Sonia Rollins
EXIT Premier Real Estate | 781-454-6043 | sonia.rollins@yahoo.com


Posted by Sonia Rollins on 1/21/2018

A home showing represents a learning opportunity for a homebuyer. If you know how to plan ahead for a home showing, you can optimize the value of this opportunity.

Ultimately, preparing for a home showing can be simple – here are three tips to help you get ready for any home showing, at any time.

1. Evaluate a Home Listing Closely

A home listing enables you to learn about a house's age and condition. It also may include pictures that highlight a home's rooms and features. Thus, if you assess a home listing closely, you'll be better equipped than ever before to determine whether a house may be right for you.

As you examine a home listing, it generally is a good idea to think about additional questions that you may have about a house. If you craft a list of questions prior to a home showing, you'll be ready to get the answers that you need to make an informed decision about a residence.

2. Make a Home Showing Checklist

A home showing allows you to examine a residence both inside and out. As such, it may be beneficial to create a home showing checklist that ensures you remember to analyze all aspects of a house.

Be sure to include assessments of an attic, basement and other house areas in your checklist. In addition, it may be helpful to consider checking out a home's proximity to parks, schools and other landmarks. Because the more information that you obtain during a home showing, the more likely it becomes that you can make the best-possible choice regarding a residence.

3. Consult with a Real Estate Agent

If you plan to attend a home showing, hiring a real estate agent is essential. A real estate agent can help you prep for a home showing and ensure you can review all aspects of a residence in no time at all.

Prior to a home showing, a real estate agent will meet with you and learn about your homebuying goals. Next, this housing market professional will offer expert recommendations to guarantee that you are fully prepared to attend a home showing.

Let's not forget about the comprehensive support that a real estate agent can provide throughout the homebuying journey, either. A real estate agent will keep you up to date about new houses that become available in your area and help you set up home showings. And if you want to submit an offer on a residence, a real estate agent will help you put together a competitive homebuying proposal.

For those who want to explore the housing market, attending home showings is crucial. If you're able to make the most of a home showing, you can boost your chances of enjoying a seamless homebuying experience.

Thanks to the aforementioned tips, any homebuyer can get ready for a home showing. Take advantage of these tips, and you can approach a home showing with the confidence that you need to succeed.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Sonia Rollins on 12/24/2017

Want to transform your homeownership dream into a reality? Understanding what it takes to enter the real estate market successfully is paramount for homebuyers. With the necessary preparation, you should have no trouble purchasing your dream residence.

Ultimately, there are several steps that a homebuyer should take before he or she conducts a home search, including:

1. Perform Plenty of Housing Market Research

The housing market fluctuates regularly, and a buyer's market can change into a seller's market quickly. As such, you'll want to conduct sufficient real estate market research before you start your home search so you can streamline the process of finding the perfect house.

Consider where you want to live and whether you'd like to reside close to family members and friends. Also, consider how much space you'll need from a new home, along with whether you'd like to live near schools, playgrounds and other local hot spots.

Don't forget to check out the prices of a wide range of homes, either. By doing so, you may be able to determine the price range for houses that match your needs.

2. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you'll know exactly what you can afford as soon as you're ready to buy a house.

Banks and credit unions frequently offer a vast array of home financing options, making it simple for you to choose a mortgage that fits your budget. Fixed- and adjustable-rate mortgages are among the most popular choices for homebuyers nationwide. Meanwhile, you may be eligible for Federal Housing Administration (FHA) or U.S. Department of Veterans Affairs (VA) loans as well.

Reach out to multiple banks and credit unions to pursue all of the home financing options at your disposal. This will enable you to find the best mortgage based on your individual needs and enter the housing market with financing in hand to secure your dream home.

3. Hire an Experienced Real Estate Agent

There is no reason to enter the housing market alone. Lucky for you, experienced real estate agents are happy to help you find the perfect house.

An experienced real estate agent understands the ins and outs of the housing market and will share his or her real estate expertise with you. This professional will educate you about the real estate market and ensure that you know what to look for when you attend an open house.

Also, an experienced real estate agent will guide you along the homebuying journey. From the moment you spot your dream home to the day you finalize a purchase agreement, your real estate agent will offer the support that you need to go from homebuyer to homeowner.

Perhaps best of all, an experienced real estate agent will help alleviate your homebuying concerns. And if you ever have homebuying questions, your real estate agent will provide responses at any time.

Don't settle for a subpar home – follow the aforementioned steps, and you can move closer to discovering your ideal residence.




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Posted by Sonia Rollins on 11/26/2017

The process of buying a house can be long and difficult. Whether you’re coming from an apartment or another home, you’ll want to time your purchase and move-in so you’re not paying for two homes at once.

What’s more, there are several steps required in the homebuying process, all of which you’ll have to give yourself enough time to complete.

In this article, we’re going to talk about the timeline leading up to buying a home. We’ll discuss how to figure out the amount of time you’ll need, and give you some advice on how to be ready sooner.

Prerequisites to buying a home

Before you consider purchasing a home, you’ll need to make sure your personal and financial life are ready for this commitment. Depending on what type of loan you are hoping to get, this could include saving as much as 20% of the cost of the home for a down payment.

Buying a home also usually requires good credit. If you have some issues with your credit history, you’ll want to take time to improve your score so that you can get a better interest rate on your mortgage.

Once you’ve settled on moving and have a general location, it’s a good idea to get pre approved for a loan.

Preapproval

Getting pre-approved for a loan is beneficial for a few reasons. First, it will let sellers know you’re a serious contender for buying their home.

Second, it gives you one fewer thing to worry about when it comes time to make an offer on a home that you’re interested in.

And, finally, pre-approval gives you a ballpark figure of the type of homes you can look at, saving you time when you’re shopping around for a home by avoiding properties that are over-budget.

The pre-approval process ranges from lender to lender. It can take as little as three days if you provide all the necessary information immediately. However, in some instances it can take weeks, especially if there are problems with the documents you provided to the lender.

Time before closing

If you’ve spent a few weeks viewing homes and considering your mortgage options, you’re likely getting ready to make an offer on a home. On average, this can take anywhere from 30-60 days.

The “contract to close” period can vary based on the type of loan you’re receiving and the underwriting process involved in that loan. USDA-guaranteed loans, for example, require added underwriting and processing time.

How to close sooner

So your lease ends in a few months and you want to make sure you’ll be in your new home before you have to move out. There are a few ways you can save time when buying a home.

First, make sure you provide your lender with everything they need to pre-approve you for a loan. Getting pre-approved quickly will save you a lot of time that is otherwise wasted while sitting around waiting for pre-approval.

Next, work with a real estate agent to find homes within your budget that are ready for move-in. Finally, be reasonable with your offer. Sellers, too, are typically on a timeline and will want to work with someone who is going to do their part to make the process as efficient as possible. 




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Posted by Sonia Rollins on 10/15/2017

Before buying a home, you may have a number in mind as to how many houses you think that you should look at before you find the house that's right for you. You may wonder if you’ve looked too much or not enough while you’re in the process of searching for a home. The fact of the matter is that how many homes you look at is completely up to you. It’s a very personal preference. If you feel comfortable after looking at one house, you’re probably right. Trust your own intuition!


The average condo buyer takes between 1 to 3 months to find the right property. House buyers take a bit longer, averaging between 3 and 6 months of searching. The home buying process seems to entail a few more questions and a bit of a learning curve, which tends to take more time. This is obviously why first time buyers tend to take more time searching.


How To Have A Successful House Hunt:


Map Out Your Potential Neighborhoods


Before you even get in touch with your realtor, you should have an idea of the neighborhoods you’d like to look for a home in. Drive around your potential towns and hang out there. Go to local restaurants, see the downtown area and check out the grocery store. See how you feel being there, and if you’d like it to be part of what you call “home.” 


Know Your Lifestyle


Where your friends live, where you work and what you like to do for fun all have an impact on the type of neighborhood that you’ll choose to search for a home in. If you love to golf, and the nearest course is more than 30 miles away, maybe you should reconsider where you’re searching. Of course, you want your commute time to and from work to be as short as possible.   


Decide What You Need


Make a list of everything that you absolutely need to have in your home and neighborhood. Narrow down your wish-list to that of “must-haves.” Then, understand your own budget for a home purchase. Knowing your finances will also give you a better idea of where you should focus your search. Once your focus is narrowed, you’ll be able to work with your realtor more freely. Being able to tell your realtor what you want and what you can afford is a great step in the right direction during the home search process.


Taking the time to know what you want out of where you want to live can help you to search for the right home. So, while there’s no magic number of homes to look at before you buy, it’s a better idea to understand your wants and needs and go from there.





Posted by Sonia Rollins on 9/17/2017

Making an offer on a home you’d love to buy is arguably the most stressful part of the buying process. You’ll be worrying about making the right offer, whether you’ve presented yourself in the best possible light, and just how much competition you’re up against.

Today we’re going to help you alleviate that anxiety by giving you the most common real estate offer mistakes to avoid, and show you how you can increase your chances of getting the perfect home for you.

1. Do your research on the house

You have a lot of research to do before making an offer on a home. You’ll want to know the price the home formerly sold for and improvements that have been made and that will need to be made if you move in.

It also helps to know the seller’s situation. Are they on a deadline and moving out-of-state? If so, they might be tempted to take one of the earlier offers they receive.

2. Know your own financial limits

Before you ever make an offer you’ll need to know how much you can spend. This isn’t just a matter of offering the maximum amount you’re preapproved for. You’ll have to factor in moving expenses, final payments on your last rent or mortgage, changes in utility costs, and more.

3. Don’t offer your full preapproval amount

Sellers who know that you’ve offered your maximum preapproval amount may be wary of selling since they know you lack room to negotiate your budget and therefore might have a higher chance of backing out of the offer. They might favor other buyers who have room to negotiate and account for unexpected changes in their budget or of rising interest rates.

4. Avoid aggressive negotiation

We know the stakes are high for everyone involved in making a real estate deal. However, sellers are more likely to accept the offer of someone they trust and like over someone who seems to be trying to gain leverage.

Always be cordial with your offers and support them with numbers--explain to the seller why you chose the number you did, so that they can understand your reasoning.

5. Don’t attempt to gain leverage by waiving a home inspection

By law, you are allowed to have a home professionally inspected before purchase. Waiving this right is sometimes misconstrued as a way to tell a seller that you trust them and don’t want to cause them any unnecessary headaches.

The reality of the matter is that if you truly do want to own their home, sellers understand that you want to know what you’re buying.

6. This isn’t the only house you can be happy in

Hunting for a home is hard work. Once you find one that seems perfect for you or your family, it can seem like everything depends on your offer being accepted.

However, the fact is there are endless houses on the market, and next week a new one could be put up for sale that is even better than the home you’re hoping for now.

If your offer isn’t accepted and you don’t feel comfortable committing to a higher price, move on to the next house knowing that you made the best decision under the circumstances.




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