Well, there are many reasons this works for buyers, and when you get into the meat of the home sale dilemma, it may well be that selling fast and dodging a realtors commission in the process is the right option for you.
Why would someone want to sell their home now? Well, let us say you inherited a home from a relative, and it needs some real tender loving care to make it worth a good price. You could put the hours and days and weeks of work into it that it might need perhaps a new roof, or replace the floorboards but that is a lot of effort, and an investment of your own money, to get a sale price that you HOPE is going to be better than average.
Another reason might be that you are having financial difficulties perhaps you locked into a mortgage that had a nice adjustable rate that, after five years, kicks back into a rate that is not so easy for you to handle. So what do you do? Sell up? But that can take six months or more, and you have to give a real estate agent 6% or more, and let us face it all you want is enough to settle the mortgage and make a little profit. So why not sell now?
People have plenty of reason to sell quickly maybe they lost a good job and are having trouble finding a new one at the same pay-rate. Or maybe there was a divorce and both parties need to sell to split the proceeds. Or perhaps the housing market is looking perilous, like it might just collapse at any time, leaving you owing a fortune on a home that is not worth squat.
Sometimes people choose to sell fast, not out of peril, but out of opportunity. For example, let us say you found a new home that you fell in love with, and the price is great, and the neighborhood is coming up, and you have to do the paperwork in a months time are you really confident that you can sell your home in that time? Can you carry two mortgages while you wait for the right price, or would it be better to just sell as is now?
Anticipation is more than half the fun as your wedding day draws nearer and nearer. For sure, the preparations have been underway long before. The final exchange of ?I dos? will be the final cap.
But wait: where do you spend the honeymoon? And more importantly, where do you go home to after the honeymoon?
Sorting through the buying decision before the wedding
The questions never seem to end. Do we get an apartment? Do we crash with in-laws? No to both these foregoing questions? Then, do we buy our own house? If we do, do we buy before the wedding or after? Will it be cash or installment?
The tame of heart will say it will be too much to absorb all that budgeting stress. The costs for the wedding alone will be substantial. Adding the cost of buying a new house, even the initial payment for a mortgage, will be torture at the most, if not nightmarish at the least.
The more courageous, and more financially capable, however, will say that it will make absolutely better sense to have their own house to go home to after the wedding and the honeymoon. The homemaking and family-building process can start immediately without the hassle of trying to find a new abode for the young marriage.
The basics of buying
If you decided to buy that dream house before you tie the knot, there are a number of considerations and preparations to consider.
You should decide on the type of house you will buy. The style, the design, the total build of the house should be a decision you and your spouse jointly make. Remember, if a good marriage is to last, the home must last likewise.
The couple will need to consider the neighborhood where they want to reside in the long term. This neighborhood will not only be where they will establish new relationships with neighbors and newfound friends, but this will be the same neighborhood they will be raising their kids in, the same one they will invite relatives and colleagues to visit regularly.
Check out the peace and order situation. You and your spouse can cruise along the neighborhood on busy days, or even on weekends to get a feel of the hubbub in the area.
Consider the utilities and amenities available in the area. Water, electricity, transportation, communication, and other public utilities ought to be readily available. Recreation, education, and others will also have to be within easy access to the newly-wed homeowner.
The price is another basic consideration. Not only should it consider the capacities of each of the spouses, but in case of a medium- or long-term mortgage, the projected family size, and accordingly expenses, will need to be factored in.
Then again, like celebrity couples, determining final title to ownership of the property will have a bearing on the buying process and terms. Clarifying ownership or possible division of ownership in case of death or divorce should be made early on. This will help determine the amount of financial contribution each spouse will bring into the purchase.
So is it an easy process? Not really, but one that has to be gone through, if ever you decide to buy a home before finally tying the knot.
Both Kris Koonar & Joe Cline are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Kris Koonar has sinced written about articles on various topics from Site Promotion, Certified Public Accountants and Culture and Society. We will buy your house As Is Now in any condition including Ugly Homes. If you need to Orlando, Jacksonville, Atlanta, Charlotte, Cincinnati, For Lauderda. Kris Koonar's top article generates over 550000 views. to your Favourites.
Joe Cline has sinced written about articles on various topics from Home Based Business, Education Toys and Pets. About the Author: Joe Cline writes articles for . Other articles written by the author related to. Joe Cline's top article generates over 5000000 views. to your Favourites.