Navy Fellas Realty Group

Real Estate, Residential sales and purchase

Buying a New Home This Spring? How to Avoid Overpaying as the Market Starts to Heat Up

by

Buying a New Home This Spring? How to Avoid Overpaying as the Market Starts to Heat UpWhile the real estate market in most areas may slow down considerably during the winter months, activity quickly picks up in the spring time. More listings are available for buyers to choose from, but there are typically many more buyers competing for those properties. With the fast-paced and often pressure-filled market activity during the spring, it is easy for buyers to react accordingly and to overpay for the home they fall in love with. By following a few important tips, you can take steps to ensure you get a great deal on your real estate purchase.

Avoid Making Impulsive Or Emotional Decisions

There are many reasons why buyers may overpay during the spring months, and these range from the feeling that they must act quickly to make an offer on a property they love to the belief that they need to offer the asking price even if they feel the price is too high. Some may even be involved in a bidding war with another buyer, and they may structure an offer based on emotion rather than on sound real estate fundamentals. While you may need to move quickly during the spring months, you also should avoid making impulsive, emotional decisions. Spending a little time researching the property and structuring an intelligent offer will generally not kill a deal.

Create A Firm Budget

All home buyers regardless of the season should create a firm budget. This should include a personal monthly budget so that they can determine what home ownership costs are affordable for them, and it should also include a buying budget that accounts for a down payment and closing costs. Keep a trained eye on this budget, and do not deviate from it.

Be Willing To Walk Away

When you fall in love with a property and envision your family living in the space for years, it is easy to develop an emotional attachment to it. While you may be excited about a property, you also should be willing to walk away if the transaction becomes too costly for you through negotiations and counter offers. Remember that there are many other properties on the market to choose from that may be more affordable for you.

Seeking representation from a skilled real estate agent is an important step to take when buying a home. A real estate agent can help you to define your goals and to remain true to them, reminding you of your needs and specifications as well as your budget for your purchase. If you are ready to start looking for a property to purchase, seek assistance from an experienced real estate professional today.

How Safe is Your Home from a Fire? Learn How to Run a Quick Fire Safety Assessment

by

How Safe is Your Home from a Fire? Learn How to Run a Quick Fire Safety Assessment A fire can rage through your home at a moment’s notice, and it can cause a significant amount of damage in a very short period of time. Damage from the flames, intense heat, smoke and soot can cause tens of thousands of dollars or more in some cases, and a severe fire event can result in a total loss for the homeowner. More than that, a fire can create a serious health and safety risk for you and your loved ones inside the home. If you are concerned about how safe your home is from a fire, consider a few important points.

Do You Have Fire Extinguishers On All Floors?

When a small fire breaks out, you may only have a few seconds to respond. You simply do not have time to rush around the house in search of a fire extinguisher. Instead, you should know immediately where it is at and how to use it. More than that, you should have one available on all floors of your home. While you may want to reach for a fire extinguisher to put out a small flame, you should still yell for others in the home to vacate while you use the fire extinguisher.

Do You Have Smoke Alarms in Ideal Locations?

Fires can break out during all hours of the day and night. When you are awake, you may easily be able to smell smoke from a nearby room. However, when you are asleep or when the smoke is in a removed area of the home, it can be more difficult to observe the signs of a fire until it is too late. Placing a loud smoke alarm in all bedrooms in your home is a wise idea. You will also need one in living areas of the home. If your home is larger in size, you may consider investing in additional smoke alarms.

When Was the Last Time You Replaced the Batteries in Your Smoke Detectors?

It is not enough to simply have the smoke detectors mounted to your walls or ceiling. Instead, you need to make sure that they are loud and that they work well. If you have a hearing impaired person in the home, you should invest in detectors with a visible strobe light to alert them to a danger. Batteries generally should be replaced every few months, and you may consider replacing the batteries each time you replace the filters for your HVAC system. Keep in mind that it is better to replace the batteries before they lose power than to be without the function of an alarm in your home when you need it.

Even a small fire can be a dangerous and costly event. By focusing on these factors in your home, you can most easily prepare for a fire, and you will be able to take immediate action in the event a fire develops in your home.