Mary Crane's Blog
Ready to acquire your dream house? Before you embark on a home search, it often helps to establish a homebuying wish list. That way, you can narrow your house search and discover your dream home without delay.
Now, let's take a look at three factors to consider as you craft your homebuying wish list.
1. Home Size
Home sizes vary. As such, you'll want to consider your living situation closely to ensure you can find a house in a size that suits you perfectly.
Remember, a three-bedroom house may be too big for a single person. Much in the same vein, a one-bedroom home is unlikely to meet the needs of a family of five. But if you consider your living situation ahead of time, you can determine what size home to buy.
2. Home Location
Do you want to own a house that is located just minutes from your office in the city? Or, would you prefer a home in a small town? Think about where you want to live, and you can tailor your home search accordingly.
Keep in mind that home prices will vary based on location. Oftentimes, houses in or near major cities are more expensive than similar homes in small towns. At the same time, homes close to top schools or attractions may prove to be more expensive than others.
3. Home Exterior and Interior Features
Consider the home exterior and interior features that you want – you'll be glad you did. If you evaluate home exterior and interior must-haves, you can create priorities as you search for your dream house.
For instance, buying a house that features a central air unit may be a top priority if you plan to relocate to a warm-weather region. On the other hand, you might want to purchase a house that features an in-ground swimming pool, but you can live without this outdoor amenity if necessary.
A homebuying wish list is essential, regardless of where you choose to pursue houses. In addition, if you require extra help as you get ready to enter the housing market, you may want to employ a real estate agent.
With a real estate agent at your side, you can boost your chances of acquiring a top-notch house at a budget-friendly price. A real estate agent will allocate the necessary time and resources to learn about your homebuying goals. Then, this housing market professional can help you streamline your home search.
Furthermore, a real estate agent will provide expert assistance throughout the homebuying journey. He or she will set up home showings, help you submit offers on homes and handle homebuying negotiations. And if you ever have homebuying questions, a real estate agent is happy to respond to them at any time.
Make your dream of purchasing a home come true – consider the aforementioned factors, and you can create a wish list to help you accomplish your homebuying goals.
Believe it or not, buying a condo can be a quick, easy process, particularly for those who understand their homebuying needs.
Ultimately, there are several factors to consider before you purchase a condo, including:
1. Your Budget
How much can you afford to spend on a condo? You should evaluate your homebuying budget closely to ensure you can cover all of the costs associated with condo living.
Getting pre-approved for a mortgage usually is ideal. With a mortgage in hand, you can browse a wide range of condos and find one that matches your budget perfectly.
Furthermore, don't forget to account for homeowners' association (HOA) fees before you buy a condo. HOA fees will vary depending on the condo community, and you should learn about them in advance so you can budget accordingly.
2. Property Size and Location
How much space do you need to accommodate your family? Consider the short- and long-term ramifications of a condo purchase, and you should have no trouble finding a condo that is the right size for you.
If you're uncertain about how big of a condo that you'll need, don't hesitate to consult with a real estate agent. This housing market expert will learn about your homebuying needs and help you narrow your search for the ideal condo.
Also, be sure to consider the location of a condo. If you want to find a place to live near school or work, you should search for condos that will help you cut down on your commute time.
3. Condo Rules and Regulations
Condo living is different from living in a traditional house. In a condo community, you'll have your own property, but there may be numerous condo rules and regulations in place that you'll need to follow at all times.
For example, many condo owners cannot modify a property's exterior without first getting approval from an HOA board. This means if you want to paint your condo bright pink or upgrade the property's windows, you'll need to ask the HOA board for permission.
Examine a condo community's rules and regulations prior to purchasing a condo. This will enable you to review the HOA board's mandates and determine whether you would feel comfortable following these rules and regulations.
When it comes to finding a condo, there is no need to look for a property on your own. Conversely, if you work with a real estate agent, you can take the guesswork out of searching for a top-notch condo.
Finding a real estate agent with condo experience is essential. This real estate professional will set up condo showings, keep you informed about new condos as they become available and negotiate with property sellers on your behalf. That way, this real estate agent will make it easy for you to acquire a first-rate condo at a budget-friendly price.
Kick off your search for the perfect condo today, and you can move closer to securing a condo that will serve you well for an extended period of time.
Applying for a mortgage is one of the biggest decision that an individual can make in his or her lifetime. As such, it is important for a first-time homebuyer to dedicate the necessary time and resources to employ the best mortgage lender – without exception.
So what does it take to hire the ideal mortgage lender? Here are three tips to help a first-time homebuyer quickly and effortlessly choose the right mortgage lender.
1. Consider a Variety of Lenders
There is no shortage of top-notch lenders in cities and towns across the United States. Thus, a first-time homebuyer can meet with a variety of credit unions and banks to explore all of the mortgage options at his or her disposal.
Spend some time learning about lenders in your area. Look at each lender's experience and reputation, and you may be better equipped than other homebuyers to select the ideal lender based on your individual needs.
Furthermore, conduct face-to-face meetings with lenders. These meetings will allow you to learn about a wide range of mortgage options and will make it easy for you to make an informed decision.
2. Ask Plenty of Questions
When it comes to getting a mortgage for the first time, there is no need to leave anything to chance. Instead, ask plenty of questions as you consult with assorted lenders, and you can gain the insights you need to pick a lender that matches or exceeds your expectations.
Remember, there is no such thing as a "bad" question, particularly when it comes to mortgages. If you meet with various lenders, you can get all of your mortgage concerns and queries addressed without delay.
A first-time homebuyer who asks lots of questions may be able to avoid potential financial pitfalls down the line too. In fact, this homebuyer should have no trouble selecting a great lender who can fulfill his or her mortgage needs for years to come.
3. Consult with a Real Estate Agent
Let's face it – selecting a lender may prove to be exceedingly difficult. Fortunately, a real estate agent is happy to provide honest, unbiased advice to help you find the right lender in no time at all.
A real estate agent understands the challenges of obtaining a terrific mortgage, and as a result, will do everything possible to help a homebuyer discover a lender that can provide outstanding support day after day. Plus, a real estate agent can even help a homebuyer alleviate stress as he or she searches for the right lender.
Let's not forget about the support that a real estate agent can provide throughout the entire homebuying journey, either. Typically, a real estate agent can keep a homebuyer informed about new residences as they become available, set up home showings, negotiate with a home seller on buyer's behalf and much more.
Get the right mortgage any time you choose – use the aforementioned tips, and a first-time homebuyer can streamline the process of selecting the ideal lender.
For those who want to enjoy a quick, seamless homebuying experience, it helps to prepare as much as possible. In fact, those who plan ahead may be better equipped than others to avoid various challenges throughout the homebuying cycle.
From struggling to obtain home financing after a seller accepts your offer to purchase to struggling to find the right home in one of your preferred cities and towns, myriad issues may make it tough for you to achieve your desired results on the homebuying journey. Fortunately, we're here to help you minimize risk as you pursue your dream residence.
Now, let's take a look at three tips to help you avoid a homebuying fiasco.
1. Establish Homebuying Criteria
If you enter the housing market with criteria in hand, you can narrow your house search. As a result, you may be able to accelerate your journey from homebuyer to homeowner.
Think about where you want to live. Then, you can hone your home search and focus exclusively on houses in specific cities and towns.
It also may be beneficial to establish a list of home must-haves and wants. This list can help you determine exactly what you want to find in your dream house so you can map out your home search accordingly.
2. Get Pre-Approved for a Mortgage
There is no need to wait to get a mortgage. Thankfully, lenders are available that can help you get approved for a mortgage before you kick off your home search.
Meet with a variety of banks and credit unions – you'll be glad you did. This will allow you to learn about the ins and outs of different mortgage options.
Furthermore, don't hesitate to ask questions about all of the mortgage options at your disposal. Because if you understand exactly how a mortgage works, you can make an informed mortgage decision.
3. Collaborate with a Real Estate Agent
When it comes to avoiding problems during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional will offer comprehensive support at each stage of the homebuying journey. By doing so, a real estate agent will ensure you can quickly and effortlessly navigate the housing market.
For example, if you want to find a house in a small town, a real estate agent will help you explore residences that match your expectations. He or she will set up home showings and keep you informed about open house events. Plus, if you identify your dream house, a real estate agent will help you submit a competitive offer to purchase.
Let's not forget about the housing market expertise that a real estate agent possesses, either. If you ever have concerns or questions as you pursue your dream house, a real estate agent is happy to address them at any time.
Want to discover your dream residence? Use the aforementioned tips, and you can reduce the risk of encountering problems as you search for your ideal residence.
Want to purchase a home? Spring may prove to be a great time to acquire your dream residence.
Many home sellers add their properties to the spring real estate market annually. Meanwhile, homebuyers can browse a large selection of houses in spring and move closer to transforming their homeownership dream into a reality.
What does it take to secure a home in spring? Here are three tips that spring homebuyers need to know.
1. Browse the Housing Market Closely
Although many homes will be available in spring, it is important to find a residence that matches your budget and lifestyle perfectly. Thus, you'll want to browse the housing market closely and search for a property that you can enjoy for years to come.
Purchasing a house is a major decision, and as such, you'll want to allocate substantial time and resources to find a home in spring. Evaluating online home listings is ideal, and you should find out how long a home has been available, the home's age and other home information before you submit an offer on a residence.
Spring remains a popular season for open houses as well. Therefore, you may want to visit a residence to get an up-close look at a property and determine whether it fulfills your needs.
2. Submit a Competitive Offer
When it comes to submitting an offer on a home in spring, you should try to put your best foot forward.
Ultimately, submitting a competitive offer is paramount for a homebuyer. If you submit an offer that matches a home seller's needs, you can accelerate the homebuying process. On the other hand, a homebuyer who submits a "lowball" offer on a residence could miss out on a golden opportunity to acquire his or her dream residence.
Conduct plenty of research before you submit an offer on a house. By doing so, you'll be able to provide a proposal that corresponds to your budget and a home seller's expectations.
3. Work with a Real Estate Agent
The spring real estate market may be tough to navigate alone due in part to the sheer volume of properties that is available. Lucky for you, real estate agents can help you overcome any obstacles along the way and ensure that you can purchase your dream home quickly.
Hiring an experienced real estate agent can make a world of difference for a homebuyer. This real estate professional can keep you informed about new homes in your area and help you handle negotiations with a home seller. Plus, your real estate agent is always happy to respond to your homebuying queries and will do everything possible to streamline the process of purchasing a residence.
With a friendly real estate agent at your side, you can explore a wide assortment of high-quality houses and find a terrific residence in spring. Employ a real estate agent to minimize guesswork as you search for a home in spring, and you can discover your dream home in no time at all.