Autumn is officially upon us. There are a number of reasons people are fond over the season from hayrides, chilly days with warm soup, and football weekend. You can't forget the plus of enjoying pumpkin flavored anything! But, it's not just the cooler temperature that should get you excited. House hunting can be very successful in the fall, as autumn proves to be a great time to buy a new home in Ohio. So, why is fall the best time to buy a house?
Although there may be a little less inventory, those in the market are serious about selling their home before the holidays, otherwise, they would wait until spring. A motivated seller brings the potential of negotiating offering prices. Fall also brings a lower competition from other interested buyers, giving you an advantage of having first dibs on a home.
Previously mentioned, fall comes with lower competition in the real estate market. This means you will not feel rushed during the home buying process, having more time to look and attend open houses. This also allows an appropriate timing for negotiating a great deal for a price that suits your needs, without the worry of competing against multiple buyers.
Moving during the Autumn often means paying slightly less than usual. Due to it being the off season for real estate, pricing is less competitive as homeowners are looking to sell fast before the holidays. To add to this, homeowners who list their home during the fall and winter months are usually on a timeline, making them a motivated seller.
Choice Properties offers you a chance to find the home of your dreams. We work with your budget and ideas in mind to support your ultimate vision. Call us if you are ready to check out the available inventory or to speak with a reputable agent who can assist you with your home buying needs.
Waterfront homes hold a beauty unlike any other naturally appealing to most buyers. Although waterfront homes easily grab the eye, not many people consider the responsibilities that come with purchasing a lake house. At Choice Properties, we want you to enjoy the fun experience Indian Lake has to offer which is why we firmly believe buyers should research more on waterfront properties. We have listed questions to ask when buying an Indian Lake home, allowing you to be fully prepared throughout this exciting process!
The first question to ask is the probability of getting a mortgage loan for a waterfront home. Since it's a vacation home, mortgage loans are usually higher and may take longer than residential homes, so it's important to tackle this step early on. Discussing credit score and credit history with a loan provider allows you to set a budget for your Indian Lake Home. Once you obtain your loan, our expert agents will work beside you to show you the best homes in your price range.
Consider making a list of must-have items you crave in a lake house, as well as those you can live without will help narrow down your search. For example, how close to the water you want to be? Do you prefer a small, quaint cabin or a large house with a dock? Taking time to discuss the amount of space and bedrooms you will need helps weed out unrealistic homes. It's important to keep an open mind when touring potential homes as it may be challenging to find a complete list of must-haves in one space.
The fun and memories made are definitely worth the cost, but don't forget to factor in other expenses as well. Waterfront properties often have a higher maintenance checklist than residential homes, including dock upkeep, rusting items and wearing out do to the proximity of water. These expenses can easily be avoided by taking care of possessions and tackling any issues at the first sign.
Have you been researching insurance plans? Because waterfront homes are more susceptible to damage from natural disasters, such as flooding, insurance rates are typically more expensive. Keep insurance rates in mind as you calculate overall budget and expenses.
Perhaps the most important question to ask yourself is if the property fulfills your lifestyle needs. In the excitement that comes with buying a waterfront home, it can be easy to lose sight of why you want to live near the water in the first place. For example, a home on a lake beach may require you to travel to a nearby dock to store and use your boat. If you don't mind traveling a few miles to get to your boat, then a dock can be ruled out! Your happiness is the final factor in determining the lake house you desire.
From searching for the perfect location to getting pre-approved, purchasing a waterfront home can feel like an overwhelming process. At Choice Properties, our expert lake house agents understand the ins-and-outs of buying a waterfront home, eliminating the stress and worries that tag along. These 10 waterfront home buying tips from our agents will give you awareness on what to expect when purchasing a home by the water.
An average real estate agent will not have the detailed knowledge of waterfront properties in Ohio to help you find the best deal for your budget. Although you may think you found a great deal, it's important to make note of features and amenities the home lacks that makes it a great deal. Having a trusted real estate agent will ensure you are getting the most out of your budge.
Often times with waterfront properties, many buyers will fall in love with a house and not realize the mucky water or lack of privacy. Keeping an open mind and buying a property you love rather than a house you love will drastically change the outcome. It's important to remember a house can always be updated, but can not be relocated.
You may find a property you love, but it could be 30 minutes from the lake or your desired location. If you enjoy going on the boat or watching the sunset by the lake, that drive will change the amount of times you truly get to take advantage of those activities.
Since most waterfront properties are more expensive than residential homes, loans often fall into the higher end of a mortgage payment with a lake house. Because of this, lenders only consider buyers who are extremely qualified knowing they can afford the second home. It's better to look into loan options early on in the process to prepare your house hunt.
Unlike average homes, waterfront properties are more exposed to harsh elements, meaning extra measures should be taken to protect the home. Taking the appropriate action to take care of the home will ensure years worth of use.
Along with the loan options, getting home insurance for a lake home can be more expensive and take quite a while. Each state holds different regulations for the type of insurance needed, so being aware of these and deciding which insurance is best for you will relieve stress in the long run.
If you are interested to making changes to your waterfront property, such as adding a deck or boat dock, we suggest starting these projects early to ensure the projects are doable. Also researching activities that are allowed on the lake will prepare you to what to expect, such as jet ski restrictions or other rules.
Stop by the local community and neighbors to see how they enjoy living in the space or if they have any issues. Discussing these will allow you to get insider-information, and they may even offer tips to landing the waterfront property of your dreams.
Those who are looking to buy waterfront may not have considered the expense of utilities. Bringing services such as cable, wifi, clean water, septic systems, or electricity can be expensive and should be planned out in advance.
Understanding the responsibilities of your property will come with a smooth transition and happy neighbors. If your waterfront property is part of an HOA, be sure you are familiar with the rules and agree to follow.
In every home purchase, whether you're family is settling into a residential home or buying a summer lake house, it is always recommended to get a house inspection. Having a full understanding of the home and the potential repairs will save you time and effort, allowing you to fully enjoy your new space! The experts at Choice Properties understand the fun that comes with purchasing a lake house, but we also understand the importance of safety by getting a home inspection. Stay tuned to learn these home inspection tips for lakefront property in Ohio!
Radon is regularly inspected for residential homes, but it is especially important to check for in your lakefront property. Radon is more commonly found around homes near Ohio Lakes, and is known to cause certain health issues. This invisible and odorless gas rises from the soil, making it an important note to have your home inspector perform a standard reading.
Seawalls are unique to buying an Ohio lake house, but without inspection can be costly and challenging to repair. Seawalls are vital when owning a lake house, as it prevents erosion of your shoreline. Seawalls can be made out various materials such as wood, concrete, or stone with each product holding a different life expectancy.
Boat lifts are a great perk that come with owning a waterfront home in Ohio. Similar to seawalls, boat lifts boat lifts will have different costs or challenges due to the variety of lifts. With most boat lifts come electrical wires near the water, meaning it is crucial your inspector checks the functionality of the lift as well as electric by the dock.
Many lake houses come with beautiful decking, some ranging from one relaxing deck to several stories. Ensuring these decks were built with safety measures in place allows you to peacefully enjoy the view without worry. Often times, lakefront property in Ohio will have decks built with composite boards or aluminum rather han lumber. Having your home inspector study the structure of the deck will give you an idea of life expectancy and maintenance, along with confirmed safety.
Most residential homes are on city water and sewer systems, but most lakes in Ohio are too far from the beaten path to be hooked up to city water. This means Ohio lake homes will have a private well and septic. If not maintained properly, both of these items can be very expensive to fix. The septic should especially be inspected with precision due to the proximity of the lake.
Making the decision to purchase a lakefront property in Ohio is exciting, and should come with a stress-free experience! Don't let the eagerness keep you from ensuring safety in your new space, giving you years worth of memories to look forward to.
The process of selling and buying a home has become complicated over time, with common law, state and local regulations and customs that surround the transaction. However, the best real estate agents will strive to simplify not only the language but also the procedure for you. At Choice Properties, the premier company for Indian Lake realty, our agents want to work with you to sell your home, and will put in all their efforts to make that happen.
The language of real estate can be confusing to the layman, and real estate agents are used to language that is technical. A good real estate agent will be patient and explain terms like easements, encroachments, and will walk you through the closing process. Your Choice Properties agent is completely committed to helping you understand the process so that you are able to make informed decisions.
You may not be fully convinced that you need to work with a real estate agent. It's not unusual homeowners to try to sell their homes independently. After all, what could be simpler than placing an ad and waiting for buyers to turn up? It's never that simple however. Any number of things could go wrong, like pricing your property unrealistically. When they find no takers after several months, many homeowners resort to using agents then. You can get ahead of the game and find yourself the best Indian Lake realty company to sell your home. Your Choice Properties agent will focus on selling your property full time, so you don't have to spend your precious free time.
The first, and arguably the most important step in the process of selling your home is setting the right price. You could certainly get the property appraised professionally and spend $200 to $400 on it. Another alternative is to ask the professionals at Choice Properties to price your home competitively, as we have the knowledge of what the homes in your neighborhood have sold for, and have access to an extensive number of comparisons. We can perform a competitive market analysis, and price your property just right.
As one of the top Indian Lake realty companies, Choice Properties agents have years of experience in negotiating property sales and overcoming buyers' objections. We are able to balance offers and counter-offers and handle all the contingencies that accompany real estate transactions. If you are considering selling your home, Choice Properties is the real estate company for you.
Call our award winning realtors to find out how we can assist you in selling your Indian Lake home.