Kathy Kelley's Blog
For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand.
Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include:
1. You're ready to upgrade from an apartment to a home.
If you're tired of paying monthly rent for an apartment, purchasing a house offers a viable alternative. And if you get pre-approved for a mortgage, you can move one step closer to moving from an apartment to a house.
In most instances, a home offers a significant upgrade over an apartment. Many residences are available in cities and towns nationwide that offer more space than apartments. Plus, as a homeowner, you won't have to worry about dealing with a landlord.
2. You feel good about your credit score.
If you have a strong credit score, you likely are a great candidate for a mortgage. In fact, you may be better equipped than others to get a favorable interest rate on the mortgage of your choice.
Understanding your credit score is a key part of the homebuying journey. You can request a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Then, once you find out your credit score, you can determine whether you are in good shape to pursue a mortgage.
3. A buyer's market is in place.
In a buyer's market, there usually is an abundance of top-notch houses and a shortage of buyers. This means a homebuyer may be able to get a wonderful deal on a house, especially if he or she performs a comprehensive house search.
To find out whether a buyer's market is in place, you should check out the prices of recently sold houses in your area. Also, you may want to find out how long recently sold houses were listed before they sold. By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and decide whether now is the right time to apply for a mortgage.
If you're interested in getting a mortgage and starting a house search, you may want to hire a real estate agent too. Because if you have a real estate agent at your side, you can receive extensive support at each stage of the property buying journey.
A real estate agent will teach you everything you need to know about pursuing a house. He or she will offer insights into the local housing market and ensure that you can conduct a successful house search. And if you ever have concerns or questions along the way, a real estate agent is ready to respond to them.
Want to launch a home search? Get pre-approved for a mortgage, and you can take the first step to acquire your ideal residence.
31 Beecher Pl, Newton, MA 02459
31 Beecher Place, Newton, MA 02459
The number one factor that affects the length of time a house remains on the market is curb appeal. That's the consensus of real estate professionals across the country, and was documented in a recent study by a well-known real estate website.
So if it's such a high priority, then why do a lot of homeowners skimp on that aspect of preparing their home for a fast sale? Sometimes it's a lack of awareness; other times it may be a lack of money. In extreme cases, it can be quite pricey to transform a home from "shabby" to "exquisite!" That's an unusual scenario, though, and in most cases the cost of enhancing your home's curb appeal should be both affordable and cost effective.
Where to Begin
The ideal visual (and visceral) effect you want to achieve can be summed up in ten words: fresh, well cared for, aesthetically pleasing, manicured, meticulous, updated, and clean. Perhaps a more concise way to describe the image you want to project to potential buyers is "pride of ownership." Once you're conveying that impression, people are going to make positive assumptions about the value and condition of your home. While it's not necessary that the front of your property and home look perfect in every imaginable way, it is important to pay attention to small details and overall impressions.
Some homeowners will see this goal as an overwhelming challenge, but it doesn't have to be. The first hurdle is to take care of the basics, such as making sure your lawn always looks freshly mowed and that there's no signs of peeling or faded paint on your home and garage. Pulling weeds, placing a few colorful hanging flower baskets in strategic locations, and trimming overgrown bushes and trees are also effective ways to make your property look more desirable.
An advantage of working with a seasoned real estate agent is that they can quickly size up the outside appearance of your home, and make cost-effective suggestions of ways to improve curb appeal and increase the attractiveness of your property. When it comes to selling your house in the shortest period of time, first impressions are vitally important.
One helpful tactic for getting your house noticed by house hunters and real estate agents is to take a walk (or drive) in your neighborhood to see how your curb appeal stacks up to other homes for sale in the area. Ideally, you want your home to look at least as good, if not better, than other nearby properties. Since potential buyers may be focusing their search on specific neighborhoods, such as yours, you'll be giving yourself more of an "inside track" in the real estate market by making sure your home compares favorably to others in the immediate area -- both inside and out.
Let's face it – a showing can be a stressful experience for a house seller. If a seller makes even a single mistake planning for a showing, a buyer may be turned off by his or her residence. And as a result, a seller's home may linger on the real estate market for many weeks or months.
Ultimately, each showing is a valuable learning opportunity for a house seller. If a seller fails to receive an offer to purchase after a showing, there is no need to worry. In fact, there are many things that a seller can do to upgrade his or her residence in the aftermath of an unsuccessful home showing, such as:
1. Bolster Your Home's Curb Appeal
Curb appeal is a key part of the home selling experience, and for good reason. If your house boasts amazing curb appeal, buyers may fall in love with your residence as soon as they see it. Thus, terrific curb appeal could help you speed up the house selling journey.
To upgrade your home's curb appeal, lawn care is crucial. You should mow the lawn, trim the hedges and do everything you can to keep your home's exterior looking neat and tidy.
Also, if you need expert help with curb appeal upgrades, lawn care and home improvement professionals are available. These professionals are happy to help a home seller – regardless of his or her residence's size or location – and will ensure you can enhance your house's curb appeal in no time at all.
2. Revamp Your Home's Interior
If your home's interior looks drab and outdated, now may be a good time for an upgrade. Fortunately, you don't have to be a professionally trained interior decorator to transform your house's interior from drab to fab.
Oftentimes, repainting the walls can make a world of difference inside a house. Using neutral colors may boost the likelihood that your house's interior will capture buyers' attention, too.
Don't forget to clean each room of your house. By doing so, you can maintain a pristine home interior that is sure to hit the mark with buyers.
3. Declutter Your Home
Personal items in your home should be put into storage for the time being. That way, you can help buyers envision what life could be like if they purchase your residence.
Furthermore, remove any items you no longer need from your house. In this instance, you can donate unwanted items to charity, give them to family members or friends or sell them.
As you get set to sell your house, you may want to hire a real estate agent. This housing market professional can offer home exterior and interior improvement tips, as well as help you prepare your residence for showings and open house events.
For those who are worried about home improvements, it is important to remember that there are lots of ways to upgrade a residence. Thanks to the aforementioned tips, you can quickly upgrade your house's appearance and move closer to achieving your desired home selling results.