Real Estate Advice Archives - Lori Blank & Associates

05

Nov

Real Estate

What to Know About Different Kinds of Homes Before You Buy

When you start shopping for a home, you will quickly notice that not all properties are created equal. From cozy condos to spacious single-family homes, each property type offers a unique lifestyle, level of maintenance, and investment potential. Understanding the differences helps you choose the kind of home that best fits your goals, budget, and way of living. Single-Family HomesA single-family home is one of the most popular choices among buyers. It offers privacy, a yard, and the freedom to personalize your space without shared walls or association restrictions. These homes are ideal for buyers who want room to grow…

04

Nov

By Lori Blank

Real Estate Tips

How to Buy a Home Like a Real Estate Pro

Buying a home is one of the biggest financial moves you will ever make, and while it can feel overwhelming, approaching it the way a real estate professional does makes the process smoother and more strategic. With the right preparation and mindset, you can shop confidently and make smart decisions from start to finish. Know Your Budget Before You ShopProfessionals always start with the numbers. Before you begin looking at homes, take time to understand your budget and speak with a trusted lender. Knowing what you can comfortably afford helps you narrow your search and stay focused on homes that…

29

Oct

By Lori Blank

Home Seller Tips

What Happens If a Seller Backs Out of a Deal

Buying a home is an emotional and financial journey, and most buyers expect the process to move smoothly once an offer is accepted. However, there are times when a seller decides to back out of the deal. This situation can be stressful, especially for buyers who have already started preparing for closing. Understanding your rights and the possible outcomes can help you respond calmly and confidently. Can a Seller Legally Back Out?Once both parties have signed a purchase agreement, the contract becomes legally binding. This means that in most cases, a seller cannot simply change their mind without valid legal…

17

Oct

By Lori Blank

Home Buyer Tips

How Walkability Scores Impact Home Value

When buying a home, location is often cited as the most important factor. One element of location that has gained attention is walkability. Walkability scores measure how easy it is to access amenities like grocery stores, restaurants, schools, and parks by walking. Understanding walkability can help buyers evaluate lifestyle benefits and potential resale value. What a Walkability Score MeansWalkability scores typically range from zero to one hundred, with higher scores indicating more pedestrian-friendly areas. A high score often correlates with convenience, accessibility, and vibrant community life. Buyers value neighborhoods where daily errands can be accomplished on foot, which can influence…

16

Oct

By Lori Blank

Real Estate Tips

Should You Waive Contingencies in a Competitive Market

In a competitive real estate market, buyers often hear about waiving contingencies to make their offer more attractive. While this strategy can help secure a home in high-demand areas, it also comes with risks that should be carefully considered before deciding. What Are ContingenciesContingencies are conditions in a purchase agreement that protect buyers. Common contingencies include home inspections, appraisals, and financing. They give buyers the option to back out or renegotiate the deal if certain criteria are not met, providing a safety net during the purchase process. When Waiving Makes SenseWaiving contingencies can make an offer stand out when multiple…

15

Oct

By Lori Blank

Real Estate Tips

What No One Tells You About Buying a New Construction Home

Buying a newly built home can feel exciting and fresh, but there are unique considerations that many buyers overlook. Understanding the nuances of new construction ensures you make informed decisions, avoid surprises, and protect your investment throughout the building and buying process. Upgrades Can Add Up QuicklyBuilders often advertise base models at an attractive price, but upgrades like flooring, countertops, appliances, and smart home features can quickly increase the total cost. Buyers should budget for these optional features and consider which upgrades are essential versus cosmetic. Construction Timelines Are FlexibleUnlike purchasing an existing home, construction timelines can change due to…

09

Oct

By Lori Blank

Home Selling Tips

The Most Overlooked Costs of Selling a Home

Selling a home can feel straightforward, but many homeowners are surprised by the hidden costs that can affect their bottom line. Beyond the agentís commission and mortgage payoff, a variety of expenses can accumulate during the selling process. Understanding these costs ahead of time ensures you are financially prepared and helps avoid surprises at closing. Repairs and Home ImprovementsEven minor repairs can add up. Painting, fixing leaks, replacing outdated fixtures, and landscaping improvements can significantly enhance a homeís appeal. While some upgrades increase sale value, they still require upfront investment, and homeowners should budget accordingly. Staging and PhotographyProfessional staging and…

08

Oct

By Lori Blank

Real Estate Tips

How Smart Home Features Can Help Sell Faster

Selling a home in today's market is about more than location and curb appeal. Smart home technology can significantly impact how quickly a property sells and at what price. Buyers increasingly value convenience, energy efficiency, and connectivity, making smart features a selling point that can set your home apart from others on the market. Enhanced Convenience and LifestyleSmart home devices, such as automated lighting, thermostats, and security systems, make daily life easier for homeowners. Buyers are attracted to homes where they can control temperature, lighting, and security from their smartphones. This convenience appeals to busy families, professionals, and tech-savvy individuals,…

07

Oct

By Lori Blank

Real Estate Tips

The Benefits of Buying a Home in a Master-Planned Community

Choosing where to buy a home is as important as selecting the property itself. Master-planned communities offer a thoughtfully designed living experience, with a focus on amenities, safety, and long-term value. These communities can provide homeowners with lifestyle advantages, convenience, and a sense of belonging that may not be found in traditional neighborhoods. Thoughtful Design and AmenitiesMaster-planned communities are built with careful planning and design. Streets, parks, schools, and commercial areas are often integrated to create a cohesive and functional environment. Residents can enjoy community pools, walking trails, fitness centers, playgrounds, and even golf courses, all within close proximity. This…

03

Oct

By Lori Blank

Home Buying Tips

How to Buy a Home with No Regrets

Buying a home is one of the most significant financial and emotional decisions many people will make. While excitement can sometimes cloud judgment, careful planning and informed decision-making can help you purchase a home you truly love and avoid regrets. Understanding what matters most, balancing emotions with logic, and working with trusted professionals are key steps in the process. Clarify Your PrioritiesBefore making an offer, identify what is most important to you in a home. Consider location, size, layout, schools, commute, and lifestyle needs. Knowing your priorities helps you focus on properties that align with your long-term goals and reduces…