CENTURY 21 Sexton & Donohue, Inc.



Posted by CENTURY 21 Sexton & Donohue, Inc. on 2/20/2018

The decision to buy a home can bring all sorts of emotions. From stress to joy to fear, you need to be prepared for any situation to arise. From saving up enough money for a down payment to securing financing to hoping for a smooth closing, buying a home is a complex event. Just about the worst thing that can happen in the process is finding the home of your dreams and then having your offer rejected. If you do lose out on the house to another bidder, below, youíll find a few reasons why.


The Home Is Above Your Means


If you go after a home thatís above a price that you can afford, itís likely that your offer will be declined. Look at all of your numbers and find a reasonable price point with your real estate agent. Be sure that your agent wonít show you homes that are far above your budget. Donít risk falling in love with a house that you canít afford. If you start big, you may be disappointed at the type of home you actually can fit in with your budget. 


A Better Offer Came In


In high competition markets or for a home thatís receiving a lot of attention, sellers may get multiple offers. All that attention is why itís always best to keep your offer as close to the asking price as possible. Donít assume that other buyers will bid low. Remember that sellers want to get the most return on their home, which means they are going to take the highest offer in most cases.


You also donít want to get too carried away in asking for contingencies. If you ask too much of a sellerís, they wonít bother giving your offer serious consideration when other buyers have asked them to put less time and money into the home. Donít ask for unnecessary repairs or over the top back costs. 


Youíre Not Approved For A Mortgage


The seller wants you to have a home loan pre-approved so that the process of selling their home will be that much smoother. Some seller may only consider bids by buyers who have been pre-approved for a loan. You should definitely be pre-approved before you even set out on your home search.


To get your offer accepted on a home you love, you need to do your homework. As a buyer, you want to keep the needs of the seller in mind. Although you want the best deal for yourself, you're more likely to get a property that you want if you compromise a bit. 





Categories: offer   lowball offer  


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 Ė 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 theyíre 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, thereís 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 isnít all about making new friends. Kids can still keep in touch with their old friends. If you didnít 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. Theyíll know that someday, theyíll 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. Youíll 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 1/16/2018

Real estate market data is readily available to home sellers across the United States. With this information at your disposal, you should have no trouble maximizing the profits from your home sale.

Now, let's take a look at three real estate market data that every home seller needs to check out before listing a residence.

1. Prices of Comparable Houses

Let's face it Ė determining a competitive price for your house may prove to be difficult, regardless of your home's age or condition. Fortunately, if you analyze the prices of comparable residences in your city or town, you can better understand how your house stacks up against the competition and price it appropriately.

Furthermore, it may be beneficial to conduct a home appraisal prior to listing your house. This appraisal enables a home expert to assess your house both inside and out. Then, you'll receive an appraisal report that contains a property valuation, which may help you determine a competitive price for your house.

2. Prices of Recently Sold Houses

Are you preparing to enter a buyer's or seller's market? Review the prices of recently sold houses in your area, and you can find out whether the current housing market favors buyers or sellers.

If home sellers are receiving offers at or above their initial home asking prices, now may be an ideal time to list your residence. Thus, you may want to add your house to the real estate market sooner rather than later to capitalize on a housing sector that likely favors sellers.

Conversely, if home sellers are receiving offers below their initial home asking prices, you may want to allocate significant time and resources to find ways to improve your house. Because if you enhance your house's exterior and interior, you may be able to help your house stand out from the competition and increase the likelihood of a profitable home sale.

3. Average Amount of Time That a House Is Listed

Check out how long houses stay on the real estate market before they are sold Ė you'll be glad you did. With this housing market data in hand, you can assess the pulse of the real estate market and map out your home selling journey accordingly.

If you need help collecting or analyzing real estate market data, there is no need to worry. Hire a real estate agent today, and you can gain the insights that you need to make informed decisions throughout the home selling journey.

A real estate agent is a housing market expert who is happy to help you in any way possible. He or she will provide recommendations about how to price your house and improve your home's interior and exterior. Plus, a real estate agent is available to respond to any of your home selling concerns or questions, at any time.

Ready to list your home? Review the aforementioned housing market data, and you can obtain deep insights into the real estate sector prior to selling your house.





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 Ė 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  




Tags