Four Crucial Questions for Dayton Homebuyers
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A lot of buyers here in Dayton are asking me about what they can do to take advantage of the local real estate market. We’re seeing a lot of change in Dayton and I have 4 questions that you should be asking yourself if you ‘re in the market to buy.
- How do I know I’m getting the right financing? You need to find the right lender with the correct loan program for your specific situation. Making certain that you can afford the closing costs should also be a high priority, because those expenses can add up and make or break a deal. Finding a local underwriter is also important. The Miami Valley is changing, with areas that are up, down, and neutral. Find someone local with a strong understanding of the Dayton real estate market that can make a good appraisal on a property.
- How are you going to find the right home for me? Most agents, including myself, are on the MLS or are using Trulia, Zillow, or other internet-based real estate websites. However, you should ensure that your Realtor has proprietary homes to show you that aren’t listed on the MLS or the internet. They should find the home that fits your needs, and not what is just the easiest to find. For Sale by Owner properties are also worth looking into because negotiating with them is often easier than with another Realtor, so you can get the best value possible.
- How will I know what I’m paying is appropriate? The real estate market in Dayton and the Miami Valley is intense right now, so be sure that your Realtor has a deep knowledge of your local market and has also thoroughly studied the trends. A current property valuation (CPV) is also helpful in determining if you’re paying the right price for your home. With a CPV we look at similar properties and see what people in Dayton are paying for them.
How will I know the condition of the home? Whole house inspectors tend to know a lot about your entire home, but are not necessarily experts in all parts. They cost less, which is why they’re popular, but a home is a huge investment and you should only rely on qualified professionals that specialize with HVAC’s, furnaces, etc. Your Realtor should have a list of trusted inspectors so that you can choose the best one. If you’re thinking of buying a home in Dayton or the Miami Valley, then please don’t hesitate to contact us. We would love to help you find a good home for a great price. Have a great day!