5 Most Googled Questions about Real Estate in 2024

Navigating the world of real estate can be both exciting and overwhelming. In 2024, buyers, sellers, and investors have been turning to Google for answers to their most pressing questions. 

Whether you’re taking your first steps toward homeownership, selling a property, or trying to make sense of inspections, this guide will provide clear answers to the top real estate questions asked this year. 

How Can I Get Pre-Approved?

Getting pre-approved for a mortgage is the first major step toward securing your dream home. Before you apply, take a close look at your credit score, as a strong score can help you secure better loan terms and lower interest rates. If your score needs improvement, now’s the time to address it by paying off debts or disputing any errors on your report.

It’s also important to organize your documents, as lenders will need documentation that proves your financial stability, including pay stubs, tax returns, and bank statements. Having these ready will make the pre-approval process smoother.

Take the time to compare mortgage offers from different institutions, whether they’re banks, credit unions, or online lenders. A mortgage broker can help you find the best deal tailored to your financial situation.

Once you’ve selected a lender, fill out the mortgage application. You’ll typically receive a pre-approval letter within a few days, outlining how much money you’re eligible to borrow. This letter indicates to sellers that you’re serious, well-prepared, and financially capable.

What Should I Look for When Buying a Home?

Buying a home is one of the most important investments you’ll make, so it’s crucial to approach it with a clear understanding of your priorities. When searching for a home, you’ll want to consider not only the price but also various factors that will affect your lifestyle and future resale value.

Location remains the cornerstone of any real estate purchase. Think about proximity to work, public transportation, shopping, and dining. Even if you don’t need access to these conveniences now, they could affect your property’s value over time.

Condition is another key factor. Be realistic about what kind of maintenance you’re willing to take on. Newer homes may have fewer immediate repair needs, while older homes could require significant investment in upgrades and repairs. During tours, keep an eye out for the condition of major systems like the roof, plumbing, and electrical components, as these can represent major expenses down the line.

Also, consider how the home fits into your long-term goals. If you’re planning on growing your household or working from home, make sure the space can accommodate your future needs. Ultimately, the right home is one that not only fits your current lifestyle but also offers room to grow.

How Can I Sell My Home Quickly?

In today’s fast-paced real estate environment, many sellers are looking for ways to sell their homes more efficiently. The key to selling your home quickly is preparation and strategy. 

First, pricing is everything. While it’s tempting to price your home as high as possible, overpricing can backfire by causing potential buyers to hesitate. Work with your agent to set a competitive price based on local market conditions and comparable sales in your area.

Next, focus on curb appeal. After all, the exterior of your home is the first thing potential buyers will see, so make sure it leaves a lasting impression. Simple updates like fresh paint, pristine landscaping, and a clean driveway can make a world of difference.

Staging your home can also help it sell more quickly. By depersonalizing the space and creating a warm, inviting atmosphere, you allow buyers to envision themselves living there. You don’t necessarily need to hire a professional stager, either – even simple rearrangements and decluttering can do the trick. 

Finally, your agent will ensure that your marketing strategy is on point. Professional photography and virtual tours can get your home in front of a larger audience. 

Should I Sell My Home Before Buying a New One?

Deciding whether to sell your current home before buying a new one is a major decision for many homeowners. The right choice depends on several factors, including your financial standing, the local housing market, and your goals.

Selling your home first can give you a clearer picture of your financial situation, as you’ll know exactly how much equity you have to put toward your new home. It can also reduce the stress of carrying two mortgages at once. 

Alternatively, buying your new home first can provide convenience, allowing you to move at your own pace and avoid the hassle of temporary housing. However, this option can be financially challenging for some, as it may require you to qualify for two mortgages or tap into savings for a down payment while waiting for your current home to sell.

If you’re torn between the options, consider a bridge loan. This short-term financing solution allows you to borrow against the equity in your current home to purchase a new one. Just keep in mind that bridge loans come with higher interest rates and fees, so it’s important to weigh the pros and cons carefully.

What is a Home Inspection?

A home inspection is one of the most important steps in the home-buying journey. It’s your opportunity to uncover any potential issues with the property before you commit to the purchase. During the inspection, a licensed professional will thoroughly examine the home’s key systems and components, including the foundation, roof, plumbing, and HVAC. They’ll be looking for any signs of damage or wear that could indicate future repair needs. If your inspector finds major issues, you may have the option to renegotiate with the seller, request repairs, ask for a closing credit, or even walk away from the deal if the problems are too extensive.

The goal of the inspection is to help you understand the property's condition and make an informed decision. Once the inspection is complete, you’ll receive a detailed report outlining the findings. This report can serve as a powerful tool during negotiations.

As the real estate market continues to evolve, staying informed and prepared is more important than ever. Explore Denver real estate today with Jim Weichselbaum and the team at Legacy 100 Real Estate Partners. They are ready to help you reach success with trusted answers to all your questions.