Cynthia Owens - Five College REALTORS ®



Posted by Cynthia Owens on 9/10/2020

If you want to quickly find and acquire your dream house, it generally is beneficial to narrow your property search. Because if you focus on available homes in a select group of cities and towns, you may be able to speed up the process of buying your ideal residence.

Now, let's take a look at three tips to help you locate your dream home.

1. Consider Your Short and Long-Term Aspirations

Think about where you want to be in the next few years. Then, you can map out your home search based on your short- and long-term goals.

For instance, if you currently work in a big city and intend to stay with your company for many years, you may want to search for a residence in the city itself. Or, if you plan to start a family soon, you may want to focus on houses near parks and schools.

You should try to be flexible as you begin a home search too. Remember, even the best-laid plans won't necessarily come to fruition. But if you maintain flexibility, you could find a home that will suit you perfectly both now and in the future.

2. Create a Budget

The homes in large cities tend to be more expensive than those in small towns. Fortunately, if you craft a homebuying budget, you can determine where you can afford to reside and plan accordingly.

Oftentimes, it helps to get pre-approved for a mortgage. If you meet with banks and credit unions, you can learn about myriad home financing options. Next, you can select a mortgage and enter the real estate market with home financing in hand.

If you have concerns as you pursue a mortgage, don't hesitate to ask questions. Banks and credit unions employ expert mortgage specialists, and these professionals are happy to provide you with the insights you need to make an informed home financing decision.

3. Collaborate with a Real Estate Agent

If you are uncertain about how to approach a home search, there is no need to worry. In fact, you can hire a real estate agent who can help you identify your dream residence.

A real estate agent is dedicated to client satisfaction, and he or she will work with you to make your homeownership dream come true. First, a real estate agent will help you narrow your house search. This housing market professional then will keep you up to date about available homes in your preferred cities and towns. Once you find a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence. Finally, when you are ready to close on a house, a real estate agent will help you complete your home purchase.

Dedicate time and resources to find your dream house – you'll be glad you did. Thanks to the aforementioned tips, you can accelerate the process of locating your ideal residence and acquire a house that can serve you well for years to come.




Categories: Buying a Home   buying tips  


Posted by Cynthia Owens on 8/13/2020


 Photo by evondue via Pixabay

A home-buying wish list may sound like a cathartic way to imagine a dream home that's dripping with luxury everywhere you turn, but it's really a practical way to help homeowners narrow down their options. When buyers look at too many homes, they may find that each property starts to run together. Use this tool as a means of viewing just a few homes that will meet all of your criteria. 

Questions to Ask 

Wish lists start with the answers to the following questions:

  • Would you be willing to purchase a home that's more than 10 years old? More than 70?
  •  Do you need to live near a bus or subway line?
  • Can children be driven to school or will they need to walk?
  • How much effort are you willing to put into repairs and renovations?
  • Do you need a formal dining area or can a table be placed in the kitchen?
  • Will you need to prepare for the home for those with physical disabilities?

If you're planning to host your elderly parents at some point, you may need to look for a one-story ranch for maximum accessibility. Similarly, if you're planning to have children, you may want to buy a home with carpeting to provide extra traction for unsteady feet. While a lender will have the ultimate say in how much you can afford, you have plenty of control over the home you choose within your budget. 

The Wants 

As buyers sketch out their wish list, they should separate it into the absolute deal-breakers. For example, you may prefer a full two bathrooms but you'll settle for one full plus a half bathroom. Consider how large of a yard you want, the ideal type of HVAC system, and the type of home that will work best for you Some people prefer smaller homes so they can cut back on the amount of cleaning and maintenance they have to perform. 

Room for Flexibility 

If there aren't many homes that are meeting your minimum criteria, be prepared to be a little flexible along the way. You can always install carpeting or central air if you absolutely need to. You may also need to compromise on the age of the home, which is highly encouraged as long as the home passes inspection. 

A wish list doesn't have to be the defining document for a home, but it can keep you from seeing homes that are absolutely not right for you. The more you can streamline your home buying journey, the less stressful the transition will be. 





Posted by Cynthia Owens on 4/16/2020

A home inspection often plays a key role in the homebuying journey. If an inspection shows that there are no underlying problems with a house, you should have no trouble moving forward with a home purchase. On the other hand, if an inspection reveals a variety of structural problems with a house, you may need to reconsider your purchase decision.

Ultimately, a homebuyer who knows what to expect during a home inspection can plan accordingly. This buyer also may be better equipped than others to accept the results of an inspection and make an informed choice about whether to move forward with a home purchase.

What does it take to achieve the best-possible results during a home inspection? To find out, let's take a look at three tips to ensure you can prep for a house inspection.

1. Hire an Expert Home Inspector

There is no shortage of home inspectors available in cities and towns nationwide. However, employing an expert home inspector will require you to conduct an in-depth search.

When it comes to finding an expert home inspector, it pays to search far and wide. Because if you have an expert home inspector at your side, you can boost the likelihood of identifying major and minor house issues during an inspection.

2. Assess Every Area of a House

Oftentimes, a home inspection takes several hours to complete, and for good reason. In order to fully evaluate a residence, you'll want to be diligent. That way, you can minimize the risk of missing potential problems as you perform a home assessment.

As you walk through your house with an inspector, don't hesitate to ask questions too. In fact, a home inspector may be able to provide insights into home problems and repairs that you might struggle to obtain elsewhere.

3. Collaborate with a Real Estate Agent

A real estate agent can help you find your dream house, as well as put you in touch with the top home inspectors in your area. Plus, this housing market professional likely will walk through a house with you during an inspection to ensure you can get the support you need to make an informed homebuying decision.

Furthermore, a real estate agent is happy to consult with you before and after a home inspection. Prior to an inspection, a real estate agent will help you put together a plan to assess a house. Meanwhile, after an inspection, a real estate agent can discuss the inspection results with you and help you determine the best course of action.

Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. This housing market professional can help you streamline your search for your dream house, submit a competitive offer on a residence and ensure you can purchase a terrific house at a budget-friendly price.

A home inspection may seem daunting at first. Luckily, if you plan ahead for a home inspection, you can use the assessment to gain the insights that you need to determine whether a house is right for you.





Posted by Cynthia Owens on 4/2/2020

One of the perks of moving out of an apartment into a home is having your very own outdoor space. Depending on how close to the city you live, you may not get much of a yard with your home. If you’re looking for that perfect outdoor space to dwell in, read on for some tips on buying a house with a yard. If you check the yard out, you could save yourself from facing problems further down the road. 


Are The Trees In Good Condition?


While mature trees in a yard are a sure fire way to have privacy and shade, the trees must be safe. You want any trees in your yard to be healthy. Otherwise, during a storm, you may have an issue with falling trees. If you have a lot of trees in your yard, it may be a good idea to hire an arborist who can tell you if the trees are safe. Tree removal can be costly, so you’ll need to plan for this expense if your yard has many trees.


How Safe The Outdoor Living Areas?


You should check out any outdoor living areas the yard has. If the home comes with a patio, or gazebo the soundness of the structures should be checked. Any cement should be free of cracks or crumble.


The Layout Of The Lot


There is more to a yard than the size of a property. You should keep in mind where the home is situated on the lot. Is the front yard more prominent than the backyard? Is the home on a slope? Is there a chance water will pool near the foundation of the house? All of these questions are important for the long-term health of the property. 


How Much Yard Are You Willing To Care For?


You need to know how large of a yard you’re actually willing to care for. For many buyers, a small yard is just enough. Other buyers aim to care for a large lawn the many flowerbeds. The larger the yard, the more possibilities you have. If you are willing to take the extra time and incur the additional expense that a large yard will cost, it could be a good feature to look for. Yard size may also narrow down your home search considerably. 


Buying a home with a yard can be a great decision, all you need is to understand your own preferences and ability to care for properties of different sizes.        






Posted by Cynthia Owens on 3/5/2020

The cost of buying a house extends beyond a seller's initial asking price. In fact, there are many "hidden" costs that buyers need to consider as they decide whether to purchase a house, such as:

1. Closing Costs

There are various closing costs that a buyer may encounter before he or she finalizes a house purchase, including survey, appraisal and wire transfer fees. As such, it generally is a good idea to prepare for these costs prior to launching a house search. Because if you prepare for closing costs, you can ensure that you have the finances available to cover these expenses when you are ready to complete a house purchase.

Oftentimes, it helps to meet with banks and credit unions prior to starting a home search. These financial institutions can help you get pre-approved for a mortgage and teach you about home closing costs. Best of all, after you get a mortgage, you can start your home search with the financing you need to secure your ideal residence.

2. Property Taxes

Property taxes usually are assessed twice a year, and they vary based on state and county. However, if you learn about property taxes, you can map out your homebuying budget accordingly.

Real estate property tax information is part of the public record. Thus, you can access information about property taxes related to a particular home before you purchase it. And once you have this information at your disposal, you can use it to determine whether to move forward with a house purchase or continue your search for your dream home.

3. Utilities

Utility bills vary based on the size of a home, its location and other factors. If you devote time and resources to estimate your utility expenses, you may be better equipped than ever before to make an informed home purchase.

To assess your potential utility costs, you may want to consult with a seller's agent. This professional may be able to provide you with insights into the current homeowner's utility expenses to help you budget appropriately.

It never hurts to hire a real estate agent to help you navigate the homebuying journey, too. A real estate agent can offer expert insights into closing costs, property taxes and other homebuying fees, as well as help you quickly discover your dream residence.

Let's not forget about the comprehensive homebuying guidance that a real estate agent can provide, either. For instance, if you are unsure about whether to submit an offer to purchase a house, a real estate agent can offer recommendations and tips to help you make the best-possible decision. Or, if you have concerns or questions at any point during the homebuying journey, a real estate agent is ready to respond to them.

For those who want to buy a house, it helps to learn about all of the potential costs associated with a home purchase. If you start budgeting for a home purchase today, you could accelerate your quest to find and buy your ideal residence.




Categories: Buying a Home   buying tips  




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