Get a scary good deal on a new house!
Have a friend or family member thinking about buying a new home? Lots of people think that now might not be a good time because it's not necessarily the "busy" real estate season. But as a buyer, that's not such a bad thing! October is a great month to be in the market to become a homeowner.
Many buyer's (and some sellers too) start there search by touring local open houses. Do you know someone that has thought about making a move? Here's two opportunities for this weekend! Consider sharing this newsletter with them. Who knows, one of these homes maybe just when they are looking for!
Swansea - Off Gardners Neck Rd
Great example of a Mid-Century Modern Contemporary Style Home!One block from the water off Gardners Neck Rd!Over 1700 s.f. on One Level3 Bedrooms, 2 Baths$379,900CLICK HERE to TOUR!
Somerset - Corner Lot on Lafayette St
Well Maintained Ranch Home Located on a Corner LotCentral AC Beautiful Hardwood Floors Partially Finished Basement3 Bedrooms, 1 Bath, Large Garage $340,000CLICK HERE to TOUR
Taunton - No Open House This Weekend But Easy to Show!
Tucked away in a very private setting, this immaculate raised ranch has allthe amenities your are looking for!3 Bedrooms, 2 Baths, Central Air, Hardwood Floors, Granite Tops$479,999CLICK HERE to TOUR
Thinking of Selling?
We analyze home values and determine market prices everyday. Many online sites off an automated valuation model, while our Realtor Valuation Model is much more detailed. CLICK HERE for DETAILS
9 Steps to Buying a New Home?
Think you are ready to buy a house? Make sure you know what the process entails! Check out our list of 9 steps you need to know to be ready!CLICK HERE to LEARN MORE
Growing up, most of us imagined living in a home that we owned. A home that we could decorate to our perfection, and a place with a big enough backyard for the kids and dogs to run free in.
For many though, it is hard to take the leap and buy a home. That is why here at E Z Home Search Real Estate we want to give you a comprehensive buying guide so that you don’t feel alone when you start the search for your perfect home.
In the last 3 parts (click here for part 1, part 2, part 3) of this guide we discussed the top reasons to buy a home, five tips that you should know before you make the purchase, and the process of picking a qualified agent. In today’s blog, we want to give you the 10 steps to buying a home so that you will feel well prepared when it comes time to purchase your dream home.
1. Get pre-qualified with a lending specialist
2. Shop for your dream home with a real estate professional
3. Choose a top 2 list-- this is a list of the top two homes that you saw during your house hunt. It is good to have two homes in mind just in case the sellers of your first pick accept someone else’s offer.
4. Place an offer on your first pick home
5. Be prepared for a counter offer
6. Sign and date the effective contract
7. Take note of the option period
8. Order inspections and negotiate repairs
9. Terminate or proceed with the contract
10. After final approval, go to closing to sign and own your new home
On top of the 10 steps listed above, you will need to consider the following costs. These are fees that you can expect to have to pay throughout the homebuyers process, so please plan accordingly.
• Earnest money – typically 1-5% of sales price - the amount of earnest money is negotiable and varies with the value of the property
• Inspection fee - $450 - $550
• Appraisal - $425-$525
• Credit report - $125
• Buffer money - $100 - $350
The thought of becoming a homeowner can be overwhelming. Our goal is to take the stress out of the unknown. We have additional FREE resources for you available in the buyer area of our website. Plus you can get a FREE copy of our insiders home buyers guide simply by visiting http://www.ezhomesearch.net/buyersecrets.
Do you have any advice from your own experience that you would like to add for future buyers? If so, comment below!
One of our home buyer clients recently stopped by our office to thank us for helping them accomplish what they thought was the impossible, becoming homeowners. They had just gotten of the wild roller coaster of the mortgage and home buying process. As we spoke smiles came across their faces as they talked about having their first cup of morning coffee in a home of their own.
They talked about decorating and painting and how much they are going to enjoy having a yard. They talked about having friends over for dinner and family over for the holidays. The more they talked, the more excited they became.
I asked them if many of their friends were also buying. They said they had talked to their friends about buying but that they weren’t. Why not? Their friends believed that home ownership was financially unobtainable right now. Many wanted to own but didn’t think they could afford the monthly mortgage payment. They decided to rent instead.
I said that with interest rates and prices where they are today, owning a home might not be any more expensive than renting one. The couple agreed but said their friends were afraid; afraid they might not qualify for a loan, afraid to handle negotiations with a seller, afraid of the home buying process itself.
People should not make decisions out of fear! I’m not saying that every young person should own a home. I am saying that anyone that is qualified and wants to buy should not be afraid of the process. I realize the process may seem daunting but realize over 14,000 homes sell every day in this country. Sit down and discuss your goals with professionals from both the real estate and mortgage industries. Get the facts. Make an informed decision. Don’t let the fear of the unknown prevent you from owning a home of your own, building equity for you and your family and living the life of your dreams.We are here to help you navigate the real estate transaction!Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc.
In Part 1 and Part 2 of this guide we talked about the top reasons to buy a home as well as five tips that you should know before you make the purchase. In Part 3 we will discuss the process of picking a qualified agent, and the questions that you should ask your agent before you buy.
First of all, let us inform you that not all agents are the same. All too often people pick the first agent they stumble upon only to realize too far into the process that they should have shopped around a bit first. Buying a home is one of the biggest purchase decisions you will ever make, so why not get the best of the best to help you through the process?
When you are ready to buy a home the first thing you should do is ask the people around you who they trusted to get them their dream home. Use their suggestions as a starting point in your search for the agent who will work best for you.
Once you have found an appealing agent you should consider asking them the following questions.
Can you send me some information about yourself?
Look for professionalism and consistency. What are their professional accomplishments?.
How many homes have you closed in the past year?
Look for an agent who is active in your area and at the top of their industry. Part-time agents are not able to keep up with the constantly changing demands of the market. A good rule of thumb is a minimum of 10-15 transactions.
How long have you been in business?
Look for an agent that has been in the business for a minimum of three years. The fall-out ratio for agents in the business less than 3 years is over 80%. While experience is important, accomplishments are more important. You should also consider how long they have worked in the area you want to buy a home specifically. The longer they have worked in the area, the more they know about that specific market and what is considered a “good deal” in that neighborhood.
What will you do keep me informed?
Determine how much communication you want, and then find an agent who will give you the attention and time you want and deserve.
What is the best way for me to get in touch with you?
You should know exactly how to get through to your agent or assistant.
What awards or accolades have you received in the past couple of years?
Make sure that your agent is a professional, well regarded and at the top of the industry. They will be more knowledgeable and will be able to best represent your interests based on experience and reputation.
If you follow this guideline, there is a better chance of having a great experience while purchasing your home. The process itself is stressful enough, do not let an under qualified agent add to that.
Don't miss Part 4 where we give you 10 must do steps to becoming a homeowner.
Don't want to wait for Part 4? Click Here for instant access to our Special Home Buyer Guide packed full of insider tips to help you save thousands when finding, buying and financing your next home.
Do you have any more pointers for new buyers? Leave them know by posting a comment below!
Mariah Terry is passionate writer and blogger studying Journalism at Emerson College with a minor in Marketing. See her work at mariahjterry.wix.com/reblogs.
This is Part 2 in our guide to help you through the process. Below is a list of buying tips for when you purchase that dream home of yours!
Get Pre-Qualified-- Knowing what exactly you can afford is the first step to seriously considering buying a home. Sometimes though, it is nerve-wracking and overwhelming to think about how you should go about getting pre-qualified. That’s when we come in. Here at E Z Home Search we can get you in touch with professionals who will work with you to get pre-qualified!
Always Think Resale-- The average time spent in a home is 5 to 7 years, so you should consider what future buyer might be looking for if you do ever decide to sell your home. Even though you might not mind having a backyard against a busy street, future buyers may. Studies show that homes near busy streets and railroad tracks take longer to sell, so it is something to consider when purchasing your home.
The Little Things Can Be Changed-- Location, location, location. The home is in the perfect neighborhood but all of the lighting fixtures are from the 1980’s and there is still wallpaper on the walls. Guess what, though? Wallpaper can be changed, the neighborhood can not. So pick a home with good bones in a great location and deal with the little cosmetic things later!
Don’t Wait-- Yes, buying a home is a huge decision. But, all too often we see people lose their dream home because they wanted to sleep on it and they waited too long to put an offer in. Homes sell fast. Especially the homes that are in a good location with a great price. Chances are, if it is your dream home then it’s someone else’s dream home as well. So if you find that perfect place, don’t wait and let it slip away!
Compare Sales-- To see if the home you want to buy is a steal or a rip off you can look at the recent sales of similar homes, called “comparable sales. Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase, usually sold in the past few months. Specifically, you want to compare prices of homes that are similar in square footage, garage spaces, number of bedrooms and baths, lot size, etc. Of course, if you need help with this, that is what we at E Z Home Search Real Estate are for!
Don't miss Part 3 of our Home Buyers Guide where we review questions you must ask your agent before you buy!
Do you have more tips from your home buying experience? Comment below and let us know!