Kathy Foran - REALTY EXECUTIVES Boston West



Posted by Kathy Foran on 1/17/2021

Purchasing a house may prove to be a long, complex process, particularly for a first-time buyer. Fortunately, there are several things that you can do to streamline the process of going from homebuyer to homeowner.

Now, let's take a look at three tips to help you enjoy a quick, easy homebuying journey.

1. Narrow Your Search for Your Dream Home

It often helps to enter the real estate market with a checklist of home must-haves and wants. With this checklist, you will be better equipped than ever before to perform a deep evaluation of any house, at any time.

Think about what you want to find in your dream home and include these criteria in your checklist. For instance, if you want to own a house near your office, you can search for houses that are just a few miles from your workplace. Or, if you want to purchase a house with a big backyard, you should look at houses that offer the space that you need.

2. Submit a Competitive Offer

If you find a house that you want to buy, there is no need to wait to submit an offer. However, it is important to differentiate between a "lowball" offer and a competitive one beforehand.

A lowball offer generally fails to account for the state of a house, as well as the current real estate market's conditions. It is likely to fall short of a home seller's expectations, and as a result, lead to an immediate "No."

Conversely, a competitive offer is based on housing market data, along with the condition and age of a house. And if you submit a competitive offer on a residence, you may receive an instant "Yes" from a home seller.

3. Conduct an In-Depth Home Inspection

After you and a home seller agree to terms, you will want to conduct a comprehensive home inspection. This will enable you to fully examine a house's interior and exterior and identify any potential home problems before you finalize your purchase.

When it comes to buying a home, there is no need to forego a home inspection. In fact, if you bypass a home inspection, you risk encountering costly, time-intensive home problems in the near future.

To hire an expert home inspector, perform a search of the available inspectors in your city or town. Then, meet with several home inspectors, ask for client referrals and allocate the necessary time and resources to perform an in-depth assessment. Because if you hire the right home inspector, you can get the support that you need to make an informed home purchase.

Lastly, if you need help finding a home inspector or completing other homebuying tasks, it usually is a good idea to employ a real estate agent. This housing market professional will learn about your homebuying goals and tailor your home search accordingly. As a result, working with a real estate agent will increase the likelihood that you can enjoy a quick, easy homebuying journey.




Categories: Uncategorized  


Posted by Kathy Foran on 12/6/2020

Deciding whether to submit an offer to purchase a house may prove to be difficult. Fortunately, we're here to help you weigh the pros and cons of submitting a homebuying proposal so you can make the best-possible decision.

Now, let's take a look at three tips to help you determine whether now is the right time to submit an offer to purchase a residence.

1. Evaluate Your Budget

If you believe you've found your dream home, you should take a look at your budget. That way, you can verify whether you'll be able to afford this residence both now and in the future.

Oftentimes, it helps to get pre-approved for a mortgage before you start a house search. If you meet with banks and credit unions, you can learn about all of the mortgage options at your disposal. Then, you can select a mortgage that allows you to pursue a house with a budget in hand.

2. Consider Your Homebuying Criteria

You want to discover your dream residence as quickly as possible, but it is paramount to find a house that you can enjoy for years to come. If you have a list of homebuying criteria, you may be able to quickly determine whether a residence is right for you.

As you craft homebuying criteria, think about what you want to find in your dream residence. For instance, if you've always wanted to own a house on a beach, you can narrow your home search accordingly. On the other hand, if you would like to own a home that has an above-ground swimming pool but can live without this feature if necessary, you should include an above-ground swimming pool as a low-priority item on your homebuying checklist.

3. Assess the Housing Market

The housing market often fluctuates, and a buyer's market today may shift into seller's favor tomorrow. If you analyze the housing market closely, you can differentiate a buyer's market from a seller's one. You then can decide whether to submit an offer to purchase or hold off on providing a homebuying proposal until housing market conditions improve.

To distinguish a buyer's market from a seller's market, it generally is a good idea to look at the prices of recently sold houses in your city or town. You also should find out how long these residences were available before they sold. By reviewing this housing market data, you can assess the demand for houses in your city or town.

Lastly, as you debate whether to submit an offer to purchase a residence, you may want to consult with a real estate agent. This housing market professional is happy to provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you perform an in-depth evaluation of a home and determine whether to offer to buy this house.

Make an informed decision about whether to submit an offer to purchase a residence use the aforementioned tips, and you'll be better equipped than ever before to decide how to proceed with any house, at any time.




Categories: Uncategorized  


Posted by Kathy Foran on 11/29/2020


 Photo by Ricarda Molck via Pixabay

More and more communities are creating spaces for both individual homes and multifamily townhomes. Both styles offer lots of space, comfortable living and access to a neighborhood's amenities -- but there are some key differences that might make one style more suitable for you than another. Learning more about the differences between these styles of home can help you make the best possible decision for your family and needs. 

Luxury Townhomes vs. Single Family Homes -- What's the Difference? 

When luxury homes and townhomes are in the same neighborhood, they often have similar design styles, interiors and access to amenities, but there are some key differences to be aware of. Consider the following when you choose your next home. 

Your family size: How much space do you need, both now and in the future? A growing family may find that a bedroom is needed for each child and that more living space is better -- or will be in the future. Singles or retirees may need a guestroom and space to entertain, but not a lot of extra bedrooms or living space, so a smaller, more compact townhome may be the best bet. 

How much maintenance will you do? Do you love to garden, enjoy caring for the yard and the exterior of your home? If so, then a single family home will give you the space you need without being burdensome when it comes to maintenance. If you prefer to enjoy landscaping, hardscaping and even external maintenance and features that are cared for by someone else, then a townhome is likely a better option. 

How do you feel about stairs? It may not matter now, but there may be a day in the future that a single level home serves you better than a home with stairs. Many, but not all townhomes are multilevel, so be sure you are comfortable with steps (or have space to make accommodations later). SIngle family homes are often (but not always) on a single level, making the entire home accessible. 

Will you resell the home? If you expect to move again in a few years, then consider the resale value of the property. Your realtor is the best source of information here and can help you determine if one type of home moves more swiftly in your current location. Some markets can't keep up with demand for low-maintenance townhomes, while others have a huge demand for family homes. Knowing the preferences in your own area can help you determine how easy it will be to sell if you need to. 

Which Home is Right for You? 

Consider both your current needs and any potential future changes when you choose between these models. If you know you will have kids and want a big yard in the future, then a single family home is likely your best bet, even if you are not expecting right now. If you are enjoying your golden years, there may come a time that a big property and the care it needs may be too much for you -- investing in a stunning and comfortable townhome now will ensure you are comfortable later. 




Categories: Uncategorized  


Posted by Kathy Foran on 9/13/2020

Purchasing a home is a life-changing decision, and as such, should not be taken lightly. Fortunately, there are lots of things you can do to prepare for the homebuying journey, such as:

1. Determine Where You Want to Live

There is no shortage of high-quality houses available across the United States. Now, you just need to determine where you want to reside, and you can hone your house search accordingly.

Think about your long-term plans as you consider where you want to live. For instance, if you enjoy life in the big city, you may want to search for houses in or near the city of your choice. On the other hand, if you want to start a family in the near future, you may want to explore residences near parks and other family-friendly attractions.

Ultimately, it helps to narrow your home search to a few cities and towns. Because if you know where you want to live, you can quickly navigate the homebuying journey.

2. Establish a Budget

A budget is a must-have for any homebuyer, at any time. If you know how much you can spend on a house, you can search for residences that fall within your price range.

Oftentimes, it helps to meet with banks and credit unions before you launch a home search. These financial institutions can teach you about different types of mortgages. Then, you can select a mortgage that suits you perfectly.

Don't forget about home inspection, closing and other property buying fees, either. If you account for these property buying costs, you can ensure you have the necessary funds available to cover them.

3. Consult with a Real Estate Agent

A real estate agent is a difference-maker for a homebuyer. He or she is happy to teach a homebuyer about the ins and outs of the real estate market. As a result, a real estate agent will help you become a homebuying expert.

Typically, a real estate agent offers recommendations and insights throughout the homebuying journey. He or she first will learn about you and help you establish homebuying expectations. Next, a real estate agent will help you kick off a search for homes in your preferred cities and towns. When you find your dream residence, a real estate agent will help you craft a competitive offer to purchase this home. And if your offer to purchase is approved, a real estate agent will help you navigate the final stages of the homebuying journey.

Furthermore, a real estate agent can provide assistance any time a homebuyer has concerns or questions. A real estate agent strives to help you make informed homebuying decisions. Thus, he or she will do whatever it takes to educate you about the homebuying cycle and ensure you are ready to find and buy your ideal residence.

Simplify the process of finding your dream home use the aforementioned tips, and you can prep for the homebuying journey.




Categories: Uncategorized  


Posted by Kathy Foran on 8/30/2020

No one wants to face a homebuying dilemma. Yet problems may arise during the homebuying journey that make it tough for an individual to find and buy his or her dream residence. Lucky for you, we're here to help you prepare for potential homebuying dilemmas and ensure you can quickly address these issues.

Now, let's take a look at three tips to help you avoid a homebuying dilemma as you search for your ideal house.

1. Craft a Homebuying Strategy

If you intend to embark on a home search, it often helps to enter the real estate market with a plan in hand. That way, you can streamline your house search and boost the likelihood of finding a quality home that matches your expectations.

Think about where you want to live, as well as the features you want to find in your dream home. Then, you can create a homebuying strategy designed to help you discover the right house.

2. Get Pre-Approved for a Mortgage

Obtaining home financing may prove to be problematic for some people. However, if you apply for a mortgage today, you can start your search for your dream home with a budget at your disposal.

There is no shortage of mortgage options available to homebuyers nationwide. Adjustable- and fixed-rate mortgages are two of the most popular options for homebuyers. Meanwhile, banks and credit unions can teach you about adjustable- and fixed-rate mortgages and other home financing options at your convenience.

If you meet with banks and credit unions, don't hesitate to ask mortgage questions, either. If you learn about all of your mortgage options, you can make an informed home financing selection that may serve you well for years to come.

3. Hire a Real Estate Agent

There is no telling when a homebuying dilemma will crop up during your search for your dream residence. Fortunately, if you hire a real estate agent, you can receive expert assistance with any homebuying dilemma, at any time.

A real estate agent understands the challenges commonly associated with buying a home. Therefore, he or she will do everything possible to help you address these challenges as you navigate the homebuying journey.

Typically, a real estate agent will help you craft a property buying strategy, narrow your home search and establish realistic homebuying expectations. He or she also will set up home showings, teach you about different aspects of the housing market and provide homebuying recommendations and suggestions.

If you discover your dream residence, a real estate agent will help you put together a competitive offer to purchase this home too. And if your homebuying proposal is approved, a real estate agent will help you finalize your house purchase as quickly as possible.

There is no need to stress about homebuying dilemmas. If you take advantage of the aforementioned tips, you can get ready for potential homebuying problems and resolve these issues before they escalate.




Categories: Uncategorized