Wolcott Realty | Westfield Real Estate, Russell Real Estate, West Springfield Real Estate


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.


If you intend to buy a house, it generally is a good idea to establish realistic property buying expectations. That way, you can plan ahead for the homebuying journey and avoid potential problems that otherwise may prevent you from achieving your desired results.

Now, let's take a look at three tips to help you manage your expectations as you pursue your dream residence.

1. Create Homebuying Criteria

With homebuying criteria, you can determine exactly what you want from your dream residence. Then, you can narrow your house search and speed up your quest to discover your ideal home.

Think about where you want to live. For instance, if you prefer the hustle and bustle of the big city over life in a small town, you may want to hone your house search to properties in the city of your choice. Or, if you have always dreamed about owning a home near the beach, now may be the ideal time to transform your dream into a reality.

Don't forget to consider the features you want from your dream home too. Make a list of home must-haves and wants, and you can streamline your home search.

2. Set Homebuying Goals

Establishing homebuying goals can help you build a roadmap for your home search. This roadmap then will enable you to identify potential homebuying hurdles and resolve such issues before they escalate.

Homebuying goals can guide you along the homebuying journey. You can create as many or as few goals as you'd like, and by doing so, simplify your search for your ideal residence.

In addition, it is important to be flexible with your homebuying goals. And remember, if you fail to accomplish a homebuying goal by a specific date, you can always adjust your homebuying roadmap as needed.

3. Collaborate with a Real Estate Agent

If you are unsure about what to expect during the homebuying journey, there is no need to stress. In fact, you can hire an expert real estate agent who can help you establish realistic property buying expectations from day one.

A real estate agent first learns about you and your homebuying goals. He or she next will put together a personalized homebuying strategy for you and ensure you can complete a successful property buying journey.

As you search for your dream home, a real estate agent will set up home showings and keep you up to date about new houses that meet your homebuying criteria. He or she also will help you submit an offer to purchase on any house you want to acquire. And once an offer to purchase is accepted, a real estate agent will help you navigate the final steps of the property buying journey.

Ready to begin your search for your dream residence? If you understand how to manage your homebuying expectations, you should have no trouble achieving the best-possible results at each stage of the homebuying journey.


Once you’ve made up your mind that you want to buy a house, either to decrease your rent or increase your income, the next hurdle will be choosing the right property. You will find no shortage of glossy brochures or recommendations from all sides telling you why this flat or that house is best for you. So, which of the many voices should you pay attention to? Here are some guiding principles to help you make the right choice:

What are your home ownership goals?

Why do you want to buy a house? Do you want to live in it for the rest of your life, or is it just a place to start as you save up for your dream home? Is it your retirement paradise or is it an investment that you will flip for a profit after a year or two? Alternatively, you could just be in the market for a getaway cabin for your family.

Problems or challenges you’re dealing with in your current residence may contribute to some of these goals. Put them down in a list as some of the criteria any potential new home has to meet.

What kind of neighborhood do you want to live in?

If you’re buying a dream home or retirement retreat, this will be particularly important as this is where you’ll be spending the rest of your life. You want to live in a place where your neighbors hold dear the same aesthetic values as you. If you enjoy your peace and quiet, you might not want to live in an area where residents are allowed to hold loud parties until the wee hours. 

How seriously is security taken in that neighborhood? How clean is the area? Is there a management committee or neighborhood association that looks into such issues?

Have you exhausted your options?

Before you seal any deal, ask yourself, “Can I do better?” You may have found a house that nearly checks all your must-have boxes, but there could be one down the street that does the same at a considerably lower asking price. Don’t assume there’s no better deal out there. Be willing to keep looking even if you feel you’ve been scouring the market for too long.

Write down your home ownership goals and hold them up against all the homes you’re considering for purchase. Make sure your real estate agent understands your goals so they can help you find the best home.


Buying a home is a big financial endeavor that takes planning and saving. Aside from a down payment, hopeful homeowners will also need to save for closing costs and moving expenses.

When it comes to the down payment amount you’ll need to save, many of us have often heard 20%, the magic number. However, there are a number of different types of mortgages that have different down payment requirements.

To complicate matters, mortgages vary somewhat between lenders and can change over time, with the ebb and flow of the housing market.

So, the best way to approach the process of saving for a down payment is to think about your needs in a home, and reach out to lenders to start comparing rates.

However, there are a few constants when it comes to down payments that are worth considering when shopping for a mortgage.

In today’s post, we’re going to talk about some characteristics of down payments, discuss where the 20% number comes from, and give you some tips on finding the best mortgage for you.

Do I need 20% saved for a down payment?

With the median home prices in America sitting around $200,000 and many areas averaging much higher, it may seem like 20% is an unattainable savings goal.

The good news is that many Americans hoping to buy their first home have several options that don’t involve savings $40,000 or more.

So, where does that number come from?

Most mortgage lenders will want to be sure that lending to would be a smart investment. In other words, they want to know that they’ll earn back the amount they lend you plus interest. They determine how risky it is to lend to you by considering a number of factors.

First and foremost is your credit score. Lenders want to see that you’re paying your bills on time and aren’t overwhelmed by debt. Second, they will ask you for verification of your income to determine how much you can realistically hope to pay each month. And, finally, they’ll consider the amount you’re putting down.

If you have less than 20% of the mortgage amount saved for your down payment, you’ll have to pay for private mortgage insurance (PMI). This is an extra fee must be paid in addition to your interest each month.

First-time buyers rarely put 20% or more down

Thanks to FHA loans guaranteed by the federal government, as well as other loan assistance programs like USDA loans and mortgages insured by the Department of Veterans Affairs, buying a home is usually within reach even if you don’t have several thousands saved.

On average, first-time buyers put closer to 6% down on their mortgage. However, they will have to pay PMI until they’ve paid off 20% of their home.


So, if you’re hoping to buy a home in the near future, saving should be a priority. But, don’t worry too much if you don’t think you can save the full 20% in advance.


Let's face it – homebuyers often face intense pressure. In many instances, dozens of homebuyers may compete for the same residence. And if you don't act quickly, you risk missing out on your dream house to a rival homebuyer.

Believe it or not, it sometimes can be beneficial to take a wait and see approach to buying a house. Some of the key reasons for homebuyers to consider deploying a wait and see approach include:

1. You can determine exactly what you want in your dream house.

Differentiating between must-haves and wants can be tough, particularly for homebuyers who are shopping for residences for the first time. Fortunately, if you take a slow, gradual approach to homebuying, you can view a variety of residences and narrow your search accordingly.

Oftentimes, homebuyers can benefit from attending open houses and getting a firsthand look at myriad residences. Each open house provides an opportunity to analyze a home, review its pros and cons and determine whether a residence is right for you. As such, homebuyers can attend many open houses to better understand what they want from a dream residence.

2. You can get your finances in order.

Although you know you want to buy a house, getting your finances in order may prove to be hassle. Luckily, homebuyers who implement a wait and see approach can find a mortgage that matches their finances perfectly.

Ideally, a homebuyer should meet with several banks and credit unions and explore all of the mortgage options at his or her disposal. During each meeting with a mortgage lender, a homebuyer can receive expert insights into many mortgage options.

A homebuyer may want to get pre-approved for a mortgage as well. If a homebuyer embarks on a search for the right mortgage today, this individual can move closer to entering the housing market with a budget in hand and simplifying his or her home search.

3. You can find the perfect real estate agent.

Ultimately, the real estate agent that you select may dictate the success of your quest to find your dream residence. If you allocate the necessary time and resources to hire a hardworking and experienced real estate agent, you should have no trouble streamlining your home search. On the other hand, if you rush to hire the first real estate agent that you meet, you risk making the wrong choice.

When it comes to finding the perfect real estate agent, it pays to be patient. By spending some time learning about various real estate agents in your area, you can select a top-notch housing market professional to guide you along the homebuying journey.

Lastly, don't forget to select a real estate agent who is available to respond to any homebuying concerns and questions, at any time. With this housing market professional at your side, you can boost your chances of discovering your ideal residence.

There is no need to rush to find your dream home. Instead, take a wait and see approach to buying a house, and you may reap the benefits of your decision for years to come.




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