• Why You Need to Prioritize Buying a Home Now Why You Need to Prioritize Buying a Home Now

    1 comment / Posted on by Steven Rivera

    Why You Need to Prioritize Buying a Home Now

    Homeownership can be considered one of the key life achievements in one’s life. In our society, buying a home symbolizes that a person has achieved a certain economic status. Given the social and economic benefits often attributed to homeownership, positive impact towards one’s personal life and residential satisfaction is expected.

    However, housing inventory has not been the same as it was five years ago when there were more homes for sale and the prices were much lower than today. If you are considering buying a new home today, the following reasons might convince you why you may not want to put off that aspiration of yours to become a new homeowner.

     

    1. Lack of Inventory

    According to the Redfin Data center, (https://www.redfin.com/blog/data-center), based on the latest available data and zooming in on Suffolk County NY, home inventory or homes for sale in the month of April 2018 is at 5,388 has reduced by 18.7% from a year ago (6,624 home inventory in April 2017) and looking back one more year, it has reduced by 26.8% (7,964 home inventory in April 2016). Buying a home is, therefore, made all the more difficult when there are less homes to buy in your price range.

    It’s a sad truth, but a reality nonetheless: inventory is probably going to get worse before it gets better. That said, if you are considering buying a home, the sooner you can do so, the better. As days pass by, inventory will...

    Homeownership can be considered one of the key life achievements in one’s life. In our society, buying a home symbolizes that a person has achieved a certain economic status. Given the social and economic benefits often attributed to homeownership, positive impact towards one’s personal life and residential satisfaction is expected.

    However, housing inventory has not been the same as it was five years ago when there were more homes for sale and the prices were much lower than today. If you are considering buying a new home today, the following reasons might convince you why you may not want to put off that aspiration of yours to become a new homeowner.

     

    1. Lack of Inventory

    According to the Redfin Data center, (https://www.redfin.com/blog/data-center), based on the latest available data and zooming in on Suffolk County NY, home inventory or homes for sale in the month of April 2018 is at 5,388 has reduced by 18.7% from a year ago (6,624 home inventory in April 2017) and looking back one more year, it has reduced by 26.8% (7,964 home inventory in April 2016). Buying a home is, therefore, made all the more difficult when there are less homes to buy in your price range.

    It’s a sad truth, but a reality nonetheless: inventory is probably going to get worse before it gets better. That said, if you are considering buying a home, the sooner you can do so, the better. As days pass by, inventory will...

    Read more

  • What It Really Means To Buy A Turnkey Home What It Really Means To Buy A Turnkey Home

    0 comments / Posted on by Steven Rivera

    What It Really Means To Buy A Turnkey Home

    What is a turnkey home? It is exactly how it sounds. It's a home that when you move in all you have to do is turn the key and you're ready to go.

    Most homes that you look at as a buyer will have some sort of issue. They will either need to be updated, fixed, or completely remodeled. Purchasing a home is a huge expense and is a life-changing decision. The last thing you want to do after spending your entire life savings on a home is to have to go and put money into it. 

     

    How to find one

    There are two main ways to find a turnkey home. The first way is to buy a brand new build. A home that is just built will be in perfect working condition and will not need any updating. The downside to this is you are going to pay top dollar for any brand new home.

    The other way is to find a good investor. Investor's buy homes that need work and remodel them, turning them into a turnkey home. Since the homes aren't brand new this will be the cheaper option but you still get all the benefits of a turnkey home. 

    Benefits

    Move right in with no issues!

    Instead of dealing with headaches on your new home you can focus on whats really important, moving in and enjoying it. You won't have to deal with workers coming...

    What is a turnkey home? It is exactly how it sounds. It's a home that when you move in all you have to do is turn the key and you're ready to go.

    Most homes that you look at as a buyer will have some sort of issue. They will either need to be updated, fixed, or completely remodeled. Purchasing a home is a huge expense and is a life-changing decision. The last thing you want to do after spending your entire life savings on a home is to have to go and put money into it. 

     

    How to find one

    There are two main ways to find a turnkey home. The first way is to buy a brand new build. A home that is just built will be in perfect working condition and will not need any updating. The downside to this is you are going to pay top dollar for any brand new home.

    The other way is to find a good investor. Investor's buy homes that need work and remodel them, turning them into a turnkey home. Since the homes aren't brand new this will be the cheaper option but you still get all the benefits of a turnkey home. 

    Benefits

    Move right in with no issues!

    Instead of dealing with headaches on your new home you can focus on whats really important, moving in and enjoying it. You won't have to deal with workers coming...

    Read more