Nancy Whitehouse-Bain - RE/MAX Property Promotions



Posted by Nancy Whitehouse-Bain on 8/27/2018

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 Ė use the aforementioned tips, and you can increase the likelihood of enjoying a successful homebuying journey.




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Posted by Nancy Whitehouse-Bain on 8/20/2018

Your thirties are a time of many important financial decisions. Many people are starting families, buying homes, and getting settled into their careers by the time they turn thirty. The following ten years are often marked by salary increases, moving into larger homes, and saving for retirement.

Itís vital to have a solid grasp on personal finance in your thirties, as it is in many ways the foundation of your finances for the decades to come. So, in this article weíre going to give you some advice on buying a home and managing your money in your thirties.

Straighten out your credit

If your twenties were a volatile time of incurring debts from student loans, car loans, and other expenses, then itís paramount to get your credit in order in your early thirties. Having a high credit score can secure you lower interest rates on a home loan or let you refinance your loans at lower rates.

Start by making sure your bills are on auto-pay, and be sure to settle any older debts from your younger years. You can also use a credit card for recurring expenses, such as gas to get to work or groceries, and then pay them off in full each month. This way, youíll build credit and avoid accruing  interest at the same time.

Reevaluate your lifestyle and long term goals

A lot can change from the time you turn 25 to the time you turn 35. Your goals might shift from finding a home near the ocean to finding a home near a good school district for your children. You might also have the shocking realization that your children will be heading to college sooner than it might seem, and that youíre still working on paying off your own student debt.

Consider things like the size house youíll need for your family, where you want to live and whether that involves being close to aging parents, and reallocating money depending on your retirement goals.

Rethink your insurance coverage

Gone are the days when all you needed was a car insurance policy to get by. As you age and your responsibilities grow, youíll need to think about the future for you and your family. That may include a more comprehensive health insurance plan for your family, a life insurance policy for yourself, or increased covered for home and auto insurance.

Automate the headaches away

With all of these growing responsibilities, it can be easy to get frustrated with the time youíre losing to keeping your finance in order. Fortunately, there are many tools at your disposal in the internet age that will make all of those responsibilities an afterthought.

First, get a budget planning app, like Mint or You Need a Budget (YNAB). Next, set up your bills to auto-pay if you havenít yet. Then, put reminders in your phone to periodically check your credit score and reassess whether you need to pay for certain monthly services (do you still watch Hulu?). Finally, if you havenít yet, make sure you have your paychecks direct deposited into the accounts youíd like them to enter so you donít have to worry about them.




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Posted by Nancy Whitehouse-Bain on 8/6/2018

Looking to buy a house in the near future? If your answer is "Yes," you may want to start reviewing housing market data. That way, you can gain the insights that you need to make data-driven decisions throughout the homebuying journey.

Ultimately, there are many housing market data that you'll want to assess as you prepare to buy a house, such as:

1. Mortgage Interest Rates

Mortgage interest rates fluctuate constantly. As such, if mortgage interest rates are low, you may want to move quickly to capitalize on them.

Meeting with banks and credit unions generally is a great idea if you plan to buy a house. These financial institutions can keep you up to date about mortgage interest rates and help you get pre-approved for a mortgage. Then, once you have a mortgage in hand, you'll be ready to pursue your dream house.

2. Average Amount of Time That a House Stays on the Real Estate Market

Differentiating between a buyer's market and a seller's market often can be difficult. Fortunately, if you examine the average amount of time that houses are listed in your city or town, you may be able to determine whether you're preparing to enter a buyer's or seller's market.

In a buyer's market, houses may be listed for many weeks or months before they sell. Also, these houses may be sold below their initial asking prices.

Comparatively, in a seller's market, homes may be available for only days before they sell. Homes that are available in a seller's market may be sold at or above their initial asking prices as well.

3. Prices of Houses in Various Cities and Towns

If you're open to living in a variety of cities or towns, you'll want to evaluate the prices of houses in many areas. That way, you can narrow your house search accordingly.

Oftentimes, homes in big cities are more expensive than those in small towns. On the other hand, big cities may provide quick, easy access to a broad range of attractions and landmarks that you simply won't find in small towns.

If you are ready to check out housing market data and begin a home search, it pays to hire a real estate agent too. In fact, with a real estate agent at your side, you should have no trouble enjoying a quick, seamless homebuying experience.

A real estate agent is happy to provide you with a wealth of housing market data. Plus, a real estate agent will teach you the ins and outs of buying a house. He or she also will keep you up to date about new houses as they become available and negotiate with a seller's agent on your behalf to ensure you can acquire a terrific house at a fair price.

When it comes to buying a house, it helps to be informed. If you assess the aforementioned data, you can obtain comprehensive real estate market insights to help you throughout the homebuying journey.




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Posted by Nancy Whitehouse-Bain on 6/18/2018

Deciding whether to set up a home showing sometimes can be a tough decision. Yet a home showing can make a world of difference for a buyer as he or she searches for the ideal residence.

Ultimately, there are many reasons to schedule a home showing, and these include:

1. You can look beyond a home listing.

A home listing generally offers details about a house's age and features, as well as photographs of different areas of a residence. But a home listing can only provide so much information. Fortunately, a home showing enables you to assess a house in person and decide whether a residence is right for you.

During a house showing, you can walk around a residence and view each room. If you want to further pursue a residence after a showing, you can submit an offer to purchase. Or, if you find a house fails to match your expectations, you can always continue your search for your dream home.

2. You can gain comprehensive insights into a house's condition.

When it comes to evaluating a house's condition, it typically is a good idea to attend a showing. That way, you can get an up-close look at a home's condition and determine whether a residence needs major or minor repairs.

A home showing enables you to analyze a residence both inside and out. After a showing is complete, you can decide whether you are satisfied with the condition of a home and map out your homebuying journey accordingly.

3. You can imagine what it would be like if you purchase a home.

A home showing makes it easy to envision what life may be like if you purchase a particular house. As such, a showing may prove to be crucial as you pursue your dream residence.

If you feel good about a house following a showing, you should not hesitate to submit a competitive homebuying proposal. Conversely, if you feel uncomfortable with a residence, you may want to pursue other options.

Of course, hiring a real estate agent may be exceedingly valuable as you search for your ideal house. A real estate agent can schedule home showings at your convenience and provide plenty of tips to help you pursue residences in any housing market. By doing so, a real estate agent will empower you with the insights you need to make an informed decision about a house.

Let's not forget about the assistance that a real estate agent will provide after you find your dream house, either. At this point, a real estate agent will help you put together a competitive offer to acquire your ideal residence. And if you have any concerns or questions as you move along the homebuying journey, a real estate agent is happy to respond to them.

Ready to find your dream residence? Schedule a home showing, and you take the next step to acquire your ideal house.




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Posted by Nancy Whitehouse-Bain on 5/21/2018

When it comes to buying a house, there is no need to deal with a stubborn home seller. However, you may encounter a stubborn home seller, regardless of how well you prepare for your homebuying journey. And if you're not careful, a stubborn home seller may cause you to miss out on an opportunity to purchase your ideal residence.

Don't let a stubborn home seller get the best of you. Instead, use these tips to ensure you can handle negotiations with a stubborn home seller like a pro.

1. Don't Panic

If you are forced to deal with a stubborn home seller, there's no need to get discouraged. Conversely, consider the property seller's perspective, and you may be able to get the best results out of a tough situation.

Open the lines of communication with a home seller Ė you'll be glad you did. If you maintain open communication, you may be able to find out the root cause of a home seller's stubbornness and plan accordingly.

Also, don't panic if a home seller fails to communicate with you, and try to avoid assumptions at all costs. By doing so, you'll be able to remain calm, cool and collected and maintain your patience as you try to figure out the best way to acquire your dream house.

2. Be Prepared for the Best- and Worst-Case Scenarios

In the best-case scenario, a stubborn home seller will explain his or her demands. Then, you can negotiate with a home seller, find common ground with him or her and work toward finalizing a home purchase agreement.

On the other hand, it is important to understand the worst-case scenario as well.

In the worst-case scenario, you and a home seller may be unable to find common ground. And if this occurs, you should be prepared to walk away from a potential homebuying negotiation and restart your search for the perfect residence.

3. Consult with a Real Estate Agent

Are you unsure about how to deal with a stubborn home seller? There's no need to worry, especially if you consult with a real estate agent.

With an expert real estate agent at your side, you should be able to overcome any potential homebuying hurdles.

An expert real estate agent will act as a liaison between you and a home seller. He or she will learn about the needs of a homebuyer and home seller and ensure both parties can achieve their ideal results.

Furthermore, an expert real estate agent can respond to any homebuying concerns and questions. This housing market professional can teach you about the ins and outs of purchasing a residence and provide honest, unbiased homebuying recommendations. As a result, a real estate agent can help you simplify the homebuying process and ensure you can secure a first-rate house that matches or exceeds your expectations.

Ready to streamline the homebuying journey? Take advantage of the aforementioned tips, and you can get the support you need to deal with a stubborn home seller.




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