RE/MAX Advantage I



Posted by RE/MAX Advantage I on 9/3/2020

A first-time homebuyer may believe that he or she can submit a "lowball" offer on a residence, even if a house has been available for many weeks or months. However, the risks associated with submitting a subpar proposal are significant, particularly for a homebuyer who wants to purchase a top-notch residence as soon as possible.

Ultimately, a lowball offer may result in an instant "No" from a home seller. Perhaps even worse, the proposal could sour potential negotiations between a homebuyer and home seller and cause a property buyer to miss out on an opportunity to acquire his or her dream residence.

When it comes to buying a house for the first time, there is no need to risk submitting a lowball offer.

Now, let's take a look at three tips to help a first-time homebuyer avoid the temptation to make a lowball proposal.

1. Evaluate a Wide Range of Houses

An informed first-time homebuyer may be better equipped than others to provide a competitive offer to purchase his or her ideal residence.

For example, a homebuyer who assesses a broad range of houses in a particular area can determine a price range for similar residences. Then, if this homebuyer would like to submit an offer on a house, he or she can use housing market data to submit a fair proposal without delay.

With housing market data, a homebuyer can determine whether he or she is operating in a buyer's or seller's market too. That way, this homebuyer can leverage housing market insights to quickly and effortlessly put together a competitive offer on any residence, at any time.

2. Understand Your Finances

Getting pre-approved for a mortgage usually is a great idea for a first-time homebuyer. With a mortgage in hand, this homebuyer will be able map out a homebuying journey based on his or her finances.

To receive pre-approval for a mortgage, a homebuyer will should meet with several banks and credit unions. These lenders can offer details about a variety of mortgage options and help a homebuyer make an informed mortgage decision.

After a homebuyer is pre-approved for a mortgage, he or she can submit an offer on a house and understand exactly how much money is available for a home purchase. As a result, this homebuyer can put his or her best foot forward with an initial offer, thereby reducing the risk of submitting a lowball proposal.

3. Collaborate with a Real Estate Agent

The homebuying journey can be long and complicated, especially for those who are pursuing a house for the first time. Fortunately, a first-time homebuyer can collaborate with a real estate agent to obtain deep housing market insights.

A real estate agent is happy to provide honest, unbiased home offer recommendations. By doing so, this housing market professional can help a first-time homebuyer submit the best offer on a residence – without exception.

Ready to purchase a home for the first time? Use the aforementioned tips, and a first-time homebuyer can avoid the danger of submitting a lowball offer on a residence.




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Posted by RE/MAX Advantage I on 8/20/2020

A home is one of the biggest purchases that an individual can make in his or her lifetime. It also may prove to be expensive, particularly for those who fail to plan ahead for the property buying journey.

There is no need to break your budget to acquire your dream residence. In fact, there are many quick, easy ways to guarantee you can keep you finances in check and avoid the risk of spending too much to purchase your ideal house.

Now, let's take a look at three tips to ensure you can buy a quality house at a budget-friendly price.

1. Get Pre-Approved for a Mortgage

You want to buy a home, but you still have no idea how much you can spend on a residence. Thankfully, if you get pre-approved for a mortgage, you can enter the real estate market with a budget in hand. As a result, you will know exactly how much you can spend on a house and can plan accordingly.

Banks and credit unions employ friendly, knowledgeable mortgage specialists who are happy to meet with you. These mortgage specialists can review your income, credit score and other relevant financial data. Then, they can provide you with mortgage options based on your finances.

2. Narrow Your Home Search

Although most people want to buy a mansion, it is important to establish realistic homebuying expectations. Because if you narrow your home search to properties that fall within your price range, you can speed up the property buying journey. Perhaps most important, you can shop around to find a terrific home that corresponds to your budget.

Don't forget to consider homes in a variety of cities and towns too. In some instances, it may prove to be more cost-effective to purchase a house in a small town than a residence in a big city.

3. Evaluate Your Short- and Long-Term Plans

Think about your short- and long-term plans, and you may be better equipped than ever before to map out your home finances for the foreseeable future.

For instance, if you plan to raise a family in the years to come, you may want to consider the costs associated with childcare and other child expenses. This will allow you to budget properly as you search for your dream home.

On the other hand, if you recently accepted a work promotion, your income soon may rise. In this situation, you may be able to increase your homebuying budget due to the fact that extra income will be coming your way.

Lastly, as you get ready to search for a house, you may want to hire a real estate agent. In addition to helping you find a home that matches your budget, a real estate agent will offer expert guidance throughout the property buying journey. He or she will help you prepare for a home inspection, closing and other important steps during the homebuying process. By doing so, a real estate agent will help you seamlessly navigate the homebuying journey and achieve the optimal results.




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Posted by RE/MAX Advantage I on 6/11/2020

Believe it or not, even a first-time homebuyer can become a property buying expert. If you plan ahead for the homebuying journey, you can quickly and easily navigate the path from homebuyer to homeowner.

Now, let's take a look at three tips to help you master the homebuying journey.

1. Create Homebuying Criteria

If you know you want to buy a home in the foreseeable future, it generally is a good idea to create property buying criteria. That way, you'll know what you want to find in your dream residence and can map out your home search accordingly.

For instance, if you prefer big city life, you may want to hone your house search to a select group of cities. On the other hand, if you want to own a house that offers a large backyard and an in-ground swimming pool, you may want to search for homes that fall in line with your expectations.

2. Get Home Financing

As a homebuyer, you likely will need to secure a mortgage so you can acquire your dream residence. Fortunately, there is no shortage of banks and credit unions across the United States that are happy to help you obtain home financing.

Take a look at the mortgage options available from a variety of banks and credit unions – you'll be happy you did. By conducting an in-depth evaluation of your home financing options, you can make an informed mortgage selection.

Of course, home financing can be complicated. And if you have any concerns or questions, don't hesitate to ask a bank or credit union for assistance. Banks and credit unions employ friendly, knowledgeable home financing specialists, and these professionals can provide mortgage insights you may struggle to obtain elsewhere.

3. Hire a Real Estate Agent

If you're unsure how you'll navigate the homebuying journey, there is no need to worry. Dozens of real estate agents are available in cities and towns nationwide, and these housing market professionals can offer comprehensive homebuying insights.

For those who want to master the homebuying journey, it often is beneficial to hire a real estate agent. This housing market professional can teach you about different aspects of the homebuying journey. Plus, he or she is ready to provide homebuying recommendations and suggestions as you search for your ideal residence.

In addition, a real estate agent offers extensive assistance at each stage of the homebuying journey. From the moment you start your home search to the moment you finalize your home purchase agreement, a real estate agent is available to help. Best of all, a real estate agent will help you alleviate stress as you consider houses and ensure you can make the best-possible home purchase decision.

As you get set to enter the real estate market, you should strive to become a homebuying expert. Thanks to the aforementioned tips, you can master the homebuying journey and discover and buy your dream residence in no time at all.




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Posted by RE/MAX Advantage I on 6/4/2020

The homebuying journey may be complicated, particularly for those who fail to plan for it. Fortunately, there are lots of things that you can do to boost your chances of enjoying a successful property buying experience.

Now, let's take a look at three tips to help you start a successful homebuying journey.

1. Establish Criteria for Your Home Search

Create homebuying criteria – you'll be glad you did. With homebuying criteria in hand, you can speed up the process of finding your dream residence.

Think about the features you want to find in your ideal house. For example, if you want to own a residence that boasts a luxurious in-ground swimming pool, you can search for houses that offer this feature. Or, if you want to purchase a home that includes a central air conditioning system, you can hone your house search accordingly.

Don't forget to consider where you want to reside too. If you prefer big city life over small town living – or vice-versa – you should account for this factor as you kick off your house search.

2. Get Your Finances in Order

Obtaining a home mortgage is key, especially for individuals who want to streamline the homebuying process. Luckily, banks and credit unions are happy to help you select the right mortgage based on your individual needs.

Banks and credit unions employ friendly mortgage specialists who can take the guesswork out of home financing. If you meet with these professionals, you can learn about all of your mortgage options. Then, you can select a mortgage and enter the housing market with a budget.

3. Hire a Real Estate Agent

Navigating the homebuying journey on your own may prove to be exceedingly difficult, regardless of whether you are operating in a buyer's or seller's market. However, if you hire a real estate agent, you can simplify your house search and discover your dream residence without delay.

A real estate agent knows the ins and outs of the housing market and will share his or her expertise with you. That way, you can work with a real estate agent to become a housing market expert.

In addition, a real estate agent offers comprehensive support throughout the homebuying journey. He or she first will craft a custom homebuying strategy for you based on your property buying goals. Next, a real estate agent will keep you up to date about available houses in your preferred cities and towns. Once you find a home you want to buy, a real estate agent will help you submit a competitive offer to purchase it. Finally, a real estate agent will guide you through the home closing process.

For those who want to enjoy a quick, easy homebuying experience, it usually is a good idea to plan ahead as much as you can. Thanks to the aforementioned tips, you can launch a successful homebuying journey and take the necessary steps to acquire your dream residence any time you choose.




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Posted by RE/MAX Advantage I on 5/28/2020

Buying a home should be an unforgettable experience. However, problems sometimes may arise that prevent a homebuyer from enjoying the property buying journey.

Whether it's tough negotiations with a stubborn home seller or a property inspection that reveals many problems with a house, problems may occur that can make the homebuying journey memorable for all the wrong reasons.

Lucky for you, we're here to help you streamline the homebuying process and ensure you can acquire your dream home quickly.

Now, let's take a look at three tips that homebuyers can use to transform an ordinary property buying experience into an unforgettable journey.

1. Perform Plenty of Real Estate Market Research

Navigating the real estate market can be tricky, particularly for first-time homebuyers. Conversely, homebuyers who evaluate the real estate market closely should have no trouble discovering a wide range of terrific residences.

Examine the prices of recently sold homes in your area. That way, you can establish a price range for homes that match your needs.

Also, analyze the amount of time that recently sold properties were available. This will help you differentiate a buyer's market from a seller's one and ensure you can map out your homebuying journey accordingly.

2. Get Pre-Approved for a Mortgage

Buying a home likely will require you to get approved for a mortgage. If you receive pre-approval for a mortgage, you can narrow your home search based on your budget.

To get pre-approved for a mortgage, you should meet with several banks and credit unions. These lenders can explain how a mortgage works and help you find one that suits you perfectly.

In addition, don't hesitate to ask plenty of questions when you meet with lenders. These mortgage professionals can provide expert insights into the different types of mortgages, including fixed- and adjustable-rate options. By doing so, they can help you get pre-approved for a mortgage so you can kick off your search for the perfect home.

3. Work with a Real Estate Agent

When it comes to buying a home, working with a real estate agent is paramount. This real estate professional will do what it takes to eliminate guesswork and streamline the homebuying journey.

A real estate agent understands the challenges that are commonly associated with buying a home and can help you overcome any potential hurdles along the way. He or she also is happy to respond to your homebuying concerns and queries and provide you with the support you deserve at any time.

Furthermore, a real estate agent will keep you up to date about new homes as they become available, set up home showings and negotiate with home sellers on your behalf. This housing market professional will even provide honest, unbiased recommendations to help you make informed decisions throughout the homebuying cycle.

Ready to get the best results from the homebuying journey? Use these tips, and you enjoy an outstanding homebuying experience.




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