10 Common Sense Real Estate Rules for Buying a Home

Reblogger Sharon Alters
Real Estate Agent with Coldwell Banker Vanguard Realty

Our friend Gary Waters who lives down in Brevard County has written a fabulous post on 10 Common Sense Rules for Buying a Home. The one we take exception to is #4 since up here in Gator Country, that can be considered a deal maker :)

The below rules for buying a home is not an all-inclusive list of things to know when buying or selling a home.  Your real estate agent has the complete list - call him or her!

10.  The better the view, the higher the price.  It does not matter what the view consists of specifically (water, preservation area, ocean, pond, etc.).   When it comes to condos add this as well "The higher the floor, the higher the price. "

9.    "As is" does not always mean "as is."   Sellers will sometimes negotiate off a price, make some repairs, or give a monetary concession rather than find another buyer and start all over again.

8.    Gated does not mean secure unless you have a guard on duty.  Having a gate gives a homeowner a nice warm feeling but people can still get into your community.  If you have a manned gate 24 hour a day and perhaps even a patrol then I would suggest you are somewhat more secure.

7.    The outside of the house is almost an indicator of how well the inside is (or is not) maintained.  If the yard is neglected, paint is fading, plants are dead...likely the inside will be neglected as well!

6.    Golf course direct is more expensive than "in golf course community."  If you have a home on or near the green or fairway you will pay more than if it is on the other side of the street in the same community.

5.    A new coat of paint will not change the zip code.  Check the crime statistics.  Check out the school performance.  The house may look great but it is still location, location, location!

4.    Orange and blue will not sell a house except to a Florida Gator fan.  Or garnet and gold or any other school's colors.  Beige, neutral, non-personal sells. 

3.    Some words are the kiss of death.  You have read them all...cozy, cute, TLC, fixer upper, compact, charmer, etc.  Properties are best described by using facts only.

2.    The price is low for a reason.  People do not sell very many things including a house for a significant discount.  There is always a reason for the low price and it is usually because of condition, location, poor view, etc.

1.    Do not believe everything you read - period.  The title said there were 10 common sense rules for buying a home here, didn't it?

 

Buying or selling a home or condo in Brevard County, Florida?  Email me -  I Can Help!

 

Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

www.moving2brevard.com

 

 

 

 

Read my blogs Florida Homes for Sale Moving to Brevard County, Florida, and  Brevard County Florida Real Estate Information.

 

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Great points for buyers to review here at 10 Common Sense Real Estate Rules for Buying a Home.

August 06, 2012 06:59 PM
Rainmaker
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Joe Petrowsky
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Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709

Pretty funny, some of these items, you just can't make up. I'm sure some would get inspired to buy, for each of these reasons, well maybe not.

August 07, 2012 03:42 AM
Rainmaker
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Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
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Waters Realty of Brevard, LLC

Sharon - Thanks for the re-post of this post. It was, in 600+ posts, the most commented on and the quickest to write. 

August 07, 2012 05:02 AM
Rainmaker
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Gina Tufano
Ask Gina & Company, Northern Virginia Real Estate
Ask Gina & Company with Keller Williams Realty Loudoun Gateway

Sharon - Excellent blog, very well written. I like #5. In the past, I've had a few clients make too many upgrades for their zip code. Being the absolute best house on the block doesn't mean you can get the biggest bang for your buck! Always seek a local realtor's advice before buying, selling, or making large upgrades to a home.

August 07, 2012 08:50 AM
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