Caroline Bianchi's Blog
In real estate, cash is power. It’s not exactly the amount of money that you have been approved for by a lender. This type of “cash” is what you can pull directly from your account to buy a property on demand. It can be difficult to compete with cash buyers especially in tight real estate markets. Below, you’ll find some tips to help you match up against any cash offers that you may be competing with when you buy a home.
Make Your Offer Look Attractive As Possible
First, you should always have a pre-approval letter from your lender. This lets sellers know that you’re a qualified buyer. You should also get your lender or realtor (or both) to provide some financial information about you along with your offer. This helps to add to the case that you’re a dependable buyer.
Let Things Move Quickly
If you allow your lender to send an appraiser to the property as quickly as possible, this will give you an advantage in the home buying process. You want to reduce the amount of time that it will take to close on the house. That means you should consider cutting down on both the appraisal and contingency time. You could even consider waiving any contingencies if you feel comfortable.
To speed up the process, even more, you should pre-order an appraisal in advance. You can do this before your offer has even been written. It can be difficult to arrange this, especially with larger scale lenders, but it’s always worth a try. Once the offer is written, the lender can relay to the seller that an appraisal has already been scheduled.
You’ll also want to get the inspection done fairly quickly. You only have a short window of time to get the inspection done. The quicker you get this done, the more serious of a buyer you appear to be. You should have the inspector who you’ll use ready before you even put an offer in on a home in order to expedite this part of the process. Usually, inspectors don’t take terribly long to schedule appointments knowing that their clients have short windows to get inspections done.
Make A Strong Offer
Making a good offer could mean paying extra for a home you love in order to compete with cash offers. Spending more money helps to win. Here’s why: Sellers almost always will give a cash buyer a bit more of a discount since they’ll be getting all of the funds up front. If you love the house and plan to live in it for years to come, the extra money you spend will be well worth it.
Write An Offer Letter
An offer letter adds a bit of a personal touch to the number you put down as a buyer. Here, you can tell the seller who you are and why you love the home. It can be emotional to sell a property, but a seller will feel more comfortable knowing that the home is going to someone who will appreciate it.
When looking at new homes, home buyers with high expectations can sometimes feel disappointed with their options. In a world where wood paneling, blue bathtubs, and wallpaper in every room have been popular trends it can feel like a lot of houses on the market are eyesores.
An important factor to keep in mind, however, is what parts of the home are merely cosmetic and which are structurally important. If a home is in a neighborhood you love with all the structurally important systems in excellent shape you can still add it to the top of your list. Poor design choices, or lack thereof, can always be changed down the line.
If you were hoping for a home with lots of character and detail but the neighborhoods you love are filled with ranches and builder grade homes don’t despair. There are plenty of style upgrades you can DIY yourself to give your home the luxe look you’re looking for.
Ready to make a dramatic first impression? Wow guests with just a few of these simple upgrades.
If your entrance opens up to a staircase you can create a drastic difference with just a small change. The newel post, that is the first main post of the stair railing, can be swapped out for something more ornate and classic. With plenty of options ranging from boxy posts with molding to something sleek topped with an ornate finial ball. Add more drama by choosing a contrasting color for the finial, newel cap, and railing from the main post and spindles.
A large mirror placed in an entrance or along the length of a hallway never fails to make a statement. Place a pier mirror between windows to create more light and dimension to the room. Create a built-in look by adding molding and wainscotting painted to match the trim of the room.
Add elegance by installing a ceiling medallion. Not just for the foyer they are also a great detail to add to your dining room, guest bedroom or home office. With a wide selection at your fingertips, you can pair one with a chandelier for a chic look or for a more modern flair coupled with a contemporary style pendant light.
For a truly classic look wall trim instantly makes any room look more luxe. Keep it simple with box shapes or opt for an art deco touch with more geometric shapes. Paired with other vintage elements wall trim brings a sense of refinement. If you’re aiming for a more effortless yet modern theme pair with a mix of mid-century modern and minimalist pieces.
When house shopping keeping an open mind as to what can be changed and what is imperative for a safe home makes all the difference in your shopping experience. Print out pictures for inspiration or create a board on Pinterest to keep the ideas flowing. As you look at each new house keep in mind how you can easily add these elements to create a more luxurious home with a quick weekend project.
Ready to take your home to the next level? Here are upscale tech upgrades to make your home smarter than a Furby, cooler than drone and safer than Gringott’s. That last one might seem like a stretch but if three kids could break in how locked down was it really? Anyways,
The Dyson 360 Eye is an upgraded Roomba. It can be scheduled and operated by phone your phone from anywhere. Which means if you have an impromptu dinner party or the In-Laws are planning to stop by you can start cleaning with a quick tap of your finger. Or you can just set a schedule for it to run a few times a week while you’re at work so you come home to a tidy room.
August Smart Lock is a keyless lock for your home. Instead use your phone as a key which, let’s be honest you always have on you. The best part, however, is that you don’t need to replace your lock and you can still use your key at any time. You can double check to make sure your door is locked and closed on those harried days rushing the kids to the car. entry to home and control who enters home
Upgrade to a curved tv. The curve may seem unusual but it allows for better view no matter where you are in the room. When sitting directly in front of the tv you have the illusion of a wider viewing range as it mimics the curve of our natural sight. Create an immersive experience paired up with a surround sound system.
The Thermasol Microtouch brings the “smart” experience to your shower. Program your preferred settings to have the perfect shower every time. With a heat sensor, you can control the steam shower temperature. And of course, the device comes in several styles and finishes to match the existing hardware in your bathroom
The Dyson 360 Eye is pretty cool but what if you could have a smart lawn mower? Well, the team at Worx built the Landroid just for you. Program the cut height, lawn terrain and even to go back “home” when it’s about to rain. No more running to the gas station to fill up a jug, the Landroid runs off of electricity. It also has safety features to turn off if tipped and pin code access only if stolen.
Upgrade your home tech to upgrade your lifestyle. Spend more time with your family and doing the things you love instead of maintaining your home. Ensure your home is secure and locked up tight for those days you don’t even remember the ride to work. And create a luxury view experience for your home family.
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