JoAnn Asselin's Blog
Ready to enjoy a successful homebuying experience? Ultimately, becoming a resourceful homebuyer will make it easy to transform your homeownership dream into a reality.
A resourceful homebuyer possesses the skills and know-how needed to streamline the property buying cycle. Plus, this homebuyer will be better equipped than others to maximize the time and resources at his or her disposal and speed up the process of going from homebuyer to homeowner.
Now, let's take a look at three tips that you can use to become a resourceful homebuyer.
1. Know What You Want from a Home
You know that you'd like to own a house, but what are you looking for in your dream residence? As a resourceful homebuyer, you'll know exactly what you'd like to find in the perfect home. That way, you can narrow your home search.
Creating a checklist of dream home "must-haves" usually is a great starting point for a resourceful homebuyer. This checklist will enable you to determine what features you want in your ideal residence.
In addition, keep in mind that every house has its pros and cons. And if you set realistic homebuying expectations from the get-go, you'll be able to boost your chances of finding a home that can serve you well for years to come.
2. Take Advantage of Housing Market Data
There is no shortage of housing market data available. With this information in hand, you should have no trouble entering the housing market with the resources that you need to succeed.
Examine the prices of available houses in cities or towns where you'd like to live. By doing so, you can better understand how much it will cost to acquire your dream residence.
Also, check out the prices of recently sold houses in areas that you're considering. This housing market data will help you differentiate between a buyer's market and a seller's one and ensure you can map out your homebuying journey accordingly.
3. Collaborate with a Real Estate Agent
Even a resourceful homebuyer knows his or her limitations. Luckily, real estate agents are available nationwide, and these housing market experts can help homebuyers fill in the gaps along the property buying journey.
A real estate agent understands the ins and outs of purchasing a great home at an affordable price. This housing market professional will set up home showings for you, keep you up to date about new residences as they become available and negotiate with property sellers on your behalf. Furthermore, he or she is happy to respond to any homebuying concerns and questions at any time.
Let's not forget about the confidence that a real estate agent provides to a homebuyer, either. A real estate agent will help you seamlessly navigate the property buying journey. Thus, he or she will simplify the process of acquiring a top-notch residence that matches or exceeds your expectations.
Start your homebuying journey today – use these tips, and you can become a resourceful property buyer.
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.
Living with kids can be challenging for so many reasons. One of the biggest concerns that most parents have within their home besides keeping their home safe is keeping it neat and clean. Although it can seem like an impossible task, you can keep your house clean while your kids are still living in the house. Read on for some tips to a clean and organized house.
Get Rid Of What You Don’t Use
Too much stuff is one of the first problems in a messy home. You need to make a list of every space in your home. See which areas need improvement. Start in those spots to see how much more space you can make. Keep only the essentials. Everything else should be donated or tossed in the trash. If you have more space to get organized, the task of being neat will be even easier to achieve.
Everything Needs A Place
After you get rid of what you don’t use, clutter can still accumulate easily. If you don’t have a system in place to help your kids put things away, chaos will continue to ensue. How do you develop a sense or organization? Group things together. Electronics, batteries, and cords should go together. Different types of toys can have separate bins and containers. Keep blocks with other blocks and crayons with art supplies. Not only will things be more accessible to put away for your kids, but they’ll also be able to find item easier as well. Do you see that you still need a “junk drawer”? You can designate one spot in the house for miscellaneous things that either need a home or are in transition. Just don’t let this space be too big or get out of hand.
Have A Clean-Up Time In Place
Sometimes, clutter becomes a problem because we don’t make cleaning up a priority. Add cleaning up clutter to your list of what needs to be done on a daily basis. Just as you clean your dirty dishes up from the sink, you should take the time to put items back in their place. Are you a procrastinator? Make sure you keep the importance of cleaning up fresh in your mind. Keeping clutter at bay is a habit that needs to be developed by both you and your kids. As a parent, you can make a game or competition out of clean up time. This contest can help to motivate your kids to learn your organizational systems and keep them in place.
Keeping a neat house when you have kids isn’t as impossible as it seems when you attack the project from the right angle.
Many sellers rely on agents to help them to deal with the task of selling their home. If you’re looking to buy or sell a home, a real estate agent isn’t required. There are many advantages and disadvantages to selling your home as a “For Sale By Owner” (FSBO). Read on to discover the good and bad of selling your home on your own.
Avoid Paying Commission
Real estate commission is the main reason that many sellers choose to go it alone. You’ll pay about 6% commission on the sale of your home between buyers and sellers agents. When figuring out the asking price for your property, this number that you’ll pay for a commission is included. This sale price also should be enough to pay off the remaining balance on the property. If you don’t have a lot of equity in your home, an FSBO may be your only option if you can’t afford the commission. Another option is to wait to sell your home until you have built up enough equity for the transaction to make sense for you.
You Can Find Other Resources To Help You Sell The Property
There are so many resources available to FSBOs in today’s market. Yards signs aren’t the only thing that sellers can use to get people interested in their property. Many websites and resources assist people taking the FSBO approach. You still may not be able to get your property listed everywhere if you’re not a real estate agent.
You Won’t Be Able To List The Property Fully
Only licensed real estate agents have access to the MLS, where buyers' agents and other websites pull available properties. Not having access to this can be a deterrent to the marketing of your home. You could miss out on getting many home showings that you otherwise would if your house was listed on the MLS.
There’s No One To Help You With Paperwork And Negotiations
Real estate agents certainly earn their commission. There is a lot of work in both selling and buying a home. If you hire an agent, he’ll be taking phone calls, sending off forms, and dealing with the negotiations on the property. An agent will also coordinate home showings and have the ability to show your property when you’re unavailable. If you go it alone, you won’t have that assistance and may be a bit overwhelmed during the selling process.
A real estate agent also understands the lingo better than someone who has been outside of the business. There are many advantages to paying his fee if you decide to hire him for the sale of your home.
Buying is home is a lengthy and, at times, stressful process. So, it can be discouraging when your offer is rejected.
If you’ve recently had a purchase offer rejected by the homeowner, don’t worry--you have options.
In this post, we’re going to cover some of those options so you can start focusing on your next move and potentially even make a second offer that gets accepted.
1. Reassess your offer, not the seller
You could spend days guessing the reasons the seller might not have accepted your offer if they didn’t give you a straightforward answer.
However, your time is better spent addressing your own offer. Double check the following things:
Is your offer significantly lower than the asking price?
If so, is it lower than comparable sale prices for homes in the neighborhood?
Does your offer contain more than the usual contingencies?
Once you’ve reassessed, you can determine if a second offer is appropriate for your situation, or if you’re ready to move onto other prospects with the knowledge you’ve gained from this experience in hand.
2. Formulate your second offer
So, you’ve decided to make another attempt at the house. Now is the time to discuss details with your spouse and real estate agent.
Out of respect for the seller’s time and their timeline for selling the home, you should treat your second offer as your last.
So, make sure you’re putting your best offer forward. This can mean removing those contingencies mentioned earlier or increasing the amount. However, be realistic about your budget and don’t waive contingencies that are necessary (commonly appraisals, inspection, and financing contingencies).
3. Consider including a personal offer letter
In today’s competitive market, many sellers are fielding multiple offers on their home. To set yourself apart from the competitors and to help the seller get to know your goals and reasoning better, a personal letter is often a great tool.
Don’t be afraid to give details in your offer letter. Explain what excites you about the house, why it is ideal for your family, and what your plans are for living there.
What shouldn’t you include in your offer letter? Avoid statements that try to evoke pity or guilt from the seller. This seldom works and will put-off most buyers to your offer.
4. Moving on is good time management
If you aren’t comfortable increasing your offer or if you receive a second rejection, it’s typically a good idea to move onto other prospects. It may seem like wasted time--however, just like a job interview that didn’t go as planned, it’s an excellent learning experience.
You’ll walk away knowing more about the negotiation process, dealing with sellers and agents, and you might even find a home that’s better than the first one in the process!