Eliane Consalvo - LAER Realty Partners



Posted by Eliane Consalvo on 3/25/2018

You've attended an open house Ė now what? Ultimately, there are many questions for homebuyers to consider after they attend an open house, and these include:

1. Did the home match or exceed my expectations?

It is important to understand whether a home is one that you could enjoy both now and in the future. And if you found that you liked a home after an open house, you may want to proceed with an offer on this residence.

Usually, it is a good idea to carry a checklist of your homebuying wants and needs that you can use throughout an open house. With this list in hand, a homebuyer can identify a house's strengths and weaknesses.

If you ever have concerns or questions during an open house, don't hesitate to find the listing real estate agent for assistance too. By doing so, you can gain the insights you need to determine whether a particular house is a viable long-term investment.

2. What would life be like if I purchased the home?

An open house can bring out a broad range of emotions in homebuyers, particularly if these individuals see things that they like in a residence.

For example, a homebuyer who sees a large outdoor deck may envision summer barbecues with family members and friends. Or, a homebuyer who views a spacious kitchen might picture dinner parties that he or she could host in the future.

If a home brings out positive feelings, it may be a keeper. As such, a homebuyer who feels good about a home after an open house may want to move forward with an offer.

3. Am I ready to submit an offer on the home?

Submitting an offer on a house can be tricky. On the one hand, you don't want to overspend to acquire a residence. Conversely, you want to submit a competitive offer that matches the home seller's expectations.

After an open house, it never hurts to meet with a real estate agent. Then, you can outline your homebuying goals and determine whether now is a good time to submit an offer on a residence.

If you decide to proceed with an offer, ensure that the proposal is fair and is submitted in a timely fashion. In all likelihood, the home seller will have 24 to 48 hours to accept, decline or counter your proposal. Once you receive a home seller's decision on your offer, you can determine the next step on your homebuying journey.

Lastly, if a home seller rejects your offer, there is no need to worry. With an expert real estate agent at your side, you can check out other open house events in your area. And as a result, you should have no trouble accelerating the process of going from homebuyer to homeowner.

Alleviate stress as you decide how to proceed after you attend an open house Ė consider the aforementioned factors, and you can determine whether a particular residence is right for you.




Categories: Uncategorized  


Posted by Eliane Consalvo on 3/4/2018

Want to buy a house? If you plan ahead for the homebuying journey, you may be better equipped than ever before to reap the benefits of a seamless homebuying experience.

Now, let's take a look at three tips to help you prepare for the homebuying journey.

1. Figure Out Where You Want to Live

Do you prefer the hustle and bustle of the big city? Or, would you like to reside in a small town? Think about where you want to live, and you may be able to speed up the homebuying journey.

A homebuyer who narrows his or her search to houses in a set number of cities and towns may be able to quickly discover the ideal residence. Thus, if you know where you want to go, you can act fast to pursue your dream house. And once you find your dream home, it may be only a few weeks before you can finalize a home sale.

2. Obtain a Mortgage

A mortgage generally is a must-have for a homebuyer, regardless of where he or she decides to live. If you submit a mortgage application before you embark on the homebuying journey, you can enter the real estate market with a budget in hand.

Oftentimes, it won't take long to get pre-approved for a mortgage. You can meet with a variety of banks and credit unions, and these financial institutions can teach you about a wide array of mortgage options. Next, you can select a mortgage that satisfies your personal requirements.

When you meet with banks and credit unions, don't hesitate to ask plenty of questions, either. If you receive expert mortgage insights, you can make an informed mortgage decision that likely will serve you well for years to come.

3. Consult with a Real Estate Agent

Let's face it Ė pursuing a home should be a quick, easy process, but problems may arise that prevent you from buying your ideal residence. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market professionals can help you make your homeownership dreams come true.

A real estate agent is a housing market expert who can teach you how to discover a terrific house at a budget-friendly price. This housing market professional can explain the differences between a buyer's and seller's market and help you map out a successful homebuying journey. That way, you may be able to improve your chances of acquiring a superb residence if you hire a reliable real estate agent.

In addition, a real estate agent will serve as your guide along the homebuying journey. He or she will keep you up to date about new residences that become available, set up home showings and help you submit homebuying proposals. And if you ever have homebuying concerns or questions, a real estate agent is available to respond to them.

Achieve the best-possible results during the homebuying journey Ė use the aforementioned tips, and you can plan ahead to acquire your ideal residence.




Categories: Uncategorized  


Posted by Eliane Consalvo on 2/25/2018

Buying your dream home should be simple. Unfortunately, challenges may arise during the homebuying journey, particularly for those who fail to budget accordingly.

Establishing a budget before you begin your home search is paramount. With a budget in place, you can explore houses that fall within your price range and move closer to finding a great residence that you can enjoy for years to come.

Ultimately, creating a homebuying budget can be easy Ė here are three tips to help homebuyers establish budgets.

1. Consider your utility costs.

Although you may be able to get pre-approved for a mortgage and determine exactly how much you'll need to pay for a house, you'll still need to account for utility expenses month after month.

Electricity, heat and other utility costs can add up quickly. However, a diligent homebuyer should have no trouble estimating his or her monthly utility fees.

Examining your current utility expenses can help you understand how much you may wind up paying in utility charges at your new address. Also, don't forget to consult with your real estate agent, as this professional may be able to provide details about the average utility costs associated with a particular residence.

2. Manage your debt.

If you decide to purchase a "fixer-upper," i.e. a home that requires extensive home repairs, you'll likely need to commit substantial time and resources to complete home renovation projects. Thus, you'll want to consider any home repair tasks that you may need to complete at a new address and budget for them before you make an offer on a house.

In addition, knowing your credit score can help you understand your debt. You are entitled to a free copy of your credit report from each of the three major credit reporting agencies (Experian, Equifax and TransUnion), and each report will provide information about any outstanding debt. That way, you can learn about your debt and find ways to minimize it prior to purchasing a residence.

3. Account for closing costs and miscellaneous expenses.

Home closing costs will include your loan origination, title insurance and appraisal fees and often range between 3 percent and 7 percent of your total loan amount. You'll want to account for these expenses as you establish a homebuying budget to ensure you can secure your dream house without delay.

Spend some time learning about all of the expenses that may impact your monthly home expenses too. For example, if you purchase a condo, you may face monthly homeowners association fees in addition to your mortgage costs. Or, if you plan to have a baby in the near future, you'll want to consider how the costs of raising a child may impact your ability to cover your mortgage expenses.

If you ever have concerns or questions about establishing a homebuying budget, be sure to consult with your real estate agent. Remember, your real estate agent is available to help you in any way possible and will do what it takes to ensure you can establish the right homebuying budget.




Tags: Buying a home   budgeting  
Categories: Uncategorized  


Posted by Eliane Consalvo on 2/4/2018

Buying a home should be an unforgettable journey, one that enables you to purchase a high-quality house at a budget-friendly price. If you start planning for the homebuying journey today, you may be able to reduce the risk of encountering homebuying hurdles as you attempt to acquire a first-rate house.

Ultimately, there are many important decisions for homebuyers to make before they enter the real estate market, including:

1. Where Do I Want to Live?

As a homebuyer, you'll want to know where you want to go so you can map out your property buying journey.

Consider your current and future plans before you enter the housing market Ė you'll be glad you did. This will enable you to consider where you'll be in the next few months and years and plan accordingly.

For example, if you currently work in the city and intend to stay at your present job, you may want to search for a home that makes it easy to commute to work.

On the other hand, if you plan to start a family in the foreseeable future, you may want to consider purchasing a home near various top-notch parks and schools.

2. How Much Can I Spend on a House?

You know that you'd like to become a homeowner, but how much can you afford to pay for a residence? Meet with several banks and credit unions, and you can start budgeting for a home.

Banks and credit unions can help you get pre-approved for a mortgage. Then, with a mortgage in hand, you can enter the real estate market with a good idea about how much you can spend on a residence.

Many banks and credit unions are available, and they are happy to teach you about the ins and outs of numerous mortgage options. Plus, lenders will respond to your mortgage concerns and queries and help you make an informed mortgage decision.

3. Will I Need to Hire a Real Estate Agent?

If you're on the lookout for your dream home, why not hire an expert to guide you along the homebuying journey? With a real estate agent at your side, you can take the guesswork out of finding and purchasing your ideal residence.

A real estate agent will provide expert support at each stage of the homebuying journey. As such, he or she will help you set realistic expectations before you begin your search for your dream house.

Perhaps best of all, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. This housing market professional will even offer expert real estate insights that you might struggle to obtain elsewhere.

When it comes to purchasing a house, there is no need to leave anything to chance. Fortunately, you can hire a real estate agent to help you along the homebuying journey and simplify the process of going from homebuyer to homeowner.




Categories: Uncategorized  


Posted by Eliane Consalvo on 1/28/2018

When youíre searching for a home, perhaps the price of the house isnít as important as the overall affordability of the neighborhood itself. While you have a long wish list of what you want for your property, if you search by neighborhood in order to help you fit your budget, your search may be much easier and help you turn up with a more affordable house.


Look At The Price


This seems obvious, but we mean that you should go a bit deeper. The list price of a home and reality could be two very different things. A house could be underpriced or overpriced based on the surrounding properties in the neighborhood. If you do a little research, youíll be able to see what the going price for similar style homes is in the area and make a judgement based on that information. 


Donít Stick To One Neighborhood


You should take a peek around and look outside of the certain neighborhood that you find to be the most desirable. If you look just a few streets away, you could find out that the prices are better and the benefits of the area are the same. 


Youíll choose your neighborhood based on what youíre looking for in your lifestyle. If you prefer to go out to eat, youíll need to know what types of restaurants are nearby. If you like to walk in the park, being close to parks and recreation is of course important to you. 


Know The Phrase Up-And-Coming


This description of a neighborhood can sometimes seem like a bit of a reach, but many times it turns out to be true. Once undesirable neighborhoods may become the place people want to be after a certain amount of time. The problem with this is that no one can be sure as to exactly how long this will take. Potential warnings for properties described as being in an up-and-coming neighborhood would be:


  • Thereís low sales in the area
  • The value of the properties has actually been decreasing
  • Thereís little access to grocery stores, restaurants, and entertainment


Overall, use your judgement when it comes to whatís described as a neighborhood waiting to be gentrified. You could buy your own piece of gold, or you could be on the search for a dud.


Check Your Commute Times


Match the cost of different homes that youíre looking at with the reality of the commute times that you and your family are facing. How far are the kids from school? Will you be closer to work? Will it cost you more to get to and from work in the new location? While your commute costs arenít exactly directly correlated with real estate, itís definitely a part of your regular budget. You also donít want to add a lot of time to your work commute if you can help it. 


These tips should help you to make an informed decision about what neighborhood to buy a home in that will be the most cost-effective for you.