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


Looking to buy a house in the next few months? Ultimately, a cautious approach to purchasing a residence may prove to be ideal, and perhaps it is easy to understand why.

There are many reasons to err on the side of caution as you search for your dream house, including:

1. You don't want to pay too much for a house.

Although acquiring your dream house may seem priceless, it is important to remember that the costs to purchase a residence can add up quickly. As such, if you're not careful, you risk overspending on a house.

Lucky for you, there are many simple ways to avoid the temptation to bid too much on a residence.

First, analyze the housing market closely and search for patterns and trends. If you discover an abundance of houses is available, you may be operating in a "buyer's" market. As a result, you may be better equipped than ever before to acquire a top-notch residence at a budget-friendly price.

Don't forget to get pre-approved for a mortgage prior to starting your home search too. That way, you can enter the housing market with a mortgage – and budget – in hand.

2. You want to find a house that you can enjoy for years to come.

A home is one of the biggest purchases that an individual will make in his or her lifetime. Thus, it is important to allocate the necessary time and resources to assess a house before you submit an offer on it.

Of course, a home showing is a must prior to the submission of a home offer. A home showing allows you to walk around a residence and envision what life might be like if you purchase this home.

After you submit an offer on a house, you'll likely have the opportunity to complete a property inspection before you finalize your home sale. This inspection is important, as it enables you to learn about any "hidden" problems that may have gone unnoticed during an initial home showing.

If you feel comfortable with a residence after an inspection, you can move forward with a home sale. Or, if you aren't comfortable with a house at this point, you can always submit a counter-proposal or remove your offer entirely.

3. You want your home to retain its long-term value.

Let's face it – buying a home is a tough decision. And if you need extra help determining whether a home purchase is a viable long-term decision, it may be a good idea to consult with a real estate agent.

Typically, a real estate agent can respond to any of your homebuying concerns and questions, at any time. He or she is happy to help you explore high-quality houses, and by doing so, will enable you to take the guesswork out of discovering a residence that will retain its value.

Err on the side of caution as you proceed along the homebuying journey, and you should have no trouble purchasing a residence that matches or surpasses your expectations.


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.


Generally, the length of the homebuying journey depends on the individual. In some instances, a buyer will purchase the first house that he or she views in-person. Or, in other cases, it may take a buyer several weeks or months to find a house that matches his or her expectations.

There is no need to rush the homebuying journey. But if you know what to expect when you pursue your dream house, you may be able to seamlessly navigate the property buying cycle.

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

1. Establish Homebuying Criteria

If you know where you want to live and what you want to find in your ideal residence, you can tailor your house search accordingly. And as a result, you may be better equipped than other property buyers to discover a great house at an affordable price.

As you put together homebuying criteria, it is important to consider your long-term plans as well. For instance, if you enjoy city life and want to spend as much time as possible in the city, a house in the city may be the right choice for you. On the other hand, if you want to raise your family in a small town, you may want to hone your search to houses in small towns.

2. Get Pre-Approved for a Mortgage

A home purchase likely will require you to obtain a mortgage. Fortunately, banks and credit unions are available nationwide, and these financial institutions can help you get pre-approved for a mortgage.

Meet with several banks and credit unions so you can learn about all of the mortgage options at your disposal. Then, you can select a mortgage and enter the real estate market with a budget in hand.

3. Hire a Real Estate Agent

If you're on the lookout for your dream home, you may want to hire a real estate agent. This housing market professional can keep you up to date about new residences that become available in your preferred cities and towns – and much more.

Typically, a real estate agent will do whatever it takes to help you find and buy your dream home. He or she initially will learn about your homebuying goals and develop a custom homebuying strategy for you. Next, a real estate agent will set up home showings and keep you informed about open house events. And if you discover your ideal residence, a real estate agent will help you craft an aggressive offer to purchase this house.

Let's not forget about a real estate agent's homebuying expertise, either. If you ever have concerns or questions during the homebuying journey, a real estate agent can respond to them. That way, you can gain the insights you need to make an informed home purchase.

Simplify the homebuying journey – use the aforementioned tips, and you should have no trouble finding and acquiring your dream house.


If you intend to buy a house in the foreseeable future, it pays to prepare. That way, you can enter the real estate market as an "extraordinary" homebuyer, i.e. someone who knows exactly what it takes to find a great house at an outstanding price.

Now, let's take a look at three tips to help any homebuyer go from ordinary to extraordinary.

1. Learn the Ins and Outs of the Housing Sector

The real estate market is complex, particularly for someone who is pursuing a house for the first time. Fortunately, plenty of housing market data is available that can help you gain the insights that you need to make an informed home purchase.

Take a look at homes that are currently available in your city or town. By doing so, you can better understand the prices of houses that match your expectations. Then, you can tailor your home search accordingly.

Furthermore, don't forget to assess the prices of recently sold residences in your area. This housing market data will help you determine whether you're about to enter a real estate market that favors buyers or sellers.

2. Get Your Finances in Order

Meet with banks and credit unions to learn about your mortgage options – you'll be glad you did. If you get pre-approved for a mortgage, you can begin your home search with a budget in hand, thereby reducing the temptation to spend too much on a house.

Lenders are happy to provide you with information about a broad range of mortgage options. Also, if you ever have mortgage questions, lenders employ friendly, professionally trained mortgage specialists who are ready to respond to your queries.

In addition, it usually is a good idea to evaluate your credit score prior to applying for a mortgage.

You can obtain a free annual copy of your credit report from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). If you review your credit report closely, you can identify and resolve any potential credit problems and increase the likelihood that you can obtain a favorable mortgage.

3. Work with a Real Estate Agent

When it comes to becoming an extraordinary homebuyer, it is important to note that it can be difficult for even the most diligent homebuyer to succeed on his or her own. However, if you employ an expert real estate agent, you can streamline the process of acquiring your dream residence.

A real estate agent is committed to your homebuying success, and as such, will do everything possible to help you find the perfect residence.

Typically, a real estate agent will set up home showings, negotiate with a seller's agent on your behalf and provide honest, unbiased homebuying recommendations. This housing market professional will even help you alleviate homebuying stress and ensure that you can quickly go from homebuyer to homeowner.

Ready to embark on the homebuying journey? Use the aforementioned tips, and you can become an extraordinary homebuyer in no time at all.


Purchasing a home in a seller's market may prove to be difficult. Fortunately, we're here to offer expert guidance to ensure you can find the best house at the lowest price, regardless of the present real estate sector's conditions.

Now, let's take a look at three tips to help you get ready to pursue a home in a seller's market.

1. Assess the Housing Market Closely

A seller's market likely features a shortage of high-quality houses. As such, you'll want to analyze the local real estate sector closely so you can identify your dream home faster than ever before.

Take a look at the prices of recently sold houses in your city or town. This information can help you understand the average price range for homes of all sizes in your area. You also should find out how long these homes were available before they sold to understand the current pace of the real estate market.

Furthermore, you should make a checklist of home must-haves and wants. Once you craft this checklist, you can assess the houses available in your city or town and map out your homebuying journey accordingly.

2. Get Pre-Approved for a Mortgage

In all likelihood, you'll need to act fast to acquire your ideal residence in a seller's market. If you have a mortgage in hand when you submit a home offer, you may boost your chances of receiving a "Yes" from a seller.

A home offer that is contingent on a buyer's approval for a mortgage often is far from ideal. If a seller receives this type of offer, he or she may be reluctant to accept it, as there are no guarantees a buyer will be able to obtain the necessary financing to acquire a home.

Comparatively, a buyer who gets pre-approved for a mortgage can enter a seller's market with a budget in hand. And if he or she finds a great house, this buyer can submit an offer without having to worry about getting financing at a later time.

To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about a wide range of mortgage options and help you find the right mortgage based on your finances.

3. Collaborate with a Real Estate Agent

A seller's market can be tough to navigate, regardless of whether you're a first-time or experienced homebuyer. Thankfully, real estate agents are available who can guide you along the homebuying journey.

Typically, a real estate agent will learn about your homebuying goals. He or she then will keep you up to date about houses that meet your criteria, set up home showings and help you submit offers on residences. And if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them at any time.

Prepare to buy a house in a seller's market – use the aforementioned tips, and you can move one step closer to acquiring your dream residence.




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