Donna Moy-Bruno's Blog
The homebuying journey should be fast and seamless, but problems may arise that prevent you from accomplishing your desired goals. For example, if a buyer with a poor credit score fails to get financing before submitting an offer to purchase a house, this individual may struggle to acquire his or her dream residence. Or, if a buyer fails to evaluate various housing market data, he or she may miss out on opportunities to purchase the right house at an affordable price.
There is no need to worry about homebuying crises. Lucky for you, we're here to guide you along the homebuying journey and ensure you can mitigate problems that otherwise may make it difficult for you to buy your dream house.
Avoid homebuying crises – here are three tips to help you minimize the risk of encountering problems during the homebuying journey.
1. Learn About the Local Housing Market
The housing market is complex, regardless of whether you are pursuing residences in small towns or big cities. Fortunately, plenty of housing market data is available to help you understand real estate patterns and trends. This information can help you map out your homebuying journey based on the current housing market's conditions.
Typically, it helps to look at the prices of recently sold houses in your preferred cities and towns. This information highlights whether house sellers are receiving offers at or above their initial asking prices and may help you differentiate a buyer's market from a seller's one.
You also should examine the prices of available houses that match your homebuying criteria. That way, you can hone your home search and accelerate the homebuying journey.
2. Get Pre-Approved for a Mortgage
Believe it or not, it usually does not take long for a homebuyer to get pre-approved for a mortgage. In fact, banks and credit unions can quickly teach you about different home financing options and ensure you can make an informed mortgage decision.
If you receive pre-approval for a mortgage, you can enter the housing market with a budget. Then, when you discover your dream house, you can submit an offer to purchase with home financing in hand.
3. Work with a Real Estate Agent
A real estate agent is a must-hire, especially if you want to limit the risk of potential crises during the homebuying journey. With a real estate agent at your side, you can identify homebuying problems and resolve these issues before they escalate.
Generally, a real estate agent will support you at each stage of the homebuying journey. He or she first will learn about you and your homebuying goals. Then, a real estate agent will create a personalized homebuying strategy to help you accomplish the optimal results. And if you have concerns or questions during the homebuying journey, a real estate agent is happy to respond to them.
Prevent homebuying crises – use the aforementioned tips, and you can increase the likelihood of a successful homebuying experience.
Sometimes you just can't decide if you like modern, traditional, antiques, or transitional. The decision to choose one over the others is even more difficult if you've inherited family heirlooms with which you simply can't part. So, what do you do? Make a mashup that expresses all your styles!
Mix and match
Avoid the confining idea that furnishings need to match in order to “go.” A traditional sofa, Mid-Century Modern chair, an Art Deco table, and antique lamps can fit together as long as you remember and practice some of these "rules"—actually, they're more like suggestions since everything depends on what you own and want to keep.
- Size matters. You can blend nearly any style together in your eclectic home as long as each piece is of similar “weight” in the overall scheme of things. What is weight? The thickness of the wood, height of the chairs, balance of the materials, all contribute to how a piece dominates the room. A heavy traditional leather sofa might overshadow a fine antique table, so perhaps they belong in different places.
- Composition communicates. When everything in the room is modern except that one piece, it might seem out of place. Compose a balanced creation that has a few items from each era to make your design purposeful.
- Texture transforms. When mixing several wood types or finishes, find a unifying texture to tie the pieces together. Make your sofa pillows of a similar feel to your throw and tablecloths so that it pulls the look together. Or utilize disparate textures in similar hues to drive the narrative of the room.
- Metals magnify. Mixing metallics such as a metal and glass side table with natural wooden chairs and painted bookshelves makes layers in light and crisp, reflective and matte, to give your room depth and dimension.
- Color calms. As mentioned above, utilizing a similar hue or range of shades from the same palette pulls the look together while deliberate splashes of a contrasting color provide interest and draw the eye.
- Frame it up. To create equivalent mass to wall art, balance a large modern piece on one wall with a collage of smaller art in a variety of frames opposite. Spotlight a large framed mirror above a fireplace to add drama, or set it atop a Mid-Century Modern credenza to juxtapose eras.
Ultimately, your style is all about what makes you happy. If your pieces don't yet lend themselves to an utterly eclectic look, keep adding to your collection until they do. And if you're looking for an especially unique home, let your property specialist know what's on your mind.
While home remodeling can be about getting your home some major cool points, you really want to be focused on the home remodeling projects that will provide you the greatest amount of return on your investment. There are certain home remodeling projects that just aren’t worth it. Others will help the value of your home truly soar. It’s important to invest your money carefully and thoughtfully. If you know that you’re moving in the near future, you may not even want to undertake remodeling projects for fear that they won’t be worth it. There are certain projects that are absolutely necessary for you to complete if you hope to get the top value for your home. You don’t ant to put in thousands of dollars with no sign of return for your investment.
You don’t need to get complex when it comes to remodeling your home. Take a look at what needs help on the surface. This will include things like new kitchen countertops, replacing sinks, cabinet refacing, or floor retiling. Don’t bother with huge structural changes to the home. Also, keep in mind that someone else has a different taste than you. Keep things neutral. You might love a bright yellow kitchen, but it’s certain that the next owner will probably have a different preference.
Work With What You Have
While you may wish that you had a lot more space and hope to put an addition on the home, the next owners could have a different vision. While there will be more square feet of living space, many buyers look at a home’s potential for them. There’s no sense in starting a bunch of huge construction projects that will only become a costly source of stress.
Make The Necessary Repairs
Buyers will love a home that has a fairly new roof over one that will need a roof replacement within a couple of years. You should fix the things around the home that need to be tended to. This includes window replacements, roofs, electrical outlet work, and major yard issues.
Don’t Forget The Outdoors
It’s important for your home to look good from the outside as well. Buyers appreciate a home that has been well taken care of. Take the time, money, and effort to keep up your lawn and outdoor landscaping. Planting some greenery around can never hurt. While new owners may have different tastes than you, it’s always a bonus to move into a house and have a little less work to do on the outside!
212 America Blvd, Ashland, MA 01721
Contingency in real estate means an agreement of sale that must take place to continue the transaction. There are numbers of options that buyers can include in their contracts. Below are five common home offer contingencies to consider:
Inspections are of great benefit in the process of buying a home. They enable the buyer to know the exact condition of the property. Most home buyers know inspections cover the general examination of all the systems of the home as well as checking the interior and the exterior. Apart from that, there are other inspections like checking for damages from wood-destroying insects. The inspection contingency comes into play once all the necessary checking is complete.
Financing contingency is essential if you are buying your apartment through a mortgage. Financing contingency gives you the opportunity and time to apply for home purchase financing. The financing contingency states that if you are unable to secure a loan for the purchase of your home, you are eligible to look for other alternative means or you back out from the sale.
Appraisal contingency and financial contingency work hand in hand. One of the requirements for granting a loan by most mortgage companies is a satisfactory appraisal. Do not forget that the evaluation is what shows the fair market value of a property. Therefore, an appraisal contingency is significant because it protects you in a situation where the sales price is not at par with the fair market value.
Home sale contingencies
The home sale contingency is the favorite among property buyers. This contingency gives you a specified period to locate a buyer for your home. If this is not achievable within the stipulated time, you have the privilege of abandoning the sales without anything happening to your money. However, this contingency is not popular among sellers, so not often practiced.
Title contingency is also significant in real estate investment. A title to the home is a record that gives information about the ownership of a property. It is a legal document that indicates the people that have owned a property in the past and present. Apart from that, it also gives a record of any judgment made in the past regarding the property.
Be sure to read up and educate yourself on various contingencies that could apply to your sale agreement, so you always have protection. Let your real estate professional advise you about appropriate contingencies to accept and ones to avoid.