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Our mission at Mainline360 is to help our friends, clients, and colleagues in any way we can. Whether you’re a buyer, seller, investor, or developer, our team of accomplished Keller Williams professionals are ready and willing to share their expertise about the world of real estate and help guide you through all facets of the sales process. By subscribing to this blog, the market will be at your fingertips and we will be at your service.

Purchasing a Home? Avoid Doing These 6 Things at All Costs

Finding a home can be a daunting process. If you want everything to go smoothly, you should avoid doing these six things at all costs.

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Today I want to talk to you about the six things you should never do when buying a home.

First, don’t shop without an agent. If you’d like, you can start out by looking online at pictures of homes on the market.

This can be a great way to get a lay of the land. But, when you want to become serious about buying a home, you should always get in touch with a quality agent. Your agent is there to turn your dreams of homeownership into reality, and will guide you through every step of the process.

The right professional will assist you in everything from getting your offer accepted to negotiating inspection repairs and more.

Next, don’t meet with just one mortgage lender. After you’ve found your agent, speaking with a lender will be your next step. However, don’t just settle on the first lender you meet.

The paperwork you’ll need will include two years of W-2 forms, two years of tax returns, proof of funds for your down payment, and other documents.

My team and I recommend getting at least three different quotes from three different lenders. This way, you can really understand all of your options and find the best loan for you.

15% of agents believe that offering too little on a property is the biggest mistake an offer could make.
The third thing you should never do when buying a home is understating your budget. Some buyers may be tempted to hide their true budget from their agent, hoping that doing so will prevent them from having to get too close to the top of what they can afford.

However, being deceitful about your price range could cause you to miss out on some great homes.

Fourth, don’t make ridiculously low offers. Everyone wants a good deal, but putting forward an unreasonably low offer could cost you the perfect home. A recent study by showed that 15% of agents believe that offering too little on a property is the biggest mistake an offer could make.

Speaking of money, don’t forget to budget for closing costs. This can be a critical mistake, since these items can really add up. The seller will chip in for some things. However, you will be shouldering most of this cost.

Your lender should be able to provide you with a rough estimate of these costs ahead of time. Though, as a rule, you can estimate that these costs will typically amount to between 2% and 7% of the home purchase.

The sixth and final thing to never do is to make a big purchase before you close. Once you’ve found the right house and had your offer accepted, remember that your loan still needs to go through underwriting before you can obtain a mortgage.

Before your loan goes through, underwriters will check your credit to make sure nothing has changed from the time you were pre-approved. Making big, expensive purchases can leave a dent in your credit. Maxing out your credit card or buying a new car could raise the rate of your loan.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

How Can You Compete as a Buyer With a Home Sale Contingency?

If you want to make your home sale contingency more appealing to sellers, there are three things you can do.

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How can you be a competitive buyer in a seller’s market with a home sale contingency?

By home sale contingency, I mean you need to sell your home and pull the equity out of it in order to purchase your next home.

In a seller’s market, sellers tend to get multiple offers and have the option of reviewing and choosing the best of those offers. The three things sellers care about are money, time, and stress—making as much money as the market will give them in as little time and with as little stress as possible.

A home sale contingency is a big risk for a seller to consider. Therefore, it can add a lot of stress to their decision. There are three things you can do to alleviate this stress and make your offer less of a risk for them.

Sellers care about three things—money, time, and stress.
First, get your house pre-inspected. Have an inspector come to your property, get an inspection report, and make all the necessary repairs listed in that report. Provide that in the offer for the home you wish to purchase.

Second, get an appraisal done on your house. A seller will want to see that the market price you set on your home is in line with the appraised value.

Third, get your house staged, improve its curb appeal, and use professional photography in your offer so the seller can see that the home will sell and close within the time of the contingency.

There are a lot of things to consider in a real estate deal, and we have many expert advisors on our team who would be happy to help you be a competitive buyer with a home sale contingency in today’s market.

If you have any questions, feel free to call or send us an email. We look forward to speaking with you.

How to Get Your Home Sold If You Have a Pet

The good news is, many homebuyers are looking for a pet-friendly home.

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Two out of three of us have a pet, and 61% of pet owners say they have trouble finding a home that is a good match for their pet.

In fact, a recent survey estimates that 31% of animal owners frequently don't put in an offer because a home would not suit their pet.

This means that if your home is a good match for a pet, it will be attractive to a large pool of dedicated animal owners.

On the other hand, 67% of Realtors also estimate that actually having a pet in your home can make it harder for you to sell.

So what can you do? Here are three things I typically recommend:

1. Repair any damage

Floors, walls, doors, the yard — these are some typical areas that pets love to chew, scratch, and dig up.

Repairing this damage is an investment that will pay for itself many times over in terms of a higher selling price.

2. Get a professional to remove pet odors

Many pet owners are less sensitive to odors in their home than prospective buyers will be. 

That's why you should hire a professional cleaning crew to clean any carpets, rugs, or upholstery that have absorbed pet odors.

Once you're done with the cleaning, ask a friend or your Realtor for a sniff assessment to make sure the job is really complete.

3. Take your pet out during showings

Some people are afraid of animals. Others are allergic. And regardless of the time, money, and effort you've put in to clean and repair your home, many buyers will be prejudiced by knowing that a pet currently lives there.

That's why I recommend taking your pet out during showings and also removing any pet objects such as toys, food bowls, or scratching posts.

By following these three simple guidelines, you will be able to sell your home for top dollar, whether the buyer is a pet owner or not.

And in case you have any questions or concerns about preparing your home for a sale, give me a call. I’m here to help.