Philip & Hrono Partners' Blog
Boston, MA 02128
Too busy to buy that second home in Myrtle Beach? No time to fly down and walk through multiple properties to find the one that's right for your family? No problem. You, too, can enjoy the dream of homeownership when you buy your next property remotely.
What Is Remote Home Buying?
When you buy a home remotely, someone else takes care of the specifics. Your main responsibilities are communicating your wants and needs to an on-site real estate agent, paying for the home and being available to sign the finalizing documents digitally. Because of this, buying a home that's located one state or half-a-world away is entirely feasible in today's real estate market.
Who Handles a Remote-Home-Buying Transaction?
You'll work with a real estate agent when buying a home through remote means. This is similar to any other home-buying venture. In a remote transaction, however, it's vital to have an agent whom you trust completely and with whom you have excellent communication. Your agent should be local to the area where you're buying your new home, and they should be an expert on the neighborhood. You'll communicate via phone, email or internet with your agent and will likely use an e-sign process, followed up by signed hard copies, when it's time to finalize.
How Do I Pay for a Home I've Bought Remotely?
Typically, you'll pay for a home you've purchased remotely by wiring the amount needed to close. Most people can't afford to buy a home using cash, but you'll likely need at least a down payment and other costs up front.
How Will I Know the Home Is a Good Deal?
The real estate agent with whom you're working will view the home, be present at inspections in your stead, and do their part to ensure that the home you're buying is viable. They will be able to advise you on comparable prices in the neighborhood to give you an idea of whether the price you're paying is reasonable.
Why Would I Want to Buy a Home Remotely?
Most people who buy homes remotely do so because they're too busy or live too far away to buy the home in a traditional way. There's little risk involved as long as you use a licensed real estate agent who's experienced in remote-home sales.
It's good to remember that once you own a remote property, there's no backing out. It's vital to make sure you're buying a home that's well suited to you and your family. This is where your choice of real estate agent becomes vital in helping you choose the location of your home, the size, layout and community in which it's located.
Salem, MA 01970
No matter how well-intentioned, when it’s time to sell your home taking the advice of friends and family while disregarding the advice of your agent is a recipe for slowing down your home’s sale. Your professional agent knows the current market and what buyers look for. In fact, they may even have specific buyers in mind; so mind your agent’s input for staging your home.
When staging, remember these things and follow your agent’s lead:
- They know the competition. Your agent has seen other homes like yours on the market. They recognize that when buyers see two or three similar houses in the same neighborhood, the one that resonates is the one they choose. Pitting your DIY staging against a professional’s is not the battle you want to take on if selling your home is your goal.
- Less is always more. Your agent knows that fewer pieces of furniture show your home better. But these aren’t just any pieces of furniture. Specific pieces attract buyers, while others repel them.
- The same holds true for collectibles. Some buyers cannot see themselves in a home with specific memorabilia and collectibles. This group includes sports and competition awards, trophies or doll and figurine collections. Even rock displays can be off-putting. Anything that personalizes your home makes it harder for buyers to see themselves there.
- Be willing to paint. Even if the deep, ocean blue wall evokes restful imagery to you, it may instill irritation in a potential purchaser. If your agent suggests toning down a color or painting a room in a neutral rather than orange, go with it. The best options are pale shades of cool or warm neutrals that showcase architectural details such as trim and crown-molding.
For the most exceptional selling experience, trust your real estate professional. They know the market, the pool of buyers and the competition. If you’re ready to put your home on the market, call for a consultation today.