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How Marie Presti and The Presti Group Guided First-Time Homebuyers from California Purchase and Renovate Their Dream Home in Massachusetts
Problem:
We were referred by a previous client to help their friends who were moving from California to Massachusetts and wanted to purchase a home. Since they were first-time homebuyers and unfamiliar with the process, they were overwhelmed, especially since they were relocating to a different part of the country. The couple didn’t know where to start and hadn’t finalized their moving plans, which made it challenging for them to focus on finding a home.
Solution:
To address their concerns, we scheduled a meeting with them six months before their planned move to provide them with a detailed overview of the home-buying process. Our primary objective was to equip them with the necessary knowledge and confidence to begin their journey toward homeownership.
We started the process by asking them to create a list of their desired features and requirements in a home. This step was crucial in helping them narrow down their search and avoid wasting time and effort on properties that didn’t meet their needs. We then assisted them in determining their budget based on their requirements and the specific geographic location they were considering. Given that they were unfamiliar with the Boston real estate market, we helped them adjust their expectations and gain a clear understanding of what they could realistically afford in that area. We also discussed the pre-approval process and encouraged them to speak to a local lender.
After taking these factors into consideration, we engaged in a discussion about the possibility of considering homes that needed significant renovations. The couple expressed their openness to this idea, recognizing that some individuals prefer move-in ready houses depending on their circumstances. However, this couple was in a favorable position to take on major renovation projects, which expanded their range of opportunities beyond what some people can typically pursue.
Process:
After visiting multiple properties, our buyers came across a home that required significant renovation. As part of The Presti Group’s commitment to providing comprehensive services, we connected our clients with trusted contractors who could assess the property and determine if their vision could be achieved within a reasonable budget.
Despite facing stiff competition with five other offers, all of which exceeded the asking price, we conducted a thorough price analysis to demonstrate to our buyers that the property was undervalued. Our goal was to ensure they did not overpay for the house. Ultimately, they had to increase their offer by $100,000 over the list price to secure its acceptance. Fortunately, the appraiser appraised the home at the full purchase price, confirming that their offer was not excessive.
Since the property was part of an estate sale, its sale was contingent upon obtaining the necessary license. The buyers were uncertain about what this entailed, so we provided guidance and support throughout the process, explaining the potential impact on the closing date. As expected, the closing was delayed by one month, a circumstance that we had prepared the buyers for.
Result:
As a result of our collaborative efforts, our couple happily closed on their dream home. This marked a significant milestone in their journey toward homeownership. We understood their desire to transform their new property into their ideal living space, we facilitated connections between them and a selection of reputable contractors who could bring their renovation dreams to life. Currently, our couple is in the process of renovations, eagerly watching their new home transform into the home they envisioned. During this time, they are temporarily living with relatives, grateful for the opportunity to witness their dream home come to fruition. This exciting chapter in their lives is where they can create lasting memories in a space tailored to their needs and aspirations.
What the Client Had to Say:
“Working with Marie Presti was the best choice we made during our whole home buying process!
As first time home buyers it’s especially important to have an agent who knows the area, knows the current market, and is looking out for your interests. Marie is all of the above and more! She’s incredibly hard working, is available at short notice during offer crunch times, and sudden changes. She’s always trying to get you the best deal. We ended up with a real fixer upper, which resulted in a lower than expected commission for Marie, but she never mentioned anything about that, and worked very hard to get us that house, and, believe me, the hard work was necessary as we did end up in a bidding war!
Additionally, if you want someone experienced in the field and in the area (and you definitely do) Marie is the one to go to. Not only was she familiar with the seller’s agent, she had actually helped HIM buy his first house years ago.”
– Melissa P.
