CENTURY 21 Sexton & Donohue, Inc.



Posted by CENTURY 21 Sexton & Donohue, Inc. on 2/13/2018

Ready to submit an offer on a house? Not so fast. First, you'll want to consider a few key questions, including:

1. Can I afford to buy a house?

If you find a house you like, make sure you can afford the monthly mortgage payments. By doing so, you may be able to avoid costly, time-consuming problems down the line.

Ultimately, getting pre-approved for a mortgage can make a world of difference, particularly for a homebuyer who is ready to submit an offer on a home.

With pre-approval for a mortgage, a homebuyer will understand exactly how much money is at his or her disposal. As a result, this homebuyer can avoid the temptation to overspend on a house.

2. Should I submit a "lowball" offer?

For many homebuyers, it may seem like a good idea to submit a "lowball" offer on a house. But doing so may be problematic for a number of reasons.

If you submit a lowball proposal, a home seller is unlikely to take your bid seriously. As such, this home seller may dismiss your offer and move on to other proposals quickly.

In addition, a lowball offer may cause you to miss out on the opportunity to acquire your dream residence.

When you locate the perfect residence, there is no need to leave anything to chance. If you submit a fair proposal that meets or exceeds a home seller's expectations, you can avoid the risk of losing your dream house to a rival homebuyer.

3. How much should I offer for a residence?

We've already established that a lowball offer is rarely, if ever, a good idea. Now, you'll just need to determine what differentiates a fair proposal from a lowball one.

A fair proposal accounts for the needs of both a homebuyer and home seller. It should be based on the current state of the housing market as well as the condition of a home.

For instance, if you're operating in a buyer's market, there is likely to be a broad assortment of homes available. This means a home seller may need to lower his or her expectations due to the sheer volume of quality residences currently on the market.

Don't forget to study the prices of recently sold homes in a particular city or town too. This housing market data will help you better understand how a residence you're considering stacks up against comparable houses so you can submit an appropriate offer.

4. Do I need a real estate agent?

A real estate agent will take the guesswork out of buying a home, and for good reason. This real estate professional can help you prepare an offer and will negotiate with a home seller on your behalf. That way, you can streamline the process of going from homebuyer to homeowner.

Hire a real estate agent before you submit an offer on a house – you'll be glad you did. A real estate agent will guide you along the homebuying journey and ensure you can secure a great house at a price that fits your budget.




Categories: Buying a Home   buying tips  


Posted by CENTURY 21 Sexton & Donohue, Inc. on 1/23/2018

Moving is a big adjustment for any of us, yet it can be hardest on the children in our lives. Moving can mean a new school for your kids and a whole lot of unfamiliar faces. There are a few ways that you can help kids adjust to the change of moving to a new place and help them to feel at home faster. 


Let Them Be Involved With The New House


As a child, it can seem like moving into a new house is all about adults. Kids may feel that they’re merely along for the ride. You can let the kids pick out some things in the house. What color should their room be? Can the kids give some input on a new piece of furniture? Make moving a family affair and allow everyone in the family to feel included to make the transition smoother. 


Get Enrolled In Local Activities


See what types of local activities are available for the kids (and you) to be enrolled in. From tennis lessons to summer camp to after school activities, there’s plenty of things in a community that you and your family can get involved in. If you can find an activity to participate in with your kids, it will only make it easier for them to feel comfortable meeting other kids. You can also get acquainted with other adults to get some more information and insight about your new community. Making new friends and doing something they love will help your kids to feel right at home. The kids will feel more comfortable i their new school as well if they get involved.  



Help Kids Stay In Touch With Old Friends


Moving isn’t all about making new friends. Kids can still keep in touch with their old friends. If you didn’t move very far away, schedule dates for your kids to meet up with their old friends. If you have moved across states, encourage your kids to keep in touch with old friends through phone calls and video chat meetings. They’ll know that someday, they’ll see each other in person again. These actions can help in the transition of moving as well, since kids will see that their old lives have not been completely lost and forgotten about.


Stroll Around The Neighborhood As A Family


One great way to get adjusted to a new neighborhood is to explore it by foot. Make it a point to take an evening stroll as a family. The kids can learn a bit more about the area and begin to feel more comfortable in their surroundings with your help. You’ll also make discoveries about your new surroundings as a family.




Tags: Buying a home   moving tips   kids  
Categories: Buying a Home   Moving Tips   kids  


Posted by CENTURY 21 Sexton & Donohue, Inc. on 11/28/2017

Believe it or not, flood insurance may prove to be a valuable investment, even if your home is not located in a floodplain. Flood insurance covers physical damage to your residence or personal items due to floods. Thus, flood insurance offers added protection for your home and belongings, making it exceedingly valuable for homeowners. As a homebuyer, you may search for residences that are located outside of floodplains. But it is crucial to note that even a few inches of water can cause substantial property damage in a short period of time, and a residence remains at risk for flood damage even if it falls outside of a floodplain. So should you purchase flood insurance for your new home? Ultimately, there are many factors to consider, including: 1. Your Homeowners Insurance Policy Homeowners insurance does not cover flood damage. As such, you likely will need to purchase a flood insurance policy if you want to safeguard your residence against flood damage. Those who reside in designated flood zones will need flood insurance. Meanwhile, flood insurance usually represents a valuable option for those who live in inland areas or away from major rivers as well. If flooding occurs, you'll want to do everything possible to protect your home and assets. And with flood insurance, you'll be better equipped to safeguard your residence and belongings in the event of a flood. 2. Your Umbrella Policy With an umbrella policy, you are able to add liability coverage beyond what is offered in a standard homeowners insurance policy. An umbrella policy also offers protection against major claims and lawsuits to further safeguard your home and assets. Although you might have purchased an umbrella policy for extra liability insurance, this coverage does not apply to flood damage. As a result, you will need to prepare accordingly if you want to insure your home against floods. 3. The Coverage Provided by Flood Insurance Although flood insurance offers value for homeowners, it may fail to deliver full protection for your home and belongings. Federal flood insurance policies commonly provide coverage up to a set amount for your home and possessions. In the event that your residence or belongings are worth more than these totals, you'll only receive compensation from your insurer up to the federally mandated amount. When purchasing flood insurance, it is important to consider the value of your home and belongings. If you feel that flood insurance coverage fails to meet your needs, you may want to consider excess flood insurance to increase your total coverage. Furthermore, discussing your flood insurance options with a real estate agent may be a great idea. This professional will be able to tell you if your new home is in a floodplain and offer tips to ensure that you find a residence that satisfies all of your needs. Floods can cause serious damage quickly, but homeowners who are ready for the dangers posed by these natural disasters can plan appropriately. Therefore, homeowners may want to consider purchasing flood insurance, as this coverage will protect their homes and belongings if flood damage occurs.





Posted by CENTURY 21 Sexton & Donohue, Inc. on 10/31/2017

Believe it or not, getting pre-approved for a mortgage can be quick and simple, even for a first-time homebuyer. In fact, here are three tips to help a first-time homebuyer streamline the process of receiving pre-approval for a mortgage:

1. Meet with Several Lenders

Many mortgage lenders are available in cities and towns nationwide. Meanwhile, these mortgage experts are happy to teach first-time homebuyers about assorted mortgage options and help them get pre-approved for a mortgage.

Set up face-to-face meetings with various lenders in your area. That way, a first-time homebuyer can gain unparalleled insights into a wide range of mortgage options.

In addition, don't hesitate to ask questions during meetings with banks and credit unions. Mortgage lenders possess comprehensive mortgage expertise, and as such, a first-time homebuyer can rely on these mortgage professionals to receive the support that he or she needs to make an informed decision.

2. Understand Your Credit Score

Do you know your credit score? Ultimately, a first-time homebuyer's credit score may dictate his or her ability to obtain the ideal mortgage.

An individual can request a free copy of his or her credit report from each of the three major credit reporting agencies (Equifax, Experian and TransUnion) once a year. This report may prove to be exceedingly valuable, as it can help a homebuyer identify opportunities to improve his or her credit score before a mortgage application is submitted.

Also, if you identify errors in your credit report, it is paramount to contact the agency that provided the report immediately. This will allow you to correct any potential errors quickly and ensure that they won't affect your ability to get the best possible mortgage.

3. Consider Your Homebuying Budget

A first-time homebuyer may have lofty expectations prior to entering the real estate market. However, this individual should consider his or her finances before submitting a mortgage application.

With a budget in hand, a homebuyer can establish realistic expectations as he or she tries to get pre-approved for a mortgage. Plus, this homebuyer may be better equipped than others to obtain pre-approval for a mortgage and accelerate his or her search for the perfect residence.

Lastly, it may be worthwhile for a first-time homebuyer to meet with a real estate agent to learn more about assorted mortgage options.

A real estate agent understands the challenges associated with purchasing a house for the first time. As a result, this housing market professional can teach a homebuyer about all aspects of the property buying journey and help this buyer plan accordingly.

Perhaps best of all, a real estate agent can set up home showings, keep a homebuyer up to date about new residences as they become available and negotiate with a home seller on a buyer's behalf. This housing market professional will even provide honest, unbiased homebuying recommendations to make it easy for a property buyer to acquire a top-notch residence at a budget-friendly price.

Move one step closer to purchasing your dream house – use the aforementioned tips, and a first-time homebuyer can speed up the process of getting pre-approved for a mortgage.




Categories: Buying a Home   buying tips  


Posted by CENTURY 21 Sexton & Donohue, Inc. on 1/19/2016

Are you looking to buy a bigger home? If you are looking to make the move a jumbo mortgage might be right for you. A jumbo mortgage is a home loan with an amount that exceeds conforming loan limits set by the Office of Federal Housing Enterprise Oversight (OFHEO) or better known as Fannie Mae and Freddie Mac. Currently, the loan limit is $417,000 in most parts of the United States, but can increase to $625,500 in the higher cost areas. OFHEO sets the conforming loan limit size on an annual basis. Jumbo loans have slightly higher interest rates because they carry more credit risk.




Categories: Buying a Home  




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