Karen Lawley's Blog
Ready to buy a condo? With help from an expert real estate agent, you can make your condo ownership dreams come true.
An expert real estate agent will go the extra mile to ensure you can purchase a top-notch condo at an unbeatable price. In addition, this real estate professional will make it easy to discover a superior condo without delay.
Ultimately, an expert real estate agent can make a world of difference during a condo search. But it is important to note that there are many factors to consider as you evaluate a real estate agentl.
Key factors that a condo buyer should consider when he or she assesses a real estate agent include:
1. Industry Experience
How many years has a real estate agent worked with condo buyers? Has a real estate agent been successful in his or her efforts to help condo buyers? And how will this housing market professional handle difficult negotiations with a condo seller? These are some of the questions to consider as you examine a real estate agent's industry experience.
When it comes to assessing a real estate agent, industry experience is key. A real estate professional who understands the ins and outs of buying a condo should have no trouble helping you purchase a superb property that matches or exceeds your expectations.
2. Communication Skills
How a real estate agent communicates with his or her clients says a lot about this professional.
If a real estate agent strives to stay in touch with clients via text, phone and email, this housing market professional likely will be able to keep a condo buyer informed at each stage of the property buying cycle.
On the other hand, a real estate agent who fails to prioritize effective communication may struggle to help a condo buyer. This housing market professional may be unavailable if a condo buyer has concerns or questions. As a result, a condo buyer is unlikely to get the support that he or she needs to make an informed property buying decision.
Meeting directly with a real estate agent can give you a better idea about his or her communication skills. If you feel comfortable with a real estate agent after a face-to-face discussion, you may want to consider moving forward with this housing market professional.
3. Client Referrals
What are previous condo buyers saying about a real estate agent? Request client referrals from a real estate agent, and you can find out how he or she has supported condo buyers in the past.
Client referrals enable you to understand what it's like to work with a real estate agent and can provide you with insights that you may struggle to obtain elsewhere. Moreover, client referrals can help you accelerate the process of choosing the right real estate agent to guide you along the condo buying journey.
For condo buyers, there is no need to worry as you prepare to enter the housing market. Instead, use these tips, and you can find a first-rate real estate agent who will ensure you can purchase your dream condo.
Ready to submit an offer on a house? Before you present a proposal to a seller, it is important to plan ahead as much as possible. That way, you can increase the likelihood of an instant "Yes" from a seller, as well as boost your chances of a quick, seamless homebuying experience.
Now, let's take a look at three steps to follow before you submit a homebuying proposal.
1. Get Pre-Approved for a Mortgage
What good is a homebuying proposal if you lack the necessary financing to purchase a house? If you get pre-approved for a mortgage today, you can ensure that you will have the home financing that you need to make your homeownership dream come true.
To get pre-approved for a mortgage, you'll want to meet with several local banks and credit unions. These financial institutions can offer full details about a variety of mortgage options and help you select one that matches or surpasses your expectations.
Also, if you are unsure about the differences between assorted mortgage options, don't hesitate to ask for assistance. Banks and credit unions employ friendly, knowledgeable mortgage specialists, and these professionals are happy to teach you about various mortgage options.
2. Define a "Competitive" Offer
If you want to acquire your ideal residence, it pays to put your best foot forward with your homebuying proposal. Because if you submit a "lowball" offer, you risk missing out on the opportunity to purchase your dream house.
A "competitive" offer generally accounts for the condition and age of a house, along with the current real estate climate. Thus, if you evaluate a wide range of housing market data, you may be better equipped than ever before to submit a competitive offer on any home, at any time.
Take a look at the prices of recently sold houses in your area. This data can paint a picture of the current state of the local housing market.
Furthermore, find out how the home that you want to buy stacks up against similar houses that are available in your city or town. With this information, you can further refine your homebuying proposal.
3. Consult with a Real Estate Agent
A real estate agent is a must-have, regardless of where you are on the homebuying journey. In fact, this housing market professional can help you can make the best-possible choices at each stage of the homebuying journey.
Prior to submitting a home offer, it often helps to collaborate with a real estate agent. This housing market professional can help you determine exactly what to offer on a home. And if your initial proposal is rejected, a real estate agent will make it simple to reenter the housing market and discover your ideal home.
When it comes to submitting an offer on a house, it usually is a great idea to prepare. If you follow the aforementioned steps, you should have no trouble providing a homebuying proposal that is sure to capture a seller's attention.
If you want to find and purchase a great house at a budget-friendly price, it helps to enter the homebuying journey with a plan in hand. Lucky for you, we're here to help you prepare for all stages of the homebuying journey.
Now, let's take a look at three tips so you can set yourself up for success as you search for your dream residence.
1. Make a List of Home Must-Haves
The definition of a dream home varies from buyer to buyer. To define your dream home, you should craft a list of house must-haves and use this list to streamline your quest to acquire your ideal residence.
Think about which home features you need. For instance, if you require a house that boasts multiple bedrooms, you can tailor your house search accordingly. Or, if you need a home that is close to your office, you can search for a residence that provides convenient access to your office.
You may want to make a list of preferred cities and towns, too. This list will enable you to focus on available houses in cities and towns that match your expectations.
2. Create a Homebuying Budget
Learn about different types of mortgages – you'll be glad you did. Because if you make an informed mortgage selection, you can begin your home search with a budget at your disposal.
Generally, it is a good idea to meet with banks and credit unions before you launch a house search. Banks and credit unions are happy to teach you about myriad types of home financing. Then, you can select a mortgage that can help you make your homeownership dream come true.
If you are unsure about how various mortgage options work, there is no need to stress. Banks and credit unions employ courteous, knowledgeable mortgage specialists, and these professionals can teach you everything you need to know about home financing.
3. Collaborate with a Real Estate Agent
A real estate agent is a homebuying expert who is happy to share his or her housing market insights with you. By doing so, a real estate agent will help you achieve your desired homebuying results as quickly as possible.
Typically, a real estate agent takes an in-depth approach to the homebuying journey. He or she first will learn about you and find out what you want to find in your dream residence. Next, a real estate agent will help you narrow your house search to residences that satisfy your needs and keep you up to date about available homes that may suit you perfectly. If you find a home you want to buy, a real estate agent then will help you craft a competitive offer to purchase this residence. Finally, if your offer to purchase a house is accepted, a real estate agent will help you complete the homebuying journey.
Want to acquire your ideal residence? Take advantage of the aforementioned tips, and you can put yourself in position to succeed as you pursue your dream home.
If you want to streamline your home search, there is no need to worry. In fact, there are several things you can do to quickly and effortlessly discover a great house at a budget-friendly price.
Now, let's take a look at three tips to help you streamline your search for your ideal house.
1. Create Homebuying Criteria
Homebuying criteria may help you save time as you embark on a quest to find your dream home. Because if you enter the housing market with homebuying criteria in hand, you'll know what you want to discover in your ideal residence.
To create homebuying criteria, think about your home must-haves and wants. Then, you can search for houses based on your homebuying criteria and move one step closer to finding a residence that you can enjoy for years to come.
Of course, it is important to remain flexible as you pursue your dream house too. And if necessary, you should be ready to adjust your homebuying criteria as your home search progresses.
2. Hone Your Home Search to Preferred Cities and Towns
You know you want to buy a house, but you still have no idea where you want to settle down. If you make a list of preferred cities and towns, however, you may be able to accelerate your home search.
Consider your short- and long-term aspirations as you prepare a list of preferred cities and towns. For instance, if your long-term goal is to work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you want to own lots of land in a small town, you may want to consider small town residences.
3. Work with a Real Estate Agent
Searching for a home on your own may prove to be time-consuming. Fortunately, real estate agents are homebuying experts who are happy to help you simplify your house search.
By hiring a real estate agent, you can receive comprehensive assistance throughout the property buying journey. A real estate agent will teach you about the housing market and respond to your homebuying concerns and queries. Plus, he or she will offer recommendations and suggestions to help you make an informed home purchase.
In addition, a real estate agent is ready to assist you in a number of ways. He or she will set up home showings, keep you up to date about new houses that become available in your preferred cities and towns and help you submit a competitive offer to purchase your dream home. Perhaps best of all, a real estate agent will do whatever it takes to help you acquire a terrific residence at an affordable price.
As you get set to embark on a home search, it generally is a good idea to enter the housing market as a prepared property buyer. Thanks to the aforementioned tips, you can conduct an in-depth home search without delay. And as a result, you can use these tips to discover your dream house in no time at all.
Ready to submit an offer on a house? Not so fast. First, you'll want to consider a few key questions, including:
1. Can I afford to buy a house?
If you find a house you like, make sure you can afford the monthly mortgage payments. By doing so, you may be able to avoid costly, time-consuming problems down the line.
Ultimately, getting pre-approved for a mortgage can make a world of difference, particularly for a homebuyer who is ready to submit an offer on a home.
With pre-approval for a mortgage, a homebuyer will understand exactly how much money is at his or her disposal. As a result, this homebuyer can avoid the temptation to overspend on a house.
2. Should I submit a "lowball" offer?
For many homebuyers, it may seem like a good idea to submit a "lowball" offer on a house. But doing so may be problematic for a number of reasons.
If you submit a lowball proposal, a home seller is unlikely to take your bid seriously. As such, this home seller may dismiss your offer and move on to other proposals quickly.
In addition, a lowball offer may cause you to miss out on the opportunity to acquire your dream residence.
When you locate the perfect residence, there is no need to leave anything to chance. If you submit a fair proposal that meets or exceeds a home seller's expectations, you can avoid the risk of losing your dream house to a rival homebuyer.
3. How much should I offer for a residence?
We've already established that a lowball offer is rarely, if ever, a good idea. Now, you'll just need to determine what differentiates a fair proposal from a lowball one.
A fair proposal accounts for the needs of both a homebuyer and home seller. It should be based on the current state of the housing market as well as the condition of a home.
For instance, if you're operating in a buyer's market, there is likely to be a broad assortment of homes available. This means a home seller may need to lower his or her expectations due to the sheer volume of quality residences currently on the market.
Don't forget to study the prices of recently sold homes in a particular city or town too. This housing market data will help you better understand how a residence you're considering stacks up against comparable houses so you can submit an appropriate offer.
4. Do I need a real estate agent?
A real estate agent will take the guesswork out of buying a home, and for good reason. This real estate professional can help you prepare an offer and will negotiate with a home seller on your behalf. That way, you can streamline the process of going from homebuyer to homeowner.
Hire a real estate agent before you submit an offer on a house – you'll be glad you did. A real estate agent will guide you along the homebuying journey and ensure you can secure a great house at a price that fits your budget.