A Boutique Firm Focusing on Consulting & Ventures

Share

Important Steps when Buying a Home

Important Steps when Buying a Home

Step 1: Do your research before placing an offer. Look up comparables. What did your neighbors sell it for? What were the differences in both the exterior and interior? Did they have fewer bedrooms, bathrooms? Did they have an old kitchen? Did one have a waterfront property? Note the differences and adjust the one you want accordingly. Don’t bid too low, because then the sellers will just think you’re playing games and they’ll actually stand more firm on their price. Bid roughly 5-20% below ask. Still hunt for a deal! You don’t need 100 people to consent on what the home is worth. You need a buyer who is looking to get out fast and who needs the cash.

Step 2: Pick a listing agent who knows how to handle negotiations very well. Get someone who is going to dedicate their time to show you multiple properties. Pick someone who comes prepared with a MLS sheet for every property you see ALONG with comparables so you know how much it really should be worth. You want someone who’s knowledgeable in the surrounding area and can tell you about the new plans that are going to develop in the community. Ask good questions to get to the bottom of their intentions. Are they after your best interest or just looking for a sale?

Step 3: Pick a home located in a great school district! Why? Resale! Resale! Resale! If you look at historical trends, the real estate prices that tend to remain neutral in recessions and go up drastically in boom markets are the homes that are attached to good schools. Your home is only worth what it can sell for. You have a much higher chance of selling to a family down the road with a home in a good school as opposed to a bad one.

Step 4: Pick a house with a lot of margin. What is the maximum you would take this home for where you can still have some cushion to make the modifications on your home and still come out ahead? Any kind of over-improvement, you’ll almost never see the return from investment. Don’t spend $50,000 on a new kitchen when you’ll only get $25,000 back on the resale! Make sure there’s enough cushion so you can do your modifications to make it livable, while still having enough room to profit.

Step 5: Make sure you do your preliminary work and utilize your inspection period wisely. Account for property taxes and closing costs. Get pre-approved for a low interest mortgage rate so you have a firm grasp on what exactly it will cost you every month. Find out what’s wrong with the house and either proceed or back away if it’s going to cost you too much.

Share post:

Leader in Business Consulting with Expertise in Representing Sellers & Buyers on Deals

Jarbly is a leader in business consulting with expertise in helping with revamped strategies, enhancing valuation, positioning for an exit, and business and real estate sales.

Contact Us

* indicates required

SIGN THE NDA

View Listings

© 2024 JARBLY LLC is a national brand operating through itself as a Limited Liability Company in the State of FL and works with a number of professionals located throughout the country to provide client related professional services. JARBLY LLC does not guarantee the accuracy of any of the information disclosed in this website or any materials sent including listing information including but not limited to details surrounding a business or listing or property. It is important if you transact with JARBLY LLC in any capacity, you consult a legal professional. The officers, agents, directors, or principals of JARBLY LLC are not licensed attorneys. While the principal of JARBLY LLC is a licensed real estate associate, he is not an attorney. JARBLY LLC is not a registered broker-dealer under U.S. securities laws. For more details on the nature of working together please review our disclaimer at http://jarbly.com/disclaimer and make sure to consult professional legal counsel regarding transactions to be in compliance in accordance with relevant local regulatory and legal requirements.

This website from JARBLY LLC does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or any other product or service by JARBLY LLC or any other third party regardless of whether such security, product or service is referenced in this website. Furthermore, nothing in this website is intended to provide tax, legal, or investment advice and nothing in this website should be construed as a recommendation to buy, sell, or hold any instrument or asset or to engage in any investment strategy or transaction.

This website is operated by JARBLY LLC with registered office in Boca Raton FL 33496, United States of America.

DAILY POST FROM JARBLY

Follow JARBLY.com for Daily Content on Business Advisement, Real Estate, Disruptive Ventures, etc.


UP TO DATE DAILY POST FROM JARBLY

Are you a realtor? Ever wanted to join a boutique brokerage with frequent 1 on 1 mentorship, connections, and a very personal experience.

Joshua Blank the founder of Trend came from big box corporate brokerages to form his own boutique brokerage called Trend Realty. Shortly after he created the brokerage, I joined immediately. I saw the writing on the wall. A better way to advertise and market as a brokerage for realtors as opposed to the burden all on the realtors themselves.
He saw the dinosaur thinking they deployed and how real estate was changing.
As Wayne Gretzky says, skate to where the puck is going, not where it is currently.
Long over are the days where someone calls a realtor to use that realtor. Real estate has changed because everyone has the apps on their phone and the market including the properties you have access to on MLS are also at their fingertips. They want to see a property they found. You have to be the realtor who gets in front of them when they’re ready to make a purchase. We have systems that deploy where the puck is going.
With Trend you get the following:
  • Access to High-Quality Leads that Get Texted to Our Agents
  • Proprietary Tech
  • Centrally Located Offices
  • Weekly Training
  • Full-Service MENTORSHIP with years of experience - assistance with showings, exclusive access to high profile professional networks
  • Weekly Zoom Calls focused on training, learning from experts
  • Survival Guide and Business Plan - A proven path to success
  • Social Media Expert on Staff
  • Transaction Desk File Review & Management
  • Assistance with Administrative and Paperwork
  • Agent Transaction Training - Videos, Facebook Group, etc.
  • Brokerage has Q&A videos and helpful toolbox kits to help agents.
  • Agent MLS Training - Videos, Facebook Group, etc.
  • Access to High Quality Title, Mortgage Services
  • Trend Facebook Group for Networking, Videos, and Questions
  • Trend pays their agents at closing, with their CDA program
  • E & O insurance on transactions
  • Zero Monthly Fees to Agents
  • Favorable Splits to Agents
  • Creative Structuring on Deals
  • Introductions to High Quality Mortgage Companies and Lenders to Get Deals Done that Other Brokers Wouldn't Be Able to Do
  • Motivation Including Weekly Progress
  • Business Cards, Marketing Materials, Promotional Assistance etc.
  • Off Market Deals and Commercial Opportunities
  • Seller and Buyer Leads of Businesses and Commercial Opportunities
  • Direct Access to Us for Qs and As to Help You on Deals and Scenarios
  • Training on Marketing, Systems, MLS Search

Looking forward to hopefully having you on the team and amplifying your real estate career.

JOIN THE JARBLY TEAM AS A REALTOR - COMMERCIAL AND RESIDENTIAL OPPORTUNITIES

This will close in 0 seconds

Play