Kalstar Realty Services



Posted by Kalstar Realty Services on 7/10/2019

Purchasing a house can be tricky, particularly for those who are dealing with a high-pressure negotiation. Luckily, we're here to help you get the best results from any homebuying negotiation, at any time.

Now, let's take a three must-haves for those who are getting ready to negotiate a home purchase.

1. Housing Market Data

An informed homebuyer is a smart shopper. As such, this individual will obtain a large assortment of housing market data that he or she can use to make the best buying decision.

For homebuyers, it is important to understand how one house stacks up against comparable residences in any real estate market. That way, a homebuyer can submit a competitive offer that is based on pertinent housing market data.

Examine the prices of recently sold houses similar to the one that you'd like to buy. Also, check out the prices of comparable houses that are currently available. And with this housing market data at your disposal, you can boost your chances of getting the optimal price for your dream residence.

2. Self-Confidence

Let's face it – a homebuying negotiation is stressful, regardless of whether you're a first-time homebuyer or have purchased many residences over the years. But if you remain confident throughout a negotiation, you can take a calm, cool and collected approach, even when times get tough.

A confident homebuyer will have no trouble standing his or her ground during a negotiation. And if this individual is uncomfortable with a home seller's counter-proposal, he or she will be willing to walk away and restart a home search.

Furthermore, a confident homebuyer will remain open to new ideas and consider the home seller's perspective. This will enable a homebuyer to examine both sides of a negotiation and proceed accordingly.

3. An Experienced Real Estate Agent

When it comes to negotiating a home purchase, there is no need to handle a negotiation on your own. Fortunately, an experienced real estate agent is happy to offer guidance at each stage of a homebuying negotiation.

An experienced real estate agent understands what it takes to purchase a great home at an affordable price. As a result, he or she will go above and beyond the call of duty to negotiate with a home seller on your behalf.

Typically, an experienced real estate agent will act as a liaison between a homebuyer and home seller. This housing market professional will keep you up to date about whether a home seller accepts or rejects your proposal to purchase a home. He or she also will provide recommendations and suggestions to help you transform a stressful negotiation into a successful one.

Perhaps best of all, an experienced real estate agent is ready to respond to your homebuying concerns and questions. He or she will provide you with the support you need to ensure you can make informed decisions throughout a homebuying negotiation.

Get ready for a homebuying negotiation – consider the aforementioned factors, and you can move one step closer to finalizing a home purchase.





Posted by Kalstar Realty Services on 5/22/2019

The right time to purchase a home varies from person to person. Meanwhile, buying a house is one of the biggest decisions an individual may make in his or her lifetime. As such, it is important to weigh your options closely to determine if now if the right time to buy a house.

There are several things you can do to get ready to pursue and buy your dream home. These include:

1. Make a Plan

Think about the steps you'll need to take to go from homebuyer to homeowner. Then, you can craft a plan to put these steps into action.

Also, it often helps to create a list of homebuying criteria. This list will help you narrow your home search and speed up the process of finding your ideal residence.

You should stay flexible as you conduct your home search too. The housing market fluctuates constantly, and if you maintain flexibility, you'll be ready to adjust your homebuying strategy as needed.

2. Get Home Financing

It usually is a good idea to get pre-approved for a mortgage. If you have a mortgage in hand, you'll know exactly how much you can spend on a home.

Banks and credit unions are available to teach you about all of your mortgage options. Thus, meeting with these financial institutions will enable you to learn about different types of home financing and make an informed mortgage selection.

Of course, you should not hesitate to ask home financing questions. Banks and credit unions employ courteous, knowledgeable mortgage specialists who are happy to respond to your queries. Therefore, if you are unsure about which mortgage option is right for you, these mortgage specialists can help you evaluate all of your options.

3. Hire a Real Estate Agent

A real estate agent offers expert guidance throughout the homebuying journey. He or she will help you find your dream home and submit a competitive offer to purchase it. Plus, a real estate agent will negotiate with a seller's agent on your behalf, help you prepare for a home closing and much more.

In addition, a real estate agent can provide plenty of support during your house search. He or she first will help you craft an effective homebuying strategy and search for properties that meet your criteria. Next, a real estate agent will set up house showings and keep you informed about open house events in your preferred cities and towns. And if a seller accepts your offer to purchase his or her home, a real estate agent will help you set up a property inspection and finalize your house purchase.

For those who are ready to purchase a home, it helps to be prepared. If you take advantage of the aforementioned tips, you can enter the real estate market as an informed property buyer. As a result, you may be better equipped than other homebuyers to enjoy a quick, successful property buying experience.




Categories: Uncategorized  


Posted by Kalstar Realty Services on 5/8/2019

That time is coming if it is not already here. The kids are gone, and it is just the two of you—or, maybe there’s only one of you—and you feel like you’re rattling around the house like a couple of beans in a can. You’re tired of cleaning rooms that you never use. You’ve stopped visiting the basement, and you pretend that it isn’t even there. But you have no idea what things you should consider in purchasing that next “smaller” house. All you’ve ever planned for is that perfect house for the family, so … here are some things to consider.

If you’re still young physically, it’s hard to imagine not being able to do the things you have always done. Unfortunately, time does take its toll. 

Steps and doors...

Consider that you might want to find a single-story place with a master bedroom and maybe one guest room. That would seem simple enough, but unfortunately, not all single-level homes are created equal. The number one challenge as people get older is managing stairs. When you put “no step” in the equation, all the sudden you start to see how many steps are in many single-level homes. For example, there may be steps up to the front door, steps from the garage into the house, single steps from the dining room to the living room, a step into the bathroom, etc. Now you begin to wonder if the architect had “steps” on the brain. 

When buying your family home, you may not have even thought about doors, but there is the possibility of one day needing to use a walker or being in a wheelchair. Now, those standard doorways are a problem. Medical needs might limit you to exiting only through the front door—the only 36-inch door in the house. Oh yes, and there might be steps to get out that way as well. 

Fixed income...

The second challenge that happens as people get older, besides health challenges, is having a limited budget. In most cases, it’s fixed to your retirement income. So, it’s not just about the house payments. Even if you pay cash for your home, you still have gas, electric, and water bills. Take time understanding what those bills currently are, and determine if those will fit your budget. Then, decide if there's your room in your budget for them to up because you know that nothing goes down in cost. 

Time and effort...

Another consideration is lot size. You may really love to work outside in the garden or to have a garden that looks beautiful—even if someone else does the gardening. That is all well and good, but you should consider that there may come a time that it is too big or too costly to maintain. Do you want to move again because you cannot afford to keep up the yard or pay for all the water needed to keep it green? If you live in areas of the country that have lots of snow or ice in the winter, how much of the front walkways can you keep clean so you can come and go? If it is a large front yard with a long driveway and long sidewalks it may be more than you can handle.

These challenges are only a few of the things to consider when downsizing. Let your real estate professional know your needs now … and in the future.




Categories: Uncategorized  


Posted by Kalstar Realty Services on 4/24/2019

It is necessary to ask some crucial questions from the seller of your new home. No house is 100% perfect for you at the point of sale. You must, therefore, seek to learn whatever issues the house may have so that you can appropriately weigh your options before deciding to buy and be adequately prepared to handle them if you choose to buy it. While some sellers may volunteer that information, it is not incorrect to assume that most will not, hence the need to ask these questions:

  • Is the house or neighborhood flood-prone? Issues like flooding, water pipe-burst, or water poisoning sometimes never go away permanently. So, it is best you are aware ahead of time. Some neighborhoods are more prone to flooding during raining season and knowing these details might be crucial to your convenient stay. Knowledge of previous occurrences will help you keep an eye out for repeat situations so that you can address them early enough.
  • When was the house roofed and how does the material age? Older portions of the structure such as the roof may be quite expensive to replace. On the average, an asphalt roof may last as long as 10 to 15 years before needing repairs or replacement, so factor in the age of the roof before you decide to make your offer to the buyer. Find out about the material used to make the roof too, as some are more expensive than others when it comes to replacement. You should also ask for documentation about repair work done on any part of the house, so you have it for future references.
  • How is sewage disposed of in the building? Does the house have a septic tank or is it connected to the local sewage system? You need to be aware of that. A home with a private septic tank needs to be pumped out averagely every 4 to 5 years, so knowing the last time they had it pumped will give you an idea of when you might need to pump it again after you move in.
  • How does the neighborhood look? Buyers sometimes assume that they are only interested in the property since they will be paying for just the house, however, you are buying more than that. You are obtaining the value of the neighborhood too. So you should ask questions about the type of community it is. Do drugs and gangs overrun it? Is the public school system good enough for your kids? Is it too close to the freeway?

Seeking answers to each of these questions will help you to make informed decisions when buying a house.




Categories: Uncategorized  


Posted by Kalstar Realty Services on 3/6/2019

A first-time homebuyer may believe that he or she can submit a "lowball" offer on a residence, even if a house has been available for many weeks or months. However, the risks associated with submitting a subpar proposal are significant, particularly for a homebuyer who wants to purchase a top-notch residence as soon as possible.

Ultimately, a lowball offer may result in an instant "No" from a home seller. Perhaps even worse, the proposal could sour potential negotiations between a homebuyer and home seller and cause a property buyer to miss out on an opportunity to acquire his or her dream residence.

When it comes to buying a house for the first time, there is no need to risk submitting a lowball offer.

Now, let's take a look at three tips to help a first-time homebuyer avoid the temptation to make a lowball proposal.

1. Evaluate a Wide Range of Houses

An informed first-time homebuyer may be better equipped than others to provide a competitive offer to purchase his or her ideal residence.

For example, a homebuyer who assesses a broad range of houses in a particular area can determine a price range for similar residences. Then, if this homebuyer would like to submit an offer on a house, he or she can use housing market data to submit a fair proposal without delay.

With housing market data, a homebuyer can determine whether he or she is operating in a buyer's or seller's market too. That way, this homebuyer can leverage housing market insights to quickly and effortlessly put together a competitive offer on any residence, at any time.

2. Understand Your Finances

Getting pre-approved for a mortgage usually is a great idea for a first-time homebuyer. With a mortgage in hand, this homebuyer will be able map out a homebuying journey based on his or her finances.

To receive pre-approval for a mortgage, a homebuyer will should meet with several banks and credit unions. These lenders can offer details about a variety of mortgage options and help a homebuyer make an informed mortgage decision.

After a homebuyer is pre-approved for a mortgage, he or she can submit an offer on a house and understand exactly how much money is available for a home purchase. As a result, this homebuyer can put his or her best foot forward with an initial offer, thereby reducing the risk of submitting a lowball proposal.

3. Collaborate with a Real Estate Agent

The homebuying journey can be long and complicated, especially for those who are pursuing a house for the first time. Fortunately, a first-time homebuyer can collaborate with a real estate agent to obtain deep housing market insights.

A real estate agent is happy to provide honest, unbiased home offer recommendations. By doing so, this housing market professional can help a first-time homebuyer submit the best offer on a residence – without exception.

Ready to purchase a home for the first time? Use the aforementioned tips, and a first-time homebuyer can avoid the danger of submitting a lowball offer on a residence.




Categories: Uncategorized