RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 12/2/2018

You don't need to be a real estate market expert to find and acquire a great house at a budget-friendly price. In fact, if you use common sense during your home search, you should have no trouble achieving your desired homebuying results.

Now, let's take a look at three tips to help you discover your dream home.

1. Consider Your Home Must-Haves

You know you want to purchase a house, but you still have no idea what defines your ideal residence. However, if you devote time and resources to establish home must-haves, you could speed up your house search.

Think about what will make you happy and what you need from a house. For example, if you want to own a home that is close to your office in the city, you can narrow your home search to residences in or near the city itself. On the other hand, if you require a home that offers multiple bedrooms, you can explore residences that match your needs.

2. Create a Budget

A budget often plays a key role in the homebuying journey. And if you fail to create a budget before you start a house search, you risk checking out residences that fall outside your price range.

To establish a homebuying budget, you should consider your current and future expenses. It may be helpful to make a list of your expenses and compare them against your income. Then, you can determine exactly how much you can afford to pay for a home.

You may want to get pre-approved for a mortgage, too. If you enter the housing market with a mortgage in hand, you can search exclusively for houses that you can afford.

3. Work with a Real Estate Agent

There is no reason to search for your dream home on your own. If you hire a real estate agent, you can receive comprehensive guidance as you explore houses in your preferred cities and towns.

Typically, a real estate agent is willing to go the extra mile to help you achieve the best-possible results. If you want to purchase a home near a beach, for example, a real estate agent can help you do just that. Conversely, if you want to acquire a top-notch house as quickly as possible, a real estate agent will help you accelerate the homebuying cycle.

Let's not forget about the assistance that a real estate agent can provide as you weigh the pros and cons of submitting an offer to purchase a home, either. If you find a home you may want to buy, a real estate agent can help you determine the best course of action. And if you decide to submit a homebuying proposal, a real estate agent will help you craft a competitive offer to purchase.

Want to acquire your dream home? Take advantage of the aforementioned tips, and you can use common sense throughout the homebuying journey and make your homeownership dream come true.





Posted by RE/MAX Executive Realty on 11/18/2018

If you want to own a home, it may be a good idea to enter the housing market sooner rather than later. That way, you can go from homebuyer to homeowner in no time at all.

Ultimately, there are three steps to buy a home:

1. Conduct an Extensive Home Search

The home search, aka "the fun part" of the homebuying journey, enables you to select a residence that matches or exceeds your expectations.

During a home search, you'll want to attend open houses and home showings. These events will allow you to take an up-close look at a variety of residences.

Of course, don't forget to check out many home listings as well. These listings offer lots of details about a home and can help you differentiate an ordinary residence from your "dream" house.

You also may want to get pre-approved for a mortgage before you kick off your home search. If you receive pre-approval for a mortgage, you can enter the real estate market with a budget in hand and narrow your home search accordingly.

2. Submit an Offer

If you find a house that you want to own, there is no need to wait to submit an offer. Because the longer that you hesitate to make a proposal, the more likely it becomes that a rival homebuyer will swoop in and acquire your dream house.

Prior to submitting a home offer, it often helps to conduct plenty of housing market research. Look at the prices of recently sold houses that are comparable to the residence that you'd like to buy. Then, you can put together a competitive offer that accounts for a house's condition as well as the current state of the housing market.

It is important to note that a seller has the right to accept, reject or counter your home offer. But if you submit a competitive initial offer on a house, you can increase the likelihood of an instant "Yes."

3. Finalize Your Purchase

After a home seller accepts your offer, it may be only a few weeks until you finalize your home purchase. At this time, you'll want to conduct a home inspection to identify any potential problem areas and address such issues as soon as possible.

When it comes to buying a home, there is no need to forgo a home inspection. If you fail to complete an inspection, you risk buying a house that has underlying issues that you may need to mitigate down the line.

In the weeks leading up to closing day, you will want to have a trusted real estate advisor at your disposal. Fortunately, real estate agents are available who can help you discover a great home and streamline the process of getting to closing day.

A real estate agent is happy to keep you up to date throughout the homebuying cycle. And if you ever have homebuying concerns or questions, this housing market professional is happy to address them.

Purchase your perfect home use the aforementioned steps, and you can make your homeownership dreams come true.




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Posted by RE/MAX Executive Realty on 10/28/2018

For homebuyers, a home inspection is paramount. This inspection enables you to look closely at a house and identify any problem areas. It also may force you to rethink your decision to buy a house, particularly if you discover a wide range of problems during the inspection.

Ultimately, it pays to consider your options following a home inspection. In fact, if you take an in-depth approach to potential home repairs, you can determine whether to ask a seller to complete these repairs before you finalize a purchase agreement.

Before you ask a seller to perform home repairs, there are several questions that you should consider, and these are:

1. How much will it cost to complete assorted home repairs?

A damaged roof is much more expensive to repair than a defective light fixture. Fortunately, if you assess the costs of potential home repairs, you can differentiate major home repairs from minor ones and plan accordingly.

If a home requires thousands of dollars in repairs, it may be worthwhile to ask a seller to complete these repairs. Otherwise, you'll be responsible for allocating the necessary time and resources to perform costly home repairs after you finalize your house purchase.

On the other hand, minor home repairs may be easy to handle on your own. If you feel comfortable completing minor home repairs, you may want to avoid submitting a request to a seller to perform these repairs. Because if you ask a seller to complete myriad minor home repairs, he or she may walk away from a potential home sale.

2. Are there any required repairs that must be completed right away?

Required repairs, i.e. repairs that will address hazardous conditions in a house, sometimes will need to be completed following a home inspection. These repairs include water penetration issues and local code safety violations.

If required repairs go unaddressed, your lender is unlikely to provide you with the financing that you need to acquire a house. Thus, you should request a seller complete these repairs as soon as possible.

3. Is it worth my time to ask a seller to complete home repairs?

There is no right or wrong answer to the aforementioned question, as every homebuyer and home seller is different. If you are uncomfortable with a house following an inspection, you should examine the inspection report and determine the best course of action. And if you feel that asking a seller to perform home repairs is essential, it is important to do just that.

Lastly, if you need assistance throughout the homebuying journey, it helps to work with an expert real estate agent. This housing market professional usually will attend a home inspection and help you assess a house. Plus, an expert real estate agent is happy to provide recommendations and suggestions to ensure you can make an informed home purchase.

Take the guesswork out of evaluating a house following an inspection consider the aforementioned questions, and you can determine whether to ask a seller to complete home repairs after an inspection.




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Posted by RE/MAX Executive Realty on 10/28/2018

Believe it or not, the process of buying a home can become long and complicated. And if you're not careful, you may encounter many hurdles that prevent you from acquiring your dream residence.

Lucky for you, we're here to teach you about the ins and outs of buying a house and help you simplify the process of going from homebuyer to homeowner.

Now, let's take a look at three common misconceptions associated with buying a home.

1. You will be able to acquire a house in a matter of days.

The process of locating your dream home is unlikely to happen overnight. Instead, a homebuyer usually will need to perform extensive housing market research to discover a residence that meets or exceeds his or her expectations.

Typically, a homebuyer will look at several houses before he or she can find the right residence. This homebuyer then will need to submit an offer on a house. And if a home seller accepts the homebuyer's proposal, a home inspection will need to be completed before a home purchase is finalized.

It is important to set realistic expectations for your home search. In most instances, it may take a few weeks or months to find your perfect residence. But with a diligent approach to your home search, you'll be able to discover a house that can serve you well for years to come.

2. You will be able to buy a home for less than a property's initial asking price.

Understanding the differences between a buyer's market and a seller's market is essential for a homebuyer.

In a buyer's market, many high-quality residences are available. This market usually favors homebuyers, and in many instances, enables property buyers to secure great houses at budget-friendly prices.

On the other hand, a seller's market features a shortage of first-rate properties. As a result, this market favors home sellers, and many homebuyers may compete with one another to secure the best houses.

Regardless of whether you're operating in a buyer's or seller's market, it is paramount to avoid the temptation to submit a "lowball" offer on a residence. By doing so, a homebuyer can minimize the risk of missing out on an opportunity to acquire his or her perfect residence.

3. You can find your dream home without help from a real estate agent.

When it comes to buying a house, the early bird catches the worm. Therefore, an informed, persistent homebuyer is more likely than others to locate a terrific home at an affordable price.

Ultimately, working with a real estate agent is ideal. With a real estate agent at your side, you can receive expert assistance throughout the homebuying journey.

A real estate agent will set up home showings, keep you up to date about new houses as they become available and much more. He or she also will respond to your homebuying questions and ensure you can acquire a stellar home in no time at all.

Take the guesswork out of buying a house collaborate with a real estate agent, and you can make your homeownership dreams come true.




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Posted by RE/MAX Executive Realty on 10/14/2018

After you complete a condo inspection, you'll need to make a major decision: Should you move forward with your condo purchase or rescind your offer?

Ultimately, there are several important questions to assess before you finalize your decision on a condo, including:

1. What was discovered during the property inspection?

Study the results of a condo inspection closely. By doing so, you'll be able to learn about a condo's strengths and weaknesses and plan accordingly.

A property inspector will evaluate a condo both inside and out. He or she also will provide honest, unbiased feedback, enabling you to make an informed decision about how to proceed with a condo.

Take into account major and minor condo problems that a property inspector discovers. And if this inspector finds minor flaws associated with a condo, you may want to stay the course and move forward with your initial proposal.

On the other hand, if a property inspector finds significant problems with a condo, i.e. issues that may prove to be costly and time-consuming, you may want to consider rescinding your offer. Or, in this case, you can always ask the condo owner to complete property repairs before you finalize a condo purchase.

2. How much will it cost to perform assorted condo repairs?

The costs associated with condo repairs will vary. However, if you allocate the time and resources to learn about condo problems and the costs associated to fix these issues, you may be able to avoid expensive, time-intensive mistakes.

For example, consider what might happen if a property inspector discovers a defective kitchen light switch in a condo. Although this light switch is a problem, the time and costs needed to repair or replace the faulty light switch likely are minimal. As such, a condo buyer may choose to ignore this problem, or a condo owner may be willing to complete the fix quickly.

Conversely, consider what could happen if a property inspector finds that a condo's furnace is defective. It may cost thousands of dollars to fix or replace a faulty furnace. As a result, a condo buyer may ask the property seller to repair or replace the defective furnace. And if the condo owner fails to do so, a buyer may choose to walk away from the condo purchase altogether.

3. Can I enjoy this condo both now and in the future?

It is essential to consider both the short- and long-term ramifications of a condo purchase. That way, a condo buyer can determine whether a property can serve him or her well for years to come.

A property inspection offers valuable information that a buyer can use to assess the pros and cons of purchasing a condo. Furthermore, a condo buyer who works with an experienced real estate agent can get the support needed to make the best decision possible.

Consider the aforementioned questions as you evaluate your options following a condo inspection, and you should have no trouble deciding whether a particular condo is right for you.




Tags: Condo   Buying a home   buyer tips  
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