Janet Laughead's Blog
25 WESTVIEW ROAD, Natick, MA 01760
No one should be forced to break the bank to secure a terrific house. However, a first-time homebuyer may be more likely than others to overspend on a residence, particularly if he or she fails to understand the ins and outs of the housing market.
Lucky for you, we're here to teach you what it takes to browse the real estate market effectively so you can find a house that matches your budget.
Now, let's take a look at three tips to help a first-time homebuyer purchase an affordable residence.
1. Examine the Housing Market Closely
Many great houses are available, and a first-time homebuyer should review a broad range of residences closely. By doing so, this homebuyer can establish a price range for his or her home search.
Evaluate the prices of residences that are currently available in your city or town. That way, you can find out what it costs to afford a home that may serve you well both now and in the future.
Also, assess the prices of recently sold residences in your area. With this housing market data in hand, you can find out whether you're about to enter a buyer's market or seller's market and plan accordingly.
2. Get Pre-Approved for a Mortgage
Pre-approval for a mortgage can help you map out a homebuying budget before you enter the real estate market. Thus, getting pre-approved for a mortgage can make a world of difference for any first-time homebuyer, at any time.
To get pre-approved for a mortgage, you'll want to meet with several banks and credit unions in your area. These lenders can teach you about different mortgage options and help you select one that corresponds with your budget.
In addition, be sure to ask plenty of questions about potential mortgage options before you make your final mortgage decision. This will allow you to understand the differences between fixed- and adjustable-rate mortgages and choose a mortgage that can help you avoid the temptation to overspend on a residence.
3. Collaborate with a Real Estate Agent
When it comes to pursuing a house for the first time, don't leave anything to chance. Instead, collaborate with a real estate agent, and you can streamline the process of purchasing an affordable residence.
A real estate agent helps take the guesswork out of looking for residences. He or she will keep you up to date about new houses as they become available and set up home showings on your behalf. Plus, this housing market professional will do whatever it takes to guarantee you can obtain an affordable house that surpasses your expectations.
Perhaps best of all, a real estate agent will help you alleviate stress throughout the homebuying journey. And if you encounter challenging negotiations with a home seller, a real estate agent will step in and help you get the best price for a residence – without exception.
Ready to purchase a house for the first time? Use these tips, and you can acquire an affordable residence that you can enjoy for years to come.
If you intend to buy or sell a home, it's never too early to start planning ahead for moving day. By doing so, you can find a great moving company that will make it simple for you to take all of your belongings from Point A to Point B.
Ultimately, there are several best practices that individuals should consider before they hire a moving company, and these practices include:
1. Conduct an In-Depth Search
Dozens of moving companies may be available in your city or town, and all of these businesses claim to be the best. As such, differentiating one moving company from another sometimes can be difficult.
To kick off a search for a moving company, it often pays to reach out to family members, friends and neighbors for support. These individuals likely have moved at some point in their lives and may be able to provide moving company recommendations.
When in doubt, don't hesitate to search for moving companies online as well. A simple online search for moving companies likely will reveal a wide range of results. However, as you check out each company's website and client reviews, you should have no trouble narrowing your search.
2. Ask for Client Referrals
It never hurts to ask a moving company for client referrals. That way, you can gain firsthand insights into what it is like to work with a particular moving company.
To obtain client referrals, call a moving company directly. If the company has a proven reputation, it likely can provide client referrals instantly. Conversely, if a moving company has delivered lackluster results to date, it may struggle to provide client referrals.
In addition, ask a moving company's past customers about their experiences with the business. Find out why these customers chose a particular moving company, how the moving company handled various moving day challenges and whether these customers would use the same company in the future. This will enable you to gain the comprehensive insights you need to make an informed decision.
3. Consult with a Real Estate Agent
Local real estate agents are well-connected in their respective cities and towns. Thus, if you contact a real estate agent today, you can simplify your search for the right moving company.
A real estate agent is happy to provide expert recommendations about moving companies in your area. Plus, if you need help finding a moving company on short notice, a real estate agent will go above and beyond the call of duty to assist you.
Perhaps best of all, a real estate agent is available to support homebuyers and home sellers alike. This housing market professional understands the challenges associated with buying and selling a house and will assist homebuyers and home sellers in any way possible. In fact, a real estate agent will help a property buyer or seller get ready to enter the housing market, prep for moving day and much more.
Take the guesswork out of finding the right moving company – use the aforementioned best practices, and you're sure to find a terrific moving company.
It goes without saying that buying a home is time-consuming.
First, there’s the financial planning to determine when you’re ready to buy a home. Then you need to get pre-approved for a mortgage and start looking for homes. After viewing several homes you finally find the perfect home. Then comes the difficult process of making an offer and negotiating the cost of the home. If all goes well, your offer is accepted and you get to enter the lengthy mortgage closing process. However, your work is not yet done. You’ll have to move out of your current residence and into your new home. All of this while juggling your work and social life.
After all of this, it might seem like the only thing left to do is relax in your new home. While it may be true that you certainly deserve a break, there are some things you should do sooner rather than later when you move into your new home.
In this article, we’ll cover ten things you should do right away once you move into your new home.
1. Home security
Your chief consideration when moving into your new home should be making sure it’s safe. The best first step to take is to change all of the locks on your house. In spite of how trustworthy the previous homeowner may have seemed, you can never be 100% sure who had spare keys to their home. Changing locks is quick and inexpensive, especially considering what’s at stake.
Another important step in home security is to put new batteries in and test all smoke detectors, make sure fire extinguishers are up-to-date, and ensure air filters are cleaned.
2. Set up your utilities
One of the first things you have to do when moving into a new home is to call your utility companies and transfer services into your name. Make a list of the services you’ll need to set up (electricity, water, garbage removal, internet, home security, heating, etc.). This is also a good time to set up online accounts and autopay for these services. It will save you time each month and make it easier to keep track of your bills if you simplify this process from the get-go.
You should have already had the home inspected by a professional prior to closing on the house. However, things can change in the time that someone moves all of their belongings out of a home and you move all of yours in. Wiring can be damaged, pipes banged, windows cracked, and so on. Do a thorough inspection of your home to check for leaks, broken wires, and fire hazards to be sure that your home is in good condition.
4. Deep clean
It might be tempting to just move your belongings into their new places once you arrive at your new home. However, the best time to clean a room is when it’s empty. Before you set up your furniture or fill your cabinets, give them a thorough cleaning.
5. Familiarize yourself with circuit breaker and water valves
When disaster strikes, you’ll want to be ready for it. Get to know your circuit box before the first power outage. Store flashlights in easily accessible places and make sure they have fresh batteries. Similarly, familiarize yourself with the main water shutoff valve in case you have a pipe burst. If the former homeowner lived alone and you have a large family, there’s a chance that the sudden surge in power and water usage could reveal issues with plumbing and wiring that the former owner wasn’t aware of.
It is always a beautiful and joyous feeling when you make an offer for a home, and the seller accepts it. However, you shouldn’t be in haste to pay the seller yet. Don’t be tempted to cut corners either by neglecting professional home inspection services all in a bid to reduce cost. Skipping home inspection should never be made because it will save you lots of headaches later on.
1. More Bargaining Power
A professional home inspection should reveal faults, or perhaps potential issues with the house. Knowledge gives you more bargaining power to ask for repairs or better yet, a reduction in the house price as compensation. But without such a professional inspection, you negotiate blindly, and when the deal is sealed, you find yourself paying additional money on things you know nothing of in the future.
2. For Safety
Here is another valid reason why you shouldn’t skip a home inspection no matter the reason. Getting an inspection on your home provides you with peace of mind. The home inspector will check the house for carbon monoxide, mold, and radon. If any of these toxic or harmful substances are present, that is enough reason to pull out of the deal.
Most insurance companies require certificates like wind mitigation and four-point inspection before you can finally be insured. If home insurance is one of the things you plan to do, make sure a professional home inspection is done in other to get those necessary certificates.
4. Protecting the House
The core functions of a professional home inspector aren't only to discover faults, as many assume. They can also offer tips on how to keep the house safe. Having a report definitely will save you a lot of money in return.
5. Future Cost Forecast
Another excellent reason to not skip home inspection is the insights to the future. A good home inspector can determine how long the plumbing will last, and also, the duration of the heaters or coolers before they stop functioning. With this insight, you can plan and negotiate properly with your seller.
6. Illegal Additions or Installation
In every region, there are building codes and regulations to which homeowners must abide. Otherwise, it will have a drastically negative impact on insurance, taxes, usability and overall value of the house. Through home inspections, rooms, garages or basements completed illegally will be exposed.
The advantages of not skipping home inspection are tremendous. To save yourself from future headaches, spend on a professional home inspection today. There are lots of licensed home inspectors in your locality, hire one before closing that new house deal.