Jonathan Parker & Sharon Kelley's Blog
As a homebuyer, it is important to set high expectations. At the same time, a homebuyer must act reasonably, or he or she risks missing out on a golden opportunity to acquire the perfect residence.
Ultimately, becoming a reasonable homebuyer can be quick and easy – here are three tips to help you do just that.
1. Establish Realistic Expectations for the Homebuying Journey
The homebuying journey sometimes can take weeks or months to complete, and a homebuyer should plan accordingly. By doing so, a homebuyer can prepare for any potential homebuying pitfalls.
For example, a homebuyer may submit an offer on a home and receive a "Yes" from a home seller. But if a home inspector discovers myriad problems with a residence, a homebuyer may need to walk away from the house and restart the homebuying journey.
In the aforementioned scenario, a homebuyer may become frustrated and annoyed, and for good reason. Conversely, if a homebuyer understands the challenges associated with buying a house, he or she can plan for the best- and worst-case scenarios.
2. Search for Homes That Fall Within Your Price Range
Have you established a budget for your home search? If not, you may wind up focusing on houses that you won't be able to afford.
Get pre-approved for a home loan – you'll be glad you did. With a home loan in hand, you can enter the real estate market with a homebuying budget. Then, you'll be able to narrow your home search to houses that fall within your price range, thereby speeding up your search for the ideal residence.
It won't take long to get pre-approved for a home loan, either. In fact, if you meet with local banks and credit unions, you can instantly learn about a variety of home loan options.
3. Collaborate with a Real Estate Agent
Although you know that you want to buy a house, you have no idea what to expect during the homebuying journey. Fortunately, if you hire a real estate agent, you can learn what it takes to stay calm, cool and collected as you search for a house.
A real estate agent is a housing market expert who takes pride in his or her work. As such, a real estate agent will be available to respond to your homebuying concerns and questions, ensuring that you can make an informed home purchase.
Perhaps best of all, a real estate agent will go above and beyond the call of duty to eliminate homebuying hurdles.
For instance, a real estate agent is happy to negotiate with a seller's agent on your behalf, guaranteeing that you can avoid the stress of negotiating a home price. Or, if you need help finding a qualified home inspector, real estate attorney or other local professionals, your real estate agent can provide honest, unbiased recommendations.
Be reasonable as you kick off your search for your dream residence. That way, you can seamlessly navigate the homebuying journey and improve your chances of acquiring a house that matches or exceeds your expectations.
A homebuyer must stay focused throughout the property buying journey. Otherwise, a buyer risks missing out on an opportunity to acquire the right house at the right price.
Now, let's take a look at three tips to help you stay on course during the homebuying journey.
1. Craft a Homebuying Strategy
Creating a homebuying strategy enables you to outline the steps that you'll need to take to make your homeownership dream come true. Plus, with a homebuying plan in place, you'll be better equipped than ever before to streamline your house search.
Think about where you want to live and what you want to find in your ideal residence. Then, you can make a checklist of home must-haves and wants. And once you develop this list, you can enter the housing market with a plan in hand.
2. Get Pre-Approved for Home Financing
Home financing plays an important role in a buyer's ability to acquire a residence. If you ignore home financing as you move along the homebuying journey, you may struggle to get the finances you need to purchase your dream house.
Oftentimes, it helps to get pre-approved for a mortgage so you won't have to worry about home financing as you move along the property buying journey. To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. That way, you can learn about all of your mortgage options and select a mortgage that matches your finances.
As you review your mortgage options, don't hesitate to ask questions. Banks and credit unions employ home financing specialists who can remove the guesswork commonly associated with getting a mortgage. These specialists are happy to respond to your mortgage concerns and questions and ensure that you can make an informed home financing decision.
3. Work with a Real Estate Agent
When it comes to staying focused during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional can offer plenty of assistance throughout the property buying journey. And by doing so, a real estate agent will ensure that you can seamlessly navigate the property buying journey and achieve your desired results faster than ever before.
A real estate agent understands the challenges that buyers frequently encounter when they pursue houses and can help you plan accordingly. Furthermore, a real estate agent will guide you along each stage of the homebuying journey and do everything possible to help you avoid potential pitfalls.
Also, a real estate agent provides comprehensive support as you get ready to finalize a house purchase. He or she will help you get ready for a home inspection, appraisal or closing and ensure that you can purchase your ideal house at a budget-friendly price.
Don't lose focus as you pursue your dream residence. Instead, use the aforementioned tips, and you can stay on course and accomplish your homebuying goals.
A real estate agent is a must-have for homebuyers, particularly in a highly competitive housing market. However, it is important to understand what it takes to work with a real estate professional to ensure you can enjoy a fast, seamless homebuying experience.
What does it take to get the best results from the homebuying journey? Here are three rules to follow so that you and your real estate agent can work together to find your dream house.
1. Establish Realistic Homebuying Expectations Before You Begin Your Home Search
Buying a home can be a long, costly process if you're not careful. But with the right real estate agent at your side, you can simplify your house search.
Ultimately, you should work with a real estate agent to establish clear-cut homebuying expectations before you embark on your search for the perfect residence. This will enable you and your real estate agent to work together to achieve a common goal.
With realistic homebuying expectations, you'll be able to help your real estate agent understand what you'd like to find in your dream residence. Meanwhile, your real estate agent can get to work and keep you up to date about available homes that will meet or exceed your expectations.
2. Understand Your Real Estate Agent's Role in the Homebuying Process
A real estate agent should define his or her role in the homebuying process. That way, you'll know exactly what to expect as you go from homebuyer to homeowner.
Typically, a real estate agent will set up home showings, negotiate with home sellers on your behalf and offer honest, unbiased homebuying recommendations. He or she also should be available to respond to your questions throughout the homebuying journey.
Your real estate agent will be happy to assist you in any way possible. By doing so, he or she will make it simple for you acquire to acquire your ideal residence at a price that matches your budget.
3. Ensure That Both You and Your Real Estate Agent Are Comfortable Working with One Another
Communication plays a key role in the success of a homebuyer and his or her real estate agent. If you keep the lines of communication open with your real estate agent, you should have no trouble staying on top of the housing market.
In most instances, a real estate agent will be able to keep in touch with a homebuyer via phone, email and text. At the same time, you should try to remain available to your real estate agent as much as possible.
With ongoing communication with your real estate agent, you'll be able to stay informed as new properties become available that fit your homebuying criteria. Furthermore, your real estate agent can help you alleviate stress by listening to your homebuying concerns at each stage of the homebuying journey.
Many real estate professionals are available in cities and towns nationwide. Start your search for a real estate agent today, and you can move one step closer to discovering your dream home.
If you want to streamline your home search, there is no need to worry. In fact, there are several things you can do to quickly and effortlessly discover a great house at a budget-friendly price.
Now, let's take a look at three tips to help you streamline your search for your ideal house.
1. Create Homebuying Criteria
Homebuying criteria may help you save time as you embark on a quest to find your dream home. Because if you enter the housing market with homebuying criteria in hand, you'll know what you want to discover in your ideal residence.
To create homebuying criteria, think about your home must-haves and wants. Then, you can search for houses based on your homebuying criteria and move one step closer to finding a residence that you can enjoy for years to come.
Of course, it is important to remain flexible as you pursue your dream house too. And if necessary, you should be ready to adjust your homebuying criteria as your home search progresses.
2. Hone Your Home Search to Preferred Cities and Towns
You know you want to buy a house, but you still have no idea where you want to settle down. If you make a list of preferred cities and towns, however, you may be able to accelerate your home search.
Consider your short- and long-term aspirations as you prepare a list of preferred cities and towns. For instance, if your long-term goal is to work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you want to own lots of land in a small town, you may want to consider small town residences.
3. Work with a Real Estate Agent
Searching for a home on your own may prove to be time-consuming. Fortunately, real estate agents are homebuying experts who are happy to help you simplify your house search.
By hiring a real estate agent, you can receive comprehensive assistance throughout the property buying journey. A real estate agent will teach you about the housing market and respond to your homebuying concerns and queries. Plus, he or she will offer recommendations and suggestions to help you make an informed home purchase.
In addition, a real estate agent is ready to assist you in a number of ways. He or she will set up home showings, keep you up to date about new houses that become available in your preferred cities and towns and help you submit a competitive offer to purchase your dream home. Perhaps best of all, a real estate agent will do whatever it takes to help you acquire a terrific residence at an affordable price.
As you get set to embark on a home search, it generally is a good idea to enter the housing market as a prepared property buyer. Thanks to the aforementioned tips, you can conduct an in-depth home search without delay. And as a result, you can use these tips to discover your dream house in no time at all.
People downsize their living-space for all kinds of reasons. Making the decision to downsize shouldn't be a negative experience and shouldn't feel like your downgrading your home. Follow these tips to level up your lifestyle and home enjoyment while downsizing your accommodations.
Find a space that works for you.
You might be moving from a large home with a big kitchen or dining area to a more compact condo or cottage and feel like you're losing a lot of space. Think about how your current home is laid out and what parts you utilize the most. If you love your big kitchen, then search for a highly functional, if smaller, kitchen space. Pay attention to how you move through your kitchen now, is it fluid to go between different cooking, prep and cleaning areas? You might find that in reality, you run around your kitchen and loose efficiency. Look for a more compact, but well-appointed kitchen in your new home search and find an even better space for the cooking and entertaining you love.
Modernize your home view.
Your current home may have significant square footage, but how is it laid out? Are there lots of walls and hallways separating your rooms? What height are your ceilings? Does your house have a plethora of windows? Many modern homes have great open layouts. Shared space—a kitchen that opens to your living room, for example—makes both areas feel more substantial. Consider a condo or loft that has extra high ceilings and employ vertical storage to give height and openness to your living space. Finally, windows, windows, windows. Look for a home with large windows, and lots of them. Opening your house up to the beautiful outdoors and letting in lots of natural light gives your home the most added feeling of enlarged space.
Make your new rooms work double for you.
- Invest in a home with open kitchen, living, and dining spaces so you can entertain and remain a part of the activity while creating a meal or prepping drinks.
- Combine your office, guest and craft rooms into one multi-functional space. Use modern storage and office systems to keep your room organized and ready to use for any purpose. Find a great sofa bed for seating and guest use or go old-school with a built-in Murphy bed with added shelving on the exterior.
- Use combination appliances like a stacking washer and dryer or upgrade to front loading systems that you can put under the countertop or build a worktable over.
- Look for outdoor space that maximizes your interior space. French doors or a big sliding door that opens your living or dining room up to your patio expands your useable entertaining space. Find a home with a balcony off the master bedroom and extend your feeling of outdoor space.
Amenities. Amenities. Amenities.
In your home search consider narrowing in on communities with amenities that improve your lifestyle. Community gyms, pools, clubhouses, dog parks, and even a golf course are great opportunities to add to your lifestyle and help you make new connections. Properties with large green areas, barbecue pits, and trees make you feel like the whole community is your backyard. Associations that take care of maintaining your yard or washing windows can reduce the time you spend on home upkeep and free you up to live your life.
No matter the reason for your downsize take the smart steps to make it work for you and help you upgrade your living. Before you start your home search consult with your real estate professional about the best way to find the right space for you.