Posted by Marie Presti on 12/3/2017

If this is your first time buying a home, you might be worried that you arenít asking enough questions. Or maybe youíre concerned youíre not asking the right questions--the things that matter the most when making a financial decision as important and life-changing as buying a home.  

While everyoneís situation is unique when buying a home, there are some questions that all buyers could benefit from asking. These questions will help you learn more about the home, how competitive the house is, and how much work youíll need to put into it.

Since time is usually of the essence for people buying a home, it makes sense to ask questions early on so that you donít waste too much time exploring an option that isnít ideal for your situation.

In this article, weíre going to give you 5 important questions to ask when you talk to a seller and their agent so that you can be prepared to make the best decision for you or your family.

1. How flexible is the asking price?

While few sellers or agents will outright tell you if theyíd accept a lower offer, itís still a good idea to ask this question, as it will open up a conversation about the sellerís feelings toward the home and whether theyíre pricing high with the hopes of receiving slightly lower offers.

2. How many offers has the home received?

It may seem counterintuitive, but most agents and sellers will be quite happy to tell you if theyíve received other offers. They know that once you know the current offer youíll have to either come up with a higher offer or move on. Itís a win-win for you and the seller, as it equips both of you with information you need to make the best choice.

3. Why are the sellers moving away?

This question can be personal, so if you receive an answer that suggests itís a family matter, donít press for too many details. However, some sellers and agents will let you know exactly why the house is for sale. From this simple question, you can learn the sellerís timeline for making the sale, details about the schools or neighborhoods, and any other reason that might drive someone to move out of the neighborhood.

4. Are there any problems with the house that you know of?

Although youíll have an inspection contingency in your contract if you do decide to make an offer on the home, itís better to know if there are any issues with the home before going through the bidding process.

Most sellers understand this and will be upfront about any problems with the home, including repairs that need to be made now or will need to be made soon after you move in.

5. What is the average cost of utilities?

Buying a home comes with a lot of added costs and fees. However, many people forget about the changes in the cost of utilities that comes with buying a home--especially if youíre moving from an apartment where some utilities may have been included.

The seller will be able to give you a good estimate on the cost of electricity, garbage removal, internet, heat, and more.




Categories: Uncategorized  


Posted by Marie Presti on 9/17/2017

Every country and every region have specific styles of homes that are most common in that area. And every homebuyer has a style or styles of homes that peak their interest above all others. Itís important to know what types of homes dominate your region so you can expect what youíll see as you begin your house hunt. Or you can skip the house hunt all together and search for land with the intention of building if that style of home is just about impossible to find in your area. Here are a few of the top styles of home in New England. Colonial: Colonial styles homes are one of the oldest known styles built in New England. This style mirrored homes in Europe. Colonial styles homes include Dutch and Georgian colonial. They are very simple and symmetrical style homes. Cape Cod: Cape Cod style homes originated in the colonial era. Today, their design still pulls from the original designs. This style home generally has steep, pitched roofs, a central staircase and chimney, and two bedrooms upstairs. While original capes still exist, variations on the original design are fairly common. Victorian: Victorian era homes include multiple architectural styles of homes that were prominent during this time period such as Italianate and Queen Anne styles. These home were typically constructed as three story homes in the eastern United States. Common among the design of these homes is that each type includes ornate and detailed design. Craftsman: Craftsman style homes are the most popular style around the United States. As the name suggests, the home style focuses on the craft of construction with exteriors featuring a combination of wood and stone. These homes are usually bungalows that can be of any shape but are generally unique. Traditional: Traditional homes are, as the name suggests, traditional. They are an Ďupdateí to the colonial style home. This style typically is charming and detailed around historically accurate features. These are just a few of the most popular homes in the New England region. And it certainly doesnít mean that other, less popular styles donít exist in this region. If youíre on the market for one of these types of homes in New England, then you have a pretty good shot at finding what youíre looking for. Happy house hunting!





Posted by Marie Presti on 7/30/2017

When you buy a home, thereís more to shop for than just the right place to live. Before you settle with a lender, you should shop around a bit. You want to be sure that your lender has your very best interests in mind when youíre in the midst of making one of the biggest purchases of your lifetime. Below, youíll find some of the most important questions that you need to ask a lender while youíre in the process of buying a home.


Do You Offer Any Special Programs?


Choosing the right lender involves choosing a firm that offers the types of programs that will be helpful to your specific situation. You should look for a lender that offers a wide array of loans to suit your needs. Beware of any lender who tries to push you into a certain type of loan, especially if you donít feel that it is a good fit for you. 


Do You Understand The Terms Of Certain Types Of Loans?


If you are seeking a certain type of loan, you probably should tell your lender that upfront. Of they seem familiar with it and have worked with the loan before, youíre in good hands. If the type of loan that youíre looking for is more uncommon, then you may need to shop around carefully for the right lender who understands your needs. 


Do I meet The Qualifications For Specific Loans?


The requirements for the same loan at two different lenders could be different. Things like your credit score could be a big factor. If you have a less than desirable credit score, this would also prompt you to want to look around a bit. You should know that different lenders have different terms and looking at a few lenders could be beneficial to you.


What Are The Mortgage Rates?


Youíll need a general ballpark idea of what rates will be for you when you finally secure that home loan. Keep in mind that rates fluctuate often and that an estimate will be just that. Itís not a number that will be set in stone, however, it will give you a good place to start as you shop around for a loan. 


Do You Help With Down Payments?


There are many down payment assistance programs available and your lender can help you to navigate them. The more you put down, the better your interest rate will be. If the amount that youíre able to put down on a home is a factor for you, definitely discuss it with your lender.


Can You Provide Pre-Approval Proof?


In hot real estate markets, youíre going to need some proof that youíre pre-approved in order to have the upper hand once you put in an offer on a home. Your lender should be able to provide your real estate agent with a certified letter of your pre-approval and the amount. 


Choosing the right lender is just as important as choosing the right realtor and the right home to buy. Itís just another part of the home buying process!




Categories: Uncategorized  


Posted by Marie Presti on 6/25/2017

Are you beginning your house hunt as a first-time homebuyer or looking to buy a larger home that fits the needs of your family? No matter your situation, purchasing a home is a large investment and one that should be approached with caution and the use of your head, not your heart. There are multiple types of homes that one can purchase: condo, duplex, multi-family, single-family, etc. And one of those types will be the right fit for you. Letís take a look at the pros of purchasing and owning a single-family home. Space: Single-family homes provide more space≠ómore outdoor space, more indoor space, and more parking space. Of course, there are exceptions, but generally this is the case for single-family homes. Take advantage of this luxury of more space by entertaining and fully utilizing it all. Since apartments and condos are usually in complexes, personal space can be minimal, where shared space is generally larger. Decks and backyards (if any at all) are small so that each renter or homeowner has their own space. This also goes for the inside; square footage will be less in the types of properties listed above, especially if they are located in a city. Privacy: Privacy is extremely important to many, and for good reason. With a single-family home you will have much more privacy than when owning other types of homes. Condos and duplexes share walls with other ownersí properties, which means your neighbors are always close by. You may hear them through the walls or be enjoying your separate deck spaces just feet apart. It may not sound like itís all that terrible, but you never know who your neighbor will be; they could throw parties every night, vacuum at 4 am, or even have triplets that never stop crying. No restrictions: Unless you are purchasing a historical home, there are likely no property restrictions. A single-family home gives you the opportunity to completely turn it into your own and do just about whatever you want on your land (check with your town before renovating/building additions). Condos can have multiple restrictions that include parking, outdoor work, and BBQs. If the pros above sound like what you are interested in, then a single-family home may be the option for you. But be sure to research the market you are looking in to make sure that you can afford this type of home. If you are looking in a very desirable location with a smaller budget then this option may not work for you at this time. But fear not, continue saving and in the future you will be able to purchase that single-family home youíve been dreaming of.





Posted by Marie Presti on 3/12/2017

Let's face it Ė even though many great homes are available, securing your dream house at the best price can be extremely difficult due to the sheer volume of homebuyers. Lucky for you, we're here to help you stand out from the competition so you can purchase your ideal home at a price that matches your budget.

What does it take to differentiate yourself from the homebuying competition? Here are three tips to help homebuyers gain a competitive edge over rivals:

1. Submit a Competitive Offer

There is no time for hesitation in a highly competitive real estate market. Thus, if you see a home that you like, be ready to submit a competitive offer immediately.

With a competitive offer, you can improve your chances of securing your dream home in no time at all. This offer shows that you are serious about purchasing a residence Ė something that may help your proposal stand out from others. Plus, a competitive offer will be based on housing market data and research, ensuring that your proposal will meet your needs as well as a home seller's.

Furthermore, if a home seller counters your initial offer, be ready to negotiate. Keep an open mind, and ultimately, you may be able to land your dream house quickly and effortlessly.

2. Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage enables you to establish realistic expectations before you begin your search for your perfect home.

Check out what various credit unions and banks have to offer prior to agreeing to mortgage terms. By doing so, you can find a mortgage that will correspond with your finances.

With a mortgage in hand, you can start your home search. Be sure to explore lots of houses that fall within your price range. And when you're ready to submit an offer, a home seller may be more likely to accept your proposal thanks in part to the fact that you have already secured financing.

3. Employ an Experienced Real Estate Agent

Real estate agents possess plenty of housing marketing knowledge and expertise. Therefore, they can help you streamline the process of securing the perfect residence.

Finding a real estate agent who understands the ins and outs of the housing market is paramount. This real estate professional will keep you informed about new houses in your area as they become available, set up home showings and even help you submit competitive offers on residences. In addition, if you're ever uncertain about how to proceed, your real estate agent can offer guidance and tips throughout the homebuying journey.

Perhaps best of all, your real estate agent will respond to your homebuying concerns and queries. He or she is happy to help you in any way possible and will ensure that you can differentiate yourself from the homebuying competition.

Hire an experienced real estate agent, and you can gain a competitive edge that is sure to serve you well in any housing market, at any time.




Categories: Uncategorized