Diane Horrigan - RE/MAX  Trinity



Posted by Diane Horrigan on 6/13/2018

A first-time homebuyer often proceeds cautiously as he or she navigates the real estate market. However, if this homebuyer discovers the "perfect" home, the risk to overspend to acquire this residence may prove to be too much to resist.

It is important for a first-time homebuyer to understand what it takes to purchase a house at a price that matches or exceeds his or her expectations. That way, a homebuyer can avoid the temptation to overspend on a house and reduce the likelihood of breaking his or her homebuying budget.

Now, let's take a look at three tips that a first-time homebuyer can use to minimize the risk of overspending on a house.

1. Assess the Housing Market Closely

The housing market frequently fluctuates, and a first-time homebuyer who identifies real estate patterns and trends may be better equipped than others to pay the right price for a residence.

Having the ability to differentiate between a buyer's market and a seller's market is key. If a homebuyer understands the differences between these markets, he or she should have no trouble submitting a reasonable offer on a house based on the current housing market's conditions.

In a buyer's market, there is an abundance of available houses and a shortage of property buyers. This market favors homebuyers, and as a result, a property buyer may be better equipped than ever before to acquire a great house at an affordable price at this time.

Conversely, a seller's market favors home sellers and includes a shortage of high-quality houses and an abundance of homebuyers. In a seller's market, a homebuyer may need to submit a competitive offer on a house, or he or she likely risks losing a residence to potential rivals.

2. Get Pre-Approved for a Mortgage

Want to stick to a homebuying budget? With a mortgage in hand, a first-time homebuyer will know exactly what he or she can spend on a house and narrow a home search accordingly.

To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. This will allow a homebuyer to learn about all of the mortgage options that are available and choose a mortgage that corresponds to his or her finances.

Also, be sure to ask potential lenders plenty of questions about various mortgage options. By doing so, a homebuyer can boost his or her chances of making an informed mortgage decision.

3. Collaborate with a Real Estate Agent

A real estate agent can help a first-time homebuyer explore houses that fall within a specific price range, thereby reducing the risk that a property buyer will overspend on a house.

In addition, a real estate agent is happy to provide honest, unbiased homebuying recommendations. This housing market professional understands the ins and outs of purchasing a house, and as such, will do everything possible to guarantee a property buyer can acquire a terrific residence at a budget-friendly price.

Avoid the temptation to pay too much to buy your dream house – use these tips, and a first-time homebuyer can seamlessly navigate the property buying journey.




Categories: Buying a Home   buying tips  


Posted by Diane Horrigan on 6/6/2018

One of the final hurdles to buying a house is making sure your future home is structurally sound. To the untrained eye, the property you've made an offer on may appear to be "close enough to perfect."

However, your excitement over that gourmet kitchen, finished basement, and manicured lawn may be causing you to view your future home with rose-colored glasses!

Fortunately, you can (and should) hire an experienced, licensed professional to thoroughly inspect the property and point out flaws and potential problems that might need to be addressed by the seller -- either in the form of price concessions or repairs. If the seller is unwilling to be flexible in those areas, then you may have the option of withdrawing your offer. Hopefully, it won't come down to that -- especially if you love the house -- but that situation could arise and derail your plans for buying a particular property.

Many real estate purchases do involve a few bumps and detours along the way, but they frequently can be resolved by your real estate agent and/or attorney.

The starting point for identifying structural issues with a house is to have the property inspected by a reputable home inspector. Here are a few of the key areas they'll evaluate and include in their report:

  • Foundation and basement: Cracks, leaks, and signs of instability can often be identified through a visual inspection of the underlying structure of a home. Some issues are relatively minor, while others can be quite costly.
  • Roof and attic: Although most new roofs typically last for 20 to 30 years, time has a way of slipping by when you least expect it! Depending on weather conditions, climate, and falling tree branches, roofs of any age can be subjected to a lot of wear and tear. Since roofs play such a vital role in protecting your home and family from the many forces of nature, it's crucial that your roof be intact, in sound condition, and fully functional. An inspection of the home's attic and/or crawlspace will also reveal actual or potential problems with leaks, mold, roof damage, or infestations.
  • HVAC, electrical, and plumbing: There are a lot of systems that provide homeowners with comfort, convenience, and the ability to meet day-to-day needs. Whether you're talking about major kitchen appliances, hot water heaters, or climate control systems, there are dozens of things an inspector needs to check and keep you apprised of.
  • Exterior checkpoints: Property inspectors will also assess the condition of the outside of the house, as well as drainage efficiency and any visible structural damage or signs of deterioration.
Although all property inspectors should adhere to industry standards and best practices, some are more thorough and efficient than others. It's essential for you to understand the scope of their services, including whether they offer lead paint testing, termite inspection, radon detection, and asbestos testing.

When it comes to home inspections, your real estate agent can not only provide you with professional referrals, but they can also accompany you on the actual property inspection. That will help make sure important questions, issues, and recommendations don't slip through the cracks!





Posted by Diane Horrigan on 5/30/2018

Purchasing a condo should be fast and easy. However, negotiations with a condo seller can quickly become stressful and may put your chances to acquire your dream condo in danger.

Lucky for you, we're here to help you simplify the process of negotiating with a condo seller to ensure you can purchase your ideal property.

Here are three tips to help you navigate tough negotiations with a condo seller.

1. Consider the Condo Seller's Perspective

Think about the condo seller's perspective and try to find common ground with this individual. By doing so, you and the condo seller may be able to agree to terms that meet the needs of both sides.

When you initially submit an offer on a condo, ensure your proposal accounts for the condo's condition and the current state of the real estate market. That way, you'll be able to avoid the risk of submitting a "lowball" offer that falls below a condo seller's expectations.

Also, maintain open lines of communication throughout the negotiation process. This will allow you to listen to a condo seller's concerns and respond accordingly.

2. Collect Plenty of Housing Market Data

If a condo seller believes you are unwilling to pay a sufficient price for his or her condo, it is always a good idea to present housing market data to back up your offer.

Explore the housing market closely to learn about the prices of comparable condos in nearby cities and towns. This will allow you to see how a particular condo stacks up against similar properties in terms of price and condition.

In addition, check out the prices of recently sold condos in your area to identify housing market patterns and trends. With this real estate market information at your disposal, you'll be able to make an informed decision about whether to continue to negotiate with a condo seller or consider other properties.

3. Collaborate with a Real Estate Agent

A real estate agent will negotiate with a condo seller on your behalf. Therefore, he or she will help you minimize the stress and anxiety that is commonly associated with condo negotiations.

Typically, a real estate agent will submit an offer on a condo and wait to hear back from a condo seller. If a condo seller decides to negotiate, a real estate agent will work with you throughout the negotiation process.

A real estate agent will listen to your condo buying concerns and questions and respond immediately. He or she also will provide honest, unbiased recommendations to help you make informed decisions during negotiations with a condo seller. This real estate professional will even share your concerns with a condo seller to help you get the best results possible.

When it comes to a negotiating with a condo seller, there is no need to worry. If you collaborate with a real estate agent, you can take the guesswork out of condo negotiations. And ultimately, you may be able to move one step closer to buying a condo that meets or exceeds your expectations.




Tags: Condo   Buying a home   buyer tips  
Categories: Buying a Home   Condo   buying tips  


Posted by Diane Horrigan on 5/24/2018

This Condo in North Andover, MA recently sold for $315,000. This Mid-Rise style home was sold by Diane Horrigan - RE/MAX Trinity.


200 Chickering, North Andover, MA 01845

Old Center

Condo

$307,000
Price
$315,000
Sale Price

5
Rooms
2
Beds
2
Baths
Welcome to Kittredge Crossing! Highly prized 2 bedroom first floor CORNER unit with high ceilings, crown molding and parking just steps from entry door. Many features and upgrades include custom maple cabinets, granite counters, recessed lighting, wood flooring, master bath with jetted tub and custom closet organizers. Enjoy this great space for entertaining in the well laid out open floor plan with warm and inviting fireplaced living room and spacious dining room overlooking private covered patio with tree views. Large climate controlled storage space in LL. Pet friendly complex. The club house, exercise room & pool just steps away!

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Tags: Real Estate   Condo   North Andover   01845  
Categories: Sold Homes  


Posted by Diane Horrigan on 5/23/2018

As a home seller, it is crucial to do whatever you can to optimize your house sale earnings. Lucky for you, we are here to help you promote your residence to the right groups of prospective buyers so you can increase the likelihood of a profitable home selling experience.

Now, let's take a look at three tips to help you maximize your home sale earnings.

1. Boost Your Home's Curb Appeal

You won't have to break your budget to upgrade your residence's curb appeal. In fact, completing simple home maintenance tasks like mowing the lawn and clearing dust and debris from exterior walkways may make it easy for buyers to fall in love with your residence.

Spend some time upgrading your residence's curb appeal – you'll be glad you did. Because if your home makes a positive first impression on buyers, there may be no shortage of interest in your house. As a result, buyers may compete for your home – something that could help you get the best price for your residence.

2. Remove Clutter

Clutter may make your home appear smaller than its true size. As such, you should do everything possible to eliminate clutter before you add your home to the real estate market.

Oftentimes, it helps to host a yard sale or list excess items online. In other instances, you may want to donate various items you no longer need to charity or give them to family members and friends.

For home sellers, it is essential to remove as much clutter as you can. Remember, if you eliminate clutter, you can showcase the true beauty of your residence's interior. This may help buyers see the full potential of your home, and ultimately, could lead to offers to purchase that match or exceed your expectations.

3. Hire a Real Estate Agent

If you are unsure about how to navigate different parts of the house selling process, there is no need to stress. By hiring a real estate agent, you can get the help you need to achieve the optimal home selling results.

A real estate agent is a house selling expert who will be able to provide you with personalized recommendations and suggestions. First, he or she will meet with you and learn about you and your home. A real estate agent next will craft a custom home selling strategy. And once a real estate agent puts your home selling plan into action, he or she will ensure you can enjoy a seamless home selling experience.

Furthermore, a real estate agent is available to assist you in any way possible. If you are unsure about how to price your residence, whether to accept an offer to purchase or have other home selling concerns, a real estate agent will help you address them immediately.

Ready to maximize your home sale earnings? Use the aforementioned tips, and you can bolster your chances of enjoying a success house selling experience.