Buying a home is an incredibly exciting and impactful undertaking for everyone from first-timers to retirees. Unfortunately, that excitement tends to blind people to the realities of their situation, resulting in mistakes that can have serious financial consequences. While first-time buyers are most prone to these errors, anyone can fall victim to them if they are swept up in the home buying process. To avoid these pitfalls, here are 4 questions that you must know the answers to before buying a home.
Buying a house during the time of Covid-19 has modified the way we look at buying a house. It can be a strange and oftentimes confusing process in general but things are different now. Most people are used to spending a couple Saturday and Sunday’s driving from house to house to see what each property looks like up close. Now open houses and tours of homes can be virtually and with little or no contact with anyone. With the internet you can look at an array of homes from your own kitchen table. While you can use these tools to narrow down a search, if you find a home you really like then it may be possible to reach out to the real estate agent for a personal look either virtually or in person with proper precautions taken. With the market being as up and down as it is you also have to be quite alert and on top of things to have a chance to buy your "dream home".
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Increasing extreme weather conditions this summer means you may have to think more about being prepared for changing weather conditions. Knowing whether or not your home lies within an area that is prone to flooding is important information that you need to consider before you make a purchase as big as a new home. There is always a certain amount of risk when you choose where to live and there are things you can do to make sure that you have your bases covered before you choose to buy a property. Home insurance, with the addition of certain policies, can be purchased to protect your home in the event of a natural disaster and you should always carry the best policy that you can so that you are protected.
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.