Marjorie Youngren Team's Blog
Want to make your homeownership dream a reality? Get pre-approved for a mortgage, and a first-time homebuyer can move closer than ever before to acquiring his or her ideal residence.
Ultimately, there are many reasons to receive pre-approval for a mortgage, including:
1. You can establish a realistic homebuying budget.
Entering the housing market for the first time can be challenging. In fact, many first-time homebuyers struggle to establish realistic expectations before they begin their home search. And as a result, these homebuyers may end up spending too much for a house.
Fortunately, getting pre-approved for a mortgage enables a homebuyer to enter the real estate market with a budget in hand. This ensures a homebuyer can avoid the temptation to overspend on a residence.
Pre-approval for a mortgage also allows a homebuyer to map out his or her homebuying journey. With a plan in place, this homebuyer may be better equipped than others to acquire a top-notch residence that matches or exceeds his or her expectations.
2. You can speed up the homebuying journey.
Although a first-time homebuyer can always submit an offer on a home without a mortgage in hand, doing so may be tricky. In some cases, it may even slow down the homebuying process, especially if a homebuyer has to allocate significant time and resources to find a mortgage lender.
On the other hand, a homebuyer who gets pre-approved for a mortgage should have no trouble accelerating the property buying cycle. This homebuyer will know exactly how much money is at his or her disposal, and as a result, can speed up the homebuying journey.
3. You can gain a competitive advantage over rival homebuyers.
In many instances, a home seller may be more likely to accept a proposal from a first-time homebuyer who has been pre-approved for a mortgage versus an offer from a buyer who still needs to obtain a mortgage.
A homebuyer who has a mortgage likely won't have to wait too long to acquire a house. Conversely, a homebuyer who needs to apply for a mortgage after an offer has been submitted may need to wait many weeks or months to complete a home sale.
Clearly, there are many great reasons for a first-time homebuyer to receive pre-approval for a mortgage. For homebuyers who want to ensure the best results possible, it certainly helps to collaborate with an experienced real estate agent too.
An experienced real estate agent understands the ins and outs of the housing market and will do whatever it takes to help a homebuyer streamline the property buying journey. This housing market professional will set up home showings and negotiate with a home seller on a property buyer's behalf. Plus, he or she is happy to provide honest, unbiased recommendations to help a homebuyer make his or her homeownership dream come true.
Take the next step to acquire your dream residence – get pre-approved for a mortgage today, and a first-time homebuyer can get the necessary financing to purchase his or her ideal house.
With all the fixing, renovating, and flipping showing on television, your standard builder grade home seems sadly lacking. When you bought it, you intended to plant yourself here for a while, to moving to a farm to get the farmhouse look isn’t in the cards. Luckily, builder-grade makes the perfect canvas to boost your basic look without busting the budget.
Get the [Farmhouse] Look for Less
- Beadboard: Adding beadboard along breakfast nook and dining room walls bring instant country charm. Instead of expensive solid oak beadboard, choose four-foot by eight-foot faux pressed beadboard panels from your local DIY store. Cut them in half width-wise to get two four-foot by four-foot sheets. Attached them side by side to your walls with a nail gun and glue for best results. Top it off with flat pine board and paint it all a glossy white.
- Board and batten: This wall-treatment works best for mudrooms or hallways and adds character and charm to a plain stairway wall too. Get the look by nailing flat four to six-inch pine boards evenly spaced vertically along the wall. Leave measured room at the top and bottom for baseboard and chair rail or crown molding. Paint the boards and the wall between in a satin or semi-gloss paint in farmhouse blue, mint green or another color that speaks to you.
- Faux shiplap: While you sometimes can find real pieces of shiplap in outlets that handle reclaimed wood, you can get a similar look using pine planks. Similar to the board and batten treatment, nail the boards onto the walls, but horizontally, with about a three-quarter inch space between them. For easier installation create a couple of spaces from scrap wood to hold your boards in place. Choose an accent wall or niche for your installation area, then paint the boards with chalk paint to give you that aged country look.
- Butcher’s block countertops: If your budget lends itself to replacing the countertops, replace that Formica with natural butcher’s block. If solid butcher’s block is out of the question, stores like Ikea carry a bamboo version for less and Wilsonart has laminate versions with coordinated edges that are hard to tell from the real thing.
- Fixtures and finishes: Even if you can’t afford the farmhouse-style sink, you can change out the fixtures to give you the look. Opt for bronze or coppery finished for cream or white sinks and go for brushed satin nickel to complement your stainless steel. Change out light fixtures, drawer pulls, and knobs from the “that’s-so-90s” brass ones and consider chalk-paint to give your cabinets a stress-free new look.
- Timely trims: Finally, trim the doorways with—you guessed it—more flat pine boards. Use four-inch boards on the sides but add some drama to the top with six or eight-inch boards and a little bit of half-round to cap it off.
If you love the farmhouse style, try one or several of these steps to get a look that sets your builder-grade home apart from all the rest when it comes time to sell. For an estimate on what your re-imagined farmhouse will fetch on the market, talk to your realtor.
126 Standish Road, Lynn, MA 01904
If you have lived in your home for over 20 years and are thinking of selling, you will want to read this. Today’s buyers are educated beyond what you would expect…about you! These buyers are far more sophisticated than when you last sold your home. They have the tools and they research, they Google, and find out everything they can about your home and about YOU before they consider making an offer.
Your buyer will find out what you paid for your home and how much they think you owe on it. They know if you are married or divorced and if you have a criminal record (I can’t tell you how many buyers bring this up to me). They know what you do for a living, and if the internet has an opinion about how well you do it. They know all of this because they are curious, and there’s so much they can find out on-line.
On a positive note, today’s buyers are also very qualified and smart. They have spoken with lenders, know what they can afford, and have the pre-approval to back it up. They are also ready to pull the trigger if they find the right house. They are not looking for a deal. They expect to pay “Market” price, but not more, and they want to know what they are buying.
It’s important for you to understand who they are and what they expect. If you want to know what they know, Google yourself and see what comes up. If possible, try to clean up your on line footprint, as any professional should. If you are in an industry that reviews, take a look to see what your buyers are seeing. There may not be a lot you can do about it, but at the very least, you should be aware what they know about you!
If you want to buy or sell a home, hiring a real estate agent is a must. With an expert real estate agent at your side, you should have no trouble getting the best results.
A real estate agent can teach you the ins and outs of the housing market and ensure you can make informed buying or selling decisions. In addition, a real estate agent will go above and beyond the call of duty to assist you throughout each stage of the homebuying or home selling journey.
Although many real estate agents are available nationwide, it is important to remember that not all of these housing market professionals possess the same communication skills. And if you hire a real estate agent who is an ineffective communicator, you may miss out on opportunities to buy your dream home or get the best price for your current residence.
Ultimately, there are many signs that a real estate agent is a great communicator, including:
1. A real estate agent keeps in touch with clients via emails, phone calls and texts.
A real estate agent who understands the importance of effective communication will be able to stay in contact with you via emails, phone calls and texts. This housing market professional is happy to work with you in any way possible, and as such, is ready to lend a helping hand time and time again.
Furthermore, a great communicator understands the importance of timely, accurate messages. This means a real estate agent who strives to maintain open lines of communication should have no trouble keeping you informed throughout the homebuying or home selling cycle.
2. A real estate agent listens to your concerns and questions.
Let's face it – buying or selling a home can be stressful, particularly if you're operating in a competitive housing market. Lucky for you, a real estate agent who acts as a great communicator can listen to your concerns and questions and help you alleviate stress.
A real estate agent understands what it takes to assist a homebuyer or home seller. He or she also recognizes the importance of active listening and respond to your concerns and queries instantly. That way, this housing market professional can do whatever it takes to help you remain calm, cool and collected as you buy or sell a home.
3. A real estate agent is unafraid to be honest.
Although the homebuying or home selling journey should be simple, problems sometimes may arise. However, a real estate agent who serves as a great communicator will provide honest, unbiased recommendations to help you overcome any challenges.
A real estate agent is proud to assist his or her clients. At the same time, this housing market professional is unafraid to deliver bad news. Therefore, a real estate agent who is an effective communicator can share good and bad news with clients, provide consistent support and help clients mitigate homebuying or home selling problems as quickly as possible.
Employ a real estate agent who is a great communicator, and you can work with a housing market professional who can help you overcome the challenges associated with buying or selling a home.