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Tips For a Successful Real Estate Transaction

Real Estate is an ever-evolving industry, and it has caused much excitement in the past several years. If you are a current homeowner looking to purchase another home or investment property or a first-time homebuyer, it is important for you to stay informed about the latest trends and developments in the market. Below, see a few tips that may be of value to you to help you make an informed decision when purchasing or selling real estate.

  1. Take a look back. Look at past trends, to see what has been happening in the market. Identify neighborhoods or areas of town that have experienced significant increases in price (or decreases) over the past several years. This will give you an idea of which areas are likely to continue to see home value increases (or decreases).

  2. Research the market. Take some time to do your research, look at the market in the areas that you are interested in. Calculate (along with your lender) how much you can afford to spend on a new home and compare it to current listings in your chosen area. This will give you an idea of what to expect when you begin shopping.

  3. Know your finances. Before you start searching for a home, it is imperative to know where you are financially. Make sure to budget for closing costs, inspections, appraisal, future maintenance costs, and property taxes. Preparation can help you to not overextend yourself financially.

Real Estate can be a great investment, and a great beginning to building generational wealth, but it takes careful thought and consideration. At the end of the day, you want to be sure you're making the right decision for you and your family by purchasing a property that meets the needs of you and your family.

Last, but certainly not least call me, Linda Golden @260.494.0368

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