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Brought to You By: Randy Elgin
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Randy Elgin
10999 W IH10; Suite 175
San Antonio, TX 78230
210-232-2310
Are You a First-Time Buyer? Get My Free Guide
Buying your first home is a big step and one that is likely to impact your financial future for years to come.
Make it easier, request my free guide, "How First-Time Buyers Can Make a Wise Buy!"
Ask the Agent
Why do I need a home inspection?
Because most homes are sold in as-is condition, it is up to the buyer to investigate the condition of the home by having a home inspection.
1. Negotiate a home inspection contingency in your purchase contract. A week to 14 days is standard.
2. Hire a certified home inspector to do a home inspection for you. Your real estate agent can recommend someone he or she trusts.
3. Review the written home inspection report carefully and ask the home inspector any questions you may have.
4. Get three estimates from licensed contractors regarding any home system repairs that are needed. Obtain a referral from your agent, a friend or a family member. Ask for the contractor's references.
5. Having information about the condition of the home is important for making the right investment decision. |
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Selling Your San Antonio Home? Update It!
Update your San Antonio home because today's buyers love vibrant red and orange accent walls, usually in contrast to earth-toned neutrals. They also love stoves with super-quiet exhaust fans, kitchen islands, and recessed lighting combined with hanging pendant fixtures.
Update in the bathroom because buyers love glass and stone finishes with brushed nickel faucets and floating vanities. And don't forget the open floor plans that blend kitchen, dining room and family room into a single open space. Seducing today's buyers is almost a necessity in today's San Antonio real estate market. But how far should you update your San Antonio home to cater to buyers' wants?
It depends. Unless you're selling a San Antonio luxury property, you don't have to buy a professional-grade stove. However, you may want to consider updating the kitchen by trading your outdated avocado appliances for stainless steel and buying an inexpensive island on casters to make the kitchen feel more modern.
Updated San Antonio Kitchens and bathrooms sell houses, so it makes sense to spend the majority of your renovation dollars to upgrade these spaces. In the bathroom, new fixtures, a soft color for the walls and sconce lighting will make a world of difference. Add fluffy white towels, flowers and candles, and you have a spa that buyers will love.
A fresh coat of neutral paint is always a cost-effective solution. And an accent wall can make a space look bigger, warmer and more up to date.
Carpeting is out and updating the floors with exotic woods and travertine floors are in. However, your buyers will likely be as impressed with less-expensive flooring options.
Wondering How Much Your Home is Worth?
How has the price of your home changed in today's market? How much are other homes in your neighborhood selling for?
If you're wondering what's happening to prices in your area, or you're thinking about selling your house, I'll be able to help.
Click the market report below or select San Antonio Real Estate Market and complete the requested information about your home!
How to Leap Those First-Time Buyer's Hurdles
First-time home buyers have plenty of obstacles to overcome. There is an intricate maze of details that need to be carefully navigated. Following are five obstacles that first-time buyers have to overcome when looking to buy a home:
Down Payment: Saving enough for the down payment is not sufficient. Closing costs must also be considered. Closing costs are additional fees such as the lawyer's fees, escrow charges, appraisal fees, financing fees and utility adjustments. A good rule of thumb is 2% of the purchase price will cover the closing costs. So for a $200,000 home with a 5% down payment, you would require $14,000 to cover both the down payment and closing costs.
Mortgage Preapproval: Many first-time home buyers overlook the preapproval process. This mistake can cost you your dream home. Visit a mortgage professional to see what kind of mortgage you qualify for and closely examine the actual cost of the money you must borrow to purchase a home.
Use a Real Estate Agent: Some home buyers think they can go it alone. Buying a home is a complex legal process, and buyer representatives have the knowledge and know-how to make your home-buying experience a happy one.
Know the Difference Between What You Need and What You Want: It is fine to dream big, but the home-buying process can be very frustrating when you have a $200,000 budget and $500,000 taste. It is essential to the buying process to identify what your home must have and what you would like it to have.
Believe in Yourself: It seems that when you are buying your first home, everyone has an opinion about the purchase. This can be confusing because unsolicited advice clouds your decision. Believe in your ability to assimilate the facts, look at the property and decide what to buy. |
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This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter. This newsletter is not intended to solicit properties currently for sale.
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