Our Real Estate Blog
Establishing a homebuying budget can be tough. But for those who want to secure a terrific home at an affordable price, entering the housing market with a budget in hand can make it easy to accelerate the homebuying cycle.
Now, let's take a look at three questions to consider about a homebuying budget.
1. How much money have I saved for a home?
Examine your finances and see how much money is readily available for a home purchase.
Remember, the more money that is at your disposal, the more likely it becomes that you'll be able to secure your dream residence in no time at all.
Although savings are important, it is essential to note that those who have little to no money saved still have plenty of time to get ready for the homebuying journey. And if you start saving a little bit each day, you can move closer to accomplishing your homeownership dreams.
2. Do I need to get a home loan?
In most instances, a homebuyer will need to obtain a home loan so he or she can purchase a residence. Luckily, many lenders are available to help you discover a home loan that matches or surpasses your expectations.
Meet with a variety of lenders in your area – you'll be glad you did. Each lender can provide insights into assorted home loan options, explain how each home loan works and respond to your home loan concerns and questions.
Also, it often helps to get pre-approved for a mortgage. If you have a mortgage available when you enter the real estate market, you'll know exactly how much you can spend on a residence, thereby reducing or eliminating the temptation to overspend on a house.
3. How will my monthly expenses change after I buy a house?
Owning a home is different from renting an apartment. As such, you'll want to account for all potential expenses as you create a homebuying budget.
For example, a homeowner will be responsible for any home cable, internet and phone bills. This property owner also will need to consider any home maintenance costs like those associated with mowing the lawn in summer or removing snow from the driveway in winter.
Crafting a homebuying budget that accounts for your personal finances can be tricky. If you need additional support along the way, lenders may be able to provide expert tips to ensure you can acquire a wonderful house without exceeding your financial limitations.
Lastly, don't forget to reach out to a real estate agent for help along the homebuying journey. A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you in any way possible. From setting up home showings to negotiating with home sellers on your behalf, a real estate agent will make it easy for you to secure a superior home at a budget-friendly price.
Consider the aforementioned homebuying budget questions, and you can speed up the homebuying process.
Cooking a homemade meal fills the home with mouthwatering aromas. But once you’re done eating and your hunger is satiated, you won’t want those cooking odors to stick around any longer.
Eliminating cooking odors isn’t easy, as they tend to stick to the surfaces of your house in the form of grease splatter, and oils that make their way through the air.
Fortunately, there are many great ways to avoid, reduce, and eliminate household cooking odors so that you don’t have to wake up each morning still smelling last night’s fish dinner.
Know thy enemy
The worst culprits of cooking odor are the ones that make their way into your vents, onto your stovetop, and stick to any surfaces within reach. We’re talking about cooking grease and oils. The best way to manage these odors is to try to limit their ability to spread across your house. When frying on your stovetop, cook with the cover of the pan slightly ajar or purchase a splatter screen. This will greatly reduce the amount of grease that spreads across your kitchen.
Enjoy the outdoors
The grill isn’t just for steaks. If you have a meal that’s likely to leave lingering odors in your home, take it outside to cook on a nice day. You can often buy grill-friendly fry pans and other accessories that will expand the number of meals you can cook outdoors.
The best chance you have at reducing cooking odors is to clean them up as soon as you’re done eating. Make an agreement that whoever does dishes for the night will also be in charge of wiping down the surfaces of your kitchen.
Open up the windows and turn on your exhaust fan while cleaning too, this will help sweep away the stale, humid air in your kitchen that is likely to settle in the house.
Proper dish management
It can be tempting to leave the dirty dishes in the sink or dishwasher for the next day, but if you do you’re giving cooking odors a free pass to hang around for another night. What’s worse, some odors worsen over time, such as pans that were used for cooking meats.
Some odor neutralizers are more sensational than effective. One common myth is that an open box of baking soda will neutralize odors. While baking soda can be mixed to form a useful cleaning solution (and therefore reducing odors), it doesn’t do much to eliminate odors on its own.
Instead, try cleaning with neutralizing agents. Citrus and vinegar scented cleaners are easy to make, inexpensive, and don’t contain any dangerous chemicals.
Another option would be to use odor neutralizing air fresheners, fabric fresheners, and candles. If you have furniture that tends to attract cooking odors, you can spray them lightly with a fabric freshener or wipe them down with dryer sheets.
Who says a home seller should be forced to wait many weeks or months to sell his or her residence? Instead, devote the time and resources to get your home ready for the real estate market today, and you can boost your chances of a quick home sale.
Ultimately, there are many ways to set up your residence for a quick sale, including:
1. Establish a Competitive Price
The first 30 days your home is available on the housing market are critical. But if you establish a competitive home price from the get-go, your house could sell just days after it hits the market.
To determine the right price for your home, you'll first want to evaluate the prices of residences similar to your own. By doing so, you'll be able to assess your house relative to the competition and set a fair price for your residence.
Also, consider how homebuyers may evaluate your residence when they first see it. If you examine the homebuyer's perspective, you'll be better equipped to understand your house's strengths and weaknesses and establish the right price for your home.
2. Focus on Improving Your Home's Curb Appeal
What does a homebuyer think of your residence when he or she views your house for the first time? Your house's curb appeal may impact your ability to enjoy the benefits of a quick home sale. If you spend some time enhancing your residence's curb appeal, however, you may be able to speed up the home selling process.
Simple home exterior improvements such as mowing the lawn and painting the front door could make a world of difference for home sellers. These enhancements may help your residence stand out from the competition and enable your house to generate widespread interest in no time at all.
3. Declutter and Depersonalize Your Home
Make it easy for homebuyers to envision what life would be like if they purchased your home by decluttering and depersonalizing your residence.
Taking down family photographs and putting away personal belongings may seem like a time-consuming process, but removing these items from your residence will enable homebuyers to look at your house as more than just another property. In fact, decluttering and depersonalizing your house will empower homebuyers to view your residence as a home that they could enjoy for years to come.
Selling a home can be challenging, but a real estate agent can help you overcome a wide range of home selling hurdles. This professional understands what it takes to accelerate the home selling process and will do everything possible to help you promote your residence to the right homebuyers consistently. Plus, your real estate agent can help you establish a competitive price for your house, find fast, effective ways to boost your residence's curb appeal and more.
Commit the necessary time and resources to prep your house for the real estate market. That way, you can ensure your residence stands out from others that are available and improve your chances of a quick home sale.
Purchasing a home may prove to be an arduous process, particularly for those who fail to plan ahead for the property buying journey. Thankfully, there are many quick, easy ways to streamline the homebuying cycle.
Now, let's take a look at three tips to help you become a smart homebuyer.
1. Study the Real Estate Market
A smart homebuyer realizes the housing market fluctuates constantly. In fact, a real estate market that favors sellers today may favor buyers tomorrow, or vice-versa. But if a homebuyer reviews the housing sector closely, he or she can differentiate a buyer's market from a seller's market and plan accordingly.
Oftentimes, it helps to analyze the prices of recently sold houses in your preferred cities and towns. This will enable you to see whether houses are selling at or near their initial asking prices. It also will allow you to find out how long homes are available before they sell.
2. Obtain Home Financing
A smart homebuyer understands the importance of getting a mortgage before he or she pursues a residence. Thus, this buyer will meet with lenders and get pre-approved for home financing to further accelerate the homebuying journey.
Generally, it won't take long to get pre-approved for a mortgage. Banks and credit unions employ friendly, knowledgeable mortgage specialists who can help homebuyers quickly analyze various home financing options. These specialists can teach you about a broad array of mortgage options and help you weigh the pros and cons of different mortgages. Then, once you evaluate all of your mortgage options, you can select a mortgage and kick off the homebuying journey with a budget in hand.
3. Hire a Real Estate Agent
A smart homebuyer knows that working alone to find and purchase a house can be difficult. Therefore, this buyer will allocate time and resources to hire a real estate agent who can provide comprehensive assistance throughout the homebuying journey.
Typically, a real estate agent is a must-have for a homebuyer, regardless of the current housing market's conditions. A real estate agent understands the ins and outs of the housing sector and is happy to share his or her expertise with any homebuyer, at any time.
When it comes to navigating the homebuying journey, a real estate agent is ready to help you in any way possible. For instance, if you need help finding a residence in a particular city or town, a real estate agent will make it simple to narrow your house search. On the other hand, if you want to buy a new house as quickly as possible, a real estate agent will ensure you can discover your dream residence on your timeline. Best of all, a real estate agent will respond to any of your homebuying concerns and questions and help you make informed decisions at each stage of the homebuying cycle.
Enter the housing market as a smart homebuyer – use the aforementioned tips, and you can increase the likelihood of enjoying a successful homebuying journey.
As a first-time home seller, it can be difficult to determine exactly what you need to do to prep your house for the real estate market. Lucky for you, we're here to teach you what it takes to sell a house in any real estate market, at any time.
Now, let's take a look at three important questions that every first-time home seller needs to consider:
1. Am I ready to sell my house?
For many first-time home sellers, the answer to this question is a resounding "No," and perhaps it is easy to understand why.
Adding a home to the real estate market requires home sellers to conduct plenty of real estate research. By doing so, a first-time home seller can determine how his or her house stacks up against comparable residences that are currently available.
Also, it may prove to be worthwhile to complete a home appraisal. This assessment will enable you to identify your house's strengths and weaknesses and complete any property repairs immediately.
2. After I sell my house, where will I go?
It is important for a first-time home seller to think about the big picture. Thus, you'll need to consider where you'll go after you sell your residence.
If you think about where you'd like to relocate, you can start planning accordingly. In fact, you can establish a home selling timeline and find ways to make the most of the time and resources available to you.
In addition, if you need to relocate as soon as possible, this may have far-flung effects on how you market your residence.
A home seller who needs to move right away may be more likely that others to list his or her house at a below-average price. On the other hand, a home seller who can afford to be patient can wait out the real estate market if necessary.
3. What should I expect when my home hits the real estate market?
Unfortunately, the housing market offers no guarantees. This means a dedicated first-time home seller who goes above and beyond the call of duty to prepare a home may watch his or her house linger on the real estate market for months. On the other hand, a home seller who does minimal prep work may watch his or her house sell immediately.
When it comes to getting ready to add your house to the real estate market, there is no reason to leave anything to chance. With an expert real estate agent at your side, you can boost your chances of getting the best results during the home selling journey.
An expert real estate agent can answer any questions that you may have about selling your house. Plus, he or she will help you list your residence, promote it to potential property buyers and set up home showings and open houses.
Ready to add your house to the real estate market? Use the aforementioned tips, and any first-time home seller can seamlessly navigate the home selling process.