Gen X and Y Home Buyer Tips

Dated: 04/04/2013

Views: 1118

Zillow published a fantastic list of tips for Gen X and Y Home Buyers, and I’m excited to share how these insights will work for you in the Charleston, SC market!

Use Technology Creatively:

As the article points out, it’s great to search for homes online and use online mortgage calculators as well as be able to see approximate values of homes. Don’t forget to be creative and try Google street view to see if a neighborhood looks like what you expect.

Beware of Information Overload:

Sometimes an excess of information can cause a buyer to make a poor decision in an effort to make a smart business decision. In some cases you may even miss out on your favorite house because you were waiting for the best deal or waiting for the market to shift as you predict.

Don’t Assume You Don’t Need A Real Estate Agent:

You might think that you can find all you need online to buy a house…and that’s almost true! But the hardest work comes after you’ve selected the perfect house. An experienced agent will be able to present your offer, lead you through inspections and close the deal. While listings can be found on the internet, an experienced agent makes it their business to know the ins and outs of the market and use their network to get the deal done!

Look for Opportunities to Increase the Home’s Value:

Because Gen X and Y tend to more frequently than their parents’ generation, it’s always a good idea to buy a home you can add value to. Buying the best house on the block might not be the most cost-effective decision. If you do need to sell earlier than you planned, the value you added to your home might help you net the price you want. (Think: finishing a bonus room, updating the kitchen, adding a patio, painting doors, etc.)

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Hank Johnson

Hank Johnson, a graduate of The Citadel, has a proven track record as a CFO, businessman, Entrepreneur and real estate investor. Hank has been active and successful in the Charleston community for ove....

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