11, 2012 10:55 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Sylvia - Thanks for the re-blog!

Barbara - Thanks. Working on another 10!

Roy - Thanks for the flower!

Aug 12, 2012 12:09 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Gary - I missed this the first time around.

Winston Heverly Re-Blogged it.

  This is an excellent Blog!

   I especially like  "Properties are best described by using facts only"

Dec 25, 2012 05:35 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County
Thanks, Fred.
Dec 25, 2012 09:32 PM