Wilmington MA Real Estate | Jonathan Parker & Sharon Kelley - RE/MAX Encore


Finding a deal on a new home sometimes can be difficult. Fortunately, we're here to help you shop for your dream residence so you can discover a house that matches your budget perfectly.

Now, let's take a look at three tips to ensure you can pay the lowest-possible price for your dream residence.

1. Be Aggressive During Your Home Search

Much in the same way that the early bird catches the worm, a homebuyer who tracks the real estate market closely is better equipped than others to discover a deal. If a buyer monitors the housing market in his or her preferred cities and towns, this individual may be able to pounce at the opportunity to acquire a quality house at an affordable price.

Oftentimes, it helps to make a list of homebuying criteria. This list will help you narrow your home search and eliminate houses that fall outside your price range.

You also may want to get pre-approved for a mortgage. With a mortgage in hand, you'll know precisely how much you can spend on a home and may be able to navigate the homebuying journey more quickly than other buyers.

2. Evaluate a Home's Strengths and Weaknesses

Once you discover your dream house, you likely won't want to wait long to submit a competitive offer to purchase. Because the longer you wait, the more likely it becomes that a rival homebuyer could make a move to acquire this residence.

If you find a home that you may want to purchase, analyze its strengths and weaknesses. This will allow you to determine whether the residence is right for you. And if you believe this house is the ideal choice, you can weigh the residence's strengths and weaknesses as you craft an offer to purchase.

Furthermore, there is no need to submit a "lowball" offer to purchase your ideal residence. If you review a home's condition, the current state of the housing market and other real estate factors, you should no trouble submitting a "fair" offer to purchase.

3. Collaborate with a Real Estate Agent

A real estate agent is committed to helping a homebuyer discover a terrific home that corresponds to his or her budget. As such, a real estate agent will collaborate with a buyer and ensure this individual's homeownership dream can come true.

Typically, a real estate agent and a homebuyer will work together to develop a property buying strategy. When this plan is in place, a real estate agent and a buyer will explore the housing market and find a great home at a price that suits the buyer.

A real estate agent is ready to provide comprehensive guidance for homebuyers too. And if a buyer ever has questions during the property buying cycle, a real estate agent is ready to respond to these queries at any time.

Want to pay a low price for your dream house? Use the aforementioned tips, and you can seamlessly navigate the real estate market and find a top-notch and budget-friendly house.


Let's face it – the homebuying journey may prove to be an expensive experience. If you're not careful, you risk overspending to acquire your dream house. On the other hand, if you purchase a home without identifying underlying structural problems, you risk costly home repairs down the line.

Ultimately, it helps to establish a budget for the homebuying journey. If you have a budget in place, you can increase the likelihood of having the necessary funds on hand to overcome many potential homebuying hurdles.

You should have no trouble creating a homebuying budget, either. In fact, here are three tips to help you put together a budget for the homebuying journey.

1. Assess Your Financial Situation

If you intend to purchase a house in the foreseeable future, you'll want to take a close look at your finances. By doing so, you may be able to reduce your monthly spending and use your savings to accelerate the homebuying journey.

It often helps to assess your daily, weekly and monthly expenses. Then, you may discover bills that you can cut from your everyday budget.

For example, you may enjoy dining out regularly, but cooking at home may prove to be more cost-effective. And as you reduce your dining expenses, you can save money that you can use toward the down payment on a new house.

2. Obtain Your Credit Score

Believe it or not, your credit score can make a world of difference in your quest to acquire a house. If you check your credit score, you may be able to find ways to improve your credit score prior to kicking off a house search.

You are eligible to receive a free copy of your credit report from each of the three reporting bureaus (Experian, Equifax and TransUnion). Take advantage of this perk, and you can learn your credit score in no time at all.

Remember, your credit score may have a major impact on your ability to land a favorable mortgage. And if you find that you have a below-average credit score, you then can pay off outstanding debt to improve it before you start your search for a new home.

3. Get Pre-Approved for a Mortgage

Pre-approval for a mortgage is ideal. With a mortgage in hand, you can enter the real estate market with a budget for buying a house.

To get pre-approved for a mortgage, you should meet with banks and credit unions. These financial institutions can offer insights into a variety of mortgage options and help you make an informed mortgage selection.

Lastly, as you prepare a homebuying budget, you may want to collaborate with a real estate agent. This housing market professional can help you hone your home search to residences that fall within your price range. Perhaps best of all, a real estate agent will make it simple for you to avoid spending too much to acquire your dream house.

Get ready to buy a house – use the aforementioned tips, and you can establish a successful homebuying budget.


The homebuying journey is rarely problem-free. Fortunately, homebuyers who know how to address challenges throughout the property buying journey should have no trouble making their homeownership dreams come true.

Now, let's take a look at three tips to help you develop an effective approach to address any homebuying challenges that come your way.

1. Be Diligent

When it comes to homebuying challenges, it helps to be diligent. A diligent homebuyer allocates time and resources to understand problems and address them from every angle. As such, this buyer may be better equipped than others to find the right solution to any homebuying challenge, at any time.

Furthermore, a diligent homebuyer often learns about the housing market and analyzes real estate market patterns and trends. With this information at his or her disposal, a homebuyer can use real estate market data to gain an advantage over rival property buyers. And as a result, a diligent homebuyer can use housing market data to make fast, informed decisions throughout the property buying journey.

2. Understand the Worst-Case Scenarios

No one likes to think about the worst-case scenarios. Yet considering potential challenges that could arise during the homebuying cycle may help a property buyer plan ahead for these problems.

As a homebuyer, it is important to prepare as much as possible for all stages of the property buying journey. If a buyer understands potential challenges, he or she may be able to address such problems without delay. Perhaps best of all, this buyer can minimize the risk of encountering possible hurdles that otherwise may prevent him or her from finding the right house at the right price.

3. Work with a Real Estate Agent

Dealing with a homebuying challenge on your own can cause immense stress. Lucky for you, real estate agents are available who can help you identify and resolve any homebuying challenges before they escalate.

A real estate agent is a homebuying expert who can guide you along each stage of the property buying journey. First, he or she will learn about your homebuying goals and craft a custom property buying strategy. A real estate agent next will keep you up to date about new homes that match your property buying criteria, as well as set up home showings. And once you find a house that you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence.

Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase a home, either. At this point, a real estate agent will help you schedule a house inspection and ensure that you are fully prepared for closing day. And if you have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to become a confident homebuyer? Use the aforementioned tips, and you can bolster your homebuying confidence and address any homebuying challenges with poise and integrity.


Once you move in with a partner, you know you have reached an important milestone in your relationship. For the first time, you could be talking about money with your partner. Whether you’re moving into an apartment or buying a home together, it’s important to break down how you’ll merge your finances together. 


While it’s one of the least romantic conversations that you’ll probably have as a couple, sharing your financial situation is one of the most vital. Below you’ll find some tips on starting that conversation and making it a smooth one.


Be Honest


In any relationship, honesty and communication are key. This is especially true when it comes to finances. There’s a lot that goes into your own financial picture, and it’s important that you share that with your partner. This is important for everything that will happen in the future including purchasing a home. Some things that your partner should know:


  • How much loan debt you have
  • A rough idea of your credit score and history
  • Your income
  • Your spending habits
  • Your saving habits

It’s important to know how another person’s habits will affect you as a whole when you’re thinking of making an investment together like a piece of property. Everyone handles money differently, and you should know how someone’s spending habits meshes with yours. Do they live paycheck to paycheck? Do they save money regularly? Are they financially strained? All of these questions help you to understand where you are similar and where you are different when it comes to money.



Have A Plan For How You’ll Divide Expenses


It may seem like a 50/50 split on expenses makes the most sense. For many couples it does. In other situations, if one person makes more money, they may need to pay a bit more of the costs. Some couples have one person pay the rent while the other takes the utilities on as an expense. Take amounts and percentages that you feel comfortable with and do what wrks best for the both of you. 


Remember that chores count too when it comes to dividing up the “expenses.” This is just an extra tip that will help you to build a stronger relationship in the long term and help to save arguments.


Use A Joint Account For Expenses


You should still keep your own bank accounts when you move in with a significant other.  All of your money shouldn’t be funneled into one singular account. Create a separate bank account for your expenses like rent or mortgage and utilities. All of your personal expenses should come out of your own respective accounts. 


Make Contracts


No matter how much you feel that you can trust a person, it’s always good to put everything in writing. This way, if there are any disputes in the future, you’ll always have a contract that you can refer back to. It’s also important to have these documents for things like security deposits or down payments. If the relationship ends at any point, it’s important for the person who paid for certain things to get their money back.     


Planning and tracking your finances when you move in with a significant other is important. It will certainly make your life easier if you have these conversations beforehand.


Entering the housing market may be difficult for a buyer. In many instances, buyers worry about paying too much for a house. On the other hand, the temptation to overspend on a house sometimes can be overwhelming for a homebuyer who is concerned about losing his or her dream residence to a rival buyer.

Fortunately, we're here to help you determine exactly what you can afford to pay for a house, thereby reducing the risk of spending too much on a residence.

Let's take a look at three tips to ensure a buyer can purchase a great house at the right price.

1. Get Pre-Approved for a Mortgage

A mortgage generally is a must-have for a homebuyer. If you get pre-approved for a mortgage, you can start searching for houses that fall within your financial limits.

To learn about your mortgage options, you should meet with a variety of banks and credit unions. These financial institutions employ friendly, knowledgeable mortgage specialists who can teach you about myriad mortgage options.

Also, don't hesitate to ask questions as you search for a mortgage. If you understand all of the mortgage options at your disposal, you can make an informed mortgage decision. Then, you'll be able to start pursuing houses with a budget in hand.

2. Assess the Housing Market

The real estate market frequently fluctuates. As such, you should look closely at housing market data to find out whether you're preparing to search for a house in a buyer's or seller's market.

Oftentimes, it helps to look at the prices of recently sold houses in your area. This will allow you to see how much sellers received for their homes, as well as how long these houses were available before they sold. That way, you can use this housing market data to narrow your price range and establish realistic expectations for your home search.

3. Consult with a Real Estate Agent

A real estate agent is a housing market expert. Therefore, a real estate agent can make it simple for you to pay the right price for your ideal house.

Typically, a real estate agent will want to meet with you before you start your home search. He or she then can learn about you and your homebuying goals and help you craft a homebuying budget. As a result, a real estate agent will allow you to refine your home search, ensuring you can check out high-quality houses at budget-friendly prices.

Let's not forget about the support that a real estate agent delivers throughout the homebuying journey, either. A real estate agent will set up home showings and keep you up to date about new houses that fall within your price range. And if you'd like to submit an offer on a house, a real estate agent will help you put together a competitive proposal as well.

Pay the right price for your dream house – use the aforementioned tips, and you can boost the likelihood of discovering the right home, at the right price.




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