5 Things You Should Research Before Buying Homes for Sale

Following years of slow sales and quiet prices, things are finally looking good for the U.S. housing market. Price inflation jumped by 4.7 percent in 2014 and is expected to rise to around 6.5 percent in 2015. New constructions and sales of existing homes are also witnessing steady increases lately. With that in mind, here are the five most important things to research before you buy that home for sale.

1. Research about the Neighborhood

If you are truly attracted to a potential property, you should go online and research about it. Look into demographics and population statistics; you might also want to check on local developments and events. You can always pay a visit to local community sites and blogs to get a better idea of how locals feel about their city or town.

2. Pay attention to Crime Rate

Even if you're moving to a comparatively safe suburb, it's always a good idea to look into local crimes. Perhaps the town has a problem with illegal drugs or acts of vandalism that are unreported in the local news. There are several websites that freely give out Crime statistics for any particular area that you wish to know; this can give you a much broader picture of how the town deals with illegal activity.

3. Check the Schools

It makes a lot of sense to buy home in a good school district, even if you don't have kids. As a thumb-rule homes for sale in bad school districts are usually difficult to sell. As a result, they often have lower resale values than homes with access to better schools. To protect your investment, make sure you look into local academics before arriving on a decision.

4. Visit at Different Times of Day

Most homeowners and their real estate agents will habitually prefer to show homes during the day, when things are quiet in the neighborhood. But what happens thereafter? Is the neighborhood as silent as it is during working hours? This is exactly why you need to make sure - visit the home & neighborhood at different/multiple times of the day. This will give you a better idea of what it is like living in the neighborhood and more importantly, it will help you to make an informed decision.

5. Get Inspection Done

If you're thinking about buying an existing home, chances are it has issues/fixes that need to be taken care off. From a leaky roof to a crack in the foundation to mold in the cellar, problems should be known before you make an offer on homes for sale. A qualified home inspector is a priceless resource for both buyers and sellers. Home Inspector will make a thorough list of all existing and would-be problems. And if repairs are needed, the inspector can even make a rough estimate of the cost that will be incurred. The two parties thereafter can then negotiate a fair price based on this new information. As the buyer, you should always insist on a third-party inspector who can examine the property for possible problems without taking sides.

Whether you are a first-time buyer or a real estate pro, make sure to check on these simple tips to get great deals while buying homes for sale.

Whether you are purchasing an oceanfront property, investment property, a vacation home, or a full-time residence, Imperial Real Estate Group can help you make an informed decision by taking the time to understand why you are buying and what features are most important to you. Write to us at - info@irgmiami.com or give us a call to find the home of your dream - 305-331-9192