Marjorie Youngren Team's Blog
Ready to discover your dream home? With help from your loved ones, you may be able to accelerate your journey from homebuyer to homeowner.
Ultimately, there are many reasons to include family members and friends in your search for the perfect home, including:
1. Loved ones are happy to help you in any way they can.
Loved ones have your best interests in mind and will do whatever they can to assist you. That way, you can get extra help as you embark on the homebuying journey.
Before you begin your home search, it may prove to be helpful to meet with loved ones so that you can explain your homebuying goals to them. This will allow you to describe what you'd like to find in your dream home. Plus, meeting with loved ones gives family members and friends an opportunity to ask you questions about your home search.
If you and your loved ones are all on the same page, you'll be able to get ample support as you prepare to kick off your home search. Then, you and your loved ones can check out a broad array of houses and find one that matches or exceeds your expectations.
2. Loved ones can share their homebuying experiences with you.
For those who are entering the real estate market for the first time or have not purchased a house in several years, it may be beneficial to involve loved ones in the property buying process.
Loved ones who have recently purchased homes can provide real estate insights that you may struggle to obtain elsewhere. They can respond to your homebuying concerns and queries and help you prepare to enter the housing market.
Also, loved ones may be able to help you avoid potential pitfalls as you search for the ideal residence. Although some family members and friends may have made mistakes when they bought homes in the past, your loved ones can help you learn from their errors and ensure you can avoid various homebuying pitfalls.
3. Loved ones can help you make tough homebuying decisions.
Let's face it – the decision to buy a home is one of the biggest that an individual may make in his or her lifetime. As such, the decision to purchase a home is not one that should be taken lightly.
Loved ones are happy to listen to your homebuying concerns time and time again. They can offer suggestions and recommendations as you explore homes and help you remain calm, cool and collected at each stage of the homebuying journey.
Of course, if you want additional assistance during the homebuying journey, it never hurts to hire an expert real estate agent. This housing market professional can set up home showings, negotiate with home sellers on your behalf and provide comprehensive homebuying support at any time.
Reach out to loved ones for support as you get ready to search for your dream home. By doing so, you may be able to speed up the homebuying process.
Do you have what it takes to be a responsive homebuyer? Ultimately, your ability to respond to requests from home sellers and others may dictate your homebuying success.
Becoming a responsive homebuyer can be easy – here are three tips to ensure you can do just that.
1. Learn About the Housing Market
A responsive homebuyer understands that he or she has a lot to learn about the housing market. As such, this individual will allocate the necessary time and resources to analyze the real estate sector.
Typically, a responsive homebuyer will perform comprehensive online research. This will help a homebuyer assess a broad range of residences so he or she can tailor a home search accordingly.
Let's not forget about a responsive homebuyer's diligence, either.
A responsive homebuyer may work with an expert real estate agent, i.e. a housing market professional who knows what it takes to land a top-notch house at a budget-friendly price. By doing so, this homebuyer can boost his or her chances of streamlining the homebuying process.
2. Be Available
Are you ready to check out houses as soon as they become available? A responsive homebuyer should have no trouble tracking the housing market and staying up to date about new residences. That way, this individual can act quickly if he or she discovers the perfect home.
An informed approach can make a world of difference, and in most cases, separates a responsive homebuyer from an ordinary property buyer.
Usually, a responsive homebuyer will study the housing market closely and track new houses daily. This property buyer also may collaborate with a real estate agent who will keep him or her informed about new houses that become available.
Perhaps most important, a responsive homebuyer will be ready to accept phone calls, emails and texts throughout the homebuying cycle. He or she will even be open to communication with a home seller – something that may help this homebuyer acquire a first-rate house.
3. Offer Positive Responses to Feedback
Although a responsive homebuyer is eager to learn about the real estate sector, he or she won't pretend to be a housing market expert. In fact, this individual often is happy to receive feedback throughout the homebuying cycle.
A responsive homebuyer may consult with a real estate agent who can offer homebuying recommendations and suggestions. This homebuyer may not always agree with a real estate agent's advice, but he or she also will listen to everything that a housing market professional has to say.
Becoming a responsive homebuyer may seem like an uphill climb. However, with support from a real estate agent, you may be able to accelerate the process of transforming your homeownership dream into a reality.
Real estate agents are available in cities and towns nationwide and serve as homebuying guides. These housing market professionals can help homebuyers find residences that they can enjoy for years to come.
Take the next step to become a responsive homebuyer – use these tips, and you can move one step closer to securing your ideal residence.
Ready to enter the real estate market for the first time? As a first-time homebuyer, you may encounter many challenges as you kick off your search for the perfect house. However, property buyers who understand these challenges will be better equipped than others to overcome such difficulties quickly and effortlessly.
Now, let's take a look at three common challenges that first-time homebuyers may face:
1. You don't know what to look for in a house.
You know you want to own a house, but how do you define your "dream" residence? Ultimately, you'll want to consider what you'd like to find in your perfect house so you can map out your real estate search accordingly.
Creating a checklist of things you'd like to have in your dream home usually represents a great starting point for first-time homebuyers. This checklist should include both "must-haves" and "wants" and can help you narrow your search for the ideal residence.
2. You aren't sure how much money you have available to purchase a home.
How much can you spend to acquire a residence? Without a budget, you may struggle to begin your real estate search.
Lucky for you, many banks and credit unions make it simple to get pre-approved for a mortgage.
Set up meetings with a few lenders in your city or town – you'll be glad you did. These lenders can help you assess your current financial situation, outline all of your mortgage options and ensure you can gain pre-approval for a mortgage.
With a mortgage in hand, you may be better equipped than other homebuyers to secure your ideal residence. This mortgage will help you determine exactly how much you can spend on a home. Plus, getting pre-approved for a mortgage can help you avoid the temptation to spend beyond your financial means to acquire your dream house.
3. You don't know what it takes to go from homebuyer to homeowner.
The homebuying process can be long and complicated, especially if you have no idea about what to expect from it. Fortunately, real estate agents are available to help you take the guesswork out of going from homebuyer to homeowner.
A real estate agent is a housing market professional who is happy to share his or her insights with you. He or she will respond to your homebuying concerns and queries and teach you about all stages of the homebuying cycle.
Furthermore, a real estate agent will set up home showings, keep you up to date about new houses as they become available and negotiate with property sellers on your behalf. This housing market professional will even go above and beyond the call of duty to guarantee you can purchase a home that you'll be able to enjoy for years to come.
When it comes to buying a home for the first time, there is no need to navigate the homebuying journey alone. Instead, collaborate with a real estate agent, and you can accelerate the process of acquiring a top-notch house at a budget-friendly price.
On the basic level of supply and demand, a housing shortage leads to higher home prices. But let's look beyond the obvious at a few other considerations a homeowner might want to make in response to a housing shortage, as well as a few tips for the prospective homebuyer.
More Housing, Same Space
Wondering what the best investment you can make to raise the property value is? Creating extra housing within the existing footprint of the property is one of the best ways to go. Creating an attic or basement apartment in the existing home is one way to go, so is building an entirely new structure to house a granny flat. You could look into garage conversions, see if there are changes that could be made to any existing outbuildings, or break ground and start from scratch. In response to the housing shortage there are many laws being passed to make it easier for homeowners to receive approval for adding additional residences to their property, including simplifying licensing procedures and even overriding some HOAs, including one that just went into effect statewide in California.
A Great Time to Sell the As-Is Home
A housing shortage doesn't just drive prices up, it can cause buyers to quickly snap up houses with cosmetic flaws that would normally linger on the market. If the thought of doing needed house painting or landscaping feels like it defeats the purpose of selling the home, then now might be the right time to put your home on the market. Additionally, if you'd already been planning to sell your home, but have continually been adding to a never ending list of projects to complete before selling, then now is the time to list, while the market is hot, even if you're DIY home improvements are still a far cry from perfect.
Getting Into the Rental Market Is a Strong Income Source
If you're planning to purchase and move to a new home, you may want to re-think selling your current one. Although it may be a strong market for selling a home, the rental market could be robust. If you can afford to keep your current home, you may have an ideal income-producing investment on your hands.
3 Tips for the Homebuyer During a Housing Shortage
If you're looking to buy a home during a housing shortage, don't despair of the shortage. You'll have luck, just expect it to take a bit longer and follow this advice:
Believe it or not, you don't need to be a homebuying expert to score a great deal on your dream residence. In fact, there are many things you can do to find and acquire a house that won't force you to break your budget, and these include:
1. Shop Around
When it comes to conducting a home search, it generally is a good idea to be thorough. If you search for residences in a variety of cities and towns, you can boost the likelihood of finding a home that you can afford.
Also, it is important to remember that scoring a great deal on a residence usually requires hard work and patience. If you perform lots of housing market research, you can gain deep insights into the real estate sector. You then may be able to use housing market insights to find ways to speed up the process of locating and purchasing your ideal home.
2. Get Pre-Approved for a Mortgage
If you have a mortgage in hand when you start your home search, you will be better equipped than other buyers to pounce at the opportunity to acquire a budget-friendly home.
Typically, it won't take long to get pre-approved for a mortgage. If you meet with myriad banks and credit unions, you can explore all of your home financing options. Then, you can select a mortgage and perform a home search with a budget at your disposal.
If you have questions about a mortgage, there is no need to worry, either. Banks and credit unions employ courteous, knowledgeable mortgage specialists who are happy to respond to your home financing queries. Therefore, these specialists can help you make an informed mortgage selection.
3. Collaborate with a Real Estate Agent
A real estate agent is a homebuying professional who will help you find a terrific house at an affordable price – without exception. He or she knows what it takes to perform an in-depth home search, and as such, will take the guesswork out of acquiring your dream residence.
In addition, a real estate agent offers comprehensive homebuying insights you may struggle to obtain elsewhere. If you are unsure about where to search for a home, for example, a real estate agent can help you hone your homebuying criteria. Or, if you are uncertain about how much to offer to acquire your dream residence, a real estate agent will help you submit a competitive homebuying proposal.
A real estate agent is available to assist you in any way possible as you navigate the homebuying journey, too. That way, you can get the help you need to seamlessly go from homebuyer to homeowner.
For those who want to purchase a first-rate house at an economical price, it helps to prepare for the homebuying journey. By using the aforementioned tips, you can move quickly to find a home that falls in line with your finances. As a result, you could accelerate your home search and acquire your ideal residence in no time at all.