Julie Sagan®'s Blog
Many homebuyers face an interesting dilemma. On one hand, a broad array of houses is available nationwide, making it easy to find a great residence just about anywhere. Conversely, the housing market remains fierce, and a homebuyer who fails to submit the right offer at the right time may miss out on the opportunity to acquire his or her dream residence.
Ultimately, homebuyers must be ready to submit a fair offer on a house at any time. And even though you may be tempted to submit a proposal that exceeds a home seller's asking price to secure your ideal house, you should try to do everything you can to avoid overspending.
Lucky for you, we're here to teach you the ins and outs of making a reasonable offer on a home. Here are three tips to ensure you can avoid spending too much for a house.
1. Know What to Look for in Your Dream House
The definition of a "dream house" may vary from homebuyer to homebuyer. If you consider exactly what you'd like to find in your ideal home, you'll be able to browse the real estate market accordingly.
Although many great houses are readily available, it is important to keep in mind that no residence is perfect. As such, you should establish lists of must-haves and wants for your dream home and set realistic expectations. This will allow you to compare and contrast homes against your lists, find a residence that meets your expectations and remain calm, cool and collected as you prepare to submit an offer on a home.
2. Get a Mortgage in Advance
Homebuyers can get pre-approved for a mortgage and create a budget before they embark on a search for their dream home.
Getting pre-approved for a mortgage will require you to meet with banks and credit unions and assess all of the mortgage options at your disposal. In addition, lenders may be able to offer a variety of financing options based on your credit score, annual income and other economic factors.
With a mortgage in hand, you can explore the real estate market and find homes that fall within your price range. Therefore, if you get pre-approved for a mortgage, you may be better equipped to accelerate the homebuying process and avoid overspending on a house.
3. Choose the Right Real Estate Agent
Your real estate agent may make or break your home search. And with the right real estate agent at your side, you should have no trouble finding your dream home in any real estate market.
Your real estate agent is happy to provide tips to ensure you can submit a fair offer on any residence. That way, you can avoid the risk of overspending and improve your chances of acquiring your dream home at a reasonable price.
Hire a real estate agent who possesses comprehensive expertise and great people skills. By doing so, you can work with a real estate professional who can help you acquire your ideal home in no time at all.
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However, America is filled with homes that are inspired by numerous cultures, their styles spanning centuries of innovation. America is a melting pot and its houses are no exception. As a result, many homes are a blend of styles.
Some style blends are more successful than others. The term “McMansion” has been used to describe a type of large house that is being developed across the country. These houses typically are an assortment of features that can’t really be called a cohesive style. Another way to think of a McMansion is like choosing items off of a dollar menu--they might not fit together in a particularly tasteful way, but they’re all things you crave.
That being said, there are many styles that share similarities with McMansions that architects consider to be postmodern or “New American.” These homes are often a combination of Traditional style homes and other styles such as Greek Revival and cottage style.
Style isn’t just for looks
The style of early American architecture was heavily inspired by factors like climate and available resources. New England colonial houses were and still are built with steep roofs to shed the heavy load of snow in the winter time.
In the southwest, homes were built with adobe, or sun-dried bricks, due to the lack of other building materials. But also, adobe stays cool even on the scorching summer days faced by the southwest region of the country.
In architecture, as in all sciences, form follows function. So, it’s a good idea to keep these factors in mind when you’re shopping for your next home.
The most common styles
We’ve only just scratched the surface of the hundreds of home styles that are to be found across the country. Building such a list would require a full-length book. So here, we’re just going to mention some of the most common house architectural styles throughout the United States.
Cape Cod. This early colonial home style has changed a bit over the years, becoming bigger and incorporating additions and garages. However, one aspect that most Cape Cod houses have in common is the symmetry between the doors and windows. Cape style houses have two windows on the left, a front door in the center, and two windows on the right. The siding was traditionally made from wooden shingles, but in modern day they can be made from a number of materials, including stone, brick, and vinyl.
Revival. Revival houses attempt to bring back certain characteristics of historical buildings. Greek revival is common in affluent suburbs of the United States. They are typically painted white, include large white columns at the entry way, and are at least two floors. Gothic Revival omits the columns and adds ornate trim along its steep roof edges. They are typically made from brick, especially dark red in color.
Dutch Colonial. The most obvious indicator that you might be looking at a Dutch style house is the roof which usually has two different pitch angles and flared eaves. These homes originated in New York and New Jersey but have since spread across the Mid-Atlantic and New England areas of the United States.
Craftsman. Originating in Southern California, the craftsman style home is a bit trickier to identify than more traditional styles. However, they’re making a big comeback due to their notable interior designs. This includes exposed roof rafters, detailed interior woodwork, and large, single-paned windows that let in lots of natural light.