TEAM Metrowest
CENTURY 21 Commonwealth | 508.223.7583 | info@teammetrowest.com


Posted by TEAM Metrowest on 7/25/2018

Purchasing a home in a seller's market may prove to be difficult. Fortunately, we're here to offer expert guidance to ensure you can find the best house at the lowest price, regardless of the present real estate sector's conditions.

Now, let's take a look at three tips to help you get ready to pursue a home in a seller's market.

1. Assess the Housing Market Closely

A seller's market likely features a shortage of high-quality houses. As such, you'll want to analyze the local real estate sector closely so you can identify your dream home faster than ever before.

Take a look at the prices of recently sold houses in your city or town. This information can help you understand the average price range for homes of all sizes in your area. You also should find out how long these homes were available before they sold to understand the current pace of the real estate market.

Furthermore, you should make a checklist of home must-haves and wants. Once you craft this checklist, you can assess the houses available in your city or town and map out your homebuying journey accordingly.

2. Get Pre-Approved for a Mortgage

In all likelihood, you'll need to act fast to acquire your ideal residence in a seller's market. If you have a mortgage in hand when you submit a home offer, you may boost your chances of receiving a "Yes" from a seller.

A home offer that is contingent on a buyer's approval for a mortgage often is far from ideal. If a seller receives this type of offer, he or she may be reluctant to accept it, as there are no guarantees a buyer will be able to obtain the necessary financing to acquire a home.

Comparatively, a buyer who gets pre-approved for a mortgage can enter a seller's market with a budget in hand. And if he or she finds a great house, this buyer can submit an offer without having to worry about getting financing at a later time.

To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about a wide range of mortgage options and help you find the right mortgage based on your finances.

3. Collaborate with a Real Estate Agent

A seller's market can be tough to navigate, regardless of whether you're a first-time or experienced homebuyer. Thankfully, real estate agents are available who can guide you along the homebuying journey.

Typically, a real estate agent will learn about your homebuying goals. He or she then will keep you up to date about houses that meet your criteria, set up home showings and help you submit offers on residences. And if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them at any time.

Prepare to buy a house in a seller's market use the aforementioned tips, and you can move one step closer to acquiring your dream residence.




Categories: Buying a Home   buying tips  


Posted by TEAM Metrowest on 7/11/2018

Want to make your homeownership dream a reality? Get pre-approved for a mortgage, and a first-time homebuyer can move closer than ever before to acquiring his or her ideal residence.

Ultimately, there are many reasons to receive pre-approval for a mortgage, including:

1. You can establish a realistic homebuying budget.

Entering the housing market for the first time can be challenging. In fact, many first-time homebuyers struggle to establish realistic expectations before they begin their home search. And as a result, these homebuyers may end up spending too much for a house.

Fortunately, getting pre-approved for a mortgage enables a homebuyer to enter the real estate market with a budget in hand. This ensures a homebuyer can avoid the temptation to overspend on a residence.

Pre-approval for a mortgage also allows a homebuyer to map out his or her homebuying journey. With a plan in place, this homebuyer may be better equipped than others to acquire a top-notch residence that matches or exceeds his or her expectations.

2. You can speed up the homebuying journey.

Although a first-time homebuyer can always submit an offer on a home without a mortgage in hand, doing so may be tricky. In some cases, it may even slow down the homebuying process, especially if a homebuyer has to allocate significant time and resources to find a mortgage lender.

On the other hand, a homebuyer who gets pre-approved for a mortgage should have no trouble accelerating the property buying cycle. This homebuyer will know exactly how much money is at his or her disposal, and as a result, can speed up the homebuying journey.

3. You can gain a competitive advantage over rival homebuyers.

In many instances, a home seller may be more likely to accept a proposal from a first-time homebuyer who has been pre-approved for a mortgage versus an offer from a buyer who still needs to obtain a mortgage.

A homebuyer who has a mortgage likely won't have to wait too long to acquire a house. Conversely, a homebuyer who needs to apply for a mortgage after an offer has been submitted may need to wait many weeks or months to complete a home sale.

Clearly, there are many great reasons for a first-time homebuyer to receive pre-approval for a mortgage. For homebuyers who want to ensure the best results possible, it certainly helps to collaborate with an experienced real estate agent too.

An experienced real estate agent understands the ins and outs of the housing market and will do whatever it takes to help a homebuyer streamline the property buying journey. This housing market professional will set up home showings and negotiate with a home seller on a property buyer's behalf. Plus, he or she is happy to provide honest, unbiased recommendations to help a homebuyer make his or her homeownership dream come true.

Take the next step to acquire your dream residence get pre-approved for a mortgage today, and a first-time homebuyer can get the necessary financing to purchase his or her ideal house.




Categories: Buying a Home   buying tips  


Posted by TEAM Metrowest on 6/13/2018

Entering the housing market for the first time can be daunting, particularly for those who want to quickly and seamlessly buy a top-notch residence at an affordable price.

Lucky for you, we're here to help you streamline the process of navigating the homebuying process.

Now, let's take a look at three vital tips to help a first-time homebuyer acquire a residence that matches or exceeds his or her expectations.

1. Analyze the Housing Market

The housing market constantly changes, and as a result, differentiating between a buyer's market and a seller's market can be tough. Fortunately, a homebuyer who analyzes the real estate sector closely should have no trouble discovering a variety of outstanding houses at budget-friendly prices.

To assess the housing market, you'll first want to look at the prices of residences that are currently available. This will enable you to better understand the prices of homes in cities and towns where you'd like to live.

Next, you should analyze the prices of recently sold houses in your region. With this housing market data in hand, you can find out whether you're preparing to buy a home in a buyer's market or a seller's one.

2. Get Pre-Approved for a Mortgage

A first-time homebuyer may want to get pre-approved for a mortgage. That way, you can prepare a homebuying budget and narrow your home search accordingly.

To obtain a mortgage, you'll want to meet with several banks and credit unions. This will allow you to learn about all of the mortgage options at your disposal and make an informed mortgage decision.

Furthermore, don't forget to share your mortgage concerns and questions with potential lenders. This will enable you to choose a mortgage that won't force you to overspend to acquire your ideal house.

3. Collaborate with a Real Estate Agent

Let's face it the homebuying journey can be long and arduous, particularly for a homebuyer who is exploring residences for the first time. But with a real estate agent at your side, you can remove the guesswork of going from homebuyer to homeowner.

A real estate agent is an expert of his or her craft, and as such, will do everything possible to help you achieve your homebuying goals.

Typically, a real estate agent will meet with you and learn about your homebuying expectations. This housing market professional also will set up home showings, keep you up to date about new residences that fall within your price range and negotiate with home sellers on your behalf.

Perhaps best of all, a real estate agent will help you alleviate stress throughout the homebuying cycle. A real estate agent understands the challenges of buying a house and will do whatever it takes to help you avoid or overcome potential homebuying hurdles.

Don't miss out on an opportunity to purchase your dream residence use the aforementioned tips for first-time homebuyers, and you can boost your chances of acquiring a terrific house without breaking your budget.




Categories: Buying a Home   buying tips  


Posted by TEAM Metrowest on 3/21/2018

Want to relocate to a condo? With assistance from a real estate agent, you should have no trouble moving into the condo of your choice.

Employing a real estate agent with condo experience is ideal, particularly for property buyers who are considering condos for the first time. However, it is important to note that not all real estate professionals with condo experience are created equal, and some stand out for all the right reasons.

Ultimately, there are several factors to consider as you search for a real estate agent to help you find the perfect condo, including:

1. Expertise

How many years has a real estate agent been assisting condo buyers? Does a real estate agent know how to get information from a homeowners' association (HOA)? And can a real estate agent set up condo showings at your convenience? These are just a few of the questions that condo buyers need to consider before they employ a real estate agent.

As a condo buyer, there is no need to settle for a subpar real estate agent. In fact, real estate agents with condo expertise are available across the country. And if you conduct a comprehensive search for the right real estate agent, you should have no trouble finding a real estate professional who can guide you along each step of the condo buying journey.

2. Communication Skills

How does a real estate agent keep in touch with his or her clients? Try to find a real estate agent who provides regular updates throughout the condo buying process. This real estate professional will make his or her clients a priority and do whatever it takes to help them get the best results possible.

Ideally, you should be able to get in touch with a real estate agent via phone, email or text. And if a real estate agent is unavailable, you usually should expect to hear back from him or her within a few hours at most.

A real estate agent who is readily available will be able to provide you with the condo buying support that you need, any time you need it. As a result, this real estate professional can keep you up to date about new condos as they become available, the state of negotiations with a condo seller and much more.

3. Client Satisfaction

Are past clients satisfied with the support that they received from a real estate agent? Ask a real estate agent for client referrals to find out.

Reaching out to past clients can provide you with a better idea about how a real estate agent will assist you during the condo buying journey. That way, you can determine whether you will feel comfortable working with this real estate agent or if you should consider other options.

Dedicate the necessary time and resources to find a great real estate agent to help you find your dream condo. By doing so, you can move one step closer to making your condo ownership dreams come true.




Tags: Buying a home   Condo   buyer tips  
Categories: Buying a Home   buying tips   condo  


Posted by TEAM Metrowest on 2/14/2018

Submitting a "fair" offer on your dream home may seem difficult, particularly for a first-time homebuyer. Lucky for you, we're here to help you determine what it takes to submit a fair offer on a home that increases the likelihood that a home seller will accept your proposal without delay.

Now, let's take a look at three tips to ensure that a first-time homebuyer can submit a fair offer on a house.

1. Study the Housing Market Closely

Are you preparing to submit an offer in a buyer's market or a seller's market? Ultimately, the current state of the housing market may help you define a fair proposal based on the sector's conditions.

For example, a buyer's market frequently includes an abundance of top-notch residences and a shortage of homebuyers. In this market, you may be able to submit an offer at or below a home seller's initial asking price and receive an instant "Yes."

On the other hand, a seller's market usually features a shortage of high-quality houses and an abundances of homebuyer. As such, you may need to submit an offer at or above a home seller's initial asking price if you want to secure your dream residence.

For first-time homebuyers who analyze the housing market closely, they should be able to differentiate between a buyer's market and a seller's market. That way, a first-time homebuyer can determine fair market value for a residence and submit an offer that corresponds to it.

2. Evaluate Your Homebuying Budget

There is no need to overspend for a house, regardless of the current housing market's conditions. But with a homebuying budget in hand, a first-time homebuyer can resist the urge to pay too much to acquire an outstanding residence.

Getting pre-approved for a mortgage often provides a great option for those who are uncertain about how much they can spend on a home. This budget will enable a homebuyer to narrow his or her home search based on the finances at his or her disposal.

Meet with a variety of banks and credit unions to learn about all of your mortgage options. Then, you can select a mortgage that matches your budget and move one step closer to acquiring a terrific residence.

3. Work with a Real Estate Agent

A real estate agent is a must-have for a first-time homebuyer, and for good reason. This housing market professional can teach you about the intricacies of buying a house and help you submit a fair offer on a residence any time you choose.

Furthermore, a real estate agent will guide you along each stage of the homebuying journey and help you overcome any potential pitfalls along the way. And if you ever have homebuying concerns or questions, a real estate agent is happy to respond to them at your convenience.

Take advantage of the aforementioned tips, and by doing so, a first-time homebuyer should have no trouble submitting a fair offer on a residence.




Categories: Buying a Home   buying tips  




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