Pamela Bailey
RE/MAX On the Move | Insight | Advantage | 603-770-0369 | [email protected]


Posted by Pamela Bailey on 7/8/2020

Creating an offer to purchase a home may require several minutes, hours or days – it all depends on the buyer. Fortunately, there are many things you can do to accelerate the process of putting together a homebuying proposal that will get a seller's attention. These include:

1. Study the Housing Market Closely

When it comes to preparing an offer to purchase a house, there is no need to leave anything to chance. If you analyze the real estate market closely, you can gain the housing sector insights you need to craft a competitive homebuying proposal.

Take a look at the prices of recently sold houses in your area, along with how long these residences were available before they sold. With this information in hand, you can determine whether the current housing market favors buyers or sellers and craft your offer to purchase accordingly.

Analyze a house's age and condition as well. By doing so, you can account for the state of a house as you put together an offer to purchase.

2. Maintain Flexibility

Although you may be in a hurry to acquire your dream residence, a seller may need time to find a new place to live. As such, you should maintain flexibility as you craft your offer to purchase and be ready to accommodate a seller's requests.

Ultimately, it is important for a home sale agreement to meet the needs of both a buyer and seller. If you consider the seller's perspective as you create an offer to purchase, you may be better equipped than ever before to craft a homebuying proposal that works well for both you and a seller.

3. Collaborate with a Real Estate Agent

Let's face it – creating an offer to purchase a house can be challenging, particularly for a buyer who is putting together a homebuying proposal for the first time. Lucky for you, real estate agents are available nationwide who can help you craft a competitive offer to purchase in no time at all.

A real estate agent is happy to provide you with homebuying insights you may struggle to obtain elsewhere. He or she can offer recommendations and suggestions as you prepare a homebuying proposal. Plus, a real estate agent can help you submit an offer to purchase and negotiate with a seller's agent on your behalf.

Let's not forget about the support a real estate agent provides after you submit an offer to purchase, either. If your homebuying proposal is approved, a real estate agent will help you finalize your house purchase. Or, if your offer to purchase is rejected, a real estate agent will help you reenter the housing market so you can discover your dream house. In the event a seller counters your offer to purchase, a real estate agent can help you determine the best course of action, too.

Ready to submit an offer to purchase your ideal residence? Use the aforementioned tips, and you should have no trouble submitting a competitive homebuying proposal and acquiring your dream house.





Posted by Pamela Bailey on 7/1/2020


Photo by Emre Can from Pexels

The start of the new year means it’s time to focus on the latest interior design trends for luxury homes. Being familiar with these trends can help you determine what changes to make to your home if you’re planning to spruce it up. The following are some of the interior design trends that will be in demand in 2020. 

Warm Colors and Jewel Tones

Neutral colors, especially beige and white, have been the standard in homes for awhile, but bolder colors are replacing them. Warm colors and jewel tones are in this year for luxury homes. These rich, saturated hues add visual appeal to any room. You can redo entire rooms in these colors or just add touches of these tones to different rooms with accent pieces.

High Contrast Design 

Monochromatic designs have been in due to their clean, streamlined appearance, which goes well with contemporary and modern homes. However, high contrast design is expected to make a comeback in interior design this year. These designs, such as black and white, can be incorporated in rooms through decor items. You can also introduce a high contrast design on a larger scale with the ceiling trim and molding in each room of your home. 

Natural Materials

As more luxury homeowners become eco-conscious, a shift to natural materials is in increasing demand. These materials range from marble and raw woods to linen, rattan and wicker. You can add these materials to your home in several ways, such as with marble tiles and counters in your kitchen or bathroom or rustic wood finishes and furniture. Wicker and rattan furniture can add a natural touch to breakfast nooks or patios.

Antiques

Antiques are expected to be a growing trend this year thanks to an increased focus on individuality in interior design. Rather than filling your home with manufactured decor items produced on a large-scale basis, consider adding some antique pieces. These kinds of decor items give your home an elegant, luxurious look that can reflect your own design preferences. Look for antique pieces that add charm and personality to your home. 

Dark Interior Doors

White or lighter interior doors are on the way out in 2020 as dark, painted doors take over. This interior design trend can give rooms in your home a warmer feel, especially when you pair them with furniture and decor items in rich tones. You can also use dark interior doors as part of a high contrast design with lighter walls surrounding them. 




Categories: Uncategorized  


Posted by Pamela Bailey on 6/24/2020

Image by StockSnap from Pixabay

In many communities, homeowner’s associations, or HOAs, provide services to residents of the neighborhood. In fact, as many as 26 million homes are under the guidance of an HOA across the country. These community organizations can help ensure the neighborhood’s homes stay in good repair, residents treat each other respectfully, and agreed-upon rules are followed by all community members. But HOAs are not free. To be a member of a community with an HOA, you will need to pay a monthly or annual fee. So is the HOA worth having? Here are the benefits and drawbacks to consider if you’re shopping for a home in a community with one.

Benefits of an HOA

An HOA will provide amenities for you as a resident of the community. Sometimes, those amenities may include things like community swimming pools or a fitness center. They may be something as simple as enforcing rules about the upkeep of homes so the neighborhood looks nice. This, in turn, can help preserve the value of your property.

HOAs can reduce some of your responsibilities. Depending on the terms, they may cover lawn mowing and snow removal, or they may give you someone to call if your neighbor is letting his dog bark at odd hours of the night.

Finally, an HOA gives you a voice. These associations are run by boards, which are typically community residents, and those board members are supposed to listen to the needs and desires of community members.

Drawbacks of an HOA

On the other hand, an HOA does have some drawbacks. Sometimes, the rules, like rules about fencing in your yard or the color you can paint your home, may be detrimental to your goals. The cost is another factor to consider, as it will increase your overall cost of homeownership.

Depending on the terms of your HOA contract, it may be possible for the association to foreclose on your home if you fail to pay your dues and follow the rules. They can also spring assessments on the homeowners within the association if they lack the money to cover an expense, such as if the community pool needs to be renovated.

Finally, an HOA will often limit the rental of homes within its governance. If you need to move and don’t want to sell, you may not have the freedom to turn your home into a rental. If rentals are allowed, the HOA will have regulations about the rental agreements that you have to follow.

So is an HOA right for your needs? The answer truly depends on your goals for your home and your overall budget. Weigh the pros and cons, and then make a decision that fits you.




Categories: Uncategorized  


Posted by Pamela Bailey on 6/17/2020


Photo by Designer491 via Shutterstock

The term “bi-weekly” means every other week. If you get paid bi-weekly, you usually get your check every other Friday. When it comes to a mortgage, typical amortization plans (payments of principal and interest) use a 30-year/360-month calculation. But many lenders offer a bi-weekly plan too.

In this case, you would make 26 payments a year. When your paycheck is also bi-weekly, this option works fantastically. When you do this, you effectively make 13 monthly payments in a year. While some lenders won’t accept two half payments mailed to them each month, they will set up automatic deductions bi-weekly for you. 

Can you do it faster?

A bi-weekly plan will pay down your loan more quickly than twelve monthly payments, but can you do more to get your house paid off?

Here are some options to add to your plan and get your mortgage paid off sooner:

  • Round up: If your bi-weekly payment is $762 a month, round it up to $800. That extra $38 against your principle lowers the overall interest you’ll pay. If you can round it up higher, do so.
  • Use your bonus: Annual bonuses from work often go toward holiday gifts and other expenses, but if you really want to pay your house down, add it to your last payment of the year.
  • Use your tax refund: If you get a refund from the government every year for overpaying your taxes, apply it to your house. A few hundred or thousand dollars extra every year makes an enormous difference in the interest you pay and how soon that property belongs to you in full.

Online calculators can help you determine what adding just a small amount to your payment can do to reduce the time it takes to fully amortize your mortgage. Plugin different numbers to see what works for you.

If you haven’t yet purchased your house, your real estate agent can get you started, so give them a call today. Then set your budget, buy your house, and put your plan into action.




Tags: mortgage plan   debt  
Categories: Uncategorized  


Posted by Pamela Bailey on 6/10/2020

There is no need to struggle as you pursue your dream home. In fact, there are many things you can do to ensure the homebuying journey is quick and easy.

Now, let's take a look at three tips to help you enjoy a seamless property buying experience.

1. Know Where You Want to Reside

It often helps to narrow a home search to a small group of cities and towns. That way, you can focus exclusively on residences in a set area and speed up your house search.

As you consider where you want to live, it generally is a good idea to review your short- and long-term plans. For example, if you intend to return to school soon, you may want to search for houses near some of the nation's top colleges and universities. On the other hand, if you want to start a family, you may want to focus on homes close to parks and other family-friendly attractions.

2. Establish a Homebuying Budget

Most homebuyers will need to get a mortgage so they can acquire their dream residence. Fortunately, banks and credit unions are happy to teach you about home financing and help you make an informed mortgage selection.

Typically, banks and credit unions employ courteous, knowledgeable mortgage specialists who can educate you about all aspects of home financing. These specialists are ready to respond to your home financing concerns and questions and help you find a mortgage that suits you perfectly.

There is no such thing as a "bad" question to ask mortgage specialists, either. If you work with mortgage specialists to assess all of your home financing options, you can select a mortgage that will serve you well for the foreseeable future.

3. Hire a Real Estate Agent

When it comes to searching for a home, you don't have to work alone. Thankfully, real estate agents are available throughout the country, and these housing market professionals can make it simple for you to acquire a great home at a budget-friendly price.

A real estate agent goes above and beyond the call of duty to make the property buying journey fast and easy. First, he or she will learn about you and your homebuying goals. This housing market professional next will craft a personalized homebuying strategy for you and put this plan into action. Then, after you discover your ideal residence, a real estate agent will do everything possible to help you acquire this home.

In addition, a real estate agent will work with you to finalize a home purchase. As a home closing date approaches, a real estate agent will help you plan accordingly. By doing so, he or she can help you purchase your dream residence without delay.

For those who want to enjoy a quick, easy homebuying journey, it helps to plan ahead. With the aforementioned tips, you can prepare for the homebuying journey and limit the risk of encountering various problems as you search for your ideal house.




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