Category Archives: Real Estate FAQ

real estate faq

New Construction vs. Resale Homes – Real Estate FAQ

Ask Jordan Bennett

New Construction vs. Resale Homes

In this video, Jordan Bennett talks about the pros and cons of purchasing new construction vs. a resale (previously built) home and vice versa.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we will answer it in our next video.

real estate faq

Why am I not getting offers? – Real Estate FAQ

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Why am I not getting any offers on my home?

In this video, Jordan Bennett talks about why you might not be getting any offers on your home.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we will answer it in our next video.

real estate faq

Should I get a home inspection? – Real Estate FAQ

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Should I get a home inspection when purchasing a new home?

In this video, Jordan Bennett talks if and why you should get a home inspection when purchasing a new home

If you have a question about real estate, buying, selling or investing, please email us at info@jordanbennettonline.com and we will answer it in our next video.

real estate faq

Mistakes Buyers Make In a Hot Market

Timing plays an important role in real estate, especially if you are on the buying end. Inevitably, you could get in a seller’s market which might put you a little bit on the edge.

But don’t panic. There are tips that you can apply to get you through the tough competition and the unforeseeable traps in a hot real estate market. Just avoid these 5 buyers’ mistakes when treading a seller’s market:

Acting out of desperation

As much as possible, avoid smelling desperate as home sellers have their senses on maximum blast ready to take advantage any time. But more importantly, being on the desperate end could make your decision-making clouded and possibly result to impulsive and unwise decisions. You might end up talking yourself into a certain property that weren’t really within your original budget orspecifications.

Stick to your goals and don’t be easily swayed by the pressure of a hot real estate market. Let agents know of the kind of listing that you are looking for and ask them to give you a heads up when they find a similar listing.

Hesitating

Come to the battle prepared. Before walking into an open house, see to it that you have all the necessary papers and requirements prepared should you find the need to make an offer at that very moment. And of course, the essential loan approval that a home seller is always looking for in a potential home buyer.

Ignoring the market entirely

Timing the market and making your buying decision solely on this factor is almost impossible. This is why it’s a better path to make a decision based on your situation such as your family, career, and life. However, this also doesn’t mean that you ignore the market entirely. Be able to mix both sides and find a common ground to help you make an informed and wise decision while also keeping a balance of your personal needs and the market’scurrent trend.

Financial fogginess

Don’t count the numbers in your head and stick your fingers in the wind when trying to assess your income, loan payments, bills, and other matters that involve money. It is important that you know how much you can afford especially when you will need to make decisions regarding a price range or your price offer on a short notice.

Overpaying

Bidding wars is almost always a scenario especially in hot markets. And when you have had enough of a property taken out of your reach from a bidding war, it gets tempting to go for a price that’s not really within your original budget.

Avoid making that real estate mistake by working with your agent on looking at comparable homes. You may end up paying less for a property that’s more than what you were willing to overpay for with just extra patience and wise decision making.

 

real estate faq

How many homes should I see before making an offer? – Real Estate FAQ

Ask Jordan Bennett

How many homes should I see before making an offer?


In this video, Jordan Bennett talks about how many homes you should see before making an offer.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we can answer it in an upcoming video.

real estate faq

Can I buy and sell a home at the same time? – Real Estate FAQ

Ask Jordan Bennett

Can I buy and sell a home at the same time?

In this video, Jordan Bennett talks about if you are able to purchase a new home and sell your current one at the same time.

If you have a question about real estate, buying, selling or investing, please email me at info@jordanbennettonline.com and we can answer it in an upcoming video.