JULIE LITTLE BREWER's Blog
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Purchasing a home in a seller's market may prove to be difficult. Fortunately, we're here to offer expert guidance to ensure you can find the best house at the lowest price, regardless of the present real estate sector's conditions.
Now, let's take a look at three tips to help you get ready to pursue a home in a seller's market.
1. Assess the Housing Market Closely
A seller's market likely features a shortage of high-quality houses. As such, you'll want to analyze the local real estate sector closely so you can identify your dream home faster than ever before.
Take a look at the prices of recently sold houses in your city or town. This information can help you understand the average price range for homes of all sizes in your area. You also should find out how long these homes were available before they sold to understand the current pace of the real estate market.
Furthermore, you should make a checklist of home must-haves and wants. Once you craft this checklist, you can assess the houses available in your city or town and map out your homebuying journey accordingly.
2. Get Pre-Approved for a Mortgage
In all likelihood, you'll need to act fast to acquire your ideal residence in a seller's market. If you have a mortgage in hand when you submit a home offer, you may boost your chances of receiving a "Yes" from a seller.
A home offer that is contingent on a buyer's approval for a mortgage often is far from ideal. If a seller receives this type of offer, he or she may be reluctant to accept it, as there are no guarantees a buyer will be able to obtain the necessary financing to acquire a home.
Comparatively, a buyer who gets pre-approved for a mortgage can enter a seller's market with a budget in hand. And if he or she finds a great house, this buyer can submit an offer without having to worry about getting financing at a later time.
To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about a wide range of mortgage options and help you find the right mortgage based on your finances.
3. Collaborate with a Real Estate Agent
A seller's market can be tough to navigate, regardless of whether you're a first-time or experienced homebuyer. Thankfully, real estate agents are available who can guide you along the homebuying journey.
Typically, a real estate agent will learn about your homebuying goals. He or she then will keep you up to date about houses that meet your criteria, set up home showings and help you submit offers on residences. And if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them at any time.
Prepare to buy a house in a seller's market – use the aforementioned tips, and you can move one step closer to acquiring your dream residence.
A home bar is one thing that most adults should have in their homes. Even if you’re not a drinker yourself, you should have something on hand to offer guests when they come over for an evening of food and conversation. You’ll need the right setup, the right tools, and the right recipes handy to have the perfect home bar. Whether you have a bar already or are looking to build your own, we have all the tips that you’ll need as a rookie bartender.
You’ll need quite a few essentials in your home bar including but not limited to:
- Bar tools
- Recipe books
Find The Right Surface To Transform Into A Bar
You can easily transform any table, sideboard, or cart into a bar. If the vessel that you’re using has a drawer, that’s even better. You can keep all of your bottles, glasses, decanters, and openers in one convenient place. It’s not bad if you can’t fit all of your supplies in one place. Less used items can be stored in the pantry.
You can even use a simple bookshelf to store all of your bar supplies. Transform any bookcase from “boring bookshelf” to home bar in no time. You can arrange the shelving by category, giving each shelf a purpose. You can keep spirits on one shelf, glasses on another shelf, tools on another, and recipe books on another shelf.
Does Your Home Have An Actual Bar Built-In?
Many homes actually have bars built in, but people rarely use them because they feel inexperienced in using the bar tools of the trade. Whether you have a full wet bar or a simpler dry bar, keep all of the essentials there. You’ll need:
- Bar towel
- Trash can
- Bar spoon
- Access to ice
- Simple Syrup
- Old fashioned glass
- Mesh strainer
Location Of The Bar
If you’re setting up a brand new bar, there’s a variety of places that you can put the bar. If you have space in the kitchen, you can add it to a corner right there. Other great places for your bar could be a den or a man cave. Wherever you’ll spend time hanging out with company is a good place to keep your bar. If you have children, you might even consider getting a locking cabinet system for your liquor. You don’t want little hands getting into what they’re not supposed to.
Setting up your own home bar is something to be proud of. It will be quite the conversation piece when guests come over. You’ll be able to discuss your collection of liquors and see if friends have any recommendations as to what you might add to your selection of liquors. A home bar is an entertaining essential.