Caroline Bianchi's Blog
Want to buy a house? If you plan ahead for the homebuying journey, you may be better equipped than ever before to reap the benefits of a seamless homebuying experience.
Now, let's take a look at three tips to help you prepare for the homebuying journey.
1. Figure Out Where You Want to Live
Do you prefer the hustle and bustle of the big city? Or, would you like to reside in a small town? Think about where you want to live, and you may be able to speed up the homebuying journey.
A homebuyer who narrows his or her search to houses in a set number of cities and towns may be able to quickly discover the ideal residence. Thus, if you know where you want to go, you can act fast to pursue your dream house. And once you find your dream home, it may be only a few weeks before you can finalize a home sale.
2. Obtain a Mortgage
A mortgage generally is a must-have for a homebuyer, regardless of where he or she decides to live. If you submit a mortgage application before you embark on the homebuying journey, you can enter the real estate market with a budget in hand.
Oftentimes, it won't take long to get pre-approved for a mortgage. You can meet with a variety of banks and credit unions, and these financial institutions can teach you about a wide array of mortgage options. Next, you can select a mortgage that satisfies your personal requirements.
When you meet with banks and credit unions, don't hesitate to ask plenty of questions, either. If you receive expert mortgage insights, you can make an informed mortgage decision that likely will serve you well for years to come.
3. Consult with a Real Estate Agent
Let's face it – pursuing a home should be a quick, easy process, but problems may arise that prevent you from buying your ideal residence. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market professionals can help you make your homeownership dreams come true.
A real estate agent is a housing market expert who can teach you how to discover a terrific house at a budget-friendly price. This housing market professional can explain the differences between a buyer's and seller's market and help you map out a successful homebuying journey. That way, you may be able to improve your chances of acquiring a superb residence if you hire a reliable real estate agent.
In addition, a real estate agent will serve as your guide along the homebuying journey. He or she will keep you up to date about new residences that become available, set up home showings and help you submit homebuying proposals. And if you ever have homebuying concerns or questions, a real estate agent is available to respond to them.
Achieve the best-possible results during the homebuying journey – use the aforementioned tips, and you can plan ahead to acquire your ideal residence.
533 Pleasant Street, Southbridge, MA 01550
Your outdoor lighting is perhaps one neglected area of your home. For both safety and beauty, the outdoors deserve a certain amount of attention when it comes to lighting. There are plenty of ways that you can make your outdoor lighting both welcoming and practical.
Just as you would inside your home, you should try to layer your lighting. To do this, you should include many different kinds of lighting especially lighting that brightens the outside walls of the home, highlights landscaping elements, and even some overhead lighting.
Use Decorative Lighting
Decorative lanterns and lamps are an easy way to add lighting to your outdoor spaces. You can let them stand on their own, spread them out, or you can group them and line them up in certain areas like a wall or a table. Candles are also a great way to multi-purpose practical lighting with decorative lighting.
Light Your Steps
It’s important to provide adequate lighting on stairs and decks. Anywhere that people can trip is a place that needs adequate lighting. Solar powered lights are perfect for these uses.
Use String Lights
String lighting hung overhead can be perfect for courtyards, decks, roofs, or even trees and shrubbery. If you don’t have anything to hang string lights from, you can always get creative using posts and planters. This is a great non-permanent solution for you to have some pretty lighting available.
Don’t Draw Too Much Attention To Your Property
While you want adequate lighting on the outside of your property, you also don’t want to draw attention to an area of your yard. The whole neighborhood doesn’t need to know that you’re out on your deck, hanging out. Choose lighting that provides an inviting glow without an overpowering brightness.
Use Table Lamps
You may have thought that table lamps are only for the indoors, but think again. Your outdoor setup can be the same as your indoor setup. Put table lamps down on your outdoor tables for adequate illumination. Be sure that the lamps you’re using are rated for the outdoors.
If you use the right techniques and always be sure that you’re following safety protocols, you can find success with your outdoor lighting scheme. When your home is properly lit, the best part is that you’ll be able to enjoy the outdoors of your home much more thoroughly during seasonable times. You’ll also have an increased sense of security and comfort in and around your home. It’s well known that burglars are deterred from intruding on well-lit properties. Set up your outdoor lighting right and get the outdoor season off on the right foot.
“Short sales” may have one of the most deceiving names in real estate. Any client who is undertaking the purchase of a short sale property will ask, “Why is this taking so long?” Short sales generally happen due to lapsed payments on a mortgage. In the short sale, the owners take a loss on the property, but it saves them from being foreclosed on by the bank. Many of these sales are circumstantial by divorce, or a sudden change in job. The seller asks the bank to take less money than the amount owed on the house in a short sale transaction.
If You’re Buying A Short Sale Property
If you have made an offer and the seller accepts it, your dealings are far from over in a short sale. The seller’s bank needs to approve the sale. Since the bank is losing money in the deal, this is where the hold up can be in the entire transaction.
The First Step
The seller’s bank must review the short sale package first. The seller needs to submit a complete picture of their finances to the lender. The seller’s credit score will also be reviewed. A bank would not approve a short sale if, let’s say, the seller happened to have a lot of extra cash just sitting in a bank account. The lender needs to protect themselves.
The listing agent should be on top of all of the paperwork that should be done in order to have the transaction approved. As a buyer, you’ll appreciate a good short sale listing agent.
Make Sure Everything Is In Order
There’s a lot of paperwork to sign in order to get a house. There’s even more paperwork to sign in order to secure the purchase of a short sale. If just one page of the documents are missing or one signature is left unsigned, the entire process can be slowed down even more. As a buyer, you should confirm that all the required documents have been signed and received.
Another problem that can occur is that documents quickly become outdated. Bank and other financial statements are a good example of this. By the time paperwork is ready to go through the lender, last month’s bank statement could be completely outdated. The lender will then need an updated statement, holding up the process even more. The seller and agent need to be ready for these circumstances. The faster the lender is responded to, the smoother the process will go.
Remember You’re Working With Two Banks
When you’re purchasing a home that’s a short sale, you’ll need to deal with two banks- your lender and the bank handling the short sale. Be mindful of the timelines that each bank has. If you aren’t, you could be approved hours too late to buy the property, leaving you and the seller to start from scratch.
Buying a short sale is risky because there is always a greater chance the sale will fall through or succumb to foreclosure due to some kind of circumstances beyond the buyer or the seller’s control. If you have the right realtors on both sides of the table, the process of buying a short sale should go as smoothly as can be expected.