Buying a new house can be tough for many individuals who must trade in a sizeable chunk of their savings in return for a piece of property to call home. Deciding to purchase a new house is just the tip of the iceberg as the entire process from start to finish can be both mentally and financially draining. However, there is no need to feel down as the government, banks and even realtors provide prospective new home buyers with various discounts and rebates to help them in transitioning from their old house to their newer one. Individuals should look into the following suggestions if they wish to save on the purchase of their new house;
Loans and Mortgages
Don’t have the financial muscle to pay for a new house yet? Getting a promotion soon? Well, then you should look at securing a loan or mortgage to pay for your house upfront. However, securing a home loan from a bank is not an easy process as you need to have a good credit history and income stream to be considered for a loan. If you meet the above criteria, then you should go ahead and apply for a loan to take a step toward buying your dream house.
Down Payment Assistance Programs
Many state controlled government departments along with local homeowners’ programs offer various types of financing services to home buyers in order to assist them in making a sizable down payment when they purchase a house. If you are a new home owner, some banks might also offer lower interest rates on loans and mortgages and may even negotiate a smaller down payment to the seller on your behalf if you meet their eligibility criteria.
Home Buyer Rebate
Thanks to the proliferation of the housing market, many realtors have started offering incentives to customers in order to secure business from them on a long term basis. Nowadays, some real estate agents offer up to 50% in commission refund to their clients which customers can use towards covering their closing costs or to finance renovations in their new house.
If you happen to be a first time home buyer, then you can also apply for different programs which can save you from paying taxes in the foreseeable future if you meet the desired criteria. Government institutions in some states also grant a tax rebate to first time homebuyers in order to promote selling and buying of property to keep the industry going.
In the market for a new house out in the suburbs? Tough luck looking for buyers who might be interested in buying your house off your hands? Well, that’s what a real estate agent is for. Looking for a new house can be a tough task especially if you are a buying a house for the first time in your life or are relocating to a location which you do not know much about. People often run into a lot of complications while they are out house hunting, ranging from issues related to contracts and terms of sale to simply not being able to devote their time to such matters due to work commitments. Thus, hiring a good real estate agent should be the first step as it can help you make the best decision.
They Talk from Experience
Real estate agents are individuals who know the property business inside out. They are experienced individuals who are in contact with everything and everyone who has some connection to matters related to selling and buying of property. Hiring a real estate agent is the preferred way to go about things and which people normally opt for in order to ensure a smooth buying and selling process. The knowledge of realtors regarding the prices of houses, current market conditions and the locality help them guide you to choose from the properties which best suit your needs.
What makes a good real estate agent is derived through their ability to negotiate a deal which is in the best interest of their clients. In the real estate business, negotiating a good deal can go a long way in satisfying the client and give rise to a long term relationship between the two leading to more business for the agent in the future as a result. Many real estate agents also offer clients with a home buyer rebate from their commission which customers can put toward paying the closing costs attached with purchasing a property.
Last but not least; real estate agents can rid you of reading the entirety of the purchase agreements which are normally more than 10 pages long along with other statements of disclosures which are a compulsory requirement for those looking to buy a property. In this way, real estate agents guide you in order to ensure that you do not end up paying a legal fee for not abiding by the terms mentioned.
Over the past few years, the housing industry in the United States has undergone some peaks and blips due to various fluctuations affecting the country’s economic activity. Such trends have resulted in exorbitant prices being charged for a house which detracts many prospective first time home buyers. Thus, buying a house is considered a big achievement if you are living in the US. For those looking to settle into a new house for the first time, it can be a very daunting task. One should seek professional help and hire the best real estate agent to guide them to saving their hard earned money through different add-on services.
Your Best Bet to Cover your Closing Costs
Buying a new house comes with a lot of costs which the buyer needs to fork out in order to secure their new purchase. Closing costs come along to spoil the party as soon as you think you are done with emptying your pockets. Documentation costs, inspection fees, home insurance cost and other closing costs can manage to strip you of significant cash by the time you actually settle into your new house.
A home buyer rebate can go a long way in helping you pay off these closing costs for no additional expense. The commission refund offered to you by your agent as cash back from their commission fees can be repurposed with accomplishing this task without you having to look to your savings to do so.
Something Extra to Take with Yourself into your New Home
Nothing feels better than saving money where others are not able to. A home buyer rebate serves the purpose of giving you a discount on the purchase of your new house to make you feel like the valued customer you are. By sacrificing a portion of their commission, real estate agents try their best to satisfy their customers in anticipation of future business the customer might provide them with.
This bonus money can also be put toward buying that expensive painting you have been looking to buy for your lounge or for buying that new car for you to commute in daily from the country side to the city. This commission refund gives you the leeway to improve yourself and your house in a way you had not thought possible before making the purchase.
Real estate is a field that is rapidly enhancing its promotional and marketing appeal by utilizing the innovation provided by virtual reality and 3D marketing tools. Their ever-evolving assortments of technology are reshaping the way people look at reality estate listings, and this has made it increasingly competitive. The top tier of the real estate agents have started relying on 3D virtual reality tools and photography because they understand and realize that the newer generation of homeowners are mostly Millennials, who will not be impressed by run-of-the-mill 2D photography and DIY videos made with shaky mobile phone cameras.
The buyers and sellers of today expect great things from everything presented to them, and that includes the properties they are interested in. The immersive experiences provided by the 3D tools and aerial photography by the Pro Camera, immersive spaces, schematic floor plans and cloud hosting are just some of the Matterport products that have reshaped the way clients see a piece of real estate and realize its potential and a clear understanding of it in real-time. In this new age, real estate agents need every tool at their disposal to lure in the Millennials, who are making 35% of the home selling and buying decisions.
Leveraging the virtual reality technology for increasing engagement and delivering immersive online as well as offline experiences efficiently, is enough to attract the tech-savvy clients of today’s real estate market. Another reason why they are becoming integrated into the world of real estate is because of their affordability. These next-generation tools are reshaping the way people view and experience a home listing and its cost-effectiveness has allowed several top-tier agencies to provide 3D walkthroughs through the advanced presentation of virtual reality. Such an engaging tool allows a home to sell faster and at a better rate, resulting in customer satisfaction is reaching record heights.
The real estate agencies faced the challenge of meeting clients’ demands of providing tech-savvy, mobile-ready and interactive solution for home viewing, and the professionals were expected to meet the demands of the Millennials with a quick solution. The VR mobile and web tools became one of the most extensive real estate trends of 2016. The increasing interest of buyers and sellers in the 3D virtual reality tools fueled the technology sector to find innovative solutions for realtors all over the world.
Aerial photography, 3D tours, walkthroughs, and virtual tours were considered experimental, but now, they are sweeping the clients off their feet. They are reshaping the real estate world by emotionally engaging clients and improving their presentation perception. It gives them a sense of where a scene is located, with respect to other parts of the property. This allows them to measure spaces, annotate points in the 3D space and observe a photorealistic experience of a property, while the 3D technology gives the viewer a sense of being physically present at the property site. This has allowed several real estate agents and agencies to create remarkable and outstanding listings, and visual presentations that have made them stand out among their competitors.
All in all, a 3D virtual reality based property marketing program exposes a real estate entity to the new generation by compelling, impressive and competitive properly listing, and 3D viewings that will truly set them apart.