3 Ways First-Time Home Buyers Can Find Top Quality Real Estate

By Admin Wednesday July 14, 2021

Going out to buy your first home is a momentous occasion—this is likely an investment that you will stick with you for the rest of your life and make you a lot of money. As it stands, the New York real estate market is red hot for buyers as the pandemic drives down prices—you only have to sit tight until the market rises again. However, whether you intend to live in this home or rent it out—you need to make sure that the house is in tip-top condition to get you your money’s worth, does not demand repairs, and gets you a high resale price.

Keep in mind these following tips to make a solid real estate investment that will definitely generate high returns on investment for you.

1. Speak To As Many Mortgage Brokers As Possible

In this day and age, everyone knows that the US has one of the highest private debt levels in the world. A lot of commentators also say that this level of debt is unsustainable—but the real key is to manage your debt and plan for the future. You should speak with multiple mortgage brokers and pick out a plan that is most suited to your financial plans. Take a look at as many plans as possible and narrow down your ideal mortgage scheme depending on what you find the most convenient.

1. Look At Alternative Options

Never stick to a single prospective home no matter how perfect the first option seems to you. Perhaps there are better homes out there in the market, that you can get at lower prices. Maybe the next house offers something that the first one does not, who knows? The possibilities are endless. Having multiple homes in mind also gives you leverage to bargain for better prices as each seller tries to make a sale before the others.

1. Never Skip A Home Inspection

Nearly 86% of all the homes inspected have some defects that require immediate attention. Most of these defects are in the roof, or the electrical system—along with HVAC issues, gutter problems and window defects. Your seller may not disclose these defects and you’ll have to pay for repairs yourself after finalizing these details. A home inspection report gives you the leverage to bargain for a lower price, and even have the seller pay for these repairs.

If you are interested in buying or selling your home, call up the professional home inspectors over at Clear Sight Inspections. We offer detailed inspection reports for residential real estate transactions in Staten Island, Brooklyn, and Queens, New York.