Too Scared To Buy A Home In Ascension Parish

There are 5 top fears that home buyers have when buying a home that can cripple them from even making a home purchase at all. I will cover some of the biggest fears that home buyers face and show you how to overcome those home purchasing fears so you won’t be too scared to buy a home. These are the top Five Home Buying Fears we will cover:

Fear Of Value Loss

If you saw the collapsing home values of 2007-2009 you saw many families and homes that go into foreclosure making homes in neighborhoods plummet as fast as they went up in value, in some areas it went lower than the boom and took years to recover, so the fear of losing value in your home is real.

So how do you combat this fear, When working with clients that have this fear I ask them to pick a home they like in their budget, this doesn’t have to be the exact home they are  purchasing just one can use as an example, and I make a full report showing them the properties value since the big housing crisis of 2007 where the home value dipped and what the home value is now, In our area of Baton Rouge it’s clear to see that anyone who bought a home during that time and was able to hold on to it since then has gained a significant amount of money and this hold true for many other areas around the country.

You can ask your real estate professional for reports like these on any home you are interested in so you know you are making a smart financial decision.

➡️The 5 Home Buying Fears Covered In The Video Time Stamps

➡️Fear Of Value Loss0:52

➡️Fear Of Buying a Money Suck2:51

➡️Fear of Buying When You Could Get a Better Deal5:01

➡️Fear Of Mortgages & Mortgage Payments- 6:28

➡️Fear of Buying Won’t Be As Safe As Renting- 7:52

Fear Of Buying a Money Suck

Some people see shows on HGTV of buying a great foreclosure or auction home and flipping into a home o6f their dreams but that’s after the investors sunk into a whole lot of money with unforeseen issues prior to purchasing the home. Getting a great deal on a home usually means you will be purchasing a fixer-upper in one-way shape or form. Whether it’s just some new paint and carpet or adding a new roof and fixing foundation issues.

If you are thinking of purchasing a home like this but are scared of the costs there are few things you must do prior to signing on the dotted line,

1. Make sure you have at least a 10 day inspection period so you will have enough time for the next two things I am going to tell you will need to do.

2. Hire an inspector to go through the home with a fine tooth comb have them review the report with you at the property so you can see for yourself the issues they found,

3. Find a couple of very good general contractors with lots of reviews and previous customers and have them meet you at the property to give you an estimate of the cost of repairs. ( Don’t go cheap with your contractor sometimes cheap contractors equals cheap looking work)

h4. once you have your bids in hand estimate an extra 10% for unforeseen issues or problems that might pop up.)

Fear of Buying When You Could Get a Better Deal-

This is one that has crippled some buyers. Years ago I worked with a couple who would go from house to house putting in purchase agreements well below asking price hoping that the sellers would take their offer.  8 months and 14 purchase offers later they got stuck in a situation that forced them to buy a brand new home they weren’t really happy with but since their rental lease was up and the landlord was unwilling to extend there lease they had to buy “something” all the other homes they had lowballed were long gone.

I know everyone wants a deal, this is a great time to really have deep conversations with your real estate agent about the homes comparable value to others in the neighborhood. If the market is super hot you are most likely not going to be getting a lowball offer accepted but if you are in a market that sellers are willing to negotiate that it doesn’t hurt to test the waters. When you make an offer that’s below market value write in the offer how you came up with the sales price for the house, explain in great detail why you feel its worth that amount and not what the asking price is. I have used this to get offers accepted by sellers in the past even including repair estimates from companies to support the offer.

Fear Of Mortgages & Mortgage Payments-

Everyone has heard horror stories of people getting in way over there head and bought home that made them “house poor” where the homeowners could purchase the house and not much more than make house payments, or you may have heard about a mortgage package that could have saved you on making a large down payment after they have already purchased a home. Before you have mortgage remorse be sure to meet with several mortgage lenders and discuss all the loan packages that will fit not only for your best interest rates but also your monthly budget as well, make sure you factor in regular maintenance costs of your future home also renewals on termite contracts, HOA fees and extensions to home warranties if you chose to.

Fear of Buying won’t be as safe as renting-

Every housing market is different when it comes to the cost of renting in comparison to owning. Buying wins hands down here in Ascension Parish. Currently, you can buy a 3 bedroom 2 bathroom, 1300 square ft home for about $180,000 that’s less than 10 years old.

Mortgage Monthly cost maximum loan Mortgage amount

180,000$ Interest rate (%) 4.5 ,Mortgage period 30 (years)

Monthly payments

$912, taxes 900 a year, and insurance is about 800 a year= estimated at $1054.00

Now for comparison you take that house you would pay $1350 a month in rent, never gain equity over the years and your rent always goes up as a mortgage payment always stays the same.

🔴If you’d like some more tips on buying your next home check out my buying a home playlist here. https://bit.ly/2sw5Pu1

🔴If you don’t want to miss any tips on buying and selling your home so you don’t leave money on the table at a closing time click here https://bit.ly/2sHfDRr

🏡To look for properties in the Baton Rouge and Ascension Parish area click here: https://goo.gl/Pfi9W9

🌎To read my blog visit yourrealestatewhisperer.com

CONTACT INFO: kristina.smallhorn@exprealty.com,info@yourrealestatewhisperer.com eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817 225-246-1812,Office (225) 412-9982 ext# 149 Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918

Buying A Home (Advantages Of Buying An Ugly House In Baton Rouge)

Buying a home can really get some buyers let down with their limited budget. A home buyers only option may be to buy a home that’s, well, unattractive. But there are many advantages to buying an ugly house. In this video, I will cover those advantages buying an ugly house for the first time and even though it may not be a gem now you may be laughing all the way to the bank in a few years when the ugly home becomes the best gem on the block.

 

For referrals of TOP agents near you please email me directly at info@yourrealestatewhisperer.com

👀If you’d like to watch more videos 📹about buying a home🏡, here is a very useful playlist: https://www.youtube.com/playlist?list=PLL2NpJzFd3bsErmLFniI8wy2jC1309S9J

🌎 Visit my blog to read more buying and selling a home tips: yourrealestatewhisperer.com

🏡To search for homes in the Baton Rouge and Ascension Parish Area:

https://bit.ly/2OdQw1s

👍🏻If you don’t want to miss important tips real estate tips, please consider subscribing https://bit.ly/2MEztWK

📨If you have any questions about buying and selling your home feel free to reach out to me at by email or any respectable time by phone📱. All my contact information is listed below.

👚To Get #YREW Merch https://shop.spreadshirt.com/yrew-merch

Other resources for this video,

🌎https://www.rochesterrealestateblog.com/purchase-renovate-fixer-upper/?fbclid=IwAR218i5tYqbE7jUpvCC2ZgISCvQvhpE2M7uRUq9ximuYYGGLKlp44ZWKWhs

🌎https://frederickrealestateonline.com/considering-fixer-upper-figure-real-cost/?fbclid=IwAR3m_o41f3oZIDSezHg5azZKUSApb8VFWGI2jMd7wmIODxHckDbvFJICST8#.XALjMxNKjOQ

My name is Kristina Smallhorn, Your Real Estate Whisperer and I tell you all this “Because YOU Matter”

Cell 225-246-1812

EXP REALTY, LLC

2900 Westfork Dr.

Baton Rouge, LA 70827

225-412-9982 ext 149

info@YourRealEstateWhisperer.com, kristina.smallhorn@exprealty.com

yourrealestatewhisperer.com

Kristina Is a Licensed Realtor® with The Greater Baton Rouge Board of Realtors@ in the State of Louisiana. License #0912122918

Home Buying Detective

It’s Take A Tip Tuesday! Do you know how to be a home buying detective? I have told you in previous videos that are ways for a home buyer to do their own due diligence when buying a home. But what does that really mean to you as a buyer buying a home in an area that you have had your eye on? In this video, I will be showing you how to be a home buying detective and find out all the things you need to know before you sign a purchase contract when buying a home.

🕵🏽‍♂️Look at the tax records online! This is a great way to know how much the sellers purchased the home for. In Ascension Parish, you can even see how much they financed the house for. How is this helpful to you? If you know that they want $250,000 for there home and they only purchased they home 3 years earlier for $180,000 you know they have wiggle room to negotiate for less than the asking price. Knowledge is POWER!

🕵🏽‍♂️Check the local sheriff’s website: A quick Google search and a few keystrokes away from knowing if there are any predators that live close by to the home you’re researching. Even if this isn’t a personal concern for you for many it is and one day you’ll want to sell the home you are thinking of buying and the next buyers may find this to be a very big issue causing your home to stay on the market for longer than you are expecting.

🕵🏽‍♂️Call your local homeowner’s insurance company and ask for a CLUE report? Whats a CLUE report? This is a report that can tell a potential buyer how many insurance claims were made on the property for the past 5 years, the dates those claims were made, The type of loss, how much was paid to settle the claim or if the claim was denied this information can be extremely helpful in discovering hidden problems, before you sign on the dotted line

🕵🏽‍♂️Ask The Sellers some Great Questions: I know that I have said in a past video what things a seller should keep tight-lipped about but no everyone is going to take my advice so ask them. “Why are you moving?” “What’s your bottom line?” “How quickly are you looking to move?” “How do you like your neighbors?” “Do you have any crimes or break-ins in the neighborhood” “Do you have receipts of all the repairs you have made in the past?”
Loose lips sink ships as one customer told me in the past. The home sellers answers could be a great way for you to feel out how stuck they are in their price and how quickly they are ready to fly the coupe.

🕵🏽‍♂️Go to the home at peak hours: To really investigate a neighborhood and your possible future neighbors go to the house during the times when people are leaving and coming home from work. Is there a bunch of cars parked on the road blocking the streets up? Also, drive around and check the yards, Are they maintained? You’re not buying just this house you are also buying the neighborhood as well.

🕵🏽‍♂️BONUS TIP!!! I have said it before but bears repeating again, Talk with the neighbors!! You will be surprised at the great tidbits of information they will give you about the home you are t

👀If you’d like to watch more videos 📹about buying a home🏡, here is a very useful playlist: https://bit.ly/2wkl3n3https://bit.ly/2wkl3n3

👍🏻If you don’t want to miss important tips real estate tips, please consider subscribing https://bit.ly/2MEztWK

🏡To search for homes in the Baton Rouge and Ascension Parish Area:
https://bit.ly/2OdQw1s

📨If you have any questions about buying and selling your home feel free to reach out to me at any time by email or any respectable time by phone📱. All my contact information is listed below.

#Realtor #homebuying #tips

My name is Kristina Smallhorn, Your Real Estate Whisperer and I tell you all this “Because YOU Matter”

 

Cell 225-246-1812
EXP Realty, LLC
2900 Westfork Dr.
Baton Rouge, LA 70827
225-412-9982 ext 149
info@YourRealEstateWhisperer.com, kristina.smallhorn@exprealty.com
yourrealestatewhisperer.com
#realtor #homebuying #tips
Kristina Is a Licensed Realtor® with The Greater Baton Rouge Board of Realtors@ in the State of Louisiana. License #0912122918

5 Homeownership Mistakes.

 

There are many homeownership mistakes that happen when you buy a house. Often people unknowingly do more damage to their home when they believe they are doing the right thing after they buy a house. In this video, I show some of the biggest mistakes that homeowners make.

Have you ever been in a bathroom that had a weird black line around the bottom edge of the mirror? There is a reason for that, it’s from an overuse of cleaning products and moisture getting behind the mirror allowing it to lose its reflection and cause that yucky black clouds. The solution, just be aware when you are spraying your mirror to not use too much product and when getting out off the shower make sure to wipe down the mirror so no moisture gets trapped.

Another mistake in home ownership is using bleach on everything. I know I love bleach but it can really do damage on some of the most expensive things in your home like granite countertop (did you know that it will strip the sealant right off of stone?) Also, never use bleach products on vinyl it could possibly yellow or stain it. Another area to avoid bleach is wood flooring, it too can strip the finish off the flooring making it pretty expensive to restore down the road.

I’ve been to enough home inspections to know that many homeowners make the mistake of using the wrong kind of caulk in certain areas of the home. They make different kinds a caulk for a reason and make sure you are buying the right kind for bathrooms and outside windows. Not all caulk is made the same.
Over sealing countertops is another costly mistake homeowners make. I know you think you’re doing the right thing by applying it often but if do it too much it will cause a milky white film that can be tough to remove and repair. To test to see if your countertops are ready for another spray of sealant, just drip a few drops of water on the countertop and see if it beads up if it doesn’t its ready for a treatment.
So when was the last time you had your HVAC system look at? So many homeowners ignore this maintenance requirement. When I represent the buyer I always ask for it to be done and inevitably the homeowner hadn’t had it done the whole time they had lived in the house. The cost of this is too inexpensive to ignore and can help stretch out the time for replacement.

 

I hope you found these tips useful if you’d like more tips please visit my website @ yourrealestatewhisperer.com

To search for Baton Rouge and Ascension Parish homes for sale click here https://goo.gl/Pfi9W9

To Get a copy of my FREE E-Book click here https://goo.gl/ux3mYz

Do you have any home ownership tips? Be sure to comment them below, They make it in my next video.

So You Won’t Miss Any Of My Future Content Please Subscribe and Hit The Notification Bell https://goo.gl/Dbshk7

My Name is Kristina Smallhorn, Your Real Estate Whisperer For Ascension Parish, And I tell you all this “Because YOU Matter”

 

Your Real Estate Whisperer Kristina Smallhorn "Because YOU Matter"
Your Real Estate Whisperer For Ascension Parish, Kristina Smallhorn.

Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana in The Greater Baton Rouge MLS, license # 0912122918,eXp Realty LLC,2900 Westfork Dr. Suite 401
Baton Rouge LA 70817, Cell Number: 225-246-1812, Office (225) 412-9982 ext# 149