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Pottsboro Real Estate SummaryPottsboro HOME BUYING PITFALLS TO AVOIDBuying your Pottsboro home whether you are a first time buyer or an ‘Old Pro’ involves legal, financial and emotional considerations. The more you know about the most common buyer mistakes, the more likely you are to avoid them. Make sure that when you put in an offer on any Pottsboro home that you have spent time narrowing down just what you are looking for. When the sellers accept your offer, you are involved in a binding contract that could cost you your deposit and other damages should you decide to back out. The opposite scenario, waiting for the 100 % perfect home can be an exercise in futility. With the thousands of variables available in housing, including location, style, size, amenities and condition, perfection is almost always an unreasonable goal. Pottsboro Real Estate CyclesWhat makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Pottsboro is no different than most, although the Pottsboro market does have it's own special circumstances. Want to get a clear and up-to-date picture of the Pottsboro real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely. Pottsboro Disclosure RuleTell All is definitely the rule for anyone who is selling Pottsboro real estate in today’s market. Let the Buyer Beware can easily come back and bite you in a delicate spot—your pocketbook. Today, those selling a home or any Pottsboro are expected to disclose all known material defects that are not readily apparent to the buyer. A Material Defect is usually a physical condition that would affect a buyer’s decision to purchase the home or what price to pay for the home. A leaky roof is definitely a Material Defect. If a Pottsboro seller tries to disguise the leak by painting the interior ceiling and walls without fixing the leak, the truth will come out the next time it rains. Chances are the first call the buyer makes will be to his attorney. Building Pottsboro Home EquityA popular question from prospective Pottsboro homebuyers relates to building home equity. Buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00, especially in Pottsboro. With a typical 30-year loan, most of your monthly payment goes toward interest payments with only small amounts going to the principle in the early years. Only half the principle is repaid in the first 23 years of the loan. You can build Pottsboro home equity faster by choosing a 15-year loan instead of a 30-year loan. Green Remodeling Your PottsboroIf you are planning to remodel your Pottsboro, keep home resale in mind and consider going green. Green remodeling is becoming more popular as homeowners consider health issues, skyrocketing energy costs and Earth’s natural resources. And, when it comes time to sell your home, your energy efficient and Earth saving remodeling may help you sell your Pottsboro quickly and for top dollar. Green Remodeling Your PottsboroEnergy conservation. The average Pottsboro today uses systems for heating, ventilation and air conditioning, and most homes are not built as efficiently as they could be, resulting in high energy consumption. The U.S. Department of Energy believes if current buildings were green-improved, they would use $20 billion less in energy per year. Pottsboro green remodeling puts a strong emphasis on making homes as efficient as possible with modifications such as energy-efficient appliances and thermostats that can be programmed at different temperatures for different times of the day. |
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