How to Buy a Home With a Dark Past

On occasion you may come across a house that is perfect in every way, except for a few small details. A crime may have occurred there or someone (or a series of someones) may have died in the home. While most realtors will be up front about this reality you may have some concerns when it comes to buying a home with a dark past. There are many ways to alleviate the concerns you may have about your potential home, but in the end you may decide that the events that have occurred in your home make the home not worth buying.

When confronted with a home with a dark past people generally have one of two reactions. You may be interested in knowing what exactly went on in the home you are considering buying, and once the details are known you may reconsider. The home could end up being a perfectly wonderful home for you and your family, or you could be incredibly uncomfortable living in the house because of past events. You might even get a better deal on the home because of its dark past.

If the home has a history of violent crime the price may be lowered because of the negative publicity that has been centered on the home. While there may be no evidence that any violent crimes have occurred in the house there may still be a buzz around the location.

When looking at a home for sale the buyer has the ability to ask if the home has a dark past, and the seller must be honest according to the law. Houses that are rumored to be haunted are generally locations buyers will want to stay away from because of the uncertainty of the market value as well as the overall mystery of what is actually going on in the house.

If you’ve decided to dive in and buy a home that has a dark past you might find that repairing and restoring the house makes a world of difference. Doing routine maintenance like painting the outside of the house, replanting (or planting) a yard and landscaping can change the aesthetics of the house as well as the overall feelings people might have towards the property. The interior could also use a fresh coat of paint; use this time to create your dream home with the right color schemes, accent walls, new curtains, and more! You can also replace any insulation, windows, or other siding that may be worn out or need replacing.

Hire professional cleaners will also make restoring the house easier. Whatever you need to do in order to feel better about living in a house with a dark past is completely fine and up to you.

Buying a home with a dark past is the same process as buying a brand new home. Ask your realtor and the seller if there have been any criminal activities, violent crimes or other unfortunate events that have occurred on the property and use your best judgement.

Before You Buy, Your First Home

Real estate is one of our oldest industries, because as long, as someone owns, something of value, there will be conditions, at some point, or another, which bring him, to consider selling it! Every individual, who buys any house, at some point must proceed, to purchase his first home, and doing so, for the first time, has certain specific challenges, and obstacles, involved, as compared to when, someone buys their second, third, etc. With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, some smart considerations, when one is ready, to purchase his first home, of his own.

1. Why are you buying, versus renting, etc?: Begin with an introspective, objective, review, of why, you want to own a home, rather than continue, your present living arrangements. How has your life experiences, and/ or expectations, led you, to this decision? Have you considered the responsibilities, and obligations of owning, in terms of financial, maintenance/ repair/ renovations, and how, you might feel about doing so? How will owning, better serve your needs, and expectations, etc, than renting, etc?

2. Financial considerations/ preparation: Are you prepared for owning a home, of your own? Have you looked, at your finances, and consulted, a mortgage professional, to consider your qualifications, and ability to obtain the loan, most need, and require? In terms of finances, you must closely consider, and examine, if you have the funds, for the down – payment, as well as all the needed reserves, etc. Some of the reserves, must include: Reserve fund, for contingencies, in case you have some change in work status (recommend 6 – 9 months reserves); funds for immediate repairs, renovations, upgrades, including painting, flooring, etc; appliance reserve (for upgrading/ replacing appliances, such as refrigerators, dishwashers. freezers, cooking appliance, etc; future renovations; future repairs; upgrades; and major needs, etc. Homeowners, who prepare for contingencies, discover, owning is far more relaxing, and less stressful, than those who fail to be ready!

3. Know your needs: Smart buyers know, and fully consider, their needs, now, and into the future! Are you buying this house, for the longer – term, or focusing on it, as a starter – home? If it’s the latter, then, it might be simpler, to consider, because there are fewer variables! Those looking, longer – term, must evaluate, whether they might be well – served, and whether there is a potential, for adapting the specific house, on this property, for future needs!

4. Location: It’s possible to change many things about a specific house, and property, but, you can’t change its location! Before buying, walk around the neighborhood, and area, see if it meets your needs, and priorities, in terms of schools, conveniences, shopping, transportation, safety, etc.

These are just, four, of the considerations, before purchasing your first house. Those who consider things, thoroughly, consistently, are happier, and better served, with home ownership!

4 Keys To Deciding To Buy Your Home

Many Americans hope to participate in the so – called, American Dream, by owning a home, of their own. However, since for most of us, the value of their house, often, represents their single – biggest, financial asset, wouldn’t it, perhaps, make sense, to proceed, as wisely as possible, and consider, as many relevant variables, as possible, before proceeding forward, and making a final decision? After, well over a decade, as a Real Estate Licensed Salesperson, in the State of New York, I proudly, adhere to my trademarked slogan, I will always tell you what you need to know, not just what you may want to hear! A consistent message, which needs to be articulated, understood, and followed, is, to focus on specific keys, to decide and determine, if, and when, you should buy any home, as well as some specific one! With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 4 keys to deciding to buy a house.

1. Your needs/ desires: Begin by differentiating between your personal, wish list, and what, you, truly, need! How many rooms, do you seek, and why? How much property, makes sense. for you, and your personal situations? Which parts of a house, are most important, and relevant, for you, and why do you believe, so? How about the neighborhood, region, specific block, and location? Have you checked into safety/ security, schools/ education, convenience to transportation, shopping, Houses of Worship, to determine, which has the most value, for your specific desires, etc?

2. Credit: Before beginning your search for your supposed, home of your needs, be honest with yourself, and carefully, review, and check, the quality of your credit! Get a copy of your Credit Report, and be certain, there are no errors! Are there any corrections, which might make it better, and improve your score? Depending on your credit, and whether, lending institutions consider you, credit – worthy, generally, determines, whether, you will qualify for, and, what amount, you might receive! If you can’t do so, yourself, consult a professional, before you begin your quest!

3. Funds: Avoid being house – wealthy, and cash flow – poor! Have you accumulated, enough funds, for the necessities, including down – payment, Closing Costs, and necessary reserves? Wise people ensure they have the cash – equivalent of at least six months, in reserve, for emergencies, contingencies, etc!

4. Location: What location makes the most sense, for your needs, requirements, and ability to afford? Take your time, to ensure, you move, where you’ll be happy, satisfied, and comfortable!

Before buying your home, consider these 4 steps, thoroughly, and carefully! Are you ready to prepare, to protect your best interests?