Tuesday, October 2, 2012

4 Tips for Buying a Lexington Home This Fall!

The fall season is one of the most beautiful times of year in the Lexington MA area.  People flock from all over the country to take in the stunning fall foliage that the east coast has to offer!  It comes as no surprise, then, that this is oftentimes what draws people in to buy a home in Lexington’s historic and charming city.  

One of the things I’m encouraged to see as a Lexington Real Estate agent is the uptick in the national housing market.  Recently, the S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, climbed 6.9% in the three months ended June 30 compared to the first three months of 2012. “We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change,” said David Blitzer, a spokesman for S&P, in a statement. “The market may have finally turned around.”
If you are considering buying a Lexington home, this fall is an excellent time to do so while home prices and mortgage rates are still low.  Here are a few extra tips I’ve gathered for those of you who are wanting to take the next step in buying a Lexington home.
1. Do Look at Many Houses Before You Buy- Although you may fall in love with the first Lexington home you tour, it’s wise to view other homes in the area.  You never know if the home across the street is more in line with what you’re looking for in a home!  It’s also good to see the comparables to ensure you’re not overpaying for the home.  View at least three houses before making your decision and, if you still are in love with the first Lexington home you saw, make an offer!
2. Do Research the Community- Not only do you want to find a Lexington home that fits your needs and lifestyle, you’ll want to feel at home in either the community as well!  Decide what you would and wouldn’t like to see in the area in which you live, and make finding the right fit in a community a high priority as well.  I’d love to discuss the various areas of Lexington with you to determine which fits you best!
3. Do Invest in a Professional Inspection- While you may be trying to cut down on costs; this is one you don’t want to skip!  Sellers may not disclose everything about the home or they may have done a quick cover-up fix to a larger problem in the home.  Have a professional check over every detail of the house could save you thousands of dollars in the long run.  You’ll also feel very comfortable in making your final decision knowing  the condition of the home.
4. Do Buy Based on Needs, Not Wants-  On average, Americans live in a home for nine years, so when thinking long term; it’s best to decide on a Lexington home based on your needs.  Some of the items you may want now, such as choosing a gourmet kitchen over square footage, may not be what you need in five years if your family is going to grow.  Make a list of your needs and be sure to follow it to be sure you don’t have buyer’s remorse down the road.
I hope these tips help you take the next steps in the home buying process.  I’m always here to answer your questions or to show you around Lexington if you’re new to the area!  
I look forward to hearing from you!

Theresa D'Antuono

1 comment:

  1. Thanks for making us concern about various useful tips for buying a Lexington home. To buy a home, one should fix the budget first and consult with an expert property agent to get a best deal.

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