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Think Ahead, Real Estate is not a Game

What I mean is, you cant trade houses like you trade base ball cards.

If you buy a new home and change your mind in a year or even two or three, it could be a very costly experience.

Think ahead about Selling when you are Buying

I cannot say this enough. When you are buying a new home, especially new construction, think carefully about what you need and what you want. Ask yourself, if something happened in a few years and you had to turn around and sell, are you making choices someone else will like?

  • Location dont select the worst location in the community because on resale, it will always sell last. Select a location you really want. If you cannot afford that, buy in another community.
  • Choice of appliances whether or not you like stainless, most buyers do select stainless steel.
  • Choice of flooring you may love carpet and vinyl, but today almost every buyer selects hardwood floors throughout at least the main living area.
  • What to upgrade and what not
    • always upgrade to a gourmet kitchen
    • always upgrade to an all wood, dove-tailed, comfort-close cabinet in the kitchen
    • never choose oak cabinetry
    • always upgrade to hardwood floors throughout main living areas
    • always upgrade to a neutral tile in all bathrooms
    • always put a bath in a finished bonus room
    • always upgrade HVAC and energy saving packages when offered
    • always put in an irrigation system with an irrigation well, if allowed
    • if you put in a Solar Power System, always buy the system; never lease
    • if you put in a Security System, negotiate to no more than a 3 year contract

Real Estate is a long term investment

I was listening to Kevin OLeary, of Shark Tank and now Talking Head on CNBC, who called real estate the worst investment there is. Well if you are a trader, he is absolutely correct. Real Estate is a long term investment. If you do not know where you want to live, do not buy. But, if you are making a decision about how and where you want to live and spend the rest of your life, I challenge you to find a better long term investment than a home. Just make sure to have a good Buyers Agent on your side and be honest with them. We cant help you if you dont let us know who you are.

Its not unusual to have questions. We recommend that you prepare yourself for the journey with education. Read our Buyers most Frequently Asked Questions, a.k.a. our FAQs page. If you dont see the answer, email us, we look forward to helping you!

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