Posted by Pamela Crawford on 8/18/2019

Ready to make your homeownership dream a reality? In some cases, you may need to submit a home offer that surpasses a home seller's initial asking price, and these cases include:

1. You've fallen in love with a house.

Once you've found your dream residence, you'll want to do everything possible to secure this home as quickly as possible. Therefore, if you fall in love with a house, you can submit an offer that exceeds a home seller's initial asking price in the hopes of streamlining the homebuying journey.

Of course, before you submit an offer on any house, it is paramount to understand what differentiates an average home from a great one.

A great residence is one that you can enjoy both now and in the future. It likely will require minimal initial repairs, and as such, will be worth your time and resources.

2. You are facing steep competition.

For homebuyers who are competing for a high-quality residence in a buyer's market, it often pays to submit a home offer that surpasses a homebuyer's initial asking price. By doing so, you can guarantee your offer will stand out from others and boost the likelihood of securing your dream residence.

In a competitive real estate market, there is no need to hesitate to submit an above-average home offer, either.

A home offer that impresses a homebuyer may set the stage for a quick home sale. And if you put your best foot forward with a home offer, you should have no trouble acquiring a terrific residence, regardless of the current housing market's conditions.

3. You have substantial financial resources at your disposal.

A diligent homebuyer may choose to get pre-approved for a home loan. As a result, this homebuyer may be better equipped than others to submit a home offer that is higher than a home seller's initial asking price.

For example, a homebuyer who receives pre-approval for a home loan can start the homebuying journey with a budget in hand. This homebuyer then can check out houses that fall within his or her price range. And after this homebuyer discovers the perfect house, he or she can make an above-average proposal to acquire the residence.

To get pre-approved for a home loan, a homebuyer should meet with multiple lenders. Next, this homebuyer can review various home loan offers and select one that corresponds with his or her finances.

Lastly, if you need extra support during the homebuying journey, it pays to collaborate with a real estate agent.

A real estate agent will help you evaluate a broad array of houses in your city or town. In addition, this housing market professional can help you put together the right offer on a house to ensure you can secure your dream residence in no time at all.

Take the next step to acquire your ideal house – reach out to a local real estate agent today, and you can move closer to finding and purchasing your dream residence.




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Posted by Pamela Crawford on 8/11/2019

Personal financial in your twenties comes with a steep learning curve. One minute you’re studying for your finals and the next you’re expected to suddenly know about APR financing, 401(K)s, and fixed-rate mortgages.

If you’re in your twenties and are facing these new challenges, you’re probably equal parts terrified and excited for the future. And, although it can be anxiety-inducing to step into the world of personal finance, you have one tool to your advantage that your parents and grandparents didn’t have: the internet.

So, in this article, we’re going to give you some tips about buying a home and managing your finances in your twenties.

Have an emergency fund

You probably have a lot of things you want to save for. Down payments on mortgages and auto loans, saving money for traveling, beginning your retirement funds, and maybe even starting a family; they’re all important investments that will take time and financial planning to achieve.

However, one thing that many young people neglect when they first start saving is an emergency fund. There are any number of things that can throw a wrench in your plans in your twenties. You might lose a job and have to live off of savings while hunting for a new one. Maybe something goes wrong with your car and it costs hundreds to repair. Or, you could have unforeseen medical expenses that aren’t covered by your insurance. Regardless of the reason, having an emergency fund will help you stay out of unnecessary debt.

It’s recommended to have at least 6 months of living expenses saved in your emergency fund. Once you have this amount saved, it’s a good idea to keep it in a separate account to avoid spending it on things that aren’t exactly an emergency.

Don’t live above your means

We all know that buying a house, going to college, and even buying groceries are all exponentially more expensive than they used to be. However, it’s still important to try to adjust your lifestyle to the things you can afford.

This includes the vehicle you drive, the first home you buy, and even smaller purchases you make.

Avoiding lifestyle creep

Related to our last point about living above your means, lifestyle creep is the phenomenon that occurs when you get a raise or a higher paying job: the more we make, the more we spend. However, it’s possible to avoid this trend by keeping your finances in check.

The next time you get a raise, make sure that money is put to use in either your retirement fund or savings account. This method is based on the goal of “giving every dollar a job.” When every dollar you earn has a purpose, you’re less likely to spend it on new video game consoles every six months.





Posted by Pamela Crawford on 5/12/2019

A successful homebuying experience is a pipe dream for many individuals. However, those who understand the key attributes of a successful homebuyer may be able to transform their homebuying dreams into realities.

Now, let's take a look at three key attributes of successful homebuyers.

1. Persistent

A successful homebuyer won't take "No" for an answer; instead, this individual will go the extra mile to ensure he or she can acquire a great house at a budget-friendly price.

Ultimately, a successful homebuyer is driven to accomplish his or her goals. This individual's persistence is distinct, and as such, may help him or her achieve the optimal results.

To be persistent throughout the homebuying journey, it generally is a good idea to monitor the housing market closely. Because if you keep track of new homes that become available in cities and towns where you want to live, you can pounce at the opportunity to acquire your ideal residence.

2. Data-Driven

A successful homebuyer likely realizes that he or she needs to learn about the real estate sector. Therefore, this individual will allocate the necessary time and resources to analyze housing market data.

With a data-driven approach to buying a house, a homebuyer can increase the likelihood of a seamless homebuying experience. In fact, myriad housing market data is available to help a buyer discover the perfect house in no time at all.

Homebuyers may want to assess the prices of recently sold houses in their preferred cities and towns. This information can help buyers differentiate between a buyer's and seller's market and map out the homebuying journey accordingly.

Furthermore, examining a personal financial data may be helpful before kicking off a home search. And if a homebuyer collaborates with a bank or credit union, he or she can get pre-approved for a mortgage and enter the housing market with a budget in hand.

3. Patient

A successful homebuyer understands the challenges associated with purchasing a house. As a result, this individual can take the right steps to avoid such challenges as he or she proceeds along the homebuying journey.

For example, a successful homebuyer won't feel stressed if he or she encounters problems during a home inspection. Conversely, the homebuyer will look at his or her options and determine the best course of action. And if this individual decides to walk away from a home sale, he or she will feel good about reentering the housing market and beginning a home search once again.

When it comes to enjoying a successful homebuying experience, it pays to hire an expert real estate agent as well. This housing market professional can help you evaluate a wide range of houses and find one that matches or exceeds your expectations. Then, a real estate agent will ensure you can put together a competitive homebuying proposal to secure your dream residence.

Consider the key traits of a successful homebuyer – you'll be glad you did. If you strive for success at each stage of the homebuying journey, you should have no trouble acquiring your dream residence.




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Posted by Pamela Crawford on 4/21/2019

Finding the right vacation house is rarely simple. Dozens of quality vacation residences are available in cities and towns nationwide. Yet if you make even a single mistake during your search for the ideal vacation residence, you risk making a poor property buying decision.

As you get set to begin a search for a vacation home, there are many things you can do to boost the likelihood of finding a residence that matches your needs. Now, let's take a look at three tips to help you conduct a comprehensive – and successful – vacation home search:

1. Establish Homebuying Criteria

Prior to launching a search for a vacation house, consider the features you want in your dream residence. Then you can hone your search for vacation homes that fall in line with your expectations.

Crafting a list of vacation home must-haves usually is a good idea. This list can focus on distinct features you want to find inside your home – from a modern, state-of-the-art kitchen to a spacious master bedroom. It also can focus on home exterior features like a beautiful front yard or a large driveway.

2. Determine Your Preferred Cities and Towns

Once you know what you want to find in your ideal vacation residence, make a list of preferred cities and towns. With this list in hand, you can focus exclusively on vacation houses in cities and towns you know you will enjoy.

Before you craft a list of preferred cities and towns for your vacation home search, it is important to remember that house prices vary nationwide. Thus, it often helps to take a look at home prices in various cities and towns. This will give you an idea about the average price range for houses in different areas.

3. Work with a Real Estate Agent

If you want to streamline your search for a vacation home, it typically helps to hire a real estate agent. Because if you have a real estate agent at your side, you can receive extensive support as you navigate each stage of the vacation homebuying journey.

A real estate agent is a homebuying expert who is happy to share his or her housing market knowledge with you. First, he or she will learn about you and your vacation homebuying goals. A real estate agent next will craft a custom strategy designed to help you achieve your homebuying goals as quickly as possible. Finally, you and your real estate agent can put this plan into action.

Let's not forget about the assistance that a real estate agent provides when a homebuyer is ready to submit an offer to purchase a vacation house, either. At this point, a real estate agent will help a homebuyer put together a competitive homebuying proposal. And if a seller accepts this offer to purchase, a real estate agent then will guide the buyer through the final stages of the homebuying journey.

Take the necessary steps to find your dream vacation home – use the aforementioned tips, and you could accelerate your quest to discover a vacation residence that suits you perfectly.




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Posted by Pamela Crawford on 3/17/2019

Let's face it – there are many risks that you may face during the homebuying journey. From submitting an offer on a house that ultimately proves to be a poor investment to failing to obtain a mortgage due to a bad credit score, there are various issues that may prevent you from achieving your desired results. Lucky for you, we're here to help you focus on the task at hand and eliminate potential risks as you search for your ideal residence.

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

1. Set Realistic Homebuying Expectations

How you search for a home may determine whether you are successful or unsuccessful. For example, if you evaluate houses that fall outside your price range, you may struggle to find a home that you can actually afford. On the other hand, if you establish realistic homebuying expectations from the get-go, you may be able to streamline your house search.

Think about where you want to live and how much you can afford to pay for a home. Also, you should consider home must-haves and wants. With this information at your disposal, you can avoid the risk of missing out on an opportunity to acquire a residence that matches your expectations.

2. Get a Mortgage

Getting pre-approved for a mortgage is pivotal. Because if you obtain a mortgage today, you can enter the housing market with a budget and narrow your house search accordingly. Perhaps most important, a mortgage enables you to avoid the temptation to pursue homes that be priced beyond your budget.

Consult with banks and credit unions, and you can learn about a broad array of mortgage options. Then, you can select a mortgage and kick off your search for your dream residence.

3. Work with a Real Estate Agent

Problems may arise at any point during the homebuying journey. And if you're unsure about how to address these issues, it may be tough for you to acquire your ideal residence. Fortunately, if you hire a real estate agent, you may be able to identify and address homebuying problems before they escalate.

A real estate agent understands the housing market and is happy to share his or her expertise with you. This housing market professional can teach you about the differences between a buyer's and seller's market, help you prepare a homebuying strategy and much more.

Let's not forget about the assistance that a real estate agent can provide as you get ready to submit an offer on your dream home, either. A real estate agent will help you craft a competitive homebuying proposal. Furthermore, he or she will negotiate with a seller's agent on your behalf and do everything possible to ensure you can acquire your dream residence at a budget-friendly price.

Take control of the homebuying journey – use the aforementioned tips, and you can limit risk as you search for your ideal house.




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