Posted by Marie Presti on 4/11/2021

The decision to buy a house may be one of the biggest choices that you make in your lifetime. As such, a potential home purchase should be fully evaluated to ensure you can achieve the best-possible results during the homebuying journey.

Furthermore, it may be beneficial to discuss your homebuying plans with family members, friends and other loved ones. There are many reasons why you may want to share your homebuying plans with loved ones, and these reasons include:

1. You can gain homebuying insights that you might struggle to obtain elsewhere.

Loved ones frequently are happy to share their homebuying insights with you. Thus, if you keep loved ones up to date about your homebuying plans, you may be able to gain comprehensive real estate insights that you won't find anywhere else.

Let's not forget about the past homebuying experiences of loved ones, either. If a loved one had a positive or negative homebuying experience, you may be able to learn lessons from this event that could help you navigate the homebuying journey.

2. You can look at the big picture.

Oftentimes, the temptation to rush through the homebuying process can be overwhelming, particularly for a first-time homebuyer. If you consult with loved ones, however, you can slow down and look at the big picture as you prepare to pursue your dream residence.

Loved ones are unafraid to be honest, especially when it comes to a life-changing decision like buying a house. Therefore, if you reach out to loved ones before you enter the housing market, you can assess your short- and long-term plans and map out your homebuying journey accordingly.

3. You can get the help you need to succeed.

No one should be forced to pursue a house on their own. Lucky for you, loved ones are available who can help you discover your ideal residence in no time at all.

Sharing your homebuying plans with loved ones may enable you to get plenty of support throughout the homebuying journey. Plus, if you ever have concerns or questions as you pursue your dream house, loved ones are ready to assist you in any way possible.

As you prepare to embark on a home search, you may want to consult with a real estate agent too. In fact, a real estate agent will ensure you can enjoy a seamless homebuying experience, regardless of where you want to live.

Typically, a real estate agent will set up home showings, keep you informed about new residences as they become available and help you submit offers on houses. This housing market professional also will negotiate with a seller's agent on your behalf, guaranteeing that you can get the best price on any home, at any time.

Ready to kick off a successful home search? Connect with loved ones and a real estate agent and you can get the assistance that you need to find your dream house.




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Posted by Marie Presti on 3/7/2021

If you're on the lookout for your dream house, it helps to be persistent. In fact, there are many reasons to take a persistent approach to the real estate market, and these include:

1. You can pounce on the opportunity to acquire your ideal residence.

A persistent homebuyer should have no trouble finding lots of homes that match or exceed his or her expectations. Then, this buyer can take the necessary steps to submit an offer on his or her dream house and finalize a home purchase.

As a persistent homebuyer, it is essential to submit a competitive offer on any residence that you want to acquire. By providing a competitive offer, you can increase the likelihood of receiving an immediate "Yes" from a seller.

2. You can stay ahead of the competition.

When it comes to buying the best house at the lowest price, the early bird catches the worm. Thus, a persistent homebuyer may be better equipped than others to find and purchase his or her dream residence as soon as this house becomes available.

To stay ahead of the homebuying competition, it helps to assess the real estate sector closely. This will enable a homebuyer to identify his or her dream house in no time at all.

Furthermore, a homebuyer should create a checklist of dream home wants and must-haves. This list will allow a homebuyer to narrow his or her home search, making it easier than ever before to discover a great house.

3. You can boost the likelihood of a seamless homebuying experience.

No one should be forced to deal with a long, arduous homebuying experience. Fortunately, a persistent homebuyer can act quickly on available houses, ensuring this buyer can accelerate the homebuying journey.

For a persistent homebuyer, it often is a good idea to get extra help from a housing market professional as well. Thankfully, real estate agents are available who can provide comprehensive support to persistent homebuyers in any city or town.

A real estate agent understands the ins and outs of purchasing a house in a buyer's or seller's market and is happy to share his or her industry expertise with a homebuyer. By doing so, a real estate agent can provide valuable insights to help a homebuyer accomplish his or her goals.

In addition, a real estate agent offers plenty of support at each stage of the homebuying journey. He or she will learn about your homebuying aspirations, set up home showings and keep you up to date about new residences that become available. Plus, once you find your dream house, a real estate agent will help you submit a competitive offer right away.

If you want to pursue your dream house, it may be beneficial to take a persistent approach to the housing market. With the aforementioned tips, you can enter the real estate market as a persistent homebuyer who knows exactly what he or she wants to find. Take advantage of these homebuying tips, and you can move closer to acquiring your ideal house.




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Posted by Marie Presti on 2/14/2021

Photo by Curtis Adams from Pexels

Zombie properties are homes that have been visibly abandoned but actual ownership has not. The term became popular in the housing industry during the 2007-08 housing crisis when people being unable to make their mortgage payments reached a catastrophic point.

According to ATTOM Data Solutions, a firm that tracks different types of real estate data, zombie properties made up about 3% of all foreclosures in the U.S. in October 2019. These homes can be a good buy, but there are some challenges you should be aware of before signing on the dotted line.

How Does a Property Become Classified as a Zombie Property?

A zombie property occurs when a homeowner is told they are being foreclosed upon, and they leave their home believing they must immediately vacate. The zombie scenario arises when a bank either abandons or inadvertently never completes the foreclosure process, and the house is left in limbo with no one caring for the property.

Zombie properties can be very lucrative investments because they are often able to be purchased at rock-bottom rates. The problem is there are some risks involved with buying this type of property because they’ve essentially been abandoned for often long periods of time which sets the condition for many unfortunate events to occur.

Homes Have Been Trashed

In many foreclosure situations, a home is already left in poor condition. In many cases, the homeowner couldn’t financially keep up with upkeep, or they’ve purposely destroyed the home before they left. Any of these problems or others are further exasperated in zombie situations because there is a high probability more destruction has been heaped up upon the original neglect or damage.

Squatters May Have Created Uninhabitable Conditions

Once a house is recognized as a zombie property, squatters or vandals often decide the property is fair game. They might simply come inside to be destructive, or they may use it for their own purposes.

  • House might be full of graffiti.
  • Trash is left behind, and some of it may be unsanitary or hazardous (i.e. dirty diapers or needles).
  • Space may have been used for illegal drug activity, including meth labs, which the latter can create serious health risks.
  • Open windows, doors, or busted plumbing may have created moist conditions and dangerous black mold.
  • Additionally, if vandals or squatters leave doors or windows open, animals, including feral cats might have taken up residence.

    Locating The Title Holder

    Once a homeowner has abandoned a property, they can be difficult to locate. Some may have gone off the grid or others have no clue they are still listed on the property deed. The name of the previous occupant who owned the home will need to be removed from the title so this will be a legal detail to address before a purchase can move forward.

    Purchasing a zombie property can be a very lucrative investment, but it’s essential to carefully evaluate the condition of the property before deciding to buy it. You might find the effort and expense involved in bringing it up to be habitable might be more than it’s worth.




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    Posted by Marie Presti on 11/15/2020

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    The homebuying journey may prove to be long and complex, particularly for an individual who fails to plan ahead. Fortunately, there are lots of things that you can do to get ready to pursue your dream house, such as:

    1. Make a Homebuying Budget

    A homebuying budget will give you a good idea about how much money you have at your disposal to find your ideal residence. Thus, if you craft a homebuying budget, you can hone your house search to residences that fall within your price range.

    As you craft a homebuying budget, you should consider both your house mortgage and closing costs. That way, you can prepare for myriad costs that you may encounter as you try to acquire your dream house.

    You also may want to meet with various banks and credit unions. These financial institutions can help you budget for a home purchase. Perhaps best of all, they can help you get pre-approved for a mortgage.

    2. Narrow Your Home Search

    You know you want to purchase a house, but it usually is beneficial to understand what you want to find in your dream residence. If you put together a list of home must-haves and wants, you can narrow your house search accordingly.

    Consider your short- and long-term aspirations prior to launching a home search. For instance, if you need a home that is close to your office in the city, you may want to check out residences in or near the city itself. On the other hand, if you aspire to own a residence that includes a state-of-the-art heating and cooling system, you should explore homes that offer this feature.

    3. Hire a Real Estate Agent

    A real estate agent is a must-hire, especially for an individual who wants to seamlessly navigate the homebuying journey. Because if you have a real estate agent at your side, you can take the guesswork out of finding and purchasing your dream residence.

    Typically, a real estate agent learns about a buyer's goals and crafts a personalized homebuying strategy based on his or her aspirations. If you want to purchase a budget-friendly house as quickly as possible, for instance, a real estate agent will help you accomplish your goal. Conversely, if you are operating on a tight homebuying budget, a real estate agent will do everything possible to help you find a first-rate house that won't put you in the red.

    Let's not forget about the homebuying expertise that a real estate agent possesses, either. A real estate agent understands all aspects of the homebuying journey and will share his or her industry insights with you. Therefore, if you ever have concerns or questions during the homebuying journey, a real estate agent will respond to them at your request.

    Those who understand what to expect during the homebuying journey can boost the likelihood of finding a terrific house at an affordable price. Thanks to the aforementioned tips, you could reap the benefits of a successful home search.




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    Posted by Marie Presti on 9/27/2020

    If you intend to buy a house, it generally is a good idea to establish realistic property buying expectations. That way, you can plan ahead for the homebuying journey and avoid potential problems that otherwise may prevent you from achieving your desired results.

    Now, let's take a look at three tips to help you manage your expectations as you pursue your dream residence.

    1. Create Homebuying Criteria

    With homebuying criteria, you can determine exactly what you want from your dream residence. Then, you can narrow your house search and speed up your quest to discover your ideal home.

    Think about where you want to live. For instance, if you prefer the hustle and bustle of the big city over life in a small town, you may want to hone your house search to properties in the city of your choice. Or, if you have always dreamed about owning a home near the beach, now may be the ideal time to transform your dream into a reality.

    Don't forget to consider the features you want from your dream home too. Make a list of home must-haves and wants, and you can streamline your home search.

    2. Set Homebuying Goals

    Establishing homebuying goals can help you build a roadmap for your home search. This roadmap then will enable you to identify potential homebuying hurdles and resolve such issues before they escalate.

    Homebuying goals can guide you along the homebuying journey. You can create as many or as few goals as you'd like, and by doing so, simplify your search for your ideal residence.

    In addition, it is important to be flexible with your homebuying goals. And remember, if you fail to accomplish a homebuying goal by a specific date, you can always adjust your homebuying roadmap as needed.

    3. Collaborate with a Real Estate Agent

    If you are unsure about what to expect during the homebuying journey, there is no need to stress. In fact, you can hire an expert real estate agent who can help you establish realistic property buying expectations from day one.

    A real estate agent first learns about you and your homebuying goals. He or she next will put together a personalized homebuying strategy for you and ensure you can complete a successful property buying journey.

    As you search for your dream home, a real estate agent will set up home showings and keep you up to date about new houses that meet your homebuying criteria. He or she also will help you submit an offer to purchase on any house you want to acquire. And once an offer to purchase is accepted, a real estate agent will help you navigate the final steps of the property buying journey.

    Ready to begin your search for your dream residence? If you understand how to manage your homebuying expectations, you should have no trouble achieving the best-possible results at each stage of the homebuying journey.




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