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Posted by Nelson Matos on 7/16/2017

Buying a house should be a fast, simple process. However, problems sometimes can arise that prevent a homebuyer from discovering his or her dream residence.

Ultimately, there are many factors to consider before you purchase a house to ensure you can avoid myriad homebuying hurdles, and these factors include:

1. Your Home Needs

No two houses are identical, and much in the same vein, no two homebuyers have the same definition of the perfect residence. As such, a homebuyer should consider his or her dream home demands prior to kicking off a home search.

Making a checklist of home "must-haves" and "wants" is paramount. With this checklist in hand, a homebuyer will be able to refine his or her home search and map out the property buying journey accordingly.

It may be helpful to consider your day-to-day activities as you evaluate where you want to live too.

For example, if you work in the city, you may want to find a house that is located near public transportation. Comparatively, if you have kids, you may want to consider houses that are located close to top schools.

2. Your Budget

You know that you want to buy a house. On the other hand, you still have no idea how much money is available to ensure you can make your homeownership dreams come true.

When it comes to buying a house, it pays to meet with banks and credit unions. With pre-approval for a mortgage, you'll know precisely how much you can spend on a house.

To get pre-approved for a mortgage, set up consultations with several potential lenders. Then, you can learn about all of your mortgage options and select a mortgage lender that matches or surpasses your expectations.

3. Your Homebuying Timeline

Are you looking to buy a home as soon as possible? Or, can you afford to take a wait-and-see approach throughout the homebuying journey?

Examine your homebuying timeline and plan ahead as much as possible. By doing so, you can boost your chances of finding a terrific house and minimize stress as you browse the real estate market.

Regardless of your homebuying timeline, it always helps to work with a real estate agent. This housing market professional can take the guesswork out of searching for a residence and ensure you can discover a stellar house at a budget-friendly price.

Typically, a real estate agent will keep you up to date about new residences as they become available. He or she also will provide honest, unbiased homebuying recommendations and respond to any homebuying concerns and questions.

Let's not forget about the support that a real estate agent can provide during homebuying negotiations, either.

A real estate agent is happy to negotiate with a home seller on your behalf. That way, he or she can help you secure a great house without having to worry about paying too much.

Streamline the process of acquiring your ideal residence. Consider the aforementioned factors, and you can keep things simple as you proceed along the homebuying journey.




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Posted by Nelson Matos on 2/26/2017

An open house allows a homebuyer to explore a residence. And ultimately, this event may help a homebuyer determine whether to submit an offer on a home. For homebuyers, there are many terrific reasons to attend an open house, including: 1. You Can Learn About a Home from a Home Seller's Real Estate Agent. Although you may spend time reviewing home listings online, there may be information about a house that is unavailable on the web. Fortunately, an open house enables you to speak directly to a home seller's real estate agent and find out more information about a residence. From learning whether a home seller is motivated to sell quickly to finding out which internet services providers are available in the area, a home seller's real estate agent should be able to answer any questions you may have during an open house. As a result, you can receive plenty of insights that can help you make an informed decision about whether a particular residence is right for you. 2. You Can Check Out the Overall Condition of the Home. Online photos sometimes can be deceiving, but an open house allows you to get an up-close look at a residence and find out if it fulfills your personal needs. For instance, an open house will enable you to check out the size of each room as well as the overall condition of the home's exterior and interior. Plus, you may be able to review the performance of a home's air conditioning and heating systems and find out if these units will need to be repaired or replaced in the near future. Perhaps best of all, an open house gives you the chance to envision what life could be like if you bought a residence. Because you can walk around the home and explore it at your leisure during an open house, this event provides you with the freedom to evaluate a residence in a pressure-free situation. 3. You Can Find Out if There Is Significant Interest in a Home. Typically, a home seller's real estate agent will set up a sign-in sheet for attendees who visit an open house. This sheet enables a home seller to see how many people attended an open house and may provide you with a good indication about whether there is substantial interest in a residence. It is important to remember that the housing market is competitive, regardless of whether you're searching for a residence in a buyers' or sellers' market. As such, if an open house is filled with people, there likely is significant interest in a house. And if only a few people attend the event, there may be a greater chance that a home seller would accept an offer below his or her initial asking price. Ask your real estate agent for information about open houses in your area – you'll be glad you did! This real estate professional will be able to keep you up to date about open houses and help you find your dream home quickly and efficiently.




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Posted by Nelson Matos on 2/19/2017

If relocation and house hunting is in the foreseeable future for you and your family, making a list of requirements and preferences will help ensure that you're satisfied with your next home.

Checklists are available from a variety of sources, including real estate agents and The U.S. Department of Housing and Urban Development.

While it's nearly impossible to find an affordable property that's a short drive from everywhere and that meets all your requirements, creating a prioritized list will help you clarify your goals and help you get the real estate features that are the most important to you and your family. Having a well organized list of priorities will also make it easier and more practical for your real estate agent to locate properties for sale that are aligned with your needs and preferences.

While the ideal home should be comfortably close to jobs, schools, childcare, and supermarkets, there are other conveniences and necessities that are sometimes overlooked by home buyers. Here are a few additional items to consider:

  • Medical and dental offices: Although it's difficult find the ideal house that also happens to be located just a short drive from all your family's medical and dental care providers, it's a goal worth considering when evaluating different properties. Being close to a preferred hospital can also be a desirable feature -- especially if you expect to be looking for top-quality maternity care in the near future.
  • Houses of worship: If you and your family attend religious services several times a month, it would definitely make life easier to live a short distance from your favorite church, synagogue, or mosque.
  • Automotive services: When you need an oil change, state inspection, AC maintenance, or car repair, it's much more convenient to have it taken care of close to home.
  • Transportation: Whether this item ranks high or low on your priority list depends on how often you plan on traveling for work, business, vacations, college, or family visits. For some people, proximity to airports, train stations, bus depots, and major highways can be a major benefit.
  • Recreational facilities: For families with active lifestyles, being close to tennis courts, golf courses, fitness clubs, playgrounds, walking trails, and other recreation facilities would be considered a big "plus". For others... not so much.
  • Entertainment: Again, it depends on individual lifestyles, but some people enjoy going to the movies, restaurants, concerts, and the theater on a regular basis.
The value of creating a list of requirements and a "wish list" boils down to clarifying in your own mind the conveniences, services, and facilities that are most important to you and your family. It's also a more efficient method of communicating your hopes and needs to your real estate agent. His or her objective is to help you find the residential property in your target area that best satisfies the majority of your goals, desires, and dreams.





Posted by Nelson Matos on 2/12/2017

If you're searching for a new home open houses can present many learning opportunities. It's your chance to gather information--not only about the particular home you're touring, but also about buying homes in general. It's also your chance to get used to working with real estate agents to learn what they can offer you. Many people arrive at an open house with an open mind. This isn't a bad thing, but it is good to be prepared with some questions for the agent. In this article, we'll talk about some important questions that will help you make the most informed real estate decisions as possible. But first, let's talk open house preparation in general.

Open House Etiquette

Many people expect to be pounced upon by an agent at an open house like a salesman in a furniture store. However, you'll most likely find that the agent is hands-off at the open house, letting you take a look around unbothered. Here are some tips for good open house etiquette to leave a good impression as a potential buyer.
  • Sign in to the guestbook. Or, if you do decline, do it politely
  • Ask for permission before you take photos
  • Ask the real estate agent your questions casually and give them time to speak with other guests--interrogating the agent will make it an uncomfortable meeting for everyone
  • Save probing questions or criticism until you leave. You'll get a chance to speak with the agent again, but don't want to seem rude at your first meeting.

Top Five Questions

  1. Why are the owners selling the home? This one question will give you several details about the home. If they are selling because of the neighbors or problems with the home this question will give you insight into those important buying factors.
  2. Has the listing price changed?  Fluctuation in the price of the home can mean the seller is on a timeline or that the house isn't receiving any offers at the original price. This information could mean that there is some flexibility in the price of the home.
  3. Are there any problems with the home? Most states require the seller to disclose problems with the house. There are many issues that could affect the value of a home that aren't in plain sight, such as plumbing and electrical work. Don't be afraid to ask when the last time the roof was repaired or when any other major work was done on the house.
  4. What is the neighborhood like?  If you aren't familiar with the area you're moving into this is a very important question to ask. Real estate agents should be experts on the area they work in and will be able to give you information about noise levels, schools, traffic, and so on.
  5. What is the cost of utilities?  Everyone uses different amounts of electricity and water. That being said, each home also has its own level of efficiency. If the home has outdated lighting and appliances or if the faucets let out a high volume of water, you might be surprised at how much your future utility bills will be.





Posted by Nelson Matos on 11/13/2016

Buying a home can be a daunting and nerve-wracking experience, especially if it's your first time. Many first time homebuyers go into the process with little preparation other than financial planning. One great tool to have if you're entering the housing market for the first time is a timeline to owning your first home.

Why you need a timeline

There are innumerable benefits to having a timeline for buying a home. There's are several steps and a lot of information to remember during the buying process. Having a timeline will make sure you stay on top of those steps. Knowing that you're keeping up with your end of the deal will help you feel more relaxed and confident as you enter into this important step of your life. It will relieve anxieties that you are forgetting something or that you are overwhelmed and behind on the process.

Before you start...

There are a number of helpful tools to making a timeline. If you're the type who is constantly on your laptop or smartphone, you can keep your timeline in a document or spreadsheet there and make sure it's synced up between your devices so you can refer to it when needed. If you're more of an App kind of person, there are several apps on the market for helping you keep on schedule. They'll give you updates periodically and remind you when an upcoming task is due. Do you still keep a hard copy planner and carry it in your bag wherever you go? If so, consider drawing up a physical timeline that you can refer to. Just make sure you write it in pencil because you will invariably need to update it now and then.

Dates for your timeline

Here are some items you should strongly consider putting on your home buying timeline. Everyone's timeline is different because each person has their own requirements when it comes to how soon they want to move. Give yourself realistic dates and look ahead on the calendar to make sure your items don't conflict with holidays or upcoming vacations. TIMELINE ITEMS
  1. Consider more than finances. Before contacting realtors or even before browsing listings online think about your own goals. If you're moving with another person think about your futures and where your careers may take you. The first date on your timeline should be a long discussion about the future and what you would like it to look like.
  2. Crunch the numbers. Consider your savings, expenses, current income, and projected income. As a general rule, don't look into buying homes over 2-3 times your income.
  3. Research lenders. Odds are you'll have a mortgage for quite some time, therefore you'll want to make sure your relationship with your lender is ideal. Read reviews, speak with several lenders, and talk to your friends and family about their experiences.
  4. Research insurance. The sooner you know how much you'll be paying in insurance the better.
  5. Get pre-approved.  Doing this early tells home sellers that you are a qualified buyer.
  6. House hunt. This is the fun part. Give yourself plenty of time to consider options.
  7. Make an offer. Consider the features of the home, the cost of he homes in the neighborhood, and the seller's disposition toward the home (whether they need to sell it quickly or are just testing the water).
  8. Double check your contracts. Re-read all of your paperwork and make copies/back it up.







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