buyer tips: Lowball Offer: Good or Bad Idea for Home Buyers?
- 07/24/19 12:49 PM
We all like a great deal. When making a large purchase (like on a Lake Havasu home), you want the best deal possible. Sometimes, that may mean offering more than the list price. Sometimes, though, a lowball offer might be the way to go. However, that's not always the case and it does come with a few risks. How do you know if offering way below the list price is actually a good idea or not? It depends on the circumstances. Lowball Offer: When Should You Give It a Try?With any of these suggestions, I highly recommend discussing it with your Lake … (0 comments)
buyer tips: What NOT to Say in Your Offer Letter
- 05/01/19 12:37 PM
The Havasu real estate market is hot, hot, HOT! Sellers sometimes contemplate several different offers at a time. When buying a property in a seller's market, you need to stand out from the rest. Getting personal helps. Talking about what you love about the property shows the seller how serious you are about purchasing it. However, you need to also know what NOT to say in your offer letter. Otherwise, you run the risk of offending a seller and sending your letter to the "decline" pile. What NOT to Say in Your Offer Letter"I see it now. Photos by the fireplace will … (2 comments)
buyer tips: Buying a Havasu Home in a Seller's Market
- 09/05/18 01:56 PM
Our Lake Havasu real estate market is extremely hot right now. With high buyer demand and low inventory, buyers find themselves fighting for their dream home with others. When you factor in the out-of-town buyers searching for vacation homes and investment properties, the competition is fierce. Buying a Havasu home in a seller's market might be tough, but it isn't impossible as long as you heed the following advice. Buying a Havasu Home in a Seller's MarketFinancing Comes First Before all else, talk to a lender about securing a mortgage loan. In a seller's market, several buyers might vie for the same … (0 comments)
buyer tips: Lake Havasu Buyer/Seller Review: My Top Five Tips for 2017
- 12/20/17 02:58 PM
Can you believe we only have 11 days left in 2017? Where has the time gone? Looking back over the last year, there are several posts I created specifically to help buyers and sellers with the real estate process. The following are my top five tips for the Lake Havasu Buyer and Seller in 2017. Hopefully, you utilized them over the past year. If not, take them with you into 2018. Lake Havasu BuyersWhat Banks Look for in Havasu BuyersA nice downpayment and a hefty credit score are only two aspects banks look at when sizing up a Lake Havasu buyer. They … (1 comments)
buyer tips: What a Havasu Home Inspector Doesn't Look For
- 11/15/17 02:02 PM
Smart Buyers make sure to get a home inspection before they purchase a Lake Havasu home. A home inspector performs a visual inspection of the property and a cursory check of all systems inside, including HVAC, plumbing and electrical. Then, they point out what immediate problems you may face as a new homeowner of the property as well as what may be a potential problem down the road. However, they have their limitations. You need to be aware of what a Havasu home inspector doesn't look for so you can determine whether your property needs further inspection from other sources as … (1 comments)
buyer tips: What is a Property Disclosure Statement?
- 06/28/17 01:03 PM
Congratulations! You've decided to buy a Lake Havasu home. Acceptance of your offer only marks the beginning of the home buying process. You'll receive a Property Disclosure Statement. It's very important that you read this paper carefully. But, what is a Property Disclosure Statement? Seller's Property Disclosure Statement (SPUDS)Arizona law requires that Sellers disclose any important/material information about the property that the Seller themselves personally knows of. While it may not contain every little scratch of ding, the Property Disclosure Statement should include any issues that may impact the value of the home, disclose the property's use (especially if anything other than … (1 comments)
buyer tips: Lake Havasu Home Inspection No-Nos
- 05/31/17 11:35 AM
The first major hurdle in buying a home is finding the right one. Next, there's waiting for your offer to be accepted. Then, you might stress over the appraisal. Finally, you wait for the home inspection to pass. So much stress! These Lake Havasu home inspection no-nos help make this part of the home buying process a little easier. Lake Havasu Home Inspection No-NosPrice vs ExperienceOne of the first Lake Havasu home inspection no-nos involves procuring the inspector. Your first instinct may be to choose the cheapest one you can find. After all, you've already put so much money into the purchase … (0 comments)
buyer tips: Buying Havasu Homes Now Will Save Thousands
- 06/03/15 04:40 AM
Buying Havasu homes now will save thousands of dollars. This is true from even the very first year for Havasu homeowners. Purchasing a property costs money. First, you have to come up with a downpayment. For Millenials in Arizona, that is one of the biggest concerns. Then you will need closing costs, fees, taxes and insurance. Even with all these costs, waiting to buy a Havasu home will cost you. How Buying Havasu Homes Now Will Save Thousands Down the RoadAccording to Realtor.com, postponing a home purchase can cost you as much as $217,726 over the life of a 30 year mortgage. In some places across … (0 comments)
buyer tips: Cautious Buyers May Find Adjustable-Rate Mortgages to Be the Right Fit
- 04/07/11 05:31 AM
Buyers who want a low interest rate that will be living in their home for a few years or more may want to consider an adjustable-rate mortgage. Low end interest rates mean below 4%. Therefore, many buyers are looking at an adjustable-rate mortgage loan insured by the Federal Housing Administration instead of a 30-year-fixed rate loan. November of 2010 hit a 40-year record low in interest rates, averaging 4.7%, but now it’s back to the 5% range. Adjustable-rate loans can provide lower payments than a fixed-rate loan for the first few years. However, those savings can go away after … (0 comments)
buyer tips: How the $8,000 Federal Tax Credit Works
- 09/17/09 05:51 AM
It still surprises me how many homebuyers still don't truly understand how the $8,000 federal tax credit works. So, I can either give my blog readers 8,000 reasons to buy a home or answer frequently asked questions about how the federal tax credit works. I think I will choose the shorter route and answer frequently asked questions, since the deadline for the tax credit is approaching fast.
Here are answers to some of the most asked questions:
* The deadline for the federal tax credit is November 30, 2009. * Only first-time buyers qualify. This means you must not … (3 comments)
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We all like a great deal. When making a large purchase (like on a Lake Havasu home), you want the best deal possible. Sometimes, that may mean offering more than the list price. Sometimes, though, a lowball offer might be the way to go. However, that's not always the case and it does come with a few risks. How do you know if offering way below the list price is actually a good idea or not? It depends on the circumstances.
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