CENTURY 21 CUDDY



Posted by CENTURY 21 CUDDY on 5/12/2019

The amount of time it takes to find the perfect residence varies from buyer to buyer. In some instances, a buyer may fall in love with the first residence that he or she views in person. Or, in other cases, a buyer may need to attend several home showings and open house events before he or she finds the right residence.

It ultimately may take more than a single day to find your dream residence. Lucky for you, we are here to help you streamline your quest for your dream house and ensure you can find the right home faster than ever before.

Now, let's take a look at three tips to help you accelerate your search for your ideal house.

1. Create a List of Homebuying Criteria

You know you want to buy a home as quickly as possible. With a list of homebuying criteria at your disposal, you'll be better equipped than ever before to discover a house that suits you perfectly.

Think about where you'd like to reside and the features you want in your dream house. Then, you can narrow your house search and move one step closer to finding a residence that matches or exceeds your expectations.

2. Get Your Finances in Order

Pre-approval for a mortgage can make a world of difference, particularly for a buyer who wants to speed up his or her home search. If you learn about all of your mortgage options, you can select a mortgage that complements your finances and enter the real estate market with a mortgage in hand.

Many banks and credit unions employ friendly, knowledgeable mortgage specialists. By meeting with various financial institutions, you can learn about a broad array of mortgage options. Plus, you can receive comprehensive insights into fixed and adjustable-rate mortgages and make an informed mortgage selection.

3. Collaborate with a Real Estate Agent

For those who want to quickly and effortlessly find their dream residence, it may be beneficial to collaborate with a real estate agent. In fact, a real estate agent can help a homebuyer remove the guesswork commonly associated with searching for a residence.

A real estate agent understands what it takes to discover a great residence at a budget-friendly price. First, he or she will meet with you and learn about your homebuying goals. A real estate agent then will put together a personalized homebuying strategy. Next, a real estate agent will help you put your homebuying strategy into action. And when you discover your dream residence, a real estate agent will help you submit a competitive offer to purchase this house.

As you get ready to conduct a house search, you may want to hire a real estate agent soon. If you have an expert real estate agent at your side, you can get the help you need to find your dream house. Best of all, a real estate agent will go the extra mile to ensure you can seamlessly navigate all stages of the property buying journey.




Categories: Buying a Home   buying tips  


Posted by CENTURY 21 CUDDY on 4/28/2019

If budgeting isn’t your thing, you’ll be glad to discover that it’s quite simple. There’s a way to categorize your spending and save money easily. If you learn the rule, it will become so automatic that you won’t even think about it. If you’re saving money for a home, this practice will be essential. Break your budget down into three categories: 


  • Living expenses
  • Financial goals
  • Personal spending


Half of your budget should go towards living expenses. This number includes all of the essentials like rent or mortgage, utilities, groceries, commute costs, and insurances. 


20 percent of your income should go towards other financial goals like savings, investments, or paying down debt. Credit card bills, student loans, and other bills would fall under this category. This category is also where you’d save for your down payment, closing costs, and other expenses. This percentage can be adjustable depending on how much debt you have or how much you need to save for retirement. 


The remaining 30 percent of your income can go towards personal spending. This category includes everything that you use your money for but isn’t a necessity. This percentage is also flexible. If your lifestyle doesn’t require you to use all 30 percent each month, you can indeed save more money.


A Clear Plan 


These categories simplify your budget. Even if you make some adjustments to the numbers, the outline truly makes budgeting easy even for the most scatterbrained among us. It allows you to see where your money goes clearly. It also works no matter what kind of living situation you have.


The great thing about this budgeting plan is that you have some future needs built into it. Many times, when we budget, we think of our immediate needs and our shorter term goals. Saving for any occasion can never happen too early. You are able to not only focus on your current goals and the future.   



Steps


First, determine your monthly income. This number is how much money you take home after taxes. From here, you’ll be able to split your money into categories by percentages. If your income fluctuates frequently, you’ll need to take an average of your monthly income to determine your numbers. 


Next, you should take a look at your spending habits. These include everything from your morning latte to your monthly rent payment. From here you can make adjustments. Perhaps you need to look for a less expensive apartment. Maybe you need to cut down your weekly pizza to a bi-monthly purchase. Whatever you see in your finances, a simple percentage rule gives you the tools you need to become a saver and be well on your way to the purchase of your first home.     





Tags: saving money   budgeting  
Categories: Buying a Home   budgeting  


Posted by CENTURY 21 CUDDY on 4/21/2019

A home inspection report may prove to be a difference-maker for a property buyer, and for good reason. With an inspection report in hand, a property buyer will need to decide whether to proceed with a home purchase or rescind a homebuying proposal. Therefore, a property buyer must allocate time and resources to review a home inspection report so he or she can make an informed homebuying decision.

Ultimately, there are many reasons why a homebuyer should trust the final results of a property inspection report, and these reasons include:

1. A home inspection is conducted by a property expert.

A home inspection is conducted by a property expert who will perform a deep evaluation of a house. As such, a home inspector will provide a homebuyer with a comprehensive report that details his or her findings.

For homebuyers, it often is beneficial to search for a top-rated home inspector. This inspector likely will provide an in-depth report that outlines a house's strengths and weaknesses. A homebuyer then can use this report to make an informed decision about how to proceed with a house.

2. A home inspection is used to assess all aspects of a house.

A home inspection generally takes several hours to complete. During this evaluation, a home inspector will look at a home's foundation, heating and cooling systems and other aspects of a house. By doing so, a home inspector will be able to identify any underlying issues with a residence.

It usually is beneficial to ask questions during a home inspection as well. If you strive to learn from a home inspector, you can boost the likelihood of making the best-possible decision about whether a house is right for you.

3. A home inspection offers insights that property buyers may struggle to obtain elsewhere.

Although a homebuyer may visit a house more than once before submitting an offer to purchase, a home inspection represents a learning opportunity unlike any other. A house inspection enables a homebuyer to examine a residence both inside and out with a property expert. Then, this buyer will receive an extensive inspection report that he or she can review prior to finalizing a house purchase.

If you're preparing to search for a home, you may want to hire a real estate agent. This housing market professional will be able to guide you along the homebuying journey. And once you reach the point where you need to conduct a house inspection, a real estate agent will help you find a top home inspector in your city or town.

Of course, a real estate agent will respond to your homebuying concerns and questions too. As a result, a real estate agent will help you take the guesswork out of buying a house.

Ready to find and purchase a home? Before you finalize a house purchase, perform a home inspection – you'll be glad you did. Because if you review a home inspection report, you can determine the best course of action relative to a home purchase.





Posted by CENTURY 21 CUDDY on 3/10/2019

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.




Categories: Buying a Home   buying tips  


Posted by CENTURY 21 CUDDY on 2/24/2019

If you intend to purchase a house soon, it helps to prepare for the home buying journey. In fact, if you identify potential issues before you start your quest to find your dream home, you could avoid them during your property search.

Now, let's take a look at three common issues that plague homebuyers, along with tips to address these problems.

1. Lack of Home Financing

In some instances, a homebuyer will check out residences and find one that matches their expectations. Next, this buyer will submit an offer to purchase a home that ultimately gets accepted. At this point, however, the buyer may discover that they lack the necessary financing to acquire this home.

Entering the housing market with financing in hand is ideal. If a buyer gets pre-approved for a mortgage, they will know precisely how much money is available for a home purchase. As a result, this buyer can map out their home search accordingly.

To get pre-approved for a mortgage, it helps to meet with a variety of banks and credit unions. These financial institutions can teach a homebuyer about his or her mortgage options. Plus, they can help you make an informed mortgage selection.

2. Tight Home-buying Timeline

If you have only a limited amount of time to move from your current address, you may rush to purchase a house. In this scenario, you risk making a rash home purchase – something that may prove to be problematic both now and in the future.

For buyers who face a tight home-buying timeline, there is no need to stress. If you make a list of home-buying tasks you need to accomplish, you can take a step-by-step approach to the property buying journey.

3. Unrealistic Home-buying Expectations

You may expect to buy your dream residence without delay. Yet the real estate market offers no guarantees. And in certain instances, it may take many weeks or months before a buyer finds a house that they want to purchase.

To establish realistic home-buying expectations, it usually is a good idea to work with a property buying expert. Lucky for you, real estate agents are available in cities and towns nationwide, and they can provide home-buying insights that you may struggle to obtain elsewhere.

A real estate agent is committed to a homebuyer's success. As such, he or she will work with a homebuyer and help them prepare for the housing market. A real estate agent will also set up home showings and provide feedback about available residences in a buyer's preferred cities and towns. And if a buyer finds a house that they want to purchase, a real estate agent will help this individual put together a competitive home-buying proposal, too.

When it comes to purchasing a home, you should plan for the best - and worst-case scenarios. If you consider the aforementioned home-buying issues before you begin your house search, you can boost the likelihood of enjoying a successful property buying experience.




Categories: Buying a Home   buying tips  




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