Eliane Consalvo - LAER Realty Partners



Posted by Eliane Consalvo on 3/18/2018

Let's face it – selling a home in a buyer's market is far from ideal. In this scenario, a home seller likely will compete with many property sellers to promote his or her residence. And despite a home seller's best efforts, there are no guarantees that he or she will be able to maximize the value of a residence.

A buyer's market often is a dream come true for property buyers and a worst nightmare for property sellers. Lucky for you, we're here to help you navigate a buyer's market and ensure you can get the best price for your home.

Now, let's take a look at three tips that every home seller who is operating in a buyer's market needs to know.

1. Complete a Home Appraisal

A home appraisal offers a valuable opportunity for a home seller because it enables this individual to identify a property's strengths and weaknesses. That way, a home seller can find the best ways to enhance a residence and help it stand out from other available properties.

Typically, a home appraiser will inspect a residence both inside and out. After the evaluation is completed, the home appraiser will provide a home seller with a report that describes problem areas that were identified during the assessment.

A home appraisal report can make a world of difference for a home seller, particularly in a buyer's market. With this report in hand, a home seller can work toward enhancing a house's interior and exterior.

2. Establish a Competitive Price for Your Residence

What you paid for your home a few years is unlikely to match the value of your house today. Meanwhile, a home seller should set a competitive price for a residence to ensure that his or her house stirs up plenty of interest from homebuyers.

To determine a competitive price, examine the prices of comparable homes that are currently available in your area. This will help you establish a price range for houses similar to your own.

Furthermore, check out the prices of recently sold homes in your city or town. This housing market data can help you make an informed decision about how to price your residence.

3. Work with an Experienced Real Estate Agent

An experienced real estate agent is unafraid to list a home in a buyer's market. In fact, this housing market professional knows exactly what it takes to sell a residence in any real estate market, at any time.

Thanks to an experienced real estate agent, you can streamline the home selling process. This real estate professional will showcase your house to the right groups of property buyers consistently. He or she also will set up home showings and open houses, negotiate with property buyers on your behalf and do everything possible to help you optimize the value of your residence.

Take the guesswork out of selling a home in a buyer's market. Use these tips, and you can keep things simple as you sell your residence.




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Posted by Eliane Consalvo on 3/11/2018

Whether you’re an empty nester, or just feel that you have too much “stuff” in your house, many people can stand to downsize. If you are planning on moving to a smaller home or if you want to get your family’s amount of “treasures” reduced, it’s not an easy task. We can promise that it will be a worthwhile one! 


Just how can you downsize when you have a houseful of stuff? There’s a few rules of thumb that you should follow in order to keep your downsizing process streamlined and stress-free.


Don’t Try To Do Everything At Once


The more stuff that you have, the more overwhelming your project will be. You may want to be very efficient and try to get everything cleaned out as soon as possible. It’s probably not feasible to get it all done at once. You’ll stress yourself out both physically and emotionally. Think of a realistic time table for you based on how much time you hope to clean over a certain period and how much stuff you actually have. It’s best if you plan to tackle one room and one area at a time.   


If You’re Helping Someone Else, Ask Yes Or No Questions


When you’re in the process of moving or even just getting rid of stuff, the people you’re helping will thank you if you’re direct. Ask yes or no questions about things as the whether it’s being donated, tossed, or saved. This will be especially helpful when working with children and older people.  



Presort Items


You can also expedite the process of cleaning things just by sorting them out. Keep piles of clothing, kitchen items, tools and toys separate. This process works best with items that are numerous like clothing. Once the items are separated, they may be much easier to tackle.               


Know How Much Space You Have


If your goal is to empty out one closet in your home, then you know that space will be unavailable for storage. If you’re moving from an 8 room house to 5 room condo, you may have a bit more purging to do! Just remember that there’s no point in hanging onto things that won’t be used or that have no place to be stored.


Don’t Have An Undecided Pile


Don’t start an undecided pile of stuff. It will just end up back in your pool of things that will need to be cleaned out at a later time. Make sure that you make a clear decision on what you’re doing with each item in the process of sorting. One exception to this rule is paperwork. If you need to sort through a lot of it, place it in a box to go through at another time, preferably once the rest of the house is settled. 


If you focus on sorting and seeing what your most used items are, downsizing should be a less overwhelming task. Once you clean, you can focus on more important things like moving!





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 – 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 – 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 – 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  
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Posted by Eliane Consalvo on 2/18/2018

There’s many different reasons why you might want to consider choosing a mortgage payment over a monthly rent check. But there’s also a few drawbacks to buying a home. One big obstacle is that of the down payment. When you’re renting a property, there’s a lower amount of money that you’ll need to come up with in order to secure a place to live. With a 20% down payment required to buy a home, saving for that down payment seems a lot more daunting than renting. There’s so many financial advantages to owning a home.  With quite a few factors to consider, buying a home may not be so far out of reach for you. 


Rates Are Low


Even though mortgage rates fluctuate from time to time, they’re still low enough that it makes sense to buy a home and make it a much cheaper monthly cost than renting.  


Rental Rates Are Not Guaranteed


Your rent is not guaranteed to stay the same over time. The price can go up after the lease ends. Another problem with renting is that the landlord can decide that he wants to make improvements to the building at any time, even improvements that you’ll be required to move out for. You could end up in a bind fairly quickly if you’re put in this situation. 


If you buy a home, the only change to your expenses would be if you choose an adjustable rate mortgage or if there’s changes in property taxes and insurance rates. Your expenses are more predictable when you buy a home. 


You’ll Build Equity When You Buy A Home


One of the top reasons to buy a home is to enable you to build equity. Over time, you’ll have a piece of property that will provide cash that you’ll be able to tap into when needed. Home equity doesn’t replace the other ways that you save, but you’ll have another source of financial backing. Your monthly mortgage payment is in essence going into the “bank” of your future. 


There’s Plenty Of Tax Breaks For Homeowners


This is one known financial benefit of owning a home. The initial years of your home ownership mainly go towards paying down the interest on the home. The good news is that this expense is tax deducible. Also, you’ll benefit financially when you sell your home as you won’t have to pay tax on gains you have earned if you live in your home for at least half the time within the 5 years before you sell. Home insurance and mortgage insurance are also tax deductible. 


While the idea of buying a home may seem like a feat, financially, it’s a smart decision. When you’re renting, you don’t see a return on the monthly check that you shell out. If you own a home, you own it and it’s your to do with as you please. You get out of your home what you put into it.