Julie D'Arcangelo - Coldwell Banker Residential Brokerage



Posted by Julie D'Arcangelo on 5/1/2018

As incredible the act of purchasing a home is, many buyers end up regretting their purchase. Thereís a variety of reasons for this. It all comes down to being ill-informed about buying a home and the type of home needed for the most liable situation. Read on to find out some of the biggest regrets home buyers face and how to avoid them. 


Buying Too Small Of A Home


The most prominent regret that many buyers face is not buying a larger property. Many people want to live in a specific location or type of home that they overlook the size altogether. One reason that people end up buying a home thatís the wrong size is that they rush to find a property in a particular area. If you branch out on your search, youíll have a better shot at finding the right size home. The area might not matter as much as the space youíre living in, s keep that in mind. 


Not Doing Your Research


People tend to skip out on the research phase of buying a home. Itís critical that buyers understand things like mortgage rates, fees, credit reports, how much needs to be saved, and more. There are so many things that go into buying a home that you could easily miss out on something if you donít know what youíre in for ahead of time.


Not Saving Enough


Your home will be one of the largest purchases you make in your entire life. There is a lot more to the cost than just the monthly mortgage payment. Youíll need a lot of money upfront when you buy a home including a downpayment along with other closing costs and fees. Plus, youíll need to set some money aside for any repairs or replacements you need to do in the home once you move in. Itís also a good idea to have an emergency fund available just in case. Life happens, and you donít want your savings to be depleted because you bought a house. 


Keep in mind that the bigger of a downpayment you make, the better off youíll be. Even if you can buy a home with a low downpayment, you want to put down as much as possible. A higher downpayment will keep your mortgage payments lower, get you a better rate, and you may even be able to avoid paying for PMI (private mortgage insurance.) Aim to save a 20 percent down payment for the most optimal mortgage situation.      

   




Tags: Buying a home  
Categories: Uncategorized  


Posted by Julie D'Arcangelo on 3/27/2018

The homebuying journey can be long and arduous, particularly for an individual who makes mistakes along the way. Fortunately, an informed homebuyer can identify potential problems early in the homebuying journey and take the necessary steps to resolve such issues without delay.

Now, let's take a look at three common mistakes that homebuyers make, along with the best ways to eliminate these problems before they escalate.

1. A homebuyer spends too much time debating whether to submit a home offer.

The housing market moves quickly, and a homebuyer who hesitates to submit a competitive offer on a residence risks losing this house to a rival homebuyer.

Ultimately, it pays to learn about the real estate market. That way, if you fall in love with a house, you'll be better equipped than other homebuyers to submit a competitive offer before it's too late.

Check out the prices of houses in cities and towns where you'd like to live. This may help you narrow your search for the perfect home and provide housing market data that highlights how much it may cost to acquire your dream residence.

Also, take a look at the prices of recently sold houses in different areas. This will enable you to determine whether you're working in a seller's market or a buyer's one.

2. A homebuyer foregoes a home inspection.

Even though a homebuyer may want to rush through the purchase process, there is no reason to forego a home inspection.

When it comes to buying a residence, it is always better to err on the side of caution, and a home inspection offers a valuable opportunity to learn about a house's condition and uncover any "hidden" problems with a residence.

For example, a home inspection may reveal roof damage that could lead to thousands of dollars in roof repairs in the near future. On the other hand, a home inspection may show there are no major issues with a residence, thereby verifying that a house is a sound investment.

Don't forget to consider a variety of home inspectors before you schedule a property inspection. This will ensure that you can find a home inspector who possesses the necessary skills and expertise to perform a deep evaluation of a home before you finalize your purchase.

3. A homebuyer tries to purchase a house without support from a real estate agent.

For those who want to streamline the homebuying process, expert help may be necessary. Luckily, you can hire a real estate agent who can help you seamlessly navigate the homebuying journey.

Real estate agents are easy to find in cities and towns nationwide. Meanwhile, these housing market professionals are available to help you narrow your home search, submit offers on residences and much more.

If you need additional help during the homebuying journey, it usually is a good idea to hire a real estate agent. By doing so, you can receive the expert guidance and support that you need to go from homebuyer to homeowner.




Categories: Uncategorized  


Posted by Julie D'Arcangelo on 2/20/2018

The homebuying process sometimes can be tough to navigate. Fortunately, we're here to help you achieve the optimal results throughout the homebuying cycle.

Now, let's take a look at three questions that every homebuyer needs to consider as he or she pursues a home:

1. What is my "dream home" definition?

If you know what you want to find in your "dream home," you may be better equipped than ever before to streamline your home search. Thus, it generally helps to establish a list of home must-haves and wants to guide you along the homebuying journey.

As you check out a broad range of houses, don't forget to update your list of home must-haves and wants too. By doing so, you may be able to further accelerate your home search.

2. What can I afford to pay for a home?

The prices of homes vary based on location, size and other factors. As such, you may want to get pre-approved for a mortgage to ensure you know exactly how much you can spend to acquire your ideal residence.

Getting pre-approved for a mortgage can be fast and simple. If you meet with banks and credit unions, you can learn about all of the mortgage options at your disposal.

Of course, you should ask plenty of questions any time you meet with mortgage specialists. This will enable you to evaluate myriad mortgage options and choose a mortgage that complements your finances perfectly.

3. How can I quickly and effortlessly achieve my homebuying goals?

The homebuying journey differs from buyer to buyer. However, homebuyers who work with real estate agents typically can boost the likelihood of achieving the best-possible results during the homebuying journey.

A real estate agent knows the ins and outs of the housing market. He or she can teach you about the real estate sector and help you narrow your home search. Also, a real estate agent is unafraid to be honest with you and will offer unbiased recommendations to ensure that you can make an informed homebuying decision.

Let's not forget about the comprehensive assistance that a real estate agent can provide throughout the homebuying cycle, either. A real estate agent will keep you up to date about available houses that match your homebuying criteria. In addition, he or she will set up home showings that enable you to check out residences in-person. And once you discover your dream residence, a real estate agent will help you put together a competitive offer to acquire this house.

Furthermore, a real estate agent is ready to respond to any of your homebuying concerns and questions. As a result, a real estate agent will allow you to quickly and effortlessly navigate the homebuying journey.

When it comes to buying a house, there is no need to worry. If you collaborate with a real estate agent, you can get the support you need to make your homeownership dream come true.




Categories: Uncategorized  


Posted by Julie D'Arcangelo on 12/12/2017

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: Uncategorized  


Posted by Julie D'Arcangelo on 11/28/2017

Ready to enter the housing market and find your dream residence? Ultimately, there are many signs that indicate now may be the perfect time to buy a house, including:

1. Your family is growing.

If you recently got engaged to the love of your life, tied the knot with that special someone or have kids on the way, now may prove to be an ideal time to buy a house.

A home offers plenty of space, ensuring that you and your entire family can reap the benefits of a superb living space. Plus, many affordable mortgage options are available, making it easy for you to purchase a house without having to worry about breaking your budget.

Before you begin your home search, consult with a real estate agent Ė you'll be glad you did! Your real estate agent can help you determine exactly what you'd like to find in a home, ensuring that you can purchase a house that meets or exceeds your expectations.

2. You've secured a new job.

Now that you've landed your dream job, you may want to consider pursuing your dream house as well.

With a new, high-paying job in hand, you may be better equipped than ever before to make monthly mortgage payments on a residence. Also, you can work with a credit union or bank to secure a mortgage that matches your budget.

Furthermore, if you've landed a job that is several hours away from your current location, you may need to relocate. And if you hire an experienced real estate agent, you should have no trouble finding a great residence quickly and effortlessly.

An experienced real estate agent understands the ins and outs of the housing market. As such, he or she can help you narrow your home search and discover the perfect home.

3. You're ready to make a change.

Are you getting tired of your current neighborhood or living situation? Or, do you want to relocate from a cold-weather climate to a warm-weather region? If you're ready to make a change in your life, now may be a wonderful time to purchase a house in a new city or town.

Buying a house represents a life-changing decision and should not be taken lightly. However, those who are ready to make a change may want to buy a home in a new city or town so they can settle down and enjoy life in a different part of the country.

For those who are considering a change, meeting with a real estate agent is paramount. Your real estate agent can offer housing market data to ensure that you can secure a terrific house at a budget-friendly price. In addition, your real estate agent can serve as a housing market expert who will be able to answer your homebuying concerns and questions at any time.

Employing a real estate agent can make a world of difference for a homebuyer. Collaborate with a real estate agent today, and you can explore a wide array of homebuying options.




Categories: Uncategorized  




Julie D'Arcangelo
Tags