5 Facts Every First-Time House Hunter Should Know

Buying your first home is scary, even if you do have all of the property information. Take  few tips from those that have gone before you and the pros in the field. Real estate agents know how to guide you through the entire process, from finding a home to completing all of the paperwork to purchase it, to picking up the keys.

1. Get your finances in order first

When looking for homes, often the first thing people think to do is start cruising neighborhoods for homes they think are pretty. While that is a fun way to start the home buying process, be sure you are taking the purchase seriously. Request a credit report, then work on doing what you can to improve your score. With luck, all will be well, but it might take a little time to get the finances polished. When you know you are ready to find something, get pre-approved by a bank for a mortgage loan. This step will also help you narrow down the search to properties that fit within that price range when you are reaching property information.

2. The offer you give can make or break a deal

When you find a property that grabs your attention, your finances will be in line and ready to go. However, you will need to move forward with the delicate dance known as the offer. Obviously you want to purchase for as little as possible and they want to sell for as much as possible. Sometimes, people are glad to reduce the price, but you don’t want to miss the opportunity because you bid too low and insulted the sellers. Educate yourself on the property information, the market, and the proper methods, but if you aren’t sure how to read the homeowner, economy, and local market, it could be best to rely on a Realtor to help you with this step.

3. Sign a purchase agreement

It may feel odd to sign your name to documents and even put down money for a property if you aren’t sure that you will actually purchase. However, signing a purchase agreement and providing earnest money is standard practice in real estate. It lets the homeowner know you are serious about the property. It can also help make things more clear for the negotiations and final stages, because often it includes a list of all property information and everything that is included with the sale, such as appliances, storage buildings, and closing costs.

4. An inspection protects you

While an inspection isn’t required, it behooves any interested buyer to pay for one to be done. Even if you or someone in your family is familiar with houses and home repair, it is best to hire a professional inspector for the best property information. They will provide a specific and thorough check of the entire property, from the attic to the foundation and, all over the property. They understand how to check the electric and water lines, drainage on the property, and for the dreaded termite or black mold damage. Many issues can hide in a home that even the homeowner isn’t aware of.

5. Be ready for the closing costs

With so many more exciting things to spend money on when purchasing a home, it can be easy to forget to have enough cash on hand for the closing costs. Sometimes buyers are able to roll these costs into their mortgage agreement or have the seller pay for them. However, that isn’t always the case, so it is best to be prepared.

If you would like to learn more about property information in the Austin area, visit The Kinney Company.

The Beginner's Guide to Mid-Century Modern

Mid-century modern is all the rage at the moment. Everyone is eagerly seeking everything from properties to furniture and accessories that fit the style. The good news is that many communities across the United States experienced a housing boom during the decades that covered the style. There are plenty of neighborhoods full of examples, and ample vintage and antique shops to find collectables and furniture. In order to keep on trend, it is important to understand exactly what the style is. With a few easy tips, you will be able to easily spot the style in a snap.

The mid-century modern genre covers not only style for architecture, but also for interiors, graphic design, and products. The general time period for the main movement is the early 30s to the mid 60s. It was the modern design that developed out of the arts and crafts movement of the early part of the twentieth century and the revolutionary designs coming from Europe, such as International design and Bauhaus. Both had a focus on nature and simple design that focused on the materials without embellishments.

New building techniques were also being introduced, such as steel reinforced concrete floors that allowed corporate buildings to be stronger and higher, with glass outer surfaces rather than brick and mortar. In residential architecture, the focus was put on how to bring nature in, open up the choppy floor plans of the pre-WWII home building plans, and to pay attention to how the property would be used by the family. Some key features to look for are kitchens that open into great rooms for family gatherings, large windows to let in plenty of light and views of nature, and a generally clean and simple design.

Interior design for mid-century modern was all about functionality, simplicity, and minimalism. Tables were a simple flat plane with thin, turned but not embellished, legs that often tapered slightly and were installed at an angle. Much of the other furniture focused on casual daily living, such as consoles for television sets, sofas and chairs, and sideboards for storage. Most items are angular or geometric, with simple lines and simple materials.

If you would like to learn more about mid-century modern in Austin, visit The Kinney Company.

Does Your Real Estate Agent Have Your Best Interests at Heart?

When looking for a new home, sometimes the hardest part is researching real estate companies. With such a big purchase, often the biggest a person has ever made, it is necessary to have a seasoned professional with your best interests at heart. The problem is finding that perfect match of personality and experience to help you.

The first step is to seek a licensed Realtor. While other real estate agents might be able to do a good job, Realtors have undergone extensive training and testing to earn the right of their title. Their professional knowledge and personal ethics must be top-level in order to pass the test. Top real estate companies actively seek Realtors to serve with them, because of their reliability and customer care.

You will also know that an agent has your interests first by the way that they listen to you. They actively work to find properties with the criteria you need and want. Of course, in order for them to do their job, you must first provide clear and specific instructions and preferences. With the right information, they can serve you best.

Of course, the top real estate companies have agents that not only are ethical and listen well, but can take the initiative to actively learn their market and find gem properties that you wouldn’t have thought about. Keep in mind that there is no such thing as a perfect property. Even a new build will have something you don’t care for when the job is finished. A good agent with you in mind, will reach into their lists of properties and pull out options that perhaps are mostly what you want, but also have the potential to be changed into a great home.

To learn more about real estate companies in Austin, visit The Kinney Company.

5 House Hunting Mistakes to Avoid Like Crazy

If you are in the market to buy a house, then it is wise to heed the advice of those that have gone before you and avoid a few mistakes that can have seriously unwanted results.

1. Showing up without an appointment

Suddenly showing up at a home for a tour is wrong on several counts. The sellers might think you are unrepresented (which could give them the upper hand in negotiations), plus it isn't a safe thing to do. Make a note of the address and send it to your Realtor to review and make an appointment.

2. Rushing a walk through

You, the home owner, and your Realtor have taken the time to prepare for this home tour. Especially if you like the property, look in every drawer, closet, and closed door. Allow plenty of time to linger and get a good feel for easy updates that could be made. If you don't like it, pay attention to what is wrong. Before you can buy a house, you have to know what you want to find that hidden gem.

3. Not respecting the property

Each property could possible have new flooring, upholstery, or fixtures, and at the very least has been cleaned for you and others to view. Unless you know you will buy the place and remove accidental stains yourself, leave your special frothy coffee drink (and any other gum, candy, or snacks) in the car. This also keeps down unnecessary bathroom breaks in strangers' homes.

4. Taking separate cars

When looking to buy a house, a lot of time is spent looking at options. While the occasional unsuspected home visit can pop up on a lunch break, there is typically more planning involved. Rather than insisting on going in your own car, ride with the professional, so that no one gets lost or separated. It is a more efficient use of everyone's time.

5. Lack of honesty to your Realtor

Your Realtor needs your honest opinion when you are looking to buy a house to make good decisions about future properties to show. It helps to be specific with feedback. However, remember that this is still another person's home. Even if you hate it, be respectful and keep the negative comments for a private conversation.

If you would like to learn more about how to buy a house in Austin, Texas, visit The Kinney Company.

Getting the 'Whole Story' on Property Information

When searching for the perfect home to buy, it is worth the effort to research the property information. While the added level of home work might be a bother, it is worth it to know if any unexpected and unsavory treasures lay in the home's past, or if there are tidbits out there that could help you at the bargaining table. With a few search techniques, you can learn a lot about a property that isn't in the listing description. 

 

There are several situations that might give you a better chance of reducing the price offered, or that could affect your desire to purchase. For instance, in searching for property information, you could discover that the seller is involved in a lawsuit or is filing for bankruptcy. A couple could be ready to sell a house quickly because they are getting a divorce. It could also serve your purpose to know how much is still owed on the property. These details paint a picture that can help you and your Realtor formulate a bidding strategy.

Likewise, it is good to know if there are any negative features or history to the property. A property information search could reveal that the home is in foreclosure or has had major work done on it without the proper permits. Your Realtor can do an insider's MLS search to find details specific to the home. For instance, they can see how long it has been on the market, or how many times it has been withdrawn only to be reinstated as a new listing. The MLS record will reveal the last time it was purchased, which could indicate if the property has been flipped. It is also helpful to know if the seller has switched agents at any time. Buying a home is a complicated process. Learning all you can about the property and the seller can help you get the home you seek.

If you would like to learn more about property information in the Austin area, visit The Kinney Company.

Why Mid-Century Modern is All The Rage

Trends, by their nature, come and go. The same is true for trends in home style, which explains the recent upturn in popularity of mid-century modern homes and décor. Often, the current trend is a reaction to the one before it. We try to find a fresh aesthetic approach to mix things up and keep things interesting. Other times, a change in trends is due to a nostalgic feeling that an object or look has because of a happy memory or idea of the past. In any account, it is true that at the moment, the style that prevailed a half-century ago is making a comeback.

Some contend that the wild fire spread of mid-century modern style is due to the popularity of the period dramas on television. On them, the sets and wardrobe selections are authentic and beautiful. Everyone watching period dramas are taken on a trip down memory lane. It could be to where they were at that time, or to thoughts of loved ones then. However, while the beautiful sets and costumes likely played a part in spreading the word that MCM was cool, it isn't the main reason for the trend.

Mid-century modern has certainly experienced a renaissance that eclipsed the TV shows. Flea markets are full of taper-legged consoles, tulip chairs, and minimalist art. Homes with low-pitched roofs, wide panes of unframed glass looking onto a garden area, and open design concepts are being snatched off the market. The reason is likely the same that pants with fitted legs are in style again. The style of pants fluctuates between flared and fitted leg, as people grow bored with what they have and want a different look. Style mavens are always looking to shake things up a bit and find something fun and different in order to stand out with panache. What better way to achieve that than by reaching to the past for tried and true methods.

The ecological movements also likely have had an influence. The common mantra “recycle, renew, reuse” encourages putting old things to use again, instead of in the dumpster. A quick trip to the second hand shop turns up a variety of mid-century modern items. Hipsters, naturalists, and designers alike have integrated refurbished items into their homes. The attachment to nature is also appealing to these groups. That pairs well with the original MCM style, because it was born out of the influence of Frank Lloyd Wright and the Arts and Crafts movement. They mixed with the emergence of Dutch design to give a sleek, minimalist focus on natural materials and surroundings. These design ideas are in step with modern “eco” philosophies.

If you would like to learn more about mid-century modern in Austin, click here.

5 Common Homebuying Mistakes to Avoid

When you buy a new home, there are so many details involved that it can be easy to make a mistake. While achieving such a big goal is exciting, it can also spell unhappiness or financial ruin if the right steps aren't taken. Take note of a few hints from those that have purchased before, so you end up happy with a home that is a good investment.

1. Failing to prepare finances

Before ever looking at a property, a prospective home buyer should have all finances in order. That includes a credit check, controlling debt, and getting pre-approved by a bank for a loan to buy a new home. These steps make you financially prepared to take on one of the biggest purchases you will ever make.

2. Missing the inspection

While inspections aren't much fun to attend, they do reveal a lot of highly important information. Seller's disclosures are supposed to be honest, but may not include hidden issues that perhaps the seller didn't even know about. In order to know that the home you like will be a good investment and not a money pit, meet with the inspector. They will be only too happy to walk you through the home and point out things not to worry about and areas for concern.

3. Ignoring the extra costs

The monthly mortgage rate is not the only expense to consider when you buy a new home. Up front, you need loan application fees, a down payment, an inspection, and closing costs. After that, you need to cover annual taxes, insurance, home repairs, and general upkeep. Take those things into consideration when looking, and keep from being house poor.

4. Buying without a Realtor

One of the best ways to navigate the choppy seas of home buying is to use a certified Realtor. They have taken an oath to uphold high standards of ethics. Not only will they help you find a great house, but they can help you through the confusing process when you are ready to buy a new home. Their professional experience can help through the entire process. Plus, you know there is someone at the negotiating table with your best interests.

5. Not knowing the market

Every day, things in the real estate business change. The financial market fluctuates and affects loan rates, the housing market changes making buying or selling preferable, and homes are sold or put on the market changing what is available. Before starting the homebuying process, understand how to read the market, so you don't miss out on a great opportunity.

If you would like to learn more about how to buy a new home in the Austin area, click here.