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


Posted by Pamela Bailey on 7/29/2020

Let's face it – stress can be problematic, particularly for a homebuyer who is competing with others to find the best house at the lowest price. Lucky for you, we're here to help you minimize the guesswork associated with purchasing a house, increasing the likelihood of a stress-free homebuying experience.

Now, let's take a look at three tips to help you enjoy a stress-free homebuying journey.

1. Study the Housing Market

The housing market conditions in one city or town may vary from the real estate conditions in another. As such, you'll want to assess the local housing market closely to identify patterns and trends. This will allow you to obtain comprehensive real estate market insights that can help you become a diligent homebuyer.

Of course, don't forget to analyze the prices of recently sold houses in your city or town too. This housing market information can help you differentiate a seller's market from a buyer's one so you can tailor your homebuying journey accordingly.

2. Prep Your Finances

Although you know that you want to buy a house as soon as possible, you still have no idea how you'll pay for a residence. Fortunately, if you prepare your finances today, you'll be better equipped than ever before to enjoy a stress-free homebuying experience.

Consult with a variety of banks and credit unions to learn about all of the mortgage options at your disposal. That way, you can explore a wide range of mortgage options and select one that matches your finances perfectly.

Also, be sure to ask lots of questions when you meet with lenders. These financial institutions employ friendly, knowledgeable mortgage specialists who can help you evaluate all of your home financing options. And if you ask plenty of mortgage questions, you can gain the insights that you need to make the best-possible mortgage decision.

3. Collaborate with a Real Estate Agent

If you want to avoid stress throughout the homebuying journey, it helps to hire a real estate agent. In fact, with a real estate agent at your side, you can get the support that you need to thrive.

A real estate agent will learn about your homebuying goals and help you map out a successful homebuying journey. As a result, a real estate agent will make it easy to identify potential homebuying hurdles and ensure that you can avoid such issues.

Furthermore, a real estate agent delivers extensive assistance at each stage of the homebuying journey. He or she will help you examine a broad array of houses and find a home that is right for you. Plus, after you discover your dream house, a real estate agent will help you submit a competitive homebuying proposal.

As you get ready to enter the real estate market, it helps to plan ahead as much as you can. Take advantage of the aforementioned tips, and ultimately, you can minimize stress as you proceed along the homebuying journey.




Categories: Uncategorized  


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 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 6/10/2020

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.




Categories: Uncategorized  


Posted by Pamela Bailey on 6/3/2020

Photo by timokefoto  via Pixabay

Buying property can be fun, but it can also be exhausting. You want to find a place that fits your personal lifestyle and invest in a home that'll bring you years of happiness. As you're looking at shorefront real estate:

1. Understand Your Access Rights to the Water

On the surface, it may look like a no-brainer that you have access to the water, but many people learn the hard way that their beautiful waterfront views don't have easements that allow access to the lake, pond, or ocean. Most people don't want a beautiful view of the water without being able to use it.

2. Know Your Waterfront Buffer Zones

State and local regulations may prohibit your landscaping plans from making forward progress if you're too close to tidal waters. Know the buffer zones before you buy so you're not stuck with a landscape you don't love.

3. Learn Your Littoral Rights

If you purchase waterfront real estate, you may very well be granted littoral rights—that is, you'd have unrestricted rights to use that water as though it was land. The government may also own the water up to a certain point, so it's best to gain this knowledge up front.

4. Know if You have Riparian Rights

If you purchase a non-riparian waterfront property, you likely won't be able to have a private dock or pier on the water. Since this is one of the major reasons people want to own waterfront property, it's important to understand these rights before you buy.

5. Understand Your Obligations Regarding Water Depth

You don't have any control over Mother Nature, but you do often have certain obligations in terms of what you're permitted to do in certain water depths. You may need to build a deck farther out into the water than you'd first anticipated in order adhere to depth regulations.

6. Look at the Fixtures Surrounding the Property

Certain watercraft, such as sailboats, need far more clearance than others. If your potential property is directly next to fixed-height bridges that wouldn't enable you to enjoy leisure time on your sailboat, that may not be the best home for you. Alternatively, people who enjoy kayaking wouldn't need to be concerned with fixed-height structures. In fact, those areas might be best for this type of buyer.

7. Research Regulations Impacting Docks and Piers

It's not atypical to have to purchase pier permits. Depending on your location, these regulations may be governed by federal, state, or local institutions. It's best to have an idea of the cost before you get your heart set on a single property.

8. Include Flood Insurance in Your Monthly Costs

Natural disasters can bolster the cost of flood insurance. Even if you think you'll never need it, a waterfront property is always best protected when flood insurance is calculated into the cost.

9. Know How Secluded You Really Want to Be

Waterfront real estate is appealing because it's quiet and serene, but if this will be your year-round residence, make sure you've taken winter into consideration if you're looking for lakefront property where snowfall can change the landscape quickly. Super-secluded spots can make it difficult to get to the store when blizzards hit, so you may want to look for a place that has easy access to shopping. However, if you're willing to rough it, or if you'll only be using the property in the summer, seclusion is a great way to go! Of course, if you're looking for beachfront property in Florida, parts of California or the Carolinas, winters won't really be a concern you'll have to worry about.

10. Explore the Pros and Cons of Private Beaches Versus Public Shores

There are pros and cons to each. Make sure you have an idea what you're looking for before you and your real estate agent start house-hunting, but be open to possibilities if your real estate agent has a property they insist you must see.

As you're shopping for waterfront real estate, be sure to keep these tips in mind. The more you know, the more likely you'll be to find a home that makes you happy for many years to come. Contact me if you have questions about buying waterfront property!