Real Estate Transactions Actually Take a Lot of Time
Property is considered sold only when a purchase contract is signed, escrow is open and funds are wired into the seller’s account. In other words, home buying doesn’t happen overnight …usually.
Property is considered sold only when a purchase contract is signed, escrow is open and funds are wired into the seller’s account. In other words, home buying doesn’t happen overnight …usually. Property Sales Can Get Godawfully Expensive
The standard down payment for a conventional home loan is 20%, but that’s before moving costs, home inspections, settlement fees and other miscellaneous expenses.
The standard down payment for a conventional home loan is 20%, but that’s before moving costs, home inspections, settlement fees and other miscellaneous expenses. Home Prices For Sale Ranges Are Ripe For B.S.
Charlotte must have some kind of special deal with HGTV.
Charlotte must have some kind of special deal with HGTV. It Takes Months to Find the Perfect Property
Even buyers with unlimited budgets and a network of agents, brokers, appraisers and inspectors can lose out to a cash buyer.
Property Renovations Actually Take Careful, Attentive Coordination
Though HGTV, history and other shows tend to showcase small renovations, the truth is that the impact of these repairs is usually incalculable. When it comes to installing light fixtures and cabinets, small mistakes can have big consequences.
Although small home repairs may not be too difficult, you should definitely hire pros to take care of them. You should also hire a contractor for larger remodels. HGTV’s homes aren’t designed to be edited and fixed before they are broadcast. While they show you what wonderful projects the owners went through to create a beautiful home, they gloss over the boring bits.
The reality is that every project has its share of problems and detours. Remodeling is not a process that happens overnight. But, if you want a quote for cost-effective renovations that fits into your budget, you can also book a one-hour repair & maintenance service in your neighbourhood from Love Doctor.
We take pride in our work and apply this in each service we deliver. Check out our 5-star rating on Trustpilot.
It's Not So Easy to Find and Purchase Properties Where the Numbers Work
Anyone who buys and sell properties is selling more than just the property: they are selling some of their dreams.
Whenever you buy a particular property, of course, you want the overall experience to be swift, smooth, and successful.
Online houses listing sites are great, but you need to go further than these.
If you want to purchase a property, total transparency and honesty are essential, and the best people to provide this is your agent.
This way you can successfully find and purchase some of your property dreams.
You Need Capital
One of the biggest benefits of having a home is that you can claim it as your own for the entirety of your life. Because of this fact, most people make it their primary goal in life to eventually purchase their own home. However, many people without the financial means to purchase a home find average people who are willing to sell.
Because the cost of getting a mortgage is so high, many buyers cannot afford to purchase a home without additional funds. These stateless persons who have not yet bought a home can sometimes be found on the internet, depending on how large the home is.
You Can't Just Knock Down
When showcasing how to improve a home, HGTV typically shows ways to increase square footage. But HGTV builders have the advantage of knowing exactly what is behind the walls.
They have space to work with and don’t need to make the important decision of whether or not to tear out existing walls.
They also have the advantage of being able to hire professional contractors to help them make changes.
Don’t worry, we’re not going to try and convince you to be a professional builder in your bathroom remodel.
But if you’re planning on knocking out the wall between your newly renovated kitchen and dining area, there is a much more to consider than just how it will look.
While it may be desirable to knock out a wall, it’s likely that it’s for a reason.
Let’s take that wall in your kitchen. It may just have been included in the original design with nothing behind it. However, it could also be supporting the roof.
Before you allow a crew to remove it, you should go ahead and have it inspected by a professional.
Smart tip: if you’re going to make a family area more open, it’s always good to have adequate lighting.
You Can't Spend Money Willy-Nilly on Improvements
In the world of TV, there are two things that don’t seem to have much value: knowledge and relationships. Yes, neighbors, contractors, and Realtors are all great at their jobs, but the real gem is that family that hasn't learned anything and expects that everything should be handed to them … free.
If the family was serious about the purchase of their new manor, they would put the time in and bring in professionals to appraise the property. They would also be a little more discriminating on who they would invite into their home. Even a casual inspection by an experienced professional would unearth the problems that these families use to justify their rampant spending.
In the world of TV, no one is held accountable for their actions. They just throw money at problems and expect happiness to follow. Even at the best of times, real estate is an investment. You can be deceived by love and always end up paying for it in the end.
You're Not Going to Sell Quickly and Get Top Dollar
If you want to Buy a new home, there are many things that people aren’t telling you.
It Sure Is Not Real Life
Ever watch HGTV while flipping channels and wonder why the houses shown on those real estate reality TV shows look nothing like your own? Every now and again you may see someone selling or buying a home that looks a little similar to yours.
But overall the houses shown have lot sizes and square footage that are unbelievable. Likewise, the amount of people coming through with their written offers is often unrealistic.
Below are a few of the things that HGTV real estate shows, like Fixer Upper, Property Brothers, and Flip or Flop, typically do not show you.
Those Homes Are Often Staged
Sometimes there are separate rooms all designed for TV purposes. Even window treatments may be removed and reapplied. The idea is that the buyer/seller would have plenty to work with to get it back to its original state.
The Things that Only the Seller Can Fix
On the flip side, there can be problems with the sale that can’t be fixed. This may not be reflected on the video or you may not know about it until after you move in. Put yourself in the seller’s position and consider if it’s worth it.
Be aware of the likelihood of your home being selected and your chances of getting a purchase offer. You may end up prepping and painting your home without a buyer in sight.