Market Commentary Archives - Prince & Associates Realty Group
 
Home Inspections, Don’t Be Left Blind!

Home Inspections, Don’t Be Left Blind!

Buying a home is not necessarily always easy, and neither is selling one. However, if the buyers/sellers take all the precautions they need, then it can make the process run much more smoothly. Take a home inspection as an example. Without conducting one, homeowners are left blind to what information may really be hidden in the walls. Whether it is a faulty update or lack of knowledge on the home in general, it is better to save time and worry and have someone look to gather the full information.

It Is a Personal Responsibility

If someone is selling home, it is important to provide any potential buyer with the necessary information he/she needs to make a purchasing decision. The same goes for someone buying the home. That person is entitled to knowing exactly what kind of building they will be investing, and it will save time and money if they find out it will not truly be a good fit in the end.

Illegal Installations/Updates Can be Revealed

Conducting a home inspection will reveal any illegal or faulty errors the building may have gone through during the times of maintenance. It will be beneficial to know these before putting the home on the market and encountering any further problems. Illegal home updates may risk the safety of others, making the home itself a hazard to anyone living there.

Unseen/Unpredictable Problems

The home inspection will also reveal what cannot be so easily seen. Even if a home seemed perfect at the beginning, old age or weathered materials could cause future problems that only a home inspector may be able to find. As an example, the inspector could find wet areas in the building’s interior after a storm, which could lead to mold and mildew forming later.   

Negotiation Tool for Buying and Selling

After knowing new information with a home inspection, this inspection could benefit either the buyer or the seller. If the buyer can find quality updates or more stability in the home than before, the home has the potential to increase in value. Although, if the buyer finds a few faults with the potential new home, there may be room to negotiate a lower price.  

 Insurance

In some instances, homes will not be able to get the proper insurance if certain conditions are found. By getting a home inspection, the homeowner will know what he/she needs to do to get the building fixed to obtain the right coverage. Sometimes, the home inspector himself can make these changes, which will save time and money.

Maintenance Costs

If someone is buying the home, it is important for the buyer to have an inspection conducted because it will reveal all needs for maintenance or upgrade costs. This will then give the buyer direction to see if the home is worth purchasing when compared to all the extra money needing to be spent due to these expenses. If it is the seller, he/she will have to compare how the money being invested in these upgrades compares to the profits after the home is finally sold.

Direct Answers

Most importantly, a home inspection will provide several answers to all who are speculating and asking the “what ifs”. This is a service that will provide clarity, saving time and money. It will hopefully also bring buyers and sellers closer to meeting their real estate goals.  

 

 

 

 

Virtual Home Buyer Seminar

Virtual Home Buyer Seminar

Join us virtually for an informative Home Buying Seminar. The home buying process from A-Z! Bring your questions, We have answers!

Register in advance for this meeting:

https://us02web.zoom.us/meeting/register/tZUuceCupjMsEtSOEz3NBDQgYklOry9s8as4

After registering, you will receive a confirmation email containing information about joining the meeting.

Learn How The Real Estate Industry Has Developed

Learn How The Real Estate Industry Has Developed

Real estate is not what it first appeared to be a few years ago. Like any industry, it grows and changes with a target market’s wants and needs. It also rapidly evolves with the technology that becomes available to it. Although real estate may have changed in the last few years, it has done so for the benefit of all buyers and sellers in the market. By looking at a few key technological updates, we’re able to grasp exactly how one of the most lucrative industries has developed.

Online listings

With the power of being plugged in online, listings have the ability to sell themselves without the buyer having to actually be present. This especially caters to international buyers who are unable to make the trip to see their new home. By listers uploading pictures/videos appealing to the potential buyer, there is able to be an accurate virtual representation. If seeing the home through photos/pre-made videos aren’t enough, then real estate agents have the ability to chat over the phone via video and walk the potential buyer through the home in a personalized manner. This is a perfect way for the buyer to see and ask questions about anything they were originally hesitant about at the beginning. When listings are offered online, deals are more likely to close faster, and the lister will have the opportunity to sell more over a shorter period of time.

E-signings

Nowadays the buyer or seller don’t necessarily have to be present to close the deal, which will save time and money for both parties. With the advancement in technology, important contract papers are able to be scanned through from the comfort of a phone. Again, this is a great factor for those who live internationally because those people won’t keep having to travel back and forth. This may help those who only live in a different borough because it will save the normal commuting time.

Virtual/Augmented Reality

Sometimes, seeing isn’t always believing when it comes to a new home. Potential buyers like to feel as if they’re really there to grasp the full experience. With the enhancement of virtual/augmented reality, that same buyer will have the capability to visit another home from the comfort of their current living room. This type of technology reality is much newer to the market, but it has been able to build trust and add credibility to those who don’t always believe a simple picture.

Mobile Apps

Mobile apps are a clear game changer to the market. Now sellers have the ability to upload listings on more than one platform, giving the home far more exposure than it once was able.This benefits the potential buyers in the same way. They are able to look at several listings at once, giving them more options.

Online Investing

With the mobilization of different online platforms, people now have more of an opportunity to invest their money safely online with a guaranteed return. One of the many ways investors are doing this is through crowdfunding. There happen to be several crowdfunding sites available that will match investors with new opportunities that will benefit them the best.

Marketing

With the advancement in technology, marketing has changed immensely over the past few years. As an example, Instagram users have been creating different profiles specific to homes they’re renting or selling. This has allowed them to showcase the home in a unique way and highlight all of its unique features. By marketing in this way, a large audience may be reached and the platform has encouraged a larger engagement record.

Virtual Open House via ZOOM!

Virtual Open House via ZOOM!

Join us virtually for an exclusive open house!
Stunning Colonial in the Rockville Center school district. Boosting new kitchen and baths. This house is ready for its new owner, Gleaming hardwood floors, granite counters, ceramic tiles and a fresh new look.

Property: 1065 Long Beach Rd. S. Hempstead, NY 11550
Date: Saturday, April 25, 2020
Time: 2:00 p.m to 2:30 p.m

ZOOM LINK: https://us02web.zoom.us/j/84087015597?pwd=a2FxVzBnYXRteFo3YmhZdEdtNXBjdz09
Meeting ID: 840 8701 5597
Password: 636575

All buyers, neighbors, brokers, and friends welcome to join this live virtual tour!

Prince & Associates Realty
631-252-9539
Princeaar.com

Secrets To Owning A Home

Secrets To Owning A Home

When you are considering looking for a home, a home buying seminar can provide essential knowledge and advice on managing the home buying process.

Even if you have owned homes in the past, it’s helpful to review the process, terminology and products before you hop back into the market.

And if you’ve never purchased a home before, a seminar can help answer questions, concerns and fears that a lot of homeowners feel when considering the biggest financial transaction of their lives.

 

Join us on March 21st, where we will go over the home buying process from A-Z!

 

 

 

Register below: 

https://www.eventbrite.com/e/home-buying-seminar-tickets-98005652545?fbclid=IwAR2hLt2yOgC5TRk8mIxyw86tppuQzE5U32XRK8DhBOq68_Su_93n-7llYRw

 

 

Top 5 Values of a Real Estate Agent

Top 5 Values of a Real Estate Agent

In the world of real estate, there are a couple of people whom are key players. Ranging from appraisals, home inspectors, property managers, mortgage loan officers, contractors, bankers and even government agencies; there are usually many people playing important roles in the real estate industry including the prospective buyers and sellers. But it is important to note that the real powerhouse of a standard real estate transaction are those people in charge of the coordination process: real estate agents and real estate brokers!

On different occasions and for different reasons, a real estate agent works at different points: salesperson, buyers’s advocate, analyst, consultant, negotiator or even as a marketer. Below are the top 5 values and qualities that a great real estate agent should possess:

  • Enhanced Knowledge Bank

Successful real estate agents are usually up-to-date in the realm of real estate agency. They’re very active in the local market as this is the reason they are always able to render effective services to their clients. Their educational and professional development is continuous giving them the opportunity to expand their businesses and remain atop the real estate industry. If you emulate and develop a flair for knowledge acquisition, then, on the long run, you would definitely achieve a very positive value which would boost your presence and upgrade your relevance in the world of real estate.

  • Building a Network of Connections

In the world of real estate agency, building a vast array and network of connections is highly important. Great real estate agaents usually possess relevant communications and networking skills within the market they work. Obviously, the aforesaid list of connection usually include several other real estate agents and brokers, potential buyers and sellers, appraisers, home inspectors, and mortgage loan officers and other role players in the industry.

  • A Problem Solving Mindset

One key thing that work and contributes to the values of a great real estate agent is having a problem solving mindset. Real estate agents are usually positive thinkers who provide creative solutions to problems via optimism and critical thinking. For instance, they are well-learned on how to appropriately come up with creative solutions and showcase a house in order to make it more marketable while they also generate and build impressive MLS listings that would attract the appropriate buyer.

  • Hustling Spirit and Tenacity

The real estate industry is really a no joke. To become a top reckoned and great real estate agent, it requires that you possess a tough hustling spirit, mental grit and tenacity. This is because you will be required to put in a great work ethic and purse every lead to aggressively market the properties of your clients. It’s not all about the time you expend, rather about how right and smart you’ve successfully worked to be a great agent in the industry.

  • Paying Close Attention to Detail

If you want to be a great and successful real estate agent, it’s quite important that you have good listening ears and pay attention to details. This is very important to your career in real estate industry. A good agent is very attentive to the essential needs of his or her clients’and must be well-organized, follow leads and maintain a very strong communication with clients. With these, more deals are assured to be closed and more relevance, ascertained.

Conclusively, it is quite imperative to know that the above listed values are those of a great real estate agent, and if they are inclucated and put into good use, you’re rest assured to become a top relevant and very successful agent in the real estate industry.

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