CENTURY 21 Sexton & Donohue, Inc.



Posted by CENTURY 21 Sexton & Donohue, Inc. on 6/18/2019

An open house can be a life-changing event for a homebuyer. If you plan ahead for an open house, you should have no trouble determining whether a residence matches or exceeds your expectations. And if the answer is "Yes," you can proceed quickly to submit a competitive offer to acquire a house.

What does it take to prep for an open house? Here are three open house preparation tips that every homebuyer needs to know.

1. Understand Your Budget

Before you attend an open house, you should find out how much money is at your disposal. Thus, you may want to meet with banks and credit unions to see if you can get pre-approved for a mortgage. That way, you can kick off your home search with a budget in hand.

Although you know that you have only a certain amount of money to spend on a residence, it may be worthwhile to consider attending open houses for residences with initial asking prices that are above your price range. Because in some instances, a home seller may be willing to accept an offer that falls below his or her initial asking price.

2. Create a List of Questions

A home is one of the biggest purchases that a person can make, and as such, it pays to be diligent. If you craft a list of questions before an open house, you can get immediate responses from the showing agent. Then, you can determine the best course of action.

When it comes to an open house, there is no such thing as a "bad" question. As a homebuyer, it is paramount to get as much information as possible about a residence to determine whether a house is right for you. Therefore, if you create a list of questions in advance, you can improve your chances of getting the most out of an open house.

3. Consult with a Real Estate Agent

If you're uncertain about how to approach an open house, you're not alone. Fortunately, real estate agents are available nationwide who are happy to teach you the ins and outs of the real estate market. By doing so, these housing market professionals will make it easy to take an informed approach to any open house, at any time.

A real estate agent will always keep you up to date about new residences as they become available. Also, if you are interested in homes in a particular city or town, a real estate agent will notify you about open houses in this area. And if you need extra help prepping for an open house, a real estate agent is happy to assist you in any way possible.

Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will help you submit an offer on a house, negotiate with a seller's agent on your behalf and much more.

Be diligent as you get ready for an open house – use the aforementioned tips, and you can fully prepare for an open house.





Posted by CENTURY 21 Sexton & Donohue, Inc. on 6/11/2019

Buying a luxury home isn't merely about buying an expensive house, it's about buying the most elegant home in the most exclusive and expensive neighborhoods. In addition to that, you are purchasing the architecture, landscaping, finishing, and fittings that come with the house. That’s why you have to do it the right way to avoid regrets in the future. 

Here are a few tips you should be aware of before you decide to go through with that luxury purchase.

  • Get the right realtor The right realtor is an agent with a lot of experience making high-end sales happen. They know the right places to get you what you need within your budget. It's not enough to get an agent because buying and selling luxury homes is a niche market in itself.
  • Get familiar with the area Remember that you’re not just buying a home, you’re buying the exclusivity of the neighborhood. There is a direct correlation between the value of the house and its location, so get as much information as you can about it. Ask questions about prospects for the area’s future to be sure that new property development doesn’t reduce the value of the neighborhood in the future.
  • Think of the resale value It’s very likely that you will end up selling your house someday, so resale should be at the back of your mind even as you make your decision about your purchase. That means if your personal tastes are somewhat eccentric—and it reflects in what you buy now—it might be more difficult to sell later until you find another buyer equally attracted by what you like. That’s not to say you shouldn’t spend your money as you please, it’s just a cautionary note to consider the future when you buy now.
  • Check the home out The first rule of home buying is never to buy a house without inspecting it, and that holds true for luxury homes too. Go beyond the photographs and look closely at the house. If this is your initial luxury home purchase, the property might likely be different than the previous home you bought, so you should get a home inspector familiar with the ins and outs of luxury homes to give it a clean bill of health for you. For help on finding a good home inspector, ask your realtor for suggestions and recommendations.





Posted by CENTURY 21 Sexton & Donohue, Inc. on 3/26/2019

An informed homebuyer may be better equipped than others to enjoy a successful property buying experience. In fact, an informed homebuyer likely will understand the ins and outs of the local housing market – something that could make it simple for this individual to discover a great residence at a budget-friendly price.

Ultimately, it helps to review the local real estate market closely before you embark on the homebuying journey. Lucky for you, there are many things you can do to analyze the local real estate market and gain the homebuying insights you need to succeed.

Let's take a look at three tips to help you study the local housing sector so you can navigate the homebuying journey with poise and confidence.

1. Assess the Prices of Recently Sold Houses

Oftentimes, it is a good idea to review the prices of recently sold houses in cities or towns where you plan to search for your dream residence. If you understand how much home sellers are receiving for their residences, you can narrow your house search to properties that fall in line with your budget.

It is important to remember that city houses may be more expensive than comparable residences in small towns, too. Thus, you should budget accordingly based on where you choose to search for a home.

2. Find Out If Homes Are Selling Quickly

Take a look at how quickly homes are selling in cities and towns where you want to live. With this housing market data in hand, you can determine whether a buyer's or seller's market is in place.

In a buyer's market, there may be an abundance of available houses. Or, in a seller's market, homes may sell within days of being listed.

If you are operating in a buyer's market, you may be able to take your time to find your ideal house. Comparatively, in a seller's market, you should be prepared to act quickly to acquire your dream residence.

3. Consult with a Real Estate Agent

A real estate agent can teach you everything you need to know about the housing sector. That way, a real estate agent can help you become an informed homebuyer in no time at all.

Typically, a real estate agent will learn about you and your homebuying goals. He or she next will provide insights into the housing market in your preferred cities and towns and help you hone your house search. Then, a real estate agent will help you search for your dream residence. And once you find a house you want to purchase, a real estate agent will help you submit a competitive offer to purchase this home.

As you prepare for the homebuying journey, it may be beneficial to learn about the local real estate sector. By doing so, you can gain comprehensive housing market insights that you can use to streamline your home search. As a result, you could speed up the process of finding and purchasing your ideal house.




Categories: Buying a Home   buying tips  


Posted by CENTURY 21 Sexton & Donohue, Inc. on 3/19/2019

The prospect of buying your first home is both exciting and nerve-wracking. On one hand, owning your own house is the final step of financial independence. You’re no longer accountable to a landlord and their rental agreement. On the other hand, buying a home is a huge financial decision that will determine where you live for the next several years.

As a first-time buyer, there’s a lot to learn about buying a house. You’ll often hear homeowners say, “I wish I knew that before buying this house.” So, in this article, we’re going to give you some common mistakes that first-time buyers make so you can have the best possible experience in the home buying process.  

1. Underestimating the costs

When first-time buyers get preapproved for a mortgage, they sometimes see this as permission to spend whatever amount they’re approved for. However, even after closing costs, there are a number of other expenses you’ll need to account for in your budget.

You’ll be responsible for maintenance, utilities, taxes, and repairing things when they get old. If all of your money is tied up just paying your mortgage and other bills, you won’t have anything left over to maintain your house.

Furthermore, living your life just to make your mortgage payments is draining. Instead, buy a house that gives you enough room to save for retirement, vacations, a family, or whatever else you see in your future.

2. Prequalify first

Before you start shopping for homes, make sure you meet some basic prerequisites. You’ll need a solid credit score, steady income history, and money saved for a down payment. You might set yourself up for disappointment looking at homes that are outside of your spending limit if you don’t get prequalified first.

3. This probably isn’t your last home

While it’s okay to dream about the future, don’t set unrealistic expectations for your first home. You can always upgrade later on, and building equity in your first home is a good way to help you do that.

4. Don’t get too attached to your “dream home”

So, you’ve been shopping around for a few weeks and finally found the perfect house. If everything goes well your offer could get accepted. But if it doesn’t, don’t worry about it. There are constantly new houses appearing on the market, and there’s a good chance you’ll like one even more than this one.

5. Don’t waive contingencies without good reason

Contingencies are there to protect you. They might seem like a way to needlessly complicate a contract. Or, you might think that waiving them makes you look better in the eyes of the seller. However, both sellers and their agents know that contingencies serve an important purpose.

The three main contingencies you’ll want when buying a home are an appraisal contingency, financing contingency, and an inspection contingency. Unless you’re buying under special circumstances, you’ll want to keep all three in your contract. 





Posted by CENTURY 21 Sexton & Donohue, Inc. on 1/29/2019

If you're ready to pursue your dream house, it generally is a good idea to enter the real estate sector with an open mind. In fact, there are many benefits to keeping your options open as you search for your ideal residence, and these benefits include:

1. You may be able to discover a bargain.

As you kick off your home search, it helps to pursue houses in a wide range of cities and towns. Doing so can help you separate your dream home must-haves from your wants. Also, this may enable you to find an affordable residence that matches or exceeds your expectations.

There is no telling whether a real estate market will favor buyers or sellers. The housing sector fluctuates constantly, and a buyer's market today may morph into a seller's market tomorrow.

Luckily, if you maintain an open approach to buying a house, you can remain patient as you search for your perfect residence. Perhaps most important, you can capitalize on homebuying opportunities as they become available and avoid the temptation to overspend on a house.

2. You can move quickly to acquire your dream residence.

With an open approach to the homebuying journey, you should have no trouble moving quickly to acquire your ideal residence. If the opportunity presents itself to buy a great house at a terrific price, you can submit an offer and proceed accordingly.

Of course, you should always think ahead before you submit an offer on any house, at any time. If you put together a competitive offer on a residence, you may receive an instant "Yes" from a home seller. Then, you can seamlessly finalize your home purchase and move into your dream residence.

3. You can minimize stress throughout the homebuying journey.

Buying a home is a major decision, and as such, stress can be problematic throughout the homebuying journey. If you are open to new ideas as you pursue a home, however, you may be better equipped than ever before to purchase your perfect residence.

Remember, stress may force a homebuyer to make rash decisions – something that a homebuyer probably wants to avoid at all costs. But if you're willing to take a deep breath and step back from the homebuying cycle at times, you can look at the big picture. And as a result, you can remain calm, cool and collected as you consider all of your homebuying options.

For those who are looking for extra help in their pursuit of the perfect home, it may be beneficial to hire a real estate agent too. This housing market professional can share details about a broad array of houses in cities and towns where you want to live. Plus, a real estate agent can keep you informed about new residences as they become available, help you submit offers on houses and much more.

Make your homeownership dream come true – take an open approach to the homebuying journey, and you may be able to accomplish your homebuying goal faster than ever before.




Categories: Buying a Home   buying tips  




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