Posted by Marie Presti on 9/27/2020

If you intend to buy a house, it generally is a good idea to establish realistic property buying expectations. That way, you can plan ahead for the homebuying journey and avoid potential problems that otherwise may prevent you from achieving your desired results.

Now, let's take a look at three tips to help you manage your expectations as you pursue your dream residence.

1. Create Homebuying Criteria

With homebuying criteria, you can determine exactly what you want from your dream residence. Then, you can narrow your house search and speed up your quest to discover your ideal home.

Think about where you want to live. For instance, if you prefer the hustle and bustle of the big city over life in a small town, you may want to hone your house search to properties in the city of your choice. Or, if you have always dreamed about owning a home near the beach, now may be the ideal time to transform your dream into a reality.

Don't forget to consider the features you want from your dream home too. Make a list of home must-haves and wants, and you can streamline your home search.

2. Set Homebuying Goals

Establishing homebuying goals can help you build a roadmap for your home search. This roadmap then will enable you to identify potential homebuying hurdles and resolve such issues before they escalate.

Homebuying goals can guide you along the homebuying journey. You can create as many or as few goals as you'd like, and by doing so, simplify your search for your ideal residence.

In addition, it is important to be flexible with your homebuying goals. And remember, if you fail to accomplish a homebuying goal by a specific date, you can always adjust your homebuying roadmap as needed.

3. Collaborate with a Real Estate Agent

If you are unsure about what to expect during the homebuying journey, there is no need to stress. In fact, you can hire an expert real estate agent who can help you establish realistic property buying expectations from day one.

A real estate agent first learns about you and your homebuying goals. He or she next will put together a personalized homebuying strategy for you and ensure you can complete a successful property buying journey.

As you search for your dream home, a real estate agent will set up home showings and keep you up to date about new houses that meet your homebuying criteria. He or she also will help you submit an offer to purchase on any house you want to acquire. And once an offer to purchase is accepted, a real estate agent will help you navigate the final steps of the property buying journey.

Ready to begin your search for your dream residence? If you understand how to manage your homebuying expectations, you should have no trouble achieving the best-possible results at each stage of the homebuying journey.




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Posted by Marie Presti on 9/6/2020

Photo by Fizkes via Shutterstock

Few things are more exciting than buying a house and making it your home. Knowing when it’s the right time to buy derives from your personal circumstances, but some external elements and market realities affect when it’s right to buy too.

Here are some of the things that can affect your decision to purchase a home, and the timing to do it.

  • Interest rates. Right now, interest rates are low, making housing affordable. Keeping an eye on rates can save you money. You can get pre-approval for a mortgage that locks in a low rate, so check out the programs offered by various lenders to see which one has the most useful option for you.
  • Inventory levels. Listed homes in your area that fit your budget, and your criteria, ebb and flow. Develop a relationship with a qualified real estate market specialist to keep tabs on inventory levels, so you know when to buy.
  • Increased prices. Supply and demand drive up prices, so if prices begin to increase it may be time to step into the market. Again, your real estate agent can keep you apprised of price fluctuations in the market.
  • Income levels. You might simply be waiting for a promised raise or that bonus to plump up your down-payment cache. When that’s the case, notify your agent of your expectation and the timing so that they begin looking for you just ahead of when you’re ready to make the purchase.
  • Income tax refunds. Although using the IRS as a savings account is a poor financial strategy, sometimes, you end up with a bigger refund than you’d anticipated. When that happens, and you receive the extra funds, it might be time to make homeownership a reality.
  • Investments. When an investment gives you an unexpected return, it might be time to reinvest it into a home.

If any of these are true, you may be financially ready. When making any financial decision—especially huge ones such as buying a home—it's essential to contemplate the reason behind your decision. What do you believe a home provides you? How does it fit into your future goals? Are you willing to tie up your funds in a non-liquid investment? Are you prepared to handle the maintenance? Do you have time for upkeep?

When you feel positive about your answers, reach out to your agent for advice, and to start looking for your new home. 




Tags: buyer tips   finances   New Buyers  
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Posted by Marie Presti on 8/30/2020

Although you might already own a house, now may prove to be a good time to pursue a second residence. For example, if you have always wanted to own a home in the mountains, you can purchase a second residence to make your dream come true. On the other hand, if you want to own a vacation residence on or near the beach, you could enter the housing market to find a beachfront house that suits you perfectly.

Like any home search, finding a second house that matches your expectations may be difficult. Fortunately, there are lots of things you can do to streamline your quest to find a second home, such as:

1. Evaluate Your Finances

Your finances will play a significant role in your ability to purchase any house, at any time. As you get set to pursue a second home, examine your finances closely. Then, you can map out your home search accordingly.

Generally, it helps to consult with banks and credit unions before you launch the search. If you meet with these institutions, you can gain financial insights that you can use to make an informed purchase.

2. Establish Home Buying Criteria

Think about the features you want to find in a second residence. Next, you can craft home buying criteria.

Once you have home buying criteria in hand, you can narrow your house search, too. By honing your home search to residences in specific cities and towns, you can speed up your quest to find the right home at the right price.

It often helps to maintain flexibility as you conduct a search for a second home as well. If necessary, you can modify your home buying criteria throughout the home buying journey.

3. Hire a Real Estate Agent

There is no reason to enter the housing market on your own. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts can help you quickly and effortlessly acquire a second residence.

A real estate agent understands what it takes to navigate the home buying journey. This housing market professional first will learn about you and your home buying goals. He or she next will craft a custom home buying strategy based on your individual needs. Finally, a real estate agent will put this strategy into action and ensure you can discover a terrific home at an affordable price.

Furthermore, a real estate agent takes the guesswork out of buying a second home. If you are unsure about whether to submit an offer to purchase a particular residence, a real estate agent can offer a data-driven recommendation. Or, if you have concerns or questions at any point during the home buying journey, a real estate agent is prepared to respond to them.

If you want to pursue a second house, it helps to plan ahead for the home buying journey. By using these tips, you should have no trouble finding a second home that you can enjoy for years to come.




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Posted by Marie Presti on 3/22/2020

Buying a condo may seem like an uphill climb, particularly for those who are browsing the real estate market for the first time. Lucky for you, we're here to help you take the guesswork out of finding the right condo.

What does it take to locate a high-quality condo at an affordable price? Here are three tips that every first-time condo buyer needs to know.

1. Explore a Wide Range of Condos

The real estate market is filled with many first-rate condos, and the sheer volume of properties that are available may feel overwhelming at times. Therefore, you should allocate the necessary time and resources to find a condo that suits you perfectly.

Don't be afraid to check out several condos over the course of a few days or weeks. By doing so, you can better understand what you'd like to find in the ideal condo.

Of course, if you fall in love with a condo, you should be ready to submit an offer. That way, you can avoid the risk of missing out on a great condo that matches or exceeds your expectations.

2. Determine How You'll Pay for a Condo

Many property buyers get pre-approved for a mortgage, and for good reason. With a mortgage in hand, you'll know exactly what you can afford as you review the real estate market.

Meet with a variety of banks and credit unions. These lenders will be able to provide you with multiple mortgage options and respond to your financing concerns and queries.

Also, keep in mind that the price of a condo may extend beyond your monthly mortgage payments.

In many instances, condo communities have homeowners' associations (HOAs) in place that will charge monthly fees. Learn about any HOA fees in advance, and you'll know exactly what you'll need to pay each month to live in a particular condo community.

3. Work with a Real Estate Agent

No one should be forced to evaluate condos on their own. Fortunately, you can hire a real estate agent to streamline the process of finding a terrific condo.

A real estate agent with condo experience understands the hurdles that may arise during a condo search. As such, he or she will do whatever it takes to ensure you can get the best results possible as you look for the perfect condo.

For instance, a real estate agent will set up condo showings and keep you up to date about open houses. This real estate professional will even negotiate with a condo seller on your behalf, which means you won't have to worry about breaking your budget to purchase a stellar condo.

Employing a real estate agent enables you to get expert advice at each stage of the condo buying process too. Thus, you can receive instant responses to your condo buying questions at any time.

Simplify the process of buying your first condo – use the aforementioned tips, and you can boost your chances of acquiring a superb condo at a budget-friendly price.




Tags: buying a home   Condo   buyer tips  
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Posted by Marie Presti on 2/2/2020

There is no need to struggle as you pursue your dream home. In fact, there are many things you can do to ensure the homebuying journey is quick and easy.

Now, let's take a look at three tips to help you enjoy a seamless property buying experience.

1. Know Where You Want to Reside

It often helps to narrow a home search to a small group of cities and towns. That way, you can focus exclusively on residences in a set area and speed up your house search.

As you consider where you want to live, it generally is a good idea to review your short- and long-term plans. For example, if you intend to return to school soon, you may want to search for houses near some of the nation's top colleges and universities. On the other hand, if you want to start a family, you may want to focus on homes close to parks and other family-friendly attractions.

2. Establish a Homebuying Budget

Most homebuyers will need to get a mortgage so they can acquire their dream residence. Fortunately, banks and credit unions are happy to teach you about home financing and help you make an informed mortgage selection.

Typically, banks and credit unions employ courteous, knowledgeable mortgage specialists who can educate you about all aspects of home financing. These specialists are ready to respond to your home financing concerns and questions and help you find a mortgage that suits you perfectly.

There is no such thing as a "bad" question to ask mortgage specialists, either. If you work with mortgage specialists to assess all of your home financing options, you can select a mortgage that will serve you well for the foreseeable future.

3. Hire a Real Estate Agent

When it comes to searching for a home, you don't have to work alone. Thankfully, real estate agents are available throughout the country, and these housing market professionals can make it simple for you to acquire a great home at a budget-friendly price.

A real estate agent goes above and beyond the call of duty to make the property buying journey fast and easy. First, he or she will learn about you and your homebuying goals. This housing market professional next will craft a personalized homebuying strategy for you and put this plan into action. Then, after you discover your ideal residence, a real estate agent will do everything possible to help you acquire this home.

In addition, a real estate agent will work with you to finalize a home purchase. As a home closing date approaches, a real estate agent will help you plan accordingly. By doing so, he or she can help you purchase your dream residence without delay.

For those who want to enjoy a quick, easy homebuying journey, it helps to plan ahead. With the aforementioned tips, you can prepare for the homebuying journey and limit the risk of encountering various problems as you search for your ideal house.




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