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Posted by John Boey on 5/5/2019

If you want to buy your dream house in the near future, you likely will need to put together a competitive offer to purchase. That way, you can boost the likelihood of receiving an immediate "Yes" from a property seller after you submit your homebuying proposal.

Ultimately, it helps to know what differentiates a competitive homebuying proposal from a lowball one. If a homebuyer understands what to offer for a residence, he or she should have no trouble purchasing the right residence at the right price.

To better understand how to acquire your dream house at the lowest-possible price, let's take a look at three tips to help you determine what to offer for a residence.

1. Study the Housing Market Closely

The housing market experiences ebbs and flows. Therefore, a real estate sector that favors homebuyers one day may favor home sellers the next. And if you fail to learn about the current state of the real estate market, you may struggle to put together a competitive offer to purchase your ideal residence.

Analyze the prices of available houses in your area, the prices of recently sold houses in your preferred cities and towns and other housing market data. With this information in hand, you can find out whether you're operating in a buyer's or seller's market. Then, you can craft an offer to purchase your dream residence that accounts for the present state of the real estate market.

2. Weigh the Pros and Cons of Your Dream Home

No house is perfect, and even your dream home may have its fair share of flaws. Fortunately, a homebuyer who assesses the pros and cons of a house may be better equipped than ever before to submit a competitive offer to purchase this residence.

If you view a house multiple times, you can learn about all aspects of this home and assess any property damage. After you obtain these home insights, you can create a competitive offer to purchase that accounts for the house's current condition.

3. Collaborate with a Real Estate Agent

When it comes to purchasing a house at a price that matches your expectations, it generally is beneficial to work with a real estate agent. This housing market professional will do everything possible to help you buy your dream home at a price that fits your budget.

A real estate agent understands the ins and outs of the real estate sector and can help you map out a successful homebuying strategy. He or she first will offer insights into available homes in your preferred cities and towns. Next, when you find your dream residence, a real estate agent will help you craft a competitive homebuying proposal. And if your offer to purchase is accepted, a real estate agent will make it easy to navigate the final steps of the homebuying journey.

Ready to streamline your quest for your ideal house? Use the aforementioned tips, and you can improve your chances of acquiring your dream home at a price that you can afford.




Categories: Buying a Home   buying tips  


Posted by John Boey on 3/24/2019

Let's face it most homebuyers have limited time and resources at their disposal. As such, it is crucial for buyers to do everything possible to optimize their time and resources throughout the property buying journey. Because if a buyer maximizes his or her time and resources, this individual can boost the likelihood of enjoying a successful homebuying experience.

Now, let's take a look at three tips to help a homebuyer get the most out of his or her time and resources.

1. Craft a Homebuying Strategy

If you know you want to buy a home, you should develop a property buying strategy. That way, you can map out the steps you'll need to take to find and acquire your dream residence.

A typical homebuying strategy should account for your budget, timeline and other property buying factors. If you analyze these factors, you could streamline your quest to discover your ideal house.

2. Narrow Your Home Search

You plan to buy a house as soon as possible, but you still have no idea where you want to reside. Fortunately, if you hone your house search to a few cities and towns, you may be able to quickly and effortlessly find a great home in an area you can enjoy for years to come.

As you get ready to start a home search, consider your long-term plans. For instance, if your ultimate goal is to work in a big city, you may want to focus on houses in or near major metros. Or, if you want to raise a family, you may want to search for residences near outstanding schools and parks.

In addition, perform lots of research into various cities and towns. If you conduct plenty of research, you can find out whether certain areas match or exceed your expectations and tailor your house search accordingly.

3. Collaborate with a Real Estate Agent

A real estate agent is a property buying expert who understands what it takes to find a terrific residence at a budget-friendly price. Thus, if you hire a real estate agent today, you can get the help you need to reap the benefits of a seamless home search.

Oftentimes, a real estate agent will meet with you, learn about your property buying goals and craft a personalized homebuying strategy. He or she also will respond to your homebuying concerns and questions throughout the property buying journey. By doing so, a real estate agent ensures you can receive expert support as you try to find your dream house.

A real estate agent will make it simple to search for houses that fall within your budget and correspond to your homebuying criteria too. Plus, if you want homebuying recommendations or suggestions, a real estate agent is happy to provide them.

Want to enjoy a fast, successful homebuying experience? Take advantage of the aforementioned tips, and you should have no trouble making the most of your time and resources as you search for your ideal house.




Categories: Buying a Home   buying tips  


Posted by John Boey on 3/10/2019

??Finding the house of your dreams is a process that requires a lot of clarity, diligence, and patience. While it is possible for the first house you look at to be the ideal choice, it's a lot more likely you'll have to look at a dozen or more houses before finding the one that matches your requirements and feels like home.

Whether you're searching for your first home or your tenth, your decision will primarily be based on four factors: affordability, practicality, emotional appeal, and prevailing market conditions.

Affordability is a vital element in the mix because it's difficult to enjoy a beautiful new home if you're always stressed out about whether you'll be able to make the next mortgage payment! Developing a realistic and well thought-out budget is one of the first preliminary steps involved in launching a full-fledged search for your next home. In addition to being able to cover your current expenses and the cost of mortgage payments, you'll also want to ensure that there's a cushion in your budget for things like home maintenance, repairs, improvements, HOA fees (if applicable), property taxes, school taxes, and homeowner's insurance.

As far as practicality goes, your new home should -- at the very least -- live up to your basic needs and expectations. Ideally, all systems should work properly and be in good condition. Proximity to key locations, such as your job, shopping, and essential services can also have a direct impact on your quality of life. Long commutes, cramped quarters, or being buried by an avalanche of repair bills can definitely take some of the pleasure out of home ownership!

The majority of houses you'll look at will probably need some degree of updating, decorating, or repairs, but ideally, you'll want to tackle those projects over the next couple of years, rather than the immediate future! Having an experienced home inspector do a thorough inspection of the home you're interested in will help ensure you're not buying a home riddled with flaws, headaches waiting to happen, and other problems.

Although cost and practicality are vital aspects of buying a new home, you can't (and wouldn't want to) ignore factors such as aesthetics and emotional appeal. If you can't imagine you and your family living in and enjoying a house you're considering buying, it might be time to continue your search elsewhere! The house you ultimately choose should support your lifestyle, provide sufficient space for your family to grow and thrive, and be situated in a neighborhood in which you feel comfortable and safe.

To make the most of your available time and money, find an experienced real estate agent who's responsive to your needs and knowledgeable about the local real estate market. They will help you streamline your search, find houses that meet your criteria and negotiate the best possible price on your behalf.





Posted by John Boey on 1/13/2019

Filling out a mortgage application may prove to be a long, arduous process, particularly for those who are buying a house for the first time. Lucky for you, we're here to help you dot the I's and cross the T's on your mortgage application to ensure you can quickly and effortlessly acquire your dream house.

Now, let's take a look at three tips to help you prepare your mortgage application.

1. Be Diligent

A mortgage application may appear daunting at first. The application may include several pages of questions, and you may have only a limited amount of time to finalize your submission.

When it comes to completing a mortgage application, it generally pays to be diligent. If you answer each mortgage application question to the best of your ability, you likely will have no trouble moving forward with your home purchase.

2. Avoid Guessing

If you're uncertain about how to respond to certain mortgage application questions, there is no need to guess. Instead, search for the information that you need to provide a comprehensive response. This will help reduce the risk of encountering potential problems down the line that otherwise could slow down your home acquisition.

Remember, guessing on a mortgage application probably won't do you or your lender any favors. But if you allocate the necessary time and resources to understand mortgage application questions and provide thoughtful responses, you can minimize the risk of application errors.

3. Ask Questions

Completing a mortgage application sometimes can be tricky. Fortunately, a lender employs mortgage specialists who are happy to respond to your application concerns or questions at any time.

If you're unsure about information that is requested on a mortgage application, don't hesitate to reach out to a lender's mortgage specialists for help. These specialists possess extensive mortgage expertise and can help you complete a mortgage application.

Furthermore, mortgage specialists can offer insights into a wide array of mortgage options. These specialists can explain the differences between fixed- and adjustable-rate mortgages and enable you to select the right mortgage option based on your financial situation.

As you prepare to buy a house, you may want to consult with a real estate agent as well. In fact, with a real estate agent at your side, you can seamlessly navigate the homebuying process.

A real estate agent understands exactly what it takes to acquire a house, regardless of the finances at your disposal. This housing market professional can set up home showings, help you submit offers on houses and ensure you can purchase a residence that matches or exceeds your expectations. And if you need help getting a mortgage, a real estate agent may even be able to connect you with the top lenders in your city or town.

Ready to move forward in the homebuying journey? Use the aforementioned tips, and you can finalize a mortgage application and secure the financing that you need to acquire your ideal residence.




Tags: Buying a home   mortgage  
Categories: Buying a Home   Mortgage  


Posted by John Boey on 10/7/2018

If you want to own a home, it may be a good idea to enter the housing market sooner rather than later. That way, you can go from homebuyer to homeowner in no time at all.

Ultimately, there are three steps to buy a home:

1. Conduct an Extensive Home Search

The home search, aka "the fun part" of the homebuying journey, enables you to select a residence that matches or exceeds your expectations.

During a home search, you'll want to attend open houses and home showings. These events will allow you to take an up-close look at a variety of residences.

Of course, don't forget to check out many home listings as well. These listings offer lots of details about a home and can help you differentiate an ordinary residence from your "dream" house.

You also may want to get pre-approved for a mortgage before you kick off your home search. If you receive pre-approval for a mortgage, you can enter the real estate market with a budget in hand and narrow your home search accordingly.

2. Submit an Offer

If you find a house that you want to own, there is no need to wait to submit an offer. Because the longer that you hesitate to make a proposal, the more likely it becomes that a rival homebuyer will swoop in and acquire your dream house.

Prior to submitting a home offer, it often helps to conduct plenty of housing market research. Look at the prices of recently sold houses that are comparable to the residence that you'd like to buy. Then, you can put together a competitive offer that accounts for a house's condition as well as the current state of the housing market.

It is important to note that a seller has the right to accept, reject or counter your home offer. But if you submit a competitive initial offer on a house, you can increase the likelihood of an instant "Yes."

3. Finalize Your Purchase

After a home seller accepts your offer, it may be only a few weeks until you finalize your home purchase. At this time, you'll want to conduct a home inspection to identify any potential problem areas and address such issues as soon as possible.

When it comes to buying a home, there is no need to forgo a home inspection. If you fail to complete an inspection, you risk buying a house that has underlying issues that you may need to mitigate down the line.

In the weeks leading up to closing day, you will want to have a trusted real estate advisor at your disposal. Fortunately, real estate agents are available who can help you discover a great home and streamline the process of getting to closing day.

A real estate agent is happy to keep you up to date throughout the homebuying cycle. And if you ever have homebuying concerns or questions, this housing market professional is happy to address them.

Purchase your perfect home use the aforementioned steps, and you can make your homeownership dreams come true.




Categories: Buying a Home   buying tips  




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